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~t ~ W ~ the sar~e, logetke? witk th~ fen~monti. he~itawu~fs and appurt~- i
nances I~e?e!o 6e~ongIng, and the rents. iasues nnd pro(ifs thtroo`, nnto t~~ mortgapN, in ~at atmp~t. ~
~ ttie mortgugor covenanb tuith tl?e mortgngee t~af tk~ nwrtgagor b ind~~~utib~y ~eized o~ taid }
land in /e~ :irnple: thut the mwtgagor has good r+Igl~t and law/ul authority to convsp said lond m a~on-
snld: t~nt the mortgngor wi~~ rna~e auch ~urt~K asaum~toss to p~?~i~ct i1~s js~ at~npb titb to satd Innd in tf~
mo~egagee as muy ~onabiy 6e .eq~.t.gd: el~ae ehe mo.egapor hueby /~.lly u~w.+ona Ih. etele eo ,atd tand
and wil! deJend tke aane aga~nst tha lawjui dnims o~ aU penona whonuoewr: and tka! sdd lond t: ~~w
and clenr o/ nU ;~ncum6r+nnces
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~s~ that i( said mortgngor slwU pny unto anid niortgagee the certain prom4-
sory note hereinaJter su~tantia~~y copied or identijisd, to-mit:
a 2~400.00 ~ ~ Florida, FebrilaZy ~i970
. ~t. Pierc• Beach Dev~lopm~ t C~. _
~ F r value receivrd the undersigned promises to pay to ~6e order o/ :
c~o Eich~l, 25 weat Flagl~r Strast. Mia~i. Plorida 33130 ~
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the p?incipal sum o/ ~OL1~a~Ld FOtUC ~IIt!]eed ~d 00/100 no?lnrs (t Z~400.00
toXether weth intereJt the~eon /rom date, at the ra~e o/ per cent, per y~~ »ntil moluritr, said enterest
6eing poya6le ~ually nn the lgtb ~ay o/ ~~'~a~ ~
Q each rear; 6otli principal and interest being payable in lau~/ul moneY o/ tht L'nited States or its equicalent, oc
~ i~Qls~• tbOMn ~DOO said principal sum to be poya6lt on the dates and in the amounts ~
~ Q speci/ied below, to-uit: 1
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~ Z Q Febsvary 15, 1971 ;800.00 ~
~ Z~ February 15, 197Z 800.00 ~
~ F l~ebsuuy 15. 197 3 800. 00 ~
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C Sach maker ~nd endoraer sevenll~ waives demaad, protest aad notice of maturit~, non-payment or protest and all requlremenLs neceasary 3
~ to hold eaeh of them Ilable as makees aad endorsen. _
Each maker snd endorser further agreea. Jofntl~ and xvenll~, to pay all costa ot rnllectlon, includlnR a reaaonable sttorncp'a tee tn ease
the prlnclpal o[ thls note or sny payment on the prlnclpal ~ aa~ lnterest thereon ts ~q= paid at the respectlve maturity thereof, or 1n casc it ;
Deeomes necessary to protect the urltr hereot, whether ault be Drou(tht or not.
Thls note and deterred intee~~penta ahall bear intereat at the ntt of per cent, per annum trom metu ty until pald. '
Thls note fs secured bp a mort6age of even date herc~clth end is to be cona ed and [orced accordt~ the lavcs of the S
State of Florida: upon detault 1n the payment of prinrlp~l and:or Intereat due on an~ note sec ed bp 1 Mo e. al tes so secured and
emalntng unpald shall [orthwith beeome dut ~nd ~~able noCw7thstanding thett tenor_ ~ r' :
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