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t~ ether uvlh th« tenements. (reredilamrutY uu.l ,yiy.wfr
. to ~e ~ W gw~ the same. tog .
rranr•es Iherelo belonging, and the rents, issues and prof
its Ihereoj. unto the morlgogN~. in fee stniple.,
the mortgagor covenants with the mortgagee that the mortgagor is tndejeast6ly seized of said
land in fee simple: chat the mortgagor has good right and lawful authority to convey said land as of
oro-
said; that the murlgagw will males such further assuraues to Perfect the fee simple title to said land in the
mortgagee as may reasonably be ~e ~ ul clams of all persons 6wh~umsoev~a d thattaatdtland U free
and will defend the same agarnst f
and clear o/ all encumbwnces except : ~
Taxes for the year 1980 and subsequent years; and "
Existing first mortgage dated 1?/17/74, recorded 8/6/75, in
ORB 242/1415 of the Public Records of St. Lucie County, Florida.
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~COU~ded always, that if said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or ideniijted, to-wit:
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11
PROMISSORY NOTE "
s S ~ ~ ~ S _ 0 0 ~ Florida ' " - 198 0
FOR VALUE RECEIVED the undersigned, jointly and severalty, promise to PAY TO THE ORDER OF
HARVEY L. LASKY. Trustee
The principal sum of Five Thousand Three Hundred Twenty Five and 00/ 100 Dollars - - - - -
(s S , 32 S . 00 ~ )together with the interest thereon from the date hereof
at -the rate of e i ght percent per annum until maturity, ail payable in lawful money of the United States of America,
as follows: '
' Two (2) annual payments of interest only commencing one (1) year from the
date of closing with the entire principal balance plus accrued interest due
~ and payable three (3) years from the date of closing.
This Note may be prepaid in whole or in part at any time without penalty or
bonus after December 31, 1980.
This Note is secured by a Purchase Money Mortgage of even date herewith and
shall be construed and enforced in accordance with its terms and the laws of "
the State of Florida.
All payments shall apply first to accrued interest. and the remainder, it any, to reduction of principal. H any installment of principal or
interest is-not paid when due, a upon any default in the performance o/ any of the covenants or agreements of this note, or of any
instrument now or hereafter evidencing or securing this note or the obligation represented hereby, the wlwle indebtedness (including
principal and interest) remaining unpaid, shall. at the optwn of the holder. become immediately due. payable and Collectible, and while rn
default, this note and deterred interest shall bear interest st the rate of percent per annum.
Each maker and endorser severally waives demand, protest and notice of maturity, non-payment or protest and ail requirements neces-
sary to hold each of them liable as makers and endorsers. Each maker and endorser further agrees, jointly and severally, to pay aq
costs of collection, including reasonable attorney fees in case the principal of this note or any payment on the principal or any interest
thereon is not paid at the respective maturity thereof, of in case it becomes necessary to protect the security hereof, whether suit be
brought or not.
(sEAi)•
Payable at $tE'- 400('r ?_699 S_ Sayshore Dr. (Sean -
Miami, Fla. 33133 - BRIAN P. L
(Seal)
or such other place ss shall be designated by the holder
of this note in writing.
/O4M
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