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t0 HJlVE AND TO Iit~1.D fLf sam~ ~~tb~s wlth t~ hn~~ab. Luadit~~h~. aad ap~
I p~ute~c~. na~o th~ said ~o~tqaqee~., ~d cmd aadga~, ja Hs si~op3~,
]~I~ID smd ~tqag~o~ ~oar iM~li ~d ib snccaaors. l~gd rep:es~atat~~a ~d ~a~a, doth coy-
~ Q~ ~U! ~~QaQNSr th P i r 1~wirL ]~Rl =~p~@d@IItQ~li ~ aSil$ad. MO~Q-
~ ~Y ~Yf~~l~ N~i~ Of /md ~ ~II ~6 i11R~: iQ~d ~Ol~JQ$OT bQ111 ~ pOrf/9S Qad
~ill 10 C~O~~ ~a ~ ~ ~ Q1{ QfOiMQld: ~1~ ~t /ifQU ~ ~{il ~O! ~a ~O=l$Q~
gN,~, the i r k,~~, ~Jd ~taNrw aad a~sig~.. at aD times PeacyablT aad quietlY to
~t~as upoa, hold. occupy cmd e~oy sand laadt tLa~t aald la~d is fre~ ~rom ail iacnmbrances: that
eaid Mortqaga~, its succeseora ~d tiaqal rspc~seatatives, w~l maka sucb iurthes arasuraaoes to ~
,
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pe~act the ~ee simple titla to said l~mid in ~d Mottqaqe~~, their b~ 1ega1 rep~tatins
aad a~asigns, as map reasonably be cequirod; ~d tleat smd Mortgaqor do~s hessbY iuDY wcaramt
t6e title to smd laad cmd w~l deiend the same against t1~ lawiul claims of aII ~ w~om~oe~s.
. ~ ~
P80VmID ALWAYS. that if smd Mortgagor, its sncceasors. Ieqal repzeseatati~es or a~signs
shajl pay nato the said Modgaqes...s thP; r l,~qal rep~esentatives or assiqna, fbe oertmia
promis~orp aote~, ~E wLicL t~ followinq in ~vords and fiqL*~ is a {~e to.~
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June l, 1970
$89,000.00 MORTGAGE NOTE Miami, Florida
FOR VALUE RECEIVED, the undersigned promise to pay to the order of RALPH L.
SHART+ETT and JANET R. SHARRETT, his wife, the principal sum of EIGHTY NINF
THOUSAND AND NO/100 ($89,000.00) DOLLARS, toqetYier with interest on the ~.ir,-
paid balance of said principal remaininq from time to time at the rate of 6$
per rnn~un. Payments on principal plus accrued interest shall be made in
equal annual installments of $44,500.00 on principal, the first s ~~h~ ~yment
bainq due- and payable on March 20, 1971 and the final payment on~~~i~[ 20,
1972.~ Said installments shall be payable in lawful currency of the United
States of America at:
Payments of installments shall be credited~first to accrued interest and
the remainder to reduction of principal.
This iadebtedness may be prepaid in whole or in part at any ti.me prior to
maturity and after January 2, 1971 without premium or penalty. .
The maker further aqrees to pay all costs of collection, includinq a reason-
able attorney's fee in case the principal of this note.or any payment on the
priacipal or any interest thereon is not paid at the respective maturity there-
o~, or in case it becomes necessary to protect the security he=eof, whether ~
suit be brocqht or not. -
This note is secured by a purchase moaey.first mortgaqe ~~f even date hese- ~
with and is to be construed and enforced accordinq to the ~aws of the State
of Florida. The payees by the acceptance of this note do hereby covenant and
agree with the maker that the payees or holders of this note from time to
t:.me shall never institute any proceedinqs or actions to enforce personal lia-
bility aqainst the maker for the payment of this note; but the payees or
holders of this note may have such other riqhts as are proviZed for in the
purchase money mortqaqe given to secure same. ~
Upoa default in the payment of principal and/or interest due oa this note,
if said default continues for a perfod of 30 days, the rema.inin~ unpaid
balance of this note shall, at option of payees, become due an3 payable not-
~ithstandinq its tenor.
ATTEST: ~ GENERAL DEVELOPMENT CO:.PO:.ATION
s/ uavia A. Doheny ~ BY:~Freaerick Roach_
Secretary Pres c~ent
, (corporate seal)
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