HomeMy WebLinkAbout0038 7/ ~~~~~!1a aa~w: to~fi~~r wltti, f1N t~Mb. ~1rdlt~n~b and ry?pwl~-
~an~n ~6«wo 6.b.wtrw. .nd tl~. nMt. ww, .~d poJ~v e~?.~ol.: w~eo ~A~ w~oe1~... !n .tmpl..
~ fl~e w~wl~egw c~ow~anb urlth fIa warlpa~ Ilwt II~ ~wortp~ 1t tn~I~/.o.iblr ,.rL.d ol ,~d
lo.~d ~ j« .t~: fl~al tI~ morlpdbor I~w poocl Mpl~f a?~ Iawf
uI aul~orlty lo ~o.~r ,~ed la~d aa
,a~d: fl~at tks n~w~tgagor wtU nala s~ j~l~.. ~+,,,~e~, eo PerJ.ce ~I~. (.e ,i~l. eiel. ~o ,.td l.nd t~ el~.
~wt~oo.. ~y ~o?wb[y be ~+.qa?.d: ~I~ot eh. more~ ?~.ro6y /~.lly wo,+~~a ~b. ueT. io .a~d la~d
and wtR d~/~nd tl~e uune aeninsl the law/u! clatwu o~ all pe?sona who~wwr: ond ths! aaid Isnd ~b irw
and r~eor o~ aU encwn~irancw . .
Thi~ is a purchass money mortqsqs and the mortqaqse sqrsss
to rslease fi-cta the lisn h~reot lraa tine to ti~ae at-the requ~st
of th~ ~ortqaqor, it• Buoce~~ors sr a~siqns, tract• o~ not les• .
than ten (10) acres each upor pay~aant to th• mortqaqee, it• ~uc-
cessors or aeeiqns, of an amount equal to $1,375.00 for sach acre
relaased, rrhich payawnt sha~l be in~ addition to .othsr paymsnts
requirs~ by tha m~rtqaqe note heraafter describedt p~.'ovided th~
ffrst tract ~o rel~ased ehall be continguous to the boundary,of
the vortqaqed praperty and~any additional property_relaased ahall
bs continquous ta~tracts previously relea~ed.
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~~~7r1AY[Il T11W~s~ t1~at il said mortgugor sha~~ pny unto said mortgagee the certain promu-
sory note ~ereina~ler su6stantin~~y copie~ or idenfifie~, fo-wit:
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596 400.00 PROMISSORY NOTE
~ ~ - St. Augustine, ~47[. Florida T"~7~ 22 , 191~
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FOR VALUE RECEIVED ~the undersigned. ypepti~x~ts~poS~ promise to PAY TO THE ORDER OF ~
HANK OF PALM BEACH AL~ID TRUST COMPANY~ AS TRUSTEE
The principal sum of Rive Hundred Ninety Six Thousand, Rour Hundred Dollars
596,400.00 ) together with the interest thereon from date hereof~
at the rate of 6 percent per annum until maturity~ alt payable in lawful money of the United States of America.
as follows:
The principal sum shall be paid in eeven (7) equal annual payments of
$ 85,200.00 which shall be due and payable on or before the 22nd day of suly
in each of the years 19~1 through 1977 inclusive.
Ynterest at the rate of 696 per annum ahall be paid on each annual principal
payment date computed on the unpaid principal balance.
~ The privilege is re~erved to prepay the indQbtednesa in whole or in parc
= wi~ ;vu~. gr,~Yi~~.j ~~s 3T~y~ ~nr.:ial p3;^.!to12t !~~te.
F _
, 7~~CR~l4~k~II~C]41~C~0i~~4[pE~t~bXO(~C76~m{4~l0 If any instaliment of principa! or
interest is not paid when due. or upon any default in the pe~formance of any of the covenants or agreements of this. aote, or oi any
, instrument now ~ or hereafter evidencing or securing this note or the obligation represented hereby, the whote indebted~ess (includin~
principat and interest) remaining unpaid, shall, at the option of the holder, become immediately due. payable and collectib'.e, and whiie ~n
~ default. this note and deferred i~terest shall bear interest at the rate of s~ percent per annum.
! Each maker and endorser severally waives demand, protest and notice of maturity. non-payment or protest and all ray~irements necss-
' sary to ho{d each of ihem liable as makers and end~rsers. Each maker and endorser further agrees, jointly and sEVeralhj, to t ay stl
' costs oi collection. includ~ng reasonable attorney fees in case the principal of this note or any payment on the prir.~ipal or ~ny :nterest
thereon is not paid at the respective maturity thereof, o~ in case it becomes necessary to protect the security heroot, whether suit bs -
brought or noL ' ~ .
FLORTDA EAST COAST RAILt~TAY COMPA:JY
Bank of Palm Beach and -
Payabie at _ Trust Company ~ ~~~ap .
Palm Beach, Florida ' Attest: ~r -y+ ~/;~~~~?,~~7~` / rsea~)
or such other place as shall be designated by the holder $gCrgtg~
M this note in writing.
FORN A-i~ . -
. .~p~a:_-s~a-+:~s "7~IpP~`s t
~ - BUOK~~ PAGE ~ .
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