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j' ~o ~laue and to ~lotd ~
Ihe same, to et~ier wtth fhe tenQments. {eerec~ito7~entt anc~ appurle-
~I nances therefo Lelonging, unc{ If~e rnnts, issues anc( pro~ifs ttiereo~, unto fhe mortgagee, in ~ee sineple.
~ ~nd the morlgegor COl~p!!plIIS wilh the mortgagee that the mortgagor is indeJeaai6ly aeized o~ aaid
j! ~anr~ ?n /ee simplP; that fhe mortgagor /~as good right and lawf ul nuthority to convey eaid Innd at uJore-
sai~; Itiaf t{~e morlflagor ini~~ make such ~u?fher assurances fo per~vc! t{ee Jee simple fitle fo saicr ~a~u~ in 1{~e
I' mortqac~ee as may reasona6ly 6e required: tF~at the mortgagor hereby (ully u~arranls the title to aaid land '
and u~ill defend 11~e snme against the law/ul claims o~ nl~ persons wf?omsoeuer; and that aaid Iand is jree
I and clear oJ o1l encumbrunces
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~~Ul~ 7UWA~s~ tbat i) said mortgagor shnli ~y unto said mortgagee the certain promis-
+i iory note hereina~ter substantin~~y copied or icjentlEfad, fo-uitt:
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$ 30 , 8I 3. 25 Fort Pierce. Ftorida, 19~
For value r~eived~ I~ we or either of ua, promise to pay, without deialcation. to tha order of
__~__WAYNf~'- THC~MAS a SLY3~le 31~Lilt
at FxRST FEDERAI, SAVINGS & LOAN ASSOCIATION oF FORT PIERCE in FQrt
Pierce, Florids, the avm o! THIRTY T OU AN Ea~ DOLLAR9
with intereat from date at the rate of Z6 _;b per annum, in m~ • instalmente as followa.
$ 452. 56 on the lst _day of 19 85 ~ and a like aum
on}~j~"cg~~~
e9[~~Qpn ~ (f~~,~i~ u c~~ n7~~j~
ji thereatter~„,~~~y~~~ 1~,~
~h Indalmu~ (ttiR ~1~6t~appl~~f~i]a~?lhi~~f-~ ~-I~I~qt'~5d-Qi~~on tD~ unD~{d lLWJf1~C~fAf7C~~~~~~IJCa~
m~ds la t~ pvaa~nt o! an~ I~waim~nt wbea h th~~ at tDe optlon ot t~ 6ddu. and witAart aa7 othw n di t~ rmlolas
Inp~lmenu ~Aall be dw ~id ya»ble at oaa~. pr1~14~te b ~t~e to pv two or nwer fnqalm~ati at aa~ In~talapt maturitr dat~. b~d
lh4 ~lull not ~ztend th~ qm~ ol maa~rib ot •n~ wbcauent inrtal~~. He(thcr tor6earwne~, aoe ~ouptaaw a~ tb~ aol~r 6er~o! ~l4r
~7 ~tault la anf Dafinent Mnon. ~hall b~ d~ead ~~cteedoa.
Eaeh maku. sur~tl and ~ndorsv au~ot. )olntll md Nwrdil. w~lra d~maod. v~~ntm~nt. Drourt •nd notloe o[ Deobit !or noo-
py~ment. Rnd turtL~r aQrew tn an~ aitendon of tim~ ot pwm~nt, •ft~r 6eion or tfter maturlt~, wftbout notfe~ to an7 0[ ~u: and
to pa~ dl eo~t~ o! ooll~etlan. ineludin~ a ra~wnr61~ atlorn~s'~ t« In tA~ ~vent ol anr da[~ult henund~r. and MrabT w+~npr wa(?~ ~Il
Lenetit o[ Aoawtrd a~d eLmptloa ueder tp~ ~on~NWtloa ~nd la~s ot wcA BtaL o! tL~ Ualtrd Bt~4s, a~ a~afnst tlJa a6Ni~tbe ar W ~
~xteniloa or nnew~l herwf.
Witwt t!~ 6aqd and wl ot reb p~rt7. l
Payments at 16x intereat based upon a 15-year amortization schedule,
payable $452.56, principal and interest, per month. The mortgage which
this note secures shall balloon and become due and payable in full
upon the 60th monthly payment (5 years). However, if the Mortgagors
cannot pay the martgage in full upon the 60th payment, and cannot
obtain outside financing, the Mortgagee will refinance the mortgage for
the remaining balanc~ due and owing at 2~ above the prevailing
interest rate in the St. Lucie County, Florida area. Said interest rate
shall in no event exceed the maximum interest rate allowed by law nor
shall it be less than 2~ above the existing mortgage rate o£ 16~. This
mortgage is assignable by the Mortgagors on the terms stated herein
and Mortgagors reserve the right of prepayment without penalty.
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~~K • K ~UL_. (SEAL)
; n01K 468 PaGE ~~Q 1
(SEAL)
ARBARA LE~ CO KE
- fira - 'rM~171w; b~ nf.~.t)
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