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'I'll IS IS A BALLOON ~!ORT(';\(a.:
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hereditaments ane!
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the rc t c)
t h v t'l. 11 t ,; ,
ap p~lrt;.' nance s
h(' 1 :'!l~ i q',
at Ld
issucs ane! profits UH~re:)r, unt":)
the Lnrtgage,', ill
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! l'e
s i !"P L. .
At'lD the mortgag:::>l' c :)venan t s
'.,'1. th till' nUl't t',ill',C". t hil t
t t ~ l. '
rnoctgag::H' is
indefeasibly seized
:)j Sit iel lane! i Ii CPt"
s i I:!) I,. ;
t ::d ~
the Inelrtgage>r has gooe! I' igh t and
LII-'f ul au t ~l~) 1'1. t.~' t. ,)
c~n.~Vt'V S,t!(:
l<md as afocesaid; that
the
mJrtga~;::)r I-.i 11 m,lkv such
t L ~ !. t h (' t,'
ilS -
sur an c est;) per f c c t t Ill' f L' I' Sill, ~ Ie tit] (' t:) S it i d L Ill' ~ it, t! ,l '
m8rtgagee as Inay rcas:mably b,' rcqui.H'd; that the l'\.,!.t~.it::)!. i.'.!"l.ll...'
fully I-'arran t s the
tit If' t :J
dr-fl'Ild t :~\. >;.l:'."o
said
Lmd aIld '..' i l1
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II cll',ainst
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the Ln,'ful claims
'"f all
pcrS:HlS r..:h:)r~~s~ \. \"1.."1'; d ,~ t ~(d'
free ane! clear :)E all.
lane! IS
(' tl C urn h r a r L C (' ~: .
that it"
sa i cl 1'1 C) r t gag :11'
PROY IDED AU!!, YS ,
S~t(lll ;'dY
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:; mortgagee the certa1.n pr~)[nlss:)ry luL,' ![l.!',.itcit!tc'. s,:"st;,..ti:lll.,.
Celpiccl ell' idcntified, L)-'..;iL:
$45,000.00
Port Pierce, Florida
October 17,
1 ,)-) 2
For value received, the undereignad promi.G~ to po)' to the Oro~l. )f
ANZLE B. HEAP, p. o. Dox 1176, Vera Beach, Florida, the f)rinc1;:;;1 :;u.-:~,:~
FORTY FIVE '11{OUSAND AND lW/IOO ($45,000.00) OOT.J.J\RS, t:ith int~r-cl;t fl"Y:l
Jt>ly~, 1962,
..~ at the rate of 9ix p8r cent (6'\) p€;l" nnnOOi on the unpaid bnl:1!lcc Ilnt i 1
paid. n.e said principal and interest t.h."lll be p.nynble at \:he lIbiJV2
addre.. or at such other place 8S the holder may designnte tn ~~ittnb'
esid principal t~ be ?oid in the mBnnQr following:
Repayable ~300.00 per month, including interest llt the rnte of 1,'., ;,e:r
atmlJlD, commcnc1n.g Orne (1) month from date and continuing for A tutnl of
twenty-four (24) t!lOr\tM, at wich time p3ytOOnts shall 1ncrense to !,t.)';.~O
per lIIODtb, including interest at the rote of 6'k per atmW!l, Cb!rlfJenc l.n:~ on
the twenty-filth (25th) oonth after date, and continuiI\b for the next
nir.ety..ix (96) IlIOnth.8. at the end of \-lhicb time the entire reuElining
principal ond interest shall be due and payable.
Tha p.u-t:ie. hereto covenant and agree thot any trannfcn" of th:: ::ll'.J1)-
ert:y encU'llbel"Od by the IOOrtgage tiven in conjlUlction ..lith this note, ~11w 1 t
cauee .aid note to become forthwith due and payable in itG full outstnn('-
ing prin<:ipal and interest balnncc.
The part1ea furtt~r covenant and ag~c that any transfer uf.. ti~ I iujJl'-
ity of the 8t~k from paraons other than V.meat Eden, :mct/o!' Jn~t."'1 :. ! 'iW lil,
and/or Norvel A. Brown, Jr., lIhall likewise a.rreelleratc tlJ.3 cntire:. Gut-
.tanding principal and intere6Jt, 00 th!1t the 8lU!lC sholl bcCtY~ ft)i.th~li.t:,
due oM paysble.
If defo\.olt be made in ony il)Otall.mont under tt.is r.ute and if Lln.., ~;uch
default 1. not m&de good ut.thin &0 doys of the date Qf Gaid default'- the
.ntlre principal 8... end accrued interest shall at once oocome dUi? And'
paynble without notice at the option of the holder of thi~ note. FElllm--c
to eXfilrci.. this option ohall not constitute a uaivel' of the. d.ght to 8);-
erei.. tba .._ in the event: Qf any Gub8Qquent default. In t~,r.~nt of
default in the paymant of this note and if the aaoe in colleoh.d hy. .....-
attorney ot law the undertJf..gned hereby agree to Pl\Y all costl) ;oi 'C.6'L'.0~~
t10n including a reosonable attorney'o fee.:'.," .
Prepayment uithout ~nalty is hereby granted. .. .....:.
p re...tr.ent and prutc ot and nut ice are here by \:(1 i "v"'ed ~ [ . :.
" ',~ .
Documentary stamps affixed to
original and cancelled out.
( (! oR-'-'\ 1
MI-ADS, INC. a F~od.(H~ ..C?l'r:or:~tion
I!y W G.llHi. 7> ;, 1 .,'....
f~ rc s 1dent
Attest I tj.! \\'(}l'_ .(tf G. ,~~:..(\ l ).~" '
Secrettlr
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