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s _ b0,000.00 ...~~E.-~.~w-r......EI«ra~ /V~~rt'..... .T9~
EoR VALUE RKEIVED tM undersigned promixs to pay Io~Ihs «der d
LYNN K. JOHNSON
th. princrpa) sum eT _5.~~.Cy....thousand.., and._. no~j,100_-,~.-.-.-.-.- -
- - - - - - - oouars is 60 , 000.00
together with interest thereon From dale. al the rate d 11 . OQ ........................oer cMt, l>« ....annum.. until ma:wily, said mteresl
bung payable __...7.n.._~U~J... on the 31sC day of December., .._1.980 . ~X.
3G26};rD{sKboth pincipat and interest being payable in lawful money d the United States « its equivaienf, al 1000 Griffith Avenue ,
Port St. Lucie, Florida
_ ....................said pr~ncipa) swn to be payable on Ihs darns and in the amounts speahed below. to-wd .
Principal and interest due in full on December 31, 1980. No
penalty for prepayment.
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Each mater and endorser xverally waives demand, proles) and notice d maturity, non-paymad « proles) and aU reguirernerrls necessary to laid each d
i Ihem Lable as ma?ers and endorsers.
Each mater and•end«ser further agrees, jointly and severally; to pay all costs d cdlecrion, including a rsasonabk attorney i Fee in case the principal d
- this note « any payment on the pincipat « any interest thereon is not pard al the respective maturity Ihered, « in case it becomes necessary to protect the
seeurdy tiered, whether swt be brought « not. 11 00
Thn note and deferred interest paymeros shall bear interest al the rare ol......._..`.............per cent, per annum from maturity until paid.
This note is secwed by a .......m«tgage.d even date herewith and is to be construed and enforced according to the (awed the State d FI«ida;
upon default in the payment of principal andl« interest due on any note secured by said NEwtga~e. all notes so secured and remaining unpaid shall fathw~th
become duo and paysble notwithstanding their ten«
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- ~ D~ ENA ILCUS
and shall perform, comply with and abide by each and every
the agreements, stipulations, conditions and covenants thereof,
and of this mortgage, then this mortgage and the estate hereby
created, shall cease, determine and be null and void.
And the mortgagors hereby further covenant and agree
to ay promptly when due the principal and interest and other sums
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of money provided for in said note and this mortgage, or either;
to pay all and singular the taxes, assessments, levies, liabilities,
~ obligations, and encumbrances of every nature on said property;
j to permit, commit or suffer no waste, impairment or deterioration
of said land or the improvements thereon at any time; to pay all
costs, charges, and expenses, including attorney's fees and title
~ searches, reasonably incurred or paid by the mortgagee because
~ of the failure of the mortgagors to promptly and fully comply
with the agreements, stipulations, conditions and covvenants -
of said note and this mortgage, or either; to perform, comply
with~and abide by each and. every the agreements, stipulations,
conditions and covenants set forth in said note and this mortgage
or either. In the event the mortgagors. fail to pay when due any
tax, assessment, or other sum of money payable by virtue of said
~ note and this mortgage, or either, the mortgagee may pay the same,
' without waiving or affecting the option to foreclose or any other
right hereunder, and all such payments shall bear interest from
the date thereof at 11.00% per annum until fully paid.
If any sum of money herein referred to be not promptly
-paid within five days next after the same becomes due, or if each
and every the agreements, stipulations, conditions and-covenants
of said note and this mortgage, or either, are not fully performed,
complied with and abided by, then the entire sum mentioned in said
note, and Chis mortgage, or the entire balance unpaid thereon, shall
forthwith or thereafter, at the option of the mortgagee, become and
be due and payable, anything in said note or herein to the contrary
not withstanding. Failure by the mortgagee to exercise any of the
rights or options herein provided shall not constitute a waiver of
any rights or options under said note or this mortgage accrued or
thereafter accruing.
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