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PROVIDED ALWAYS, that if said Mortgagor shall pay unto said Mortgagee the certain Promise--
sory Note hereinafter substantially copied or identified, to wit: ~
S 3,000.00 Fort Fierce, Florida Septemher 19 .g~_
FOR VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the order of
City of Fort Pierce
Three Thousand Dollars,
ti Hance 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 803 North 25th Street
Fort Pierce, Florida 33450 s
If the makers or their heirs shall fail to make their residence thereat, or shall transfer the saM
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 (96) of Grant
First Yeaz: 10096
I~ Second Yeaz: 8096
Third Yeaz; 6096
Fourth Year: 'x`16 -
Fifth Yeaz: 2096
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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.
(SEAL)
(SEAL)
(SEAL)
(SEAL)
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