HomeMy WebLinkAbout0417 PROVIDED ALWAYS, that if said Mortgagor shall pay unto said Mortgagee the certain Promis-
sory Note hereinafter substantially copied or identified, to wit:
~ 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 Thoudand
- Dollars,
at Finance Director, City of 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-
idence at 3109 Avenue D
Fort Pierce, Florida
If the makers or their heirs shall fail to make their residence thereat, or shall transfer the said
property within five (5) 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 of Grant , .
First Yeaz: 10096
Second Year: 80%
Third Year: 6096
Fourth Year: 409'0
' Fifth Yeaz: 2096
E Upon the transfer or failure to continue to reside in the premises, principal shall bear interest at the
legal rate 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 maturity and the same is placed with an attorney for collection, the
€ makers and endorsers hereof agree to pay all costs of collection, in luding all court vosts and reasonable
attorney's fees.
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