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~o i~aUe and to Mold Ifst• sanse, loyelfse? with the Ienlmieids, iteredtfairti+ufs'artd apptsrlr ~
uans-es fftPre'fa ht• one uu , an the reels, issues an ro ifs thrrPO , unto the more a ee, in ee sim le. }
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end Iftn ntorlgaftor covenants u~ilft fhp mortgagee Ihat the mortgagor is indefeasibly seized of said ~
land in fee simply; that tfte mortgagor has good right and lawful authority to convey said fared as afore-
said: that tht• mortgagor will mane such further ossurnnces to perfect the jee simple title to said Land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the tiile to sold land
anti will de(PIItI tflP SQmP against the lnu~(ul claims of ell penons whomsoever, and that said land is free
rrrtrl t•h•ar of all Prtcumbrances except taxes accruing subsequent to December 31, 1979.
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~rou~ded always, tlsat if said mortgagor shall pay unto said rnorlgagee the certain promis
•y sory note hereinafter substantially fopled or identified, to-u,if:
MpRTGAGE NOTE RAMtCO FORM 33
S 40, 000.00 ~ Port St . L ie . Flurid:.
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FUR VALUE RECEIVED, the undersigned, (jointly and severally, i! more than one) promises to pay to
EDWARD B. TRAUB, .JR.
or order, in the manner hereinafter specified,
the principal sum of FORTY THOUSAND AIr'D NO/100------------------------------------ /100 DOLLARS
~ (i 40,000.00) with interest from date at the rate of 11 per cent. per annum on the balance from time to time remaining unpaid.
Thr said principal and interest shall be payable in lawful money of the Lnited Stotts of America at P.O. BOX 1012, Ft . Pierce,
Fla. 33450 or at such place as mad hrrrafter bt dcsienated by Nrittrn notice from the holder to the maker hereof, on
:hc date and in the manntr Yollowing:
Payable in One hundred eighty (180) equal monthly installments of Four Hundred
Fifty Four Dollars and Sixty Four cents ($454.64) including principal and interest.
I first payment due January 21, 1980 and monthly thereafter until said principal and
! interest due thereon are fully paid.
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The makers reserve the right of prepayment at any time without penalty.
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This note with interest is secured by a mortgage on real estate, of even date herewith. made by the maker hereof in favor of the said
,~.:>ce, and shall be construed and enforced according to the laws of the Stott of Florida.
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I( default be made in the payTnent of any of the sums or interest mentioned herein or in said mortgage, or in the performance of
any of the agreements contained herein or in said mortgage, then the entire principal sum and accrued interest shall at the option of the
` h~~,dcr hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued interest
};.til both bear interest from such time until paid at the highest rate allowable under the laws of the State of Florida. Failure to exercise
'};i: option shall not constitute a s+•aiver of the right to exercise the same in the event o[ any subsequent default. ~
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice of dis- z
h<~nor and agrees to pay all costs, including a rcasonabk attorney's fee, whither suit tx brought or not, if, after maturity o[ this note or default
~ }:-rounder, or under said mortgage, counsel steal! be employtd to collect this note of to protect the xcurity of said rortgage. {
K'henever uud herein the terms "holder", "maker" and "payee' sh~ll bt construed itt~the singular or plural as the coo>'ext may
yuirc or admit. ~ - a -
~ Stoker's Addreu C a- ~ c---:~a?...~.--.~....._ -(SEAL)
_.-.~NTON ZICCARDI
_ - -(SEAL)
el;f~c~~ PacE2~ ~
1 3f~0 Carlton Ct. ~ _ i ~ ' •
i~'t. Pierce-: Fla: 33450_. _ ..rt- _ .f (SEAL?