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~ ~o ~t~ue and ~o ~1~?1d t~ie same, tof)etl~er w1t~?` fhe'tenemef~M,~•F.etecllfamenii~Aa~ic~ app~uie-
~ nanc~s lli~refo ~~r~onf~i?~{~. anc~ f~~n renls, issues ancl pro(ils t{iereof, unfa 1~~~ ntortganeo. fn feo slmp~e.
~nd i~~c~ morff~agor cov~nartls tuii~~ f~ie morl~a(~ee f~~at thv mott~~~or ts Int~e~easi6~y seizec~ o~ sald
~nnc, in ~~e siml~~r: Iliaf I~~R morlf~n~or ~ias tiootj rT~{~t anc~ ~awlu~ aut~iorily b conuey ~atc~ ~~•ru~ as a~ore-
saicr; t~~at I~~e morf~a~lor «~~11 ~ti~ka s{~c~ fu~t~ter assuran~es !o perJect Ihe ~ee simp~? flt~e fo saic~ ~anc~ in thR
morlf~u~c~~ as mny nasonaLly be rec~utrer~: t~at~l~~e morign~~or herc~~y ~u~jy wnrrants i~ie Illje !o salc~ jane~
~nd cuill dej~nrl 1?~e same a~taInst fhe luwf u~ clninzs o) ul~ persons tuhomaoeve~; nnd Il?a! Jaicl land ts )ree
and clear o~ all encumhr~nces OtheY' than a first rrortgac~e held by Gitizens Federal
Savings and I~n ~ssa^iation of St. Lucie Cot~ty. ' ~
PRaVIDED AZWAYS ti?at if said irnrtgagor shall pax w'?t~o sai.cl mor.tgagee thP ~
i
oertain proraissory not~e hereafY~er substantially oopied or identified, tn-wit: .
~ INSTALLMENT NOTE
_ $150,000.00 Fort Pierce, Florida, riay.~_, 1982. `
For value received, we, jointly and severally,.as princip~l ~ .
promise to pay without defalcation to the order of GEORGE C. A~XLOF
at the ~~~~=of said payee in Fort Pierce, Florida, the sum of
R~~z; ~ervcw .
ONE HUNDREa~FIFTY THOUSAND AND NO/100---------------------DOLLARS
with interest from date at the rate of `~welve per cent (12~)'per
annum, in yearly ~nstailments, payable as follows, to-wit: ~
- Seve~ty-Five Th~ousand Dollars ($75,OOO.QO) plus interest, on the ~
~~day of May, 1~83, and Seventy-~'ive Thousand Dollars ($75,000.00)
plus inte_rest an the ~8'~ 3ay of May; 198~1. ~ . ~
Each installment first shall b~ app~ied in payment of the
interest and then on the unpaa_d balance of the principal.sum. If
default is made in the payment of any installment_when 3ue, then,
at ~he aption of ttie payee all the remaining installments shall .
become due and payable at ~nce. P~ivilege is given ~o pay two or
mare installments at any time. • .
~ Should it become necessary to collect this note i.hrough an ~
attorney, either ~f us, whether maYer, surety or indorser on this i
note hereby agrees to pay all costs of collection, including a
reascnable attorney's fee.
_ -
The makers, sureties and indUrsers hereof severally wa~ve
presentment, protest and notice of protest iar non-paj~ment of ;
this note and agree that the time of its maturity may be ext~nded
before or after maturity~ar_d do further severally agree to 3ny
r~newal thereof before or after maturity, without notice of tliem.
' ~ . - ~
(SEAL3 ~
F,lexander L. ~7ohnsan, .?r. ~
. ~
~i - ~ (S~AL) ~
Bethany I. Johnson ~
~
~ ~ - - (SEAL) ~
~ Harold Supank . . r
j -
, Si (SEAi,) ~
_ Virginia C. Supank ~
. _ ~
( SEAL)
Donald R. Holmes
6UU~~~ P~E ~ " SEAL -
f ~ )
- Cynthia Sue Holmes -
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