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PROVIDED ALWAYS, that if said Mortgagor shali pay unto said Mortgagee the certain Promis•
sory Note hereinafter substantially oopied or identi~ed, to wit:
s ~;ooo.oo
Fort Pierce, Florida ~anuary 16, 19 81
FOR VALUE RECEIVED, the undersigned, jointly and severally, promise to gap to the order of
City~of Fort Pierce - ,
Five thousand Dollars,
at Fi nance Di rector Ci t~ of Fort Pi erce or other such place as the~ holder
hereof may designate in writing without interest as long as the makers hereof oontinually make their res-
idence at 907 North 19th Street
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 (5) years of the date hereof, then, there shall be due to the City of Fort Rerce
an amount determined in acoordance with the following schedule:
First Year:
Seoond Year:
Third Yeaz;
Fourth Year:
Fifth Year:
Percent (%) of Grant
10096
809'0
609''0
~~o
20%
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 oosts of collection, including all oourt costs and reasonable
attorney's fees. -
, /~ . (SEAL~
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