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1~wVt W IW~ the same, together with the tenemenla, hereditaments and appurfe-
nances (hereto belonging, and the rents, issues and prof its thertoj, unto tht mortgagee, to jet stmpb.
~d the mortgagor covenants with the moHgagee that the mortgagor to tndtjeasibly seized of said
land in fee simple: that the mortgagor has good right and lawful authority to convty raid land as ajore-
aaid; thnt the mortgagor will mn~e such f uNher assurances to perfect the fee simplt titlt to said land. in the
mortgagee as may reaaonnbly bs required: thnt the mortgagor hereby fully warrants the title to said bnd
and will defend the acme agninat the lawful clairru of all persons whomsoever: and that said land is free
and clearojallencumbroncea EXCEPT taxes subsequent to December 31, 1979,
and that certain mortgage dated October 1, 1979, to Vimer Enter-
prises, Inc., a Florida corporation, in the original principal sum
of $90,000,
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that ij said mortgagor sl?all pny unto said mortgagee the certntn promis-
sory note hereinafter aubstnntiaUy eopisd or idtntijttd, to-wit:
PROMISSORY NOTE
$ 15,000.00 Stuart r Florida
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~ ~ December 19, 1979
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f FOR VALUE RECEIVED, the undersigned, jointly and severally,
~ PROMISE TO PAY to the order of PAUL OGILVIE
j the Sum Of FIFTEEN THOUSAND AND NO/100------------- D LLAR dt
1729 N.W. River Trail Stuart FL , Or SuC Ot em place as
r t e o der ereo may designate 1n writing, together with interest
from date at the rate of TEN (lo$) $ per annum on the
unpaid balance until maturity. T e sai principal and interest
shall be due and payable as follows:
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~ Payment of principal, plus accrued interest, shall be due and
payable in full on or before April 1, 1980.
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i THIS NOTE MAY BE PREPAID IN FULL OR IN PART WITHOUT PENALTY.
THIS NOTE IS SECURED BY A MORTGAGE ON REAL PROPERTY IN
ST. LUCIE COUNTY, FLORIDA.
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~ Documentary Stamps in the sum of $ 22.SO have been
affixed to the Mortgage and cancelled.
IF DEFAULT be made for TEN days in the payment of any
installment of principal or in'
terest or any part thereof, the
whole sum then remaining unpaid with interest shall at holder's
option become due and payable without notice. Failure to exercise
such option shall not constitute a waiver of right to exercise the
same in the event of subsequent default. After maturity both
principal and accrued interest shall bear interest at 15 $
per annum until paid. The makers and endorsers of. this
node
further waive demand, notice of non-payment and protest. If this _
nose is not paid at maturity and the same is placed with an
attorney for collection, the makers and endorsers hereof agree to
pay all costs of collection, including all court costs and
reasonable attorney fees.
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GREFF DEVELOPMENT CO., a
Florida corporation
4Q 5?~ ~ 7701 g