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543G,~00.00 Staart, Florida, .~arcn r' , ~97~
FOZ VAZ,UE RECEIVEll, tr.e undersigned, jointly and severaily,
PRO~lISE TO PAY to the order of FOUR TREES ASSOCIA~ES, LI~fITED, a Li~it~u
Par~ners:zip, FOUR HUVDRED T%iIRTY TFIOliSA,\D FOUR HUNDRED AiVD NO/100 DOLLA.~
at S~uart, Florida, or such other place as the holder hereof ma1~ desir~:.~.....
in c•rriting, togetner wit:~ interest from date at the rate of five (Si ~er ~
c~:nt~:r.i ~er ann~:m on the unpaid Aalance until maturity. Tne said ~r~nc~~~_ '
a:~<. ~ nteres~ sr,all be dae and nayable in five (5) ecrual annual pa~nc:,~_~ ~
i-2 an~unt of $86,080.Ou; first payment due one (l; year ~rom t;,~ u~.~_ ?
~ co?" . A~ter o:~e (1) year from date ;ereof , t.~e ~+iortgagor shali :.ave
~~~e right to make pal;nents on principal, in whole or in part in adva:~ce
nuturity without penalty. Mortgagor may ~ay to the Mortgagee, for a
~u~l reieas~ oi the purchase money mortgage, according to the following
sc:~edule: In incre.-nents of not lzss than 50 feet (as measureci along
State Highwal AlA) and extending from ocean to river, upon payrient of t:~e
sur,~ of $650.00 per road front foot. Releases shall be contiguous to t:.e
::irst tract released. Said releases shall be given upon recei~t o~ t'r.e
scheduled annual payments and also additional payments made for that
~urpose.
i I~ default be made for ~hir~y (30) days in the payment o~ aay
ins;,alimenL of principai or ~r.te-rest or any part thereof, ~ize w.io~e s~:r,.
! t:zen remaining unpaid with interest shall at nolder's bption become ::~e
i d:.d ~aya~le W1tf101It riOt:~CE'_. rdl~::~e t0 exe~c~se SL1C1'1 O~tlOTl S;~dii iaGt
; constitute a~aaiver of the rigiit ~o exercise tne sane i:~ the ever.t o~
f su~sequenL de~ault. After :7a~uri~y AOi.il priacipal and accrueG ~nterest
si~ai:. bear interest at five (5} per cer.~.um per annum until pa~d. Ti:e
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! i G~4i~'J and endorsers OZ Lti25 :~tV iurl..li~i WC11Ve demand, no~ice ~1 il~n~
i _~u}r^~ent and ~rotest. If this r.ote is not paid at maturity and t'r.e sa.~r~e
; ~s ~~laced with an attorney for collectio:~, the makers and endorsers hereof
~ agree ~o pay all costs oz coli~ction, including all court costs and
~ reasonable attorney fees.
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~ ~.I.~?: CAI2DENAS M. R. DIELSON
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i Si.i~Lc.Y ~7. . CARDE~tAS
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- . _ :c,t':'~ G~ t~'i~;.~ t:,el2 1S Tl~ ~~:~(~Tl`!.7 ii';c)ll,~y 071 ~:i:^~ TiOt@ I~.Y' a.~ ~L;. OTl ~
•_~n~_~,~ i ~~ed, in ca~e oi cie~ault .:~i~~ :~~~:l;Y'lty 1S tne land de ~cri:,~~: :
- . ~ , .~o ~ai• aa :ti. :~:e::;o~~ , t,:~;<~~neu au~ ti:e c~-~i;ne:~, ."::~f; ' . ~ R
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. ~ .•_~y ~ . an~en~ snall a~ ~Lli . <<.. ~ rernain ~.~ers r.a y w_. ~
- 0 11 li~ ~l~ f~. 2~~;.~::.Gr. .a
~-r. .~_:~u r.o~e ~a mortgage a. d ar,y deiiciency. ;
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