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PROVIDED ALWAYS, that if said Mortgagor shall pay unto said Mortgagee the certain Promis-
sory Note hereinafter substantially copied or identified, to wit:
sr~00p pp - Fort Pierce, Florida October 19 ~
FOR VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the order of
t.
City of Fort Pierce
Five Thousand------------~----------------------------------- ------------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 rem
idence at 728 Cedar Place
Fort Pierce, Florida 33450
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 of Grant -
First-Year--:. 100%
Second Year: ~ 80%
Third Year: -
Fourth Year: _ 40%
j Fifth Year: 20%
' Upon the transfer or failure to continue to reside in the premises, principal shall bear interest at the
I 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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