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I 7~ ~1pt ~ W the same, together with the teneg'1p~Fli.~ l?ereditamenla and appu?ts-
nances thereto belonging, and fhe rents, tunes and profits thereo/. unto fhe mortgagee, !n jse simple.
the mortgagor covenants with fhe mortgagee that fhe mortgagor is indefeasibly seized of said
land in fee simple: that fhe mortgagor has good right and lawful authority to convey said land as ajoro-
said: that the mortgagor will make such further assurances to pert
act the fee simple title to said land in the
mortgagee as may reasonably 6e required ; that the mortgagor hereby fully wananfs the title to said land
acid will defend the same against the lawlul claims of nll persons whomsoever: and that said land is free
and clear of all encumbronces except matters Of regd.
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~OU~ded ~ifiWAIJS, that tj said mortgagor shall pay unto said mortgagee eh. certain pwmis-
~ sort' note heretrlajter substantially rnpied or identified, to-wit: copy Of Note attached hereto
j and made a part hereof .
s11,000.00 Palm.,I3eac.,~]........, Florida ~Y 31 - . T9 80
FOR VALUE RECEIVED the undersryned promises to pay to the order et
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tl:e pnnC~Gdl sum ot..FOIrIY-Cr1F..`11IOUSAND AO~100._-...-...- - - - -Dollars 541,000.00 - -
legcthc. with interest Ihe~reon 6om date, at Tf•e ratr?SoT .Sp~Clfle(l ,yc,~.Qw,___,
~tyS~(Ihplh pnnCipal and rnterest being payabl! rn law{vl money O{ itic Unilld $tatef or itf cqurv.tient, Bt 5601 1\. Vl.•eec~)1 Ll lVe, Fort
Pierce, Florida 33450
to be payable as follows, to-wit:
No interest shall accrue until November 30 , 1980. Thereafter, interest shall accz-ue
at the rate of ten per cent (lOF'b) per annum and shall be repayable interest only on
November 1981 and on each November 30 thereafter, to and including \ovetnber
1985 at which time the entire principal armunt and all accrued and unpaid interest are
due and payable. The privilege of prepayment in whole or in part without penalty is
~ E reserved. This Note is secured by a Second bfortgage. By acceptance hereof, all holders
of this Note agree that they shall look solely to the property rTnrtgaged to secure re-
~ ~ paS~Enent of this Note, and that they will not seek a personal judgnent or a deficiency
i against the maker.
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Each mayor and rndonor srv~rally wares dema.^.d. protrsl and nobre of maturity, non•t.-syernl or t .•.',rst ,nad ~'I r•_r;u~+r:n„rds r•c.c;:+•i to hold lacF. of
c Ihcrn L.,b4• a. mslrcrs an7 Cndonra. ,
Each m,rGlr and emlwser further agrees lo~ntly a~.d stvrraily, to r.•_i II ~ osrs o{ u.h. r:.on, :rclu.Ln~ a rc.~.un..b:e a!9r.rney s Ewe .r tse the p:mcrpal of
- Ih•s note or uny paymrn/ on the p•rnrpal nr .try interest therron rs nut net at IFc respcctrv~• •eulurJy t'ru rot, o. in ._-:sc if brcon•ci nccl::_ry to p•orect the
Sor Only F.,.rr•u{, whether aur! be bow;M Or nwt _ r " -
Tirs note and do{^rrcd interest p.tyrn. nts shall bear rntc..al at thr r.t[,• r,t teq,._ p.~r ntn!, r4m {:ern re.:s^ty :~i pa~~
Ih•s rote r: slc.+red by a morlg.lg! of ev..n dste h• . th an•~ is fo het ::rtrc•* r,.r! r. •:d 3._c•.:3rn-: to t~•.:a+vs c: t~~z Sta'e o! Fio: •C:~
.•pon c;r•?au'! in the payment o{ pnnc•p.J andfa rntrresl due on any np!e ,-cured by said h:orty fie. all notes so secured ar.u :en+a~nrng ur.pa,E sha;l lorthwrrth
N= come du~~ and payable notwithstanding Ihlir tenx
* for a thirty (30) day period VALL~ P~PF.ffI'Y_ ~TION r,
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