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l~1e61lI~NT T~DN1A'T[RlO~t4. ACTSO? iNl. ~ : • Y ~ ~ r . . ~
RO~iER rO1TRAS~ C~k CM'ault GOrf! ~ •
o. ~ io~ cu~lis t~A. J~ ` , ~ ' . ; ~ ~ ~ ~ ~ - . : 1,`~,9'~,.1.~r _ ~
, St. Tax C~Nctar :.y - . , - ~ . •
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. ' oL~uT1f CL~I~ ~ . - - . • : ~ . .
: ~ T~iIS INDBIiTt1R8, lt~d~ and ~utered- 3nto this . ~ d~ o! 3e ~eobsr :
E in the Te~ur o! ~ovr Lor~ On~ =hausaud ~iino and Si~cL7- aur, ~ a reaa _
1 BSITS IHV83TI~NT3 I~1C., hereinafter oslied ths Ito~tgagor, Mhioh teret as
~ use~i in everY i~s~snoe ahall inciude Mortgagor's hsirs, e~ceantors, ad~inis-.. ~
tra~ors, euaae4pors, legal representatives end aseigns, snd ~hali deaote
the singular and/or plnral, and the ~asauline and/or feviniaa and natural
~ Snd/or artifiaial persons ~heaever and ~rherever the aonte~ so reqnires ~
- or a~sita, partY of the first part, and QOHTINB~TJIL A33URAN0$ GOMP/l1iY, ~~an
Illinois aorporation, herei.n~after as].led the . Mortgagee, ~hioh tera ae ueed
in erer~ instanae eha11 inalude Mortgagee'a heira, e~ceoutore ad~siniatra-
- tors, suaa~eseors, lega~]. representativea and aeBigns and e~ia].~ denote the
eingular and/or plural sad the masouline and/or feminine snd natural and/or-. `
arti.~'iaial persona ~fienever and wharever the aaatezt so requires or ad~aits, .
~ ~ ~ party of the seaand part;
~ ~ ~ iilITN8338TH t . .
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~81lS, the said ~tertgagor is ~uetl~ iadebte+~ to ~the said Mortgagee
. . in ~he aggregate , sua~ of '1'~i0 MILLION FOnA H~ T80II3111ID ~11D NO/100
-[#2,$OO,OOO.OQ] DOISIIR3,. lartl~l_ ~aoae~ o! the .IInited Statee ot Aserias, !or
iaoney actnally. loaned ~o the l[ortgagor, and Mhiah loaa is evidenaod by a
promisaory .note bearing .even clate ~ herexith, o! ~ich the folloKing, in
xords and rigure~, is a true copy, to-xit s ~ ~
_ ~ ~2,~W0,000.00 Fort Pierae, Florida 3ePtember 1Q 196$ ~
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FOR YAi~tB RBC~ th~ nndereigned lointl? aad ~s~veraliy pron~isss to ~
pay to the order of _ COIR~AL aS C01lR/ll~l, an I1linoi.s aorpora~ioa,.
. the prinaipal swot o! TytO . I~IL~.IGIT ~ SSO~SJ1~iD. l111D li0/~00"1'H3 .
DOLLARS [~2,$00,000.00], together xith. interest therson froa date at the
rate of ~~-3/~ per oent . per a~nnum until matnriL~, said intereat being pay-
~ able monthly on the lirst d~y o! eaah stLd every sonth; both prinaipal and
~ -interest being payable in.lartlil ooney of the United 3tates at the olPices
of Continet~tal Assuranae Ooie~any, 310 3auth 1Kichigan Avenue, ahiaago 4, ~
Illinois, or at auch other plaae as the holder hereo! asy deeigt~ate 3n .
~ nriting. Prinaipe~l 8nd interest payable i.n instsllotents of Fifteen
~ ThauBand 3iac Hundred liiaety-aix and Ko/].OOtha Dollars, [~ig,696.00~ each
~ on the first day of each and every month, begiani~ng ~ the firet day of :
1964, and continuing i~ntil eaid principsi and intereet have .
een pa , e~ccept that the final paynaent of prittoipal and intereet, i! not
8ooner paid, shall be dne oa the first day of November 1987. Sach
~ inet~lltiaent gayment eha].1 be oredlted firet an e eres then dus j and
e the ramainder on prineipal; and intereet shall thereupon ceaoe upon the ~
principal ao credited. . ,
t
; ~ccept as provided herein no prep nts oP any Icind aB~ be sade.
~ ' 1) Partial prepaymeats in ~ul~iples of~1,000.00, but not ia e~ocess o!, ~
~ igatory prinaip~e3. paysents aiay be ~tde during
~ ' ~75,OOO.QO e:alusive ot obl -
; . the third note ter~ year and a~y subsequent no~e ter~ year or yearsj all
E suah partial prepag~sents Mill be applied to~rard the inatal].seats ot prin-
~.~-oipal 18et falling dtte j this privilege is non-ow~lative .(2) On and ~
t atter' be 19'rg the entire prinaipsl balanoe thea remainirig nn-
'~~paid ~ay e prepa d xith a premiwa of 2~ o! the prinoipal auaunt so tea-
dered, aad on and a!'ter November 1 l9?9 the entire priacipal balanaa
~ then remaining unpaid ma~ e prepa xith a pre~tiu~ o! 1~ or the prinaipal .
_ a~auat so tendered. In both aaaee, sacrued intereet, if aay, must also
~ ~ be paid. Privilege ~2j may not be exeraised dnring ar~y note ters year in
rhiah s partisl prepay~ent has been aaade under privilege (1) above. Pre-
paywents say be eiade only on intereet p~rment dates and on~.' sr t~s,rty
~ : days'~ advance ~rittea notice of intention to prepay has been given.
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~ - Baah maker and endoraer eeverally rai~es'demand, pratest~and notios
; o! waturity, noa-pay~ent or proteet and all requirements neoessary to
~ ~ hold eaah of the~ liable as a~alcere and endoreere . :
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~ _ . a- , g~~ 99 4$~3 .
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