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s. 3Q,.0~U~.QQ North P~Im..B~a~h..~ ~«d....... i!![aY-..........2~...:...........:......~ w..73. ~t~:~~
iOR W?lt~E RECErvEO M. w~d.r~n.d a~o~s.s w ar ro ~h. o.e« or
Melvin F. Sembler, Fred A. Beshara, Albert L. Dangler and Nicholas Manos
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fM ~ ~.._~i.~tx .ThQusand~
and n~100 ~ _ - .......................~...._....coa~.~ ts.:.. ~~.0.00. 00.
bei^~ PaYSbI~ in lawiul ma»y d Ihs UniMd Sta1~s o~ Ns ~quivai~M. 260U... .4th .Stre.et North. St.
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~t~r.~UU~.~y. '~'.~QX.1~~...sl .~Q4..........__......••...•-....._......._.s~d Pri~cipsl swn to b~ D~rabl~ on IM d~r~s and in th~ amounls specfi~ed bdow, ~o-w~r:
PRtNCIPAL shall be due and payable August 25, 1973.
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? Each mate. and endo.s~. s.ve.~lh wsivas d~ens~!d. ~rorost and irotite d rnsnRihr, na~-vsyn+ent e? r~rotssl ard +~N rr~e'weener?~s n~cess~.y to hotd each ol
E Iham liable ss make~s and endorsers.
- Exh mak~r snd endwser turther agn~s, iantly s~d sevaaYy, to pay aM cosls of cdkd~on. including a rsasonabl~ sMOrn~Y's le~ ~ cass Ihe P~inc~pal o(
- Ihis nWe a any paYment on fM principal or any inf~r~sl thereon is nW pa~d at Ihs respeciiw mstwify thenol. or in cass if becanes mCessarY ro D~~Kf the
[ secu~ity hend, whelher suil be broughl or no1_ _
This nwe and de(erred imerest paymer+ts shall besr iMKest al tl+e rare d......~ ...._......_.p~r c~nt, per u~ 6om msh?itY until paid-
This no1~ is secwed by a......._. ......-.•••.....mortgage d eva+~ date herew~th and is to b~ tonstrwd and enlorced sctwding to 1he laws oi the State d Flonda:
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uke "'~a~0 ~"ev~lopmen~'L"orpor`~'f ion° ~~d ~II fwthw~~~
618 North Federal Hi hwa BY~ ~s~~+~
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; . - L. M. Taylor, Presi ent
t North._Pa1m..B~ach,...F1or.ida.~3~34II8..~-.--..~ . ~ka~~
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and ahall dulY. Pmmptly aad fullY P~~o~. ~~~'B~. execute, ettect, oompletr, comply w1tD and abi8e Dy each
and avery the stipulatlons, agrcemente. oonditions and covenanta of asid promiswry note snd oi this mortga~s,
then thls mortgage and the estete hereby crested shall c~ase aad be null ana void.
It is understood that each of the words, •'note," ..mortgagor" and "mongagee•• respectively uW the pron-
ouns teferring thereto, whether in the aingular or plnral anywhen fn thia mortgage. ahall be aingular if one ody
and shaU be plural jointly and severally, ii more than ona, and shall be meaculine, teminine aad/or neuter. wher-,
ever the cont,e~ct so implles or admits.
~ -And ~ aaid . Mortgagor for himself and his heirs, legal representsUves. auccessors and aasigos, hereby coven-
aats ana agrees to 4pd with said 3[ortgagea his legal tepreaentstiues. auccessoa aad.assign~:
L To pay W and aiagular the principal and intereit and the vuious and s~ndry sums ot a?oney paqsble Dr
virtue oi taid promiawry note. aad thia uwrtgage. each and ev~9. PmmpUy on the dsya resPectively the ~
severally becoma due. .
Z. To pay a11 and sin8ulsr the tase~, assesameats. levies. W~bllltfes„ obligations and incumbranoe~ of eves~
nsture aad kind now on said described properiy, ana/or that hereatter may be Imposed. suftered, placed. levied
or asaeaeed Wenupon, and/or that hereaiter may be levied or agsessed upon this mortg~ge aad/or tha indebted-
ness secured heraby~ each and every, when due and paysble acoording to lar?. betore they become delinquent~
aad before aay interest sttaches or aay penulty 1s incurred; and in ~o far as any thereoi ia of reoord the ua~
ahall be pmmptly eatlstiM snd dfscharged of mord and the original otfidal document Iwch a~. tor Iiutauce. ~
the tax nceipt or the aaUsfaction paper officially eador~ed or certltied) ~hall be placed !n the handi ot said ~
Mortgagee wlthln ten days next after payment; aad in the event that any thereot is not w paid, aatlsfied and
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