HomeMy WebLinkAbout0411 PROVIDED ALWAYS, that if said Mortgagor shall pay unto said Mortgagee the certain Promis-
sory Note hereinafter substantially copied or identified, to wit:
S 5,000.00 Fort Pierce, Florida May 29, 19 80
FOR VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the order of
City of Fort Pierce .
Five Thousand
at Finance Director City o f Fort Pierce or other such place as the holder
hereof may designate in writing without interest as long as the makers hereof continually make their res-
idenceat 609 North 15th Street
Fort Pierce, Florida 33450
If the makers or their heirs shall fail to make their residence thereat, or shall transfer the said .
property within five (S) years of the date hereof, then, there shall be due to the City of Fort Pierce
an amount determined in accordance with the following schedule:
Percent (96) of Grant
First Yeaz: 1~°~
Second Year: 80%
Third Yeaz;
Fourth Year:
Fifth Year: ~ 20%
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t Upon the transfer or failure to continue to reside in the premises, principal shall beaz interest at the
j legal rate until paid. The makers and endorsers of this Note further waive demand, notice of non-payment
j and protest. If this Note is not paid at maturity 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's fees.
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