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~o ~taue and to ~totd I~e sam~, tugel{~er u~ith Ihe'tpn~menls, tiere~itaments and oppurfe
nances t~~ereto h~ on u~. . an~ fhe renfs, issu~s anc~ ro ~is ttiereo , unfo ihe morf a ee, in ee sim ~e_
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~nd Ihe morlgagor covenanls u~ilh the murfgagee Ihat tl~e mortgagor is inclej~~bly seized o~ said
land in )ee simple; Ihat Ihe morlgagor ?~as good right and Iaw(u~ aul{~orily to convey saicl ~and as af
ore-
sai~: Ihaf !he mo?tgagor wi~~ ma~e such Ju~the? assurnrtces to perlpct the ~ee sirriple tttle fo said lancl in fhe
~ mort~a9ee as may reasona6ly 6e required: that Ihe mortgagor I~ereby ~ully wa?rants 11~e title to :a~d land
f and u~ill deJend li~e same againsf !he Iaw~ul claims o~ ull pe?sons whomsoever; and lhat soid laRd is jree
( and ~lea~ o( all encum6rances , excepting taxes for the year 1972 but subject to the ;
afnrpcaid tet"ms, cavenants, agreements, obligations and provisions of said ~
Declaration of Condominium, which Mortgagors in all things, jointly and several'y,~ i
do covenant to Mortgagee faithfully to observe and to perform;
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~rouided ~lways~ ~hat ij snid mortgagor shall pay unto said mortgagee !he certain pwrais-
sory nofe he?einajfer substantin«y copied or iclentiJied, to-wit:
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s 4 , 500.00 sruaar. Florida,~Ar~~!~?R!!{- i9"~3
~ FOR VALU£ RECEIVED, the undersigned, jointlY and u~erally, PROMISE TO PAY fo ihe order oi.AC~Ltd-Ra~. Ine.
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==-=s.==..==~II~U~i...THQjI~SAN~?...F~ HUNA~i.~D.._AND---NQl..10.0 . . noLLaas.
i ~ a~ -....--•--.....or such other pl~c~ as 1he holder
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hereof maY designate in writinq. logelh~r wilh iaterts! irom date a! !h~ :~te oi per eentum per annum on !h~ uapaid ~
balanc~ until maturitY. The aaid prineipal and iateres! shall be due and payablc as follows: •
; $91.25 a month, the first payment being due one month from date~ and
~ continue for each month thereafter until paid. This sum of 591.25 paid
each r,~onth shall first be credited to interest and the ramainder to the '
E principal of this obligation. This note may be prepaid at any time
; without penalty.
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~ f( dr(ai~lt be madr lor 30.. days in tht Dapment ol ~nr inslallme~t ol D~ncipal or inlerest o? anp part thereol, lAe ~rholt •um IAtn remainin~
„npwid ..it6 ir.terest shall ~t holder's option become due and oap~ble rithout aotice. Failure to e:ercise such o0lion shall nN conslitute •~aiver el ths
~ i,i n~ht to e¦nc~.e t6r aaene in the e~tnt of subsequent de(ault_ A(ler maturitr both priocipal aod accrued int~rest s6a11 bear Inte~ess at per centum
~ per annum unl:l paid. The mskers ~nd eedor~ers of t6i• nele (urth~r ~r~fve demand, eotice ol non-parment and prote~l. 11 tAis wott is not PaiA ~t
R,at~~r~ir ~nd tA~ same is placed .~:th ~n •ttorner I~r cellectlea, tb~ auker~ •ad endor~er~ Ae~e~( atree to Pa~ all cost• of cellectiew, iacludins sll corrt
co~1• •nd reuon~bl~ ~iterw~p /ee~.
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