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's 34 , 000.00 sTUART. Florida. batch 1?th ~s 80
FOR VALUE RECEIVED, the undersiylwd, lolndy and sevNaNy PROMISE TO PAV to the ortNr of t
LOUIS J. SAVINI and ANNA L. SAVINI his~wifea `
Thirt Four Thousand and No~100---
DOLLARS. ,
al N.W. St. Lucie Lane, Stuart, Florida 33494 wwchotherplseeastMholde?
hereof may desl4tute In w?drtt9, to4ather with interest from date at the raa of 1?' pN ceMum
per annum on ttte unpaid balance until Maturity.
7 he pid principal and interest sltaN be dw and payabM as tolbws:
Monthly payments ~ $366.50, for ate m of 264 months. To commence April
15th, 1980, and a like payment of pr ncipal and. interest payable on the
same day on each and every mon t~ eafter until the entire principal and
all accrued interest shall ha ee paid in full. The makers hereof
reserve the right to prep in molt pies of the installment payment at any
time without penalty ubs q n to January 1st, 1981.
11 delatMt W made IOr ~_da Ih! pa me t ul any n1St linens of prim pal ui sole rPSt ui arty part lhlreol, the whiff! sun then rfmarnirlq
unpai0 with interest shall at hOltler's upl on become antl payable witliuul iinUCe_ t-ailwe'o caerUSe such option shall nut cunst~~t e a waiver v1 the
nghl io e><erase the Same m the event of ubsequenl ddawt. Aster matwrly both pnnupal and acuued mtcrest shau beai interest at,jaZper centum pM
annum until pall. The makers antl end tsars of This rule further waive demand, nonce ul non-payment and protest. U lh~s note is not paid at matwity
dntl the Same rt placed with an attorney or col hun, in! makers aritl end nrSerS hlre0l Agra! w pay au COSIS Of COIIKhWi, uiCludinq an cowl co Sts and
~easonaole attorney tees.
. ~S ISEAL)
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which payments are to be applied, first to interest, and
the balance to principal, until said indebtedness is paid
in full, and shall duly, promptly and fully perform,
discharge, execute, effect, complete, comply with and
abide by each and every the stipulations, agreements,
conditions and covenants of said promissory note and of
this mortgage, then this mortgage and the estate hereby
~ created shall cease and be null and void.
I
' AND THE 'MORTGAGORS DO hereby covenant and agree:
1. To pay all and singular the principal and
interest and other -sums of money payable by virtue of said
promissory note and this mortgage, or either, promptly on
~ the days respectively the same severally come due.
2. To pay all and singular the taxes, assessments,
~ levies, liabilities, obligations and incumbrances of every
nature and kind now on said described property, or that here-
after may be imposed, suffered, placed, levied, or assessed
thereon, or that hereafter may be levied or assessed upon this
mortgage, or the indebtedness secured hereby, each and every,
when due and payable, according to law, before they become
delinquent, and before any interest attaches or any penalty
~ is incurred; and insofar as any thereof is of record the same
shall be promptly satisfied and discharged of record and the
original official document-(such as, for instance, the tax
receipt or the satisfaction paper officially endorsed or
certified) shall be placed in the hand of said ~dortgagee
within ten days next after payment; and in the event that'any
thereof is not paid, satisfied and discharged, said Mortgagee
may at any time pay the same or any part thereof without
waiving or affecting any option, lien, equity or right under
-2- $~~c 321 P•,~r 20
9l
' x S.e. c`~'~i ~