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~o ~iaue and to ~iotd the same, fogelher with the lenemenfs, heredifumenls and appurle-
11A?Ife!]]I~~hernfo belonging, an?! the rents, issuer and projifs therPOj, unto the mortgagee, in jee simple.
7l~ the mortgagor fovenanta ?t~ilh the mortpagee Ihal the mortgagor is indrjeasibly seized of said
land in jee simple: that the mortgagor has good right and lawful nuthority to fonuey sai<t land as ajore-
said: that the mortgagor will make such further assurances to perfect the jee simple title to said land in the
mortgagee as may reasonably bs required; that the mortgagor hereby fully warrants the title to said land
and will defend the same against the lawful claims of all persons whomsoever: and that avid land is free
and clear of all encumbrances EXCEPT TAXES ACCRUING SUBSEDUENT TO DECEMBER 31, 1979.
i'OU~ded ~tways, that ij said mortgagor shall pay unto said mortgageR the certain pro?ni,-
sory note hereinafter substantially rnpied or identified, to-wit:
$ 13,000.00 Fort Pierce, Florida April 28, 130
FOR VALUE RECEIVED. the undersigned, jointly and severally, promise to pay to the order of
FLORIDA BANK AT FORT PIERCE
THIRTEEN THOUSAND AND NO/100 (~13.000.00)--------------------------------------BOLLAR3,
at 501 Orange Avenue, Ft. Pierce, Florida 33450 or such other place as
the holder hereof may desib?nate in writing, together with interest from date at the rate of prime + 1% s
per centum per annum, on the unpaid balance until maturity. The said principal and interest shall be
due and payable
In sixty (60) monthly instalments of $209.35 each which shall include interest at
the rate of Prime + 196 s. The first payment to become due May 28, 1980 and a like
sum on the corresponding day of each month thereafter until on the 61st payment a
Balloon payment of approximately $11,619.35 plus accrued interest will be due and
payable on May 28, 1985. -
~ A late a
p yment charge of $10.47 shall be added to each instalment remaining unpaid
! 7 days after its due date, and a like sum shall be added to each such instalment
remaining unpaid 7 days after each succeeding payment date.
* Interest shall be calculated on the actual number of days loan is outstanding -
and shall accrue at 1% 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 maximum lawful interest permitted under the then
applicable laws of the State of Florida. Prime is 19.5096 on this date.
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If default be made for 30 days in the payment of any installment of principal or interest or
any part thereof, the whole sum 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 name in the event oij ~ubsequent default. After maturity both- principal and accur-
ed interest shall bear interest atprime + pdr 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-
ity and the same is placed with an attorney for collection, the makers and endorsers hereof agree to pay 3
all costs of collection, including all court costa and reasonable attorney fees.
Documentary Stamps and Intangible Tax ~ -
• (SEAL)
Receipt has been paid with the proper stamp G E. Felix
and receipt and affixed to the Mortgage e x (SEAL)
secured hereby. ~ ~~AL) t '
trJl~f ~N~ (SEAL)