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~o ~aue and to ~iold I~~P sam~~. log~~t~~pr ~oil~i 1~~~ I~nemi~nls. ~~Nre~~ifum~~nls aru~ uppiule
~~anrrs I~~~~r~•fu ~~~~~ongin~~. on~~ I~~r r~nls, issu~s an~~ pro~ifs I~iprPO~. unto I~~P morfgagee. in ~PP simp~~.
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~ ~nd 1~~~~ murf}~a~~i~r ro~~~•r~anfs u~il~~ f~u~ morl{~a~ee I~ial Ihe morf(~agor is in~p~eaaib~y seizPt~ o~ saic~
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i~ ~an~~ i~i si?np~r: f~in! 1~~~ morfll~Oor ~~as l~uoc~ ris~{~1 an~~ ~au~ju~ aultiorily fo com~ey aaicl Iantl as ajore-
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~rou~ded ~llways~ f~~ol i~ saic~ mortgagor shall pay unfo saic~ morlgagee ttie cerlain promis- !
sory nofe ~~~r~ina~l~r suE,s/antia~~p i•opii~~l or i~enlijie~. lou+it: - ~
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' S~.'~•~ Fort Werae, florida ~~!-'-~a' 19n ~
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For vslue reaeivsd, 1, we or eithef of us, p+anise M pay without defalcation, to the order of
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the sum of ~ ~D ~ ~ DO~S ?
with interest from date at the rate of ~ 9G per annum, in the manner followin~: {
~2,000.00 rlrr iaf+~sw'~ aa llas+~ ls, 19T~ ~~2~•00 plrs iat~ar~st sst-~a11~ ~
- .!'t~r a.a ..tu fi. .aoa~. .D.u ti. :+~u~t P~ia - '
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` with interest at 96 on the unpaid sums from time to time owing.
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~ (Granhng to the promisor the
~right of prepeyment without pe~alty ~ % interest dtarge-
~ abl t. sLl~ i~tl~ot rI b~ ~t dttiot! p~s~la a~ ~~ltft
, ~~t~'~t .
~ Each instaUment f+rst shall be applied in payment of the inbrest and then on the unpaid balartae of the principal
~ sum. If default is made in the payment of any instaliment when due, then at the option of the holder, and with- !
out any othe~ notioe, all the remaining installments shall be due and payable et once. Privilege is given to pay two
or mae instaliments at any installment maturity date, but tfiis ahall rtot extend the time of maturity of any sub-
sequent installment. Neither forebearance, nor acceptance by the holder hereof after any default in any payment
hereon shall be deemed extension.
Eech maker, wrety and endorser hereof, iointiy and severoily, waives demand, presentmertt, protest and notice of
protest for non-payment and fu~ther agrees to any extension of time of payment, either before or after maturiy,
without notice to any of us; and to pay all o~sts of oollection, induding a reasonable attorne~s fee in the event
of any default hereurxler, and hereby severally waives all benefit of homestead and exemption under the constitu-
tion and laws of each State of the United States, as againat this obligation or any extension or ~enewal hereof.
Witness the hand and seal of each party. ~
' Stamps affixed to reoorded copy•
~ /~1 s.ei a13~.
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~ ;As to reduction and/or remodeling of improvements,
- !The right of approval and consent is reserved to the mortgagee particularly for any
:basic change or remodeling of the premises and thereby any such change sha11 be
~ 'made only by submittin~ to the~mortgagee plans for same and obtaining approval ;
;therefor, Which consent and approval will not be arbitrarily denied.
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~That in the event it shall become apparent , that
i!the liquor license or mortgagees security is in ~eoparc~y, the mortgagee shall have he
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;;right of reasonable inspection of a11 items set out as security above and if the s e
~has not been cured and/or the ~eoparc~y removed with reasonable diligence, the same
f~nay be considered a material breach of the conditions of this mortgage.
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~ooK 1y5 PA~E 8s~
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