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Home My WebLink About2829 ~t ~ W ttia sam~, togefhw ~uifh ths t~n~m~nfs, 1?tr~ditam~nla nnd oppwl~- nancea fherelo 6e~on8tng, and fhe ro~b, issu~~ and pro(!1• fh~?eol. unfo Iti~ mo?t~agt~. tn je~ timp~e. fl?e mo?Igago? covenanta with th• mortga9ot t~at t~~ mortpaaor is ind~j.a,~bly tetz~ oj satd land in (e~ simple; thnt th~ nso~lpagor has good rigl:! a~d law~ul authority to eonusy :ard bnd eu ajorr- so~d:~that. tke mortgagor will ~nak~ auci~ Jurlhe~ as:urances to p~ect t~~ J~ ii~npb tlil~ to said land tn th~ mort9a~ee as moy ~easonnb(y be required; tl~nt the mwtgagw hertby /ully wananb the titl~ to ,~td land ' and u~tU d~j~nd tl~e same against tl~e lawjut clalmt oj all psnona whonuwv~~: ond lhat ~nid land ia fn~ awd ck~ o( a!I eRCUm6nance~ except those certain mortgages heretofore qrant~d to First Federal Savings and Loan Association of Fort Pierc . ~e • n'... ~~(I~~ ~UW~s~ lhat i/ said mo?tgago~ shali pay unto satd mwtgage~ the ct~tain prornts- sory note hereinnjter substantially copiec~ or tdenlijfed. to-wit: t MORTGAGE NOTE FORM a~ f s 32, 500.00 . . Orlando .~T~a~ ~ - May 3 ~ 19 ?3 FOR VALUE RECEIVED~ the undenigned~ (joindy and sereraUy. if more than one) pmmises to pay to ECONO-TRAVEL CORPORATION ~ . or order, in the manner hereinafter specified, che prineipat swn ot -------------THIRTY TWO THOUSAND FIVE HUNDRED 8lrid NO /100 DOLLARS ( S 3 2~ 50 0.~with interar from date at the rste o( $ per cent, per aanum on the balance lrom time to time remaiain; uapaid. The said principal and interest shall be a bk ia law(ul money ot the United Stata of Ameria at # 3 Koger Exeeutive Center Norfolk, V1rCJ11118~ alate as may hereatte~ be designated by written ootice from thc holder to the makt~ hereof, on the date and in the manntr [ollowing: The sum of $10,000.00, including inte_est at the aforesa'.Ed rate shall be due and payable on May 14, 1973; the sum of $5,000.00, including interest at the aforesaid rate shall be due and payable on June 3, 1973; the sum of ~5,000.00, including interest at the aforesaid rate shall be due and payable July 3, 1973; the remaining balance of $12,500.00, including interest at the afore- - ~ said rate shall be due and payable on August 3, 1973; provided, however, ; if any principal or intere~t payments remain due and payable hereunder at ~ the time the makers hereof sell and transfer title to the real estate ~ encumbered hereunder to Howard Johnson Company pursuant to a Contract for ~ Sale between the makers and the said Howard Johnson Company~, then and in such event, the makers agree to direct so much of the proceeds of such sale as may be necessary to fully pay and discharge alI swns which may then be due here- ~ under, even if such payment represents anticipatory payment under the terms ~ of the mortgage note. Makers hereof reserve the right to prepay this note in whole or in part at any time without peremium or penalty. ~ - E This note with intcrest u secured by a mortgage on real eitate~ of even date herewith~ made by the maker hereo[ ia favor oi the uid ~ payec, and shall be construed and enforced acrnrding w the laws ot the State of Fbrida. The terms of uid moctgage are bp thu reterence ; made a part hereof. ! IE defsult be made in the payrnent of anr oE the fums or interat mentioned 6erein or in said mortgase, os in the pertormanu of c any ot the agreements oontaintd herein or in said mortgage, then tbe entire principal wm and acu~etd intemt aha11 at tbe option of the ~ holder hercof become at once due and collectibk without notite, time being ~ the es~ence; and said prineipal sum and ucrued intercst ,ha!! both bear interest [rom such time until paid at the highest nce allowabk under the la„rs o( the State o! Florids. Failure to acec~ate ~ this option shaU not constitute a waiver oE tht right W exercise the ume in the event oi any sub~equtnt default, ~ Each person 3iable herton vrhelher maket or endoner~ hereby waives pretentment, proteit, notiu notice of protat a~d notict o[ dis- ~ honor and ayrees to p~y alt costs, including a sea~onabk ~ttornep's fee, whether ~uit be brouaht or not. i~. after maturjtr of this aoee ot de(ault ~ hercunder, os undec swid mortgage, counsel shall be empbrod w oolkct this note or w protect the seeuritr ot uid tnortgase. ~ Wheaever used bercin the urms "holdcr", "maker" and "payee" shs11 be tonstrutd in the singular or plutal as the tonttxt mar rcquire or admit. ~ Makers Addreu ~S/ Kenneth I. VdA COtt, Jr. ~SEALj enneth...~.~---Van~-Cot~~...3r: /s/ Vicki I. Van COtt .........................iSEAL) ~ Suite 205 999 Woodcock Road '~V'ic"ki'~'7: 'Vari"'~ot~"'"""'""'"'"""' ~ ' ~ , Orlando . Florida ~ ~1L~[ . gueon ............................(se~L~ ........................1......... . . _ •x~~••uu1.'vnltirilqtY•••••••••........... -•ricl$~111 irl. l~~l~~ ~r~MPS ATTACHED TO ORic.ItlAp /s/ Ruth G. Ferguson ~ p 213 ~~C7~.!^'TEAND ..g ....................................................~ae~~) . pp~ , ~utb""~ G". Fer" uson , ~ - - - - . _ ~