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~o ~ue and to ~told Ihe same, fogefhe~ wi11~ I~e fenementt. hsr~ilonienla and nppwle-
nances I~~ereto ~elonfling, and the renl:, isauea arid pro~ifs f~ereof , uafo Itis moNgagN. 1n le~ tlmp~e.
nl~ f~~e mo-fgugor couenanls wttR fhe mo-tgagee t1~af fhs morfgagor is ~ndsj~,t6ly selzec~ of said
land in Jee s~mple; Ihat fhe morlgagor kas good rlgl~t and Iawjul aulhortly to conus~- ,oid la-~d cu a/on-
said; Iha! the mo~fgago~ u~III make suc~ ~urther asaurancea !o per~ect t1~e (ee iimplt fifle fo sntcl Iand ~n th~
mortgagee aa may reasona6ly 6e -equlred: that tl~e nnoNgagor kere6y jully war-ants il~e tttls to ~atd la,~d
and u~ill deJend the same against t{~e law/ul claims o~ nll persons whomsoeuer; and thae :~td bnd u j-ee
and clear o/ all encumGronces e~wept al valarem real p~r~operty ta~aes for the year 81
and subsequent y~ears, and a first M~rtgage from JOEN S. ~ER, an adult,
to CITIZII~S F~TERAL SAVINGS & IA~] AS90CIATICN ~' SAINP LUCIE ~17f, in
the ariginal principal an~t of $100,000.00, dated the 17th day of Sept~ember,
1979 and re~rded in the Public Reo~rds of Saint Lucie ~ty, Florida i~n
O.R. Boalc 316 at Page 2177. .
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r~V~~ TAW~ys~ Ihat if saicr morlgagor i~a~~ pny unfo soia morlgagq the ctNoin prontis-
sory note tieietnajfer suf~stantia~~y copiec~ or i~entifi~, to-wif:
$40,000.00
P%~trIISSORY NO-I£
~ebruary 10, 1981
Fort Pieroe, Florida
Fbr valu~e reoeived, I, we or either of us, promise tA pay without
defalcation, to the arder of FLORIDA BANIC AT E~ORT PIIIt~E, 501 Orange Avenue,
Pbst Offive Box 3469, Fbrt Pieroe, Flori.da 33454, the stan of Fbrty Zl~ousand,
Dollars ($40,000.00), with interest fran date at the rate of 15.5 peroen~ (15.58),
as follaas: Principal shall be payable in ttu+ee (3) annual payRents of $13,333.33,
upon tl~e 31st day of Jarn~ry, L°82, an~d January 31, 1983, with a final prin-
cigal payc~t of $13,333.34, an the 31st day of Jani~y, 1984. Interest
shal.l be gayable in quarter-annual gayments t~on the first day of MaY. A~x3u~st
and November, the 31st day of Jani~y, of each su~obeedinq year iaitil tl~is Not~e
is fully paid.
Ea~cti installn~ent first shall be applied in p~a~m~ent of the inberest
and then on the ulpaid balance of tl~e principal s~sn. If default is m~de in the
paym~it of ariy installr.~nt wl~ due, and suidi default vontinues 30 days, fi~en
at tl~e option of the holder, and without ather natioe, all the x~a~ining
in~talln~nts shall be due and gayab . Privilege is giv~en to Pre1~Y
this Nat~e in whole or in part a ttyout penalty. Neither fore-
bearance, nor aooeptanae by f, after any default in paynents
shal.l be deemed ext~ansion. t c~arge of $ 0.00 , s1~a11 be
a~cY3ed to each instalL~zt tnpai~l seven (7) da~ter its due date,
and a like s~nn shall be eadi such installment ranaining tnpaid seven
(7) days after each suooeeding payc~nt date.
Ea~ maker, surety and encbrser here~f, jointly and severallY.
waives d~nd, presentznerit, protest and notioe of pratest for nrnpayn~ent and
furth~er agrees to any exte*~sion of time of p~ayn~t, either before or after
maturity, without notiae to any of us; and to pay all ~sts of ~ollection,
including a reasanable attorneys' fee far any and all prooaedings, appellate
or atl~eYwise, in the event of any default hereunder, and here,.}~y severally waives
all benefit of hanestead and ea4e~tion ~cier the vonstitution and laws of
each State of the United States, as against this obligatiQn or any extension
or renewal hereof.
Witr~ess the hand ard seal of each garty.
/s/ Jat-II~1 s. C~~t
JOEIl~I S. CF~It
/s/ 1~~ M. C~t
REiF~ M.
~~K348 PAGf~i: ~ '
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