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19l;:), mortgages to the Mortgagee the real property in
St, Lucie County,
Florida desc rib ed as:
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Lots 4, 5, 7, 9, la, 12, 1:3, 14, 15, Hi, 17,
18, 20, 21, 22, 24, 25, 2ti and 29, Block 1;
Lots 2, 4, 5, 6, 7, 8, 9, 10, 11, 12, 1:3, 14,
Hi , 1 7 , 1 8, 2 2 , 2 3, 2 5, 2 6 , 2 7, 2 B , :W , 3 1 ,
:~2 and :~3, Block 2; Lots 1, 2, 3, -1, and 5,
Block 3; Lots 1, 2, :~, 4, 5, 6, 7, 8, 9, 10,
11, 12, 1:~, H and Hi, Block 4; Lots 1,2, 3,
li, 8, 20, 21, 22, 2:~, 2-1, 25, 26,27, Block
5; Lots 3, 12, 20, 2G, 28, :n, :~5, 41 and 52,
Block 6; Lots I, 3, G, 10, 12, 14, 16, 18, 20,
21 and 22 Black 7; Lots 1, 2, :~, 4, and G,
Block 8; and Lots 1, 3, 4, 6, 7, 9 and 10,
Block 9; all according to the Plat of South
Port St. Lucie Subdivision, Unit One, as re-
corded in Plat Book 12, at pages 1 and 2 of
the Public Hecords of St. Luc ie County, Florida;
together with all improvements located thereon
as set forth in Exhibit A attac hed hereto and
together' with the furl,ishings and fixtures fOI'
each type model house as set forth in Exhibit
13 attached hereto.
as security for the payment ()f the pI'omissol'y note of which
the following is ::l. copy:
P RO;\IISSOHY NOTE
$1,228,700.00
1\larch
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For value received, GE~EH^L DI-::VELOPl\lE ~T
COHPOHATION, a Delaware coqxll'ation author'ized to tl'ansal't
business in Florida, the mc~ker, hereby pron,ises to pay tll
INVESTORS SYNDICATE OF A1\lEHICA, INC., a Minnesota
corpol'ation authorized to transact business in Florida, the
payee, or ordel' at such address as payee shall designate
in writing, the pr'incipal sum of Sl, 228, 700.00 with inten~st
from date at the rate of 6'1;) pel' year on the unpaid principal
until paid. The principal and interest shall be paid in :nD
equal monthly inst'3.11ments of $8,805.10 and a final monthly
installment of 87, 737. 2:~, the first installment being clue and
payable un 1\lay 1, 196:~ and subsequent installments being due
and payable on the 1st clay of each n,onth thereafter until
paic! in full.
The makel' may prepay this note only in accord-
ance with the provisions as to prepayment contained in the
l1)ol'tgage of even date which secure:., this note.
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