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~ W ~ !he same, together u~ith ti~e tenements, ?~er+vdileiments and a~pp+.rf~e- ;
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~ I naryces ~hPl'V~O ~!loRging, anc~ t~e rents, i~~ues anc~ pro~its thereo~, unto t~e mo~tgagee, in `ea arimp~e. ' ;
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~ , tl~e mortgngor covenants with~ the mortgages tltat tlte mo~tgagor is incteJ.~ibly ae~zed o( satd ;
! ~ land in JPe e~rtpie: that the rreortgoga~ i?oa good rlght and low;ut autf~orte7r. to conva~? sadd land o, ajw+e- ; .
~ saicr: t~at t~ mo~tgogor uri(E~ mnke such ~urf~er asawahcea to tha lee simp~e dlt~e fo a¢id ~c~nc~ in fhe
~ mortgagee as may~ ~~o,u,bly be required; tliat the mortgngor hereby /ully warrants -t1~e title• !o said land {
I and uwill de%nd t1~e snme against the laurju,l Ci~141115 pf all peraor~.t u~hom~,tpeve~: and that said ~ar?c~ ipr (ree~~.
~ and ~[~ar oJ aU en~um6.~.?~es ezce.pt the tcchnical_ lien of tazes aceruing aub~equ~nt tf '
December 31, 1964. . ` ,
I PROViDED ALWAYS, that if ~aid mort ir shall pa unto ~aid mort ee - '
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the certain promisaory note hereinafter substanti,tlly copied or ideatified, to-w3t: :
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- PROMISSORY NOTE
$53, 500, 00 Fort Pierce, Floriaa '
July 15 , 1955
, FOR VALUE RECEIVED, the undersi~ned promises to ~ay to
` TREFSWEET PRODUCTS GO. , a Califarnia corporation qualified to do ,
~ business in Florida, the sum of FIFTY-THREE THOUSAIvD FIVE
HUNDRFD DOLLARS ($53, 50~. 00), payable in five (5) equal annual
installments commencin~ July 1, 19G6 of EIGHT THOUSAI~D NINE '
~ HUNDRED SIXTE~N DOLLARS and SIX'TY'-SIX CENTS ($8, 91b. 60) and
a final payment of EIGHT TIiOUSR:~'7J NINE HUNDRED SIXTEEN
DOLLARS and SEVENTY CEI~TS ($8, 916. 70) on July 1, 1 ~71 to~ether
with interest at five oer cent (~°,'o) per annum gayable quarterly on
July 1, September 1, January 1 and April 1 of each year. 1~'otwith-
standin~' the foregoing, the undersigned may make partiai prwpayment
of principa~. due under this note on any interest-payin~ date, and may
prepay the entire amount of tnis note and accrued interest thereon at
any time.
Upon the happeninb of any of tl~e follawing events, the holder
may, at its option, forthwith aecelerate maturity, and the unpa~:3 balance
hereof shall therefore irnmediately become due and payable without
demand or notice: (a) failure to make any payment oi interest or prin-
~ cipal on the due date; (b) default in the performance of an3~ oblibation ~
of the undersigned to the holder either under the terms of tnis note or ~
mortgage of even date securing this note; and (c) if the undersigned ~
~ should make a general assignment far the henefit of creditors, or if any
i proceedin~ of any nature under the Federal Bankrup~c;; as ~•rended,
or under any state insalvency statute, }ae commenced by or a~a~nst him. ~
Tnis note is negatia'~le and payable at tne ofiice oi TreeSweet
Products Co. , 1044 East 4th Street, Santa Ana, Califor. nia, or sucn
other place as the holder rnay direct.
~ This note is secured by a mortaa~e on certain property near
Fort Pierce, Florida.
In the evznt that a default occurs hereunder, the undersigned ~
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~ a~~rees to gay all eoliection costs and expenses includino- ~ reaso:~able ~
attorney's fee.
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i ~ IN `NITitiESS WHEREOF, the t~hdersibnecl has set ni5 hand and
I seal the day and year first above written.
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I State of Florida Revenue stamps affixed
( to original note in the amount of ~80. 25
I and cancelled.
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