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the snm~. tog~tl?K wiih ik~ Itn~m~nts. h~itam~~fs anc~ aPPu?~~~ f
RaRtY~ Ih~io bebneinp. nnd tlw r~nfs. issws and pro~tts !~?~no(. c~nto tl?~ Rwrtgaot~. in alenpG.
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~ tht neorigyor eouenanb wtfi~ II~~ nwrl~aAe~ tha! II
~~o~rpoAa ~t ~Iiwi6ly s~iuc~ oj ,atd
la.~d in j« :i~i~: el4at tl?. ~A~or 1~, ~od ~tvl~t ~d lowj~l nai~at~r eo ~wy ,aid land a, ~/o.•-
snid: t~at t~?e w?ortBa9or ur~u n~a~ ~uc~ jw~~~* °+~w°^~ to P~~ Rh~ f~ stmp~t fit~ to sdd ~ancl in fh~
mo~g~« ~ may r~ea~onabty 6t ncluir+ed: tl~at the n~o?tgagor h.r.by ~ally warra~a eh. tttb eo .atd lnnd
and ~tlt de%nd ~h. snn?e uQalnst th~ lawtul clatms o? pll ~e~so~, whom~o~wr: and thnt sold land b jrw
ant~ clsae~ o/ ai! encumbrancvs • ;
For as long as sr~y pe~rt of the indebtedneae, principe~l or in- ;
tereat, secured by this a~ortgage ahe~ll remain unpe~id, the anortga6ar
e?grees to me?inte?in snd cara for the citrua traea snd crops locsted
or groMn on ths mortg,~ged property according to good husbe~ndry prac-
tices, genere~lly recognized, accepted and in uae for c itrus grovea
locatsd in tha, vicinity of the mortgsged property. P~ilurs to do eo ~
shsll constitute a default under the terms snd provisions hersof snd
mortgsgee sh~e~ll thereupon be entitled ds a mstter of stric~ori~gvs s
~ithout regard to the value or occupe~ncy of the aecurity,
racelver appointed to enter upon and tsks posseasi~ha same ~arthe ~s
collect the rents and profits therefrom and spply
Court a~~ di~t, such raceiver to h~sve all the righta and po~+era
persittad under the laxs of tha Stste of Florida. Ar~y remedY pro-
vided in thie paragraph sl"?e~ll be cumulstive to ar~y and all other
remedies provided herein in ca8e of default.
~~uj~U~~ that tj snid n?ortgoAor sl?nU pa7 uneo satd nwrtgag~e tl~e osrtnin pronnia-
~..•~.7~.
sory nob ~afiu su~lantinUy c~opiet~ or it~~Mifiec~. fo-u~it:
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' PrO~iISSt~P.Y NQTF
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S 19, 880 . 00 Or land o, Fiorida ~°Z 19 71
F4R VALUE RECEI~'~D, the undenigned jaintly and severally pro ise(s) to pay to the order oE
~ ~ ~ ~ ~ .r r r. ~ - INA RE~ McREYNOLDS ~ ~ ~ w ~ ~ ° ~ ~ ~ ~
zc nrlaada, O~a~ge County, Florida, -
or at such place as che holder(s) of thu note may designate in writing the principal sum of NINETEEN
THOUSAND TsIGHT HUNDRED EIGHTY AND 00/lOQ - - - - - - - - - - - - DOLLARS
i together uzth interest theroon from the date hereof at the rate of ? 9G pcx annum
; on the unpaid balance until paid~ p8yable in five (rj~ equal annua.l installments of
'i $3,976.00 each, the first installment to beco~e due and payable on or before
f the lst day of May, 1972, and one installment to become due and payable on
~ or before the same day oP each succeeding year until the whole of said in-
~ debtedness is pafd, plus interest Prom date at the rate of 7~ per annum.
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If default be made in the payment of any installment under this note, and if such default is not made good
..ithin thirty days Prom the date it is due~ the entire principal sum and accrued
interest shall at once become due and payable without notice at the option of ihe holder(s) of this note. Failure bo ;
ezercise tfus option shall not constitute a waiver of the right to exercise the same at a later time for ihe same default
or for any subsequent default In the event of defaulta in the payment of this note, and if the same is placed in the
hands of an attorney at law for collection, the undenigned hereby agree(s) to pay all oosts of collection including
a reasonabte attomey's fee. Presentment, protest and notice are hereby waived. ~
' ~
Attest: PLEASANT ACRES NURSERY,. INC. ~5~,~
~
` Caroi W. Pendleton By Robert F. Pendleton tS~L~
~ Secre ary , ~o~ber~F: en on ~ir`~~i~ ,~t
ti ,
~ E Robert F. Pendleton ~ ~t
~ ( Corporate Seal) o er . en o, ~Fl~' ~
¦*cwTOw co_-owuHpo ($EAL)
Caro . Pen eton, individuall.y
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