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PROVIDED ALWAYS, that if said Mortgagor s}~all pay unto said Mortgagee the certain Promis-
sory Note hereinafter substantiapy copied or identified, to wit :
S 3,900.00
Fort Pierce, Florida M a r c h 17 t h 19 81
FOR VALUE RECEIVED, the undersigned, jointly and severally, promise to pay to the order of
f.itv nf Fnrt PiPr~P
Dollars,
at F i n a n c e D i r e c t o r C i t v ~ f F n r t P i P r~ or other such place as the holder
hereof may designate in writing without interest as long as the makers tiereof continually make their res-
idenceat 708 North 21st Street
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 Pierce
an amount determined in accordance with the following schedule:
First Year:
Second Year:
Third Year:
Fourth Year:
Fifth Year:
Percent (%) of Grant
100%
80;~~
~%
40%
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 a~ee to pay all oosts of collection, including all court oosts and reasonable
attorney's fees. -
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