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Home My WebLink About1088 i ~0 I~AV~ ~~~0~ ~h.:ane. eop.t/~ wtek th. tenen?.ne:. kendtta~nMtr end o,ppwt.- na+ues ihereto 6elon9in~, ancl (I~e ronfs. issues w?d pro/i~~ ikerroJ. n~to ths ?aortga~e~, in ~w :in?pb. ~ the morlbagor c~ovenanb with t/~~ morfgagee lhsi t1~~ morlgagor b inds/c~i6ly sNzed oI said lan~ in ~ee simple: fi~at l~is m~rtgugor ~os go~ rig~t nnd ~awf u~ nutharitp to c~onw~ satd ~and os olo++t- sai~: 11~at the n:orlgagor will ma4e such jurlher auuoances to pt~erf ti~s stn~ple tiile !o said Iand i~ t~it mortgagee as may .~o~ab[r 6e .~qut?~d: that lhe mortgagor h~reby luUy wara~a~b Ike title to sait~ land and will de%nd ti~e same ~ai?ut tFe !nw)uf clui~u oj a!I ~sons whomswver: and Ihaf snid land ia ~n~ a~d clea? oJ a!l encum6rancess p~~~Il ~l ~ j~' ~ji/ ~'1~i~~ ~a~/ ~ except taxea for the year 1966 and that certain real e~tate m~rtgage to Sybil Levita Culverhouse, as Trustee, d~ted Septe~ber 23, 1963, recorded in Official Record Book 72, Page 702, as amended l~srch 17, 1964, Official Record Book 83, pagc: ~47, Public Records of 3t. Luc.ie County, Florida. - ~~~1~ ~IV~ys~ lhat ij said mortgagor shnll pay unto said mortgnges the certnin promis- sa?y note hereinajter substantiaj~y copiec~ or icrenfi~ied. !o-wit: $100~000,00 OCtOber 20, 1966 ~after date~ I~ ~re or either of us prou~se to pay to the Qrder o ~ryers e Insurance ~orparation~ a Virginia corporation~ ONE HUND~;D TH~USAt~ ~'.tti~ NO/100 DOLLaRS~ for value received, payable at Los A~eles, California ~,ri.th in}„Prest :'rom date at the rate of 7.8;6 - per annum until paid; interest payable annually. And each of us iri~et~er maker, guarantor or endorser, hereby severally ~aives and renounces ar~y and all homestead eYecption ri~ts xe may have under the Consti~u- ! tion or LaWS of the StaLe of Flcrida~ or any other State, or United States as ~ agaiast t~:is note; and each fbrther xaives demar,d, notice of non-payment and pro- ~ test, and in event it beco~o~es necessary ta collect this note through an attorney~ agrees to pay all cosir,s a:' collection, includin~ redsonable attorney~s fees. Makers may prepay ar~y portion or all of the prfnci~l l~erein at any t:lae, or from - time to tinie. The entire amount of principal and interest on this note shall be due and payable upon th e sale or refinancing of t~1e propert}~ Khich is security for this note. Except that in the event the proceeds from the sale or refinancing of the property xhich is security for ttds note after oayment of the balance of the ~ principal auaourit then orring on the ffrst mortga~e are not s~f'ficient to pas this note in full; holdsrs~ at maker's option shall accept an unsecared pro~aissory note in an amount not to exceed ~~~Q00.00 ~?.8~ interest per annum, principal and - ir~.erest payable in equal annual instaLnents vver the re~aining ternt ~f this note:. Upon paycrent in full as provided for herein~ (either in cash, ~r. cash and unsecure note pursuar?t to the terms herein~ in the event of the sale or refinancing, as the case may me), holder shall execute any and all dociuaents necessary to release the mortga~;e securing this not~. Should makers prepay any principal at any tirae, or ; from time to time, or should t'~e entir8 amount of this note become due by reason of the sale or refinancin~, makers shall be refunded anp interest prepaid~ but # unearned on the amount of princinal so prepaid. _ ; i ~ . ~ ~ - ~ ' ! ~ . ~ - aooK159 ~ 48$ i _ ~ ~ ~~s~ = ~ ~ _ ~~r. - ~ ~r~ _ F~`Y ~ Ms - .