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~o ~aue and to ~{old if~e sanie, logel~~er with the tenemenft. ~eredifaments and Qppurte-
nnnces ihereto ~~elo~iginfl, ancl fl~e ~ents, issues an~ pro~ils fhe?eo~, unfo t~e mortgaget. In ~ee semple.
Ilie morlgagor i•oi~enants witl~ the rnortgagee Ihat Ihe mo~tgago~ is int~ejew~bly seizecr o~ snic~
~ land in /ee simple; that the mortgagor has good rigl~t und lnw)ul authority to convey ~nid land m ajo?~e-
saicl; tftat the martgagor u~i~~ make such f urfher wsw~nncei to p~~lct ttie f
te timp~(t iit~e to said ~and in !he
r?torl~a~tee as moy ~onn6ly be required: ~hat the mo~Aago~ fi..~by= fally wnrrants flee title to said land
and u~il! deje~d the same against the lau~Ju! claims o~ aU persons whomsoevs~:; ond tl~at snid Iand is jree
and clear oJ all encumbrnnces , '
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+ ~V~~ iilw~s~ thnt if saicl mortgagor ahnll pay unfo said mortgugee the ce~tatn promis- ~
~ sory note hereina(ter substan[ial~y copied or identi~iec~, to-wif: ;
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PROMISSORY NOTE i~
~ 38,122. 79 ~orida S~ptemb~]C 8~ 19 ~2
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FOR VALUE RECEIVED the undersigned, jointty and severally~ promise to PAY TO THE ORDER OF ~
GEORGE A. ~ItdON, TYVstee
The principal sum of T~rty Eight Thousand One I~indred Z~enty-Rt~ and 79/100---Dollars
38 • 122• ~9 ) together with the interest thereon from date
at the rate of severi percent per annum until maturity~ all payable in lawful money of the United States of America.
as follows:
The principal sum of $7,624.55, plus accrued interest, on the 8th day of
septesnber, 1973, and a like amount, plus accn~ed inter~st, on the 8th day o£
each and every Se~ptember thereafter until the entire principal obligation i
hereof has beeri fully pafd and satfsfied. This Note may be prepaid in whole
,
or in part at anytime without penalty or bonus. ~
~
The payee hereof ahall bo!c sole~ to~ the lands encumbe=ed by the Pu~cchase Mbney ~
t~ortgage securing this Prami.ssory Note and in the event of default, there ~
shall be no personal liability on the part of the signor hereof.
All payments shall apply first to accrued interest, and the remainder, if any. io reduction of principai. If any installment of principal or
~ i~terest is not paid when due, or upon any default in the performance of any of the covenants or agreements of this note, or of any tF
instrument now or hereafter evidencing or securing this note or the obligation represented hereby, the whole indebtedness (including ;
principai and interest) remaining unpaid. shall, at the option of the holder. come " ~ately due, payable and collectible, and while in ;
' default, this note and deferred interest shall bear interest at the rate of percent per annum. ~
Each maker and endorser severally waives demand, protest and notice of maturity, non- a ment or
p y protest and all requirements neces-
sary to hold each of them liable as makers and endorsers. Each maker and endorser further agrees, jointly and severally, to pay all
costs of collection, including reasonable attorney fees in.case the principal of this note or any payment on the principal or any interest
thereon is not paid at the respective maturity thereof, w in case it becomes necessary to protect the security hereof. whether suit be
brought or noG
FRANKLIN INVES'1MENTS, LTD.
./s/ Gerald Frank~in, General Partner i
~ayable at 1177 IIrickell Avenue ~
cs~n
Miami, Florida 33131 • 9~3 n r ~
P r~nar • (Seal)
or such other place as shall be designated by the holder
of this note in writing.
FORM w-as
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80~K ~6 PACi 1V ~
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