HomeMy WebLinkAbout1990 ~ ~ •
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PROVIDED ALWAYS, that if said Mortgagor shall pay unto said Mortgagee the certain Promis-
sory Note hereinafter substantially copied or ident~ed, to wit: ~
S 4,950.00 Fort Pierce, Florida June 2, 1980
FOR VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the order of
Ctty of Fort Pierce
Four Thousand Nine Hundred and Fifty--------------------------------------~~~
at F; nanrn n; rprtnr 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 2002 Avenue M - s
Fort Pierce, Florida
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 Year: 10096
Second Year: 8096
Third Yeaz;
4096
Fourth Year:
•Fifth Year: ~ 2096 j
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~ 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, including all court costs and reasonable
attorney's fees.
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• ~ SEAL
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(SEAL)
. 48813'74
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