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~t ~ W the some, together with the tenements. heredifumenls and appurfs-
rrances !hereto belonging, and the rents, issues and projils Ihereoj, unto the mortgages, to lee simply.
the morfyago''covsnants with the mortgages that the mortgagor is indsjeasibly ssized of said
land in Jee simply; that the mortgagor has good right and lawful authority to convey said land as afore-
said; thnt the mortgagor will make such further assurances to perfect the fee simple title to said land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the title to said land
and will dylend the same against the lawful claims of all persons whomsoever; and that snld land is free
and clear of all encumbrances except taxes accruing subsequent to December 31,1979.
~rou~ded ~tways, that ij said mortgagor shall pay unto said mortgagee the certain promis-
sory note hersinaltyr substantially copied or identified, to-wit:
$ ~ ~ - o00 - ~ .Fort Pierce. Florida Aari 1 28. 1980 19
FOR VALUE RECEIVED, the undersigned, ,jointly and severally. promise to pay to the order of _
FLORIDA BANK AT FURT PIERCE
_ THTRTF.F.N T1;Ol1SATvn AN1) NO/lOQ (~~~.OOQ~O)----------------__----_------------- DOLLARS. '
at _ 501 Oramge Avenue. Ft. Pierce. Florida 33450 or such other place as
the holder hereof may designate in writing, together with .interest from date at the rate of Prime + 19(~ ~
_
per ~entum per annum, on the unpaid balance until maturity. The said principal and interest shall be
clue and. payable
In sixty 160) monthly instalments of $209.35 each which shall include interest at
the rate of Prime + 196*. The first payment to become due May 28, 1980 and~a like
sum or, the corresponding day of each month thereafter until on the 61st paytr,ent a
Balloon payment of approximately $11,619.35 plus accrued interest will be due and
payable on May 28, 1985.
A late payment charge of $10.47 shall be added tc each instalment remaining unpaid .1
7 days after its due date, and a like sum shall be added to each such instalment
remaining unpaid 7 days after each succeeding payr~~ent date.
* Interest shall be calculated or, the actual number of days loan is outstanding ~
~ and shall accrue at 196 above prime rate as established by Florida First National
Bank of Jacksonville. Such rate of interest shall be adjusted on a daily basis
concurrently with any increase or decrease in the said prime rate, but such
interest shall not exceed the maxinum lawful interest permitted under the then
applicable laws of the State of Flor~•ida. Prime is 19.50 on this date.
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If default be made for _ __30_ days in the ayment of an installment of
~ p y principal or interest or
<,ny part thereof, the whole cum 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 the
right to exercise the same in the event of subsequent default. After maturity both principal and secur-
ed interest shall bear interest at Prime__±p~r~centum per annum until paid. The makers and endorsers
of this note further waive demand. notice of non-payment and protest. If this note is not paid at matur-
its 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.
Documentary Stamps and Intangible Tax (SEAL)
Receipt has been paid rtith the proper stamp George-);.-l:erix
and recei t and affixed to the Mbr e (SEAL)
p 11~ Jane-tom-. -Felix
secured herby. PAGE (SEAL)
_ (SEAL)