HomeMy WebLinkAbout2910 ~~d W~~ the same, to8eth~ w~t~ the tenements. her~itamenta nnd appurfe-
~ancea thareto be~onging. and f~e renta. ~asUea aRd proflb thareof. unto the morfgagee. in ~ee atmp~e.
711~ the nartgagor couenants with fhe mortgagee fhat t~e mortgapor is inde%aai6ly aeized oj aaid
~and in /ee simp~e; !ha! fhe mortgagor has good ~ight and lawju~ authoritq to oonvey aatd land as a~ors-
aaid: tha! tka mortgagor will malre auch /urther assurancea to perf
ect the jee airr~le title to aaid lnnd ~ eke
nwrtgagee as muy reasonably be required: that tbe mortgagor here6y jally warmnts the title !o snid land
and u~iU dejend tl~e same againat the lau~/ul cluims o~ all pe?sons whomsoeue~; and lhat suid Iand is /ree
and cte~r o/ aU encumbroncea except taxes accruing subsequent to December 31,
1967 .
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~IU~1~ ~~5~ thnt iJ said mortgngor shall paq unto said mortgagee the cerlain promis-
sory note hereinajter aubatantiallq cop~ed or identi`iec~, to-wit:
500 000. 00 sTOanr, ~o~aa. ...Dacember 2_. ~68 _
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FOR VALIIE AECEIVED. !1» nnd~:si9aed. 3oiatiT aad N~srallt. PAOMISE TO P.1~lY !o tL~ ordu ol
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FIVE BWiDRBD TSOU8A~1D A~iD ~1_Q~(~Q~-------------------------------- DoLi.ans.
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ai Fj.rtt_ ~Ta.~GDil...BiL~C-$~~.~....11~~f...~~kr...PeARO~1.~A~~-------..os s~uls oth~r plan as the bolder
hereot maT d~siqnat~ ia wsit~ lo~tb~s with inler~s! hom dat~ at !la rat~ oi.--•=~-----•P~s cenlnm per annum on i~ unpaid
balaao~ unlil maturltT. Th~ said prlacipal aad interest shaD M due and palable as foAows: ZA eQ11~1 aAlltial
uccesaive in~talLasnt• of $50,000.00 of ths principal plu~ intere~t th~n duo
I n tha day of each Dscembsr beqinning D~cember 19b9, and coatinuing
' heraafter until fully paid. Tha Maker may prepay any psrt or all ot th~ un
; rincipal befors due ~rithout paym~ent of premfum thesefort p=ovid~d, ho~w~vor,
~ hat no prapayment ahall be made prior to January 1, 1969. 8uch pr~payment,
j f in part, •hall apply to the principal in invoree ord~r of m~aturity.
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If ~tault b~ ~de [er ~
O- _+an is tM W7~At ot aer iwstallesat ot Prlacipd or ieterest ar aw7 P~rt t6ereof. tL~ ~rhole sam t~e~ remai~is[
unpala wit? iotenst a6dl at 6elder~~ optien becoms dw ~ad oafabM ~tt6oat eotiu. Faifure to enardse wc1~ eotioe a6a11 aot constltate ~,~rai~er ot tb~
ris\t to- e~ceeeta~ tLe s~se i~ tl.e ~~mt oE sub~equeat de(anlL Attsr vaturit~ bot6 V~iPd aad acerued tatemt dall 6ear ieterest at ___[7. oer uatue
per i~YY~ otil W~d- Tbe maken awd ead°r+~*s oI t6is note turt6er wai~e dem+nd. sotke ot aos-p~rme~t aed p?otest If ehis aote b aot wiA at
matnrit7 Yd t~~ b P~~d ~t6 an attoru~ tor colleedoa, t6e Mlun wad eeduesers hereot ~ W~1 ~~u CO~~t1O°, ~ludia~ all coart
cosb asd rusoaab4 attorwq (ea.
PROPBRTY MADIAG~MSDIT GROt1B, Z~iC.
(corporate eeal) A Florida corporation,
gy= /s/ William A. Watson cs~Lt
" 1Itlliam~"8~'~TTa£eon; ~~Y~s'-'Pres~dan~'-------
an.u: --~--------------------------------------------------------------------------------------------------------------------ts~r.~
/s/ usan J. Watson
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..~..8u~ n~~J~'~Wafso"'n"~~~~'I~s~~'Se.~...--~-------
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aooK~.74 PA~E2903
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