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~o ~uc and to ~iotd the anme, foge!{~e~ wifh fhe fenements. I~~redltamenta and appu?fe- t
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ncnces ftierefo 6e~onging, ancJ the renfs, isaues anc~ profifs fhereo~, unfo fhe morlgagee, in fee aimple. ~
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~!he morlgagor covenants wif~ fhe morlgagee fhat t~e mortgagor is inde(easib~y seizecr o~ saic~
~anc~ in (ee dmp~e: !/~af lf~e morfgagor ~as good rig/~f an~/ ~w~ul authorily fo convey aaici ~and as a~ore-
sald: tl?at tl~~ morlgugor wiI( make such jurlhe~ assurances to pe?~ect t1~e fc~e sirnple e~lle ~o said land in the
' morlgagee pt may recuonably be ?equired; fhat tJte mortgapor hereby Jully u~airanls the lille 1o said land
twc~ w~u efe%nd the sarree egainst ~I~e lau~/ul cinims o/ al! persons whornsoever: and that snid land is Jree
a.ed c~ear o/ all encumb~o?~~ps aubject to taxea accruing subsequent to Dec~xnber 31, 1972 .
(contd. from page 2) ~
of the property and shall not be for any independent commercial purposes. No Sll may f
be removed from that part of the mortgaged premises which lies East of State Road
AlA without written oonsent of the Mortgagee. ~
The holder of the purchase money mortgage agreeg to join in the execution of a plan
or plata of subdivision or declarations of condominium , provided that there shall
always be aecess to property remaining unreleased from the lien and encumbrance
of ths purchase money mortgage .
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~ rouuied ~tways, 1{~at i~ saic~ mortgn{~or shall pay unfo saic~ morlgagee fhe cerlain promis-
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~ sory note hereina(ter su6stanlially copicu~ or identi(ie~, fo-u~it:
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. S 2, 007, 336. 00 PftOMISSORY NOTE Dallas Texas
. July _,Z~
j 1973
FOR VALUE RECEIVED, the undersigned, jointly and severally, PR011'[ISE
TO PAY to the arder of BROWARD NATIONAL BA11TK OF FT. LAUDERDALE, Trustee
Ttvo 1VIiljion, Seven Thousand. Three Hundred Thirty-six and no/lOQ DOLLARS
at s~~-~, or such other place as the holder hereof
may ~2esignate in writing. together with interest from date at the rate of $ ~
,
per annum on the unpaid balance until maturiiy . The said principal and interest
sha12 be due and payable as follows: ~
In five (5) equal annual installments of ~401 ~67.20 each, commencing on the ~,~(o' ~
day of J~, 1974 and continuing on the Y~ day of July each year thereafter until 1
the ~ day of July , 1978, at Rchich ti~ne the entire principal plus accrued interest
shall be due and payable in full. Interest shall be payable semi-annually commencing ~
six (6) months from date and continuing every six months thereafter until entire balance g
of principal plus interest is paid in full. ~
Right of prepayment in full or in part at any time without penalty, is expressly reserved,
except during year of closing, in which ease prepayment may be made in whole, or if
in part, the total of partial payment and cash at closing may not exceed 29$ of total ~
purchase price . ~
This note is secured by a mortgage on real property in St. Lucie County, Florida. s
If default be made for -30- days in the payment of any installment of principal t
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or interest or any part thereof, the whole sum then remaining unpaid with interest ;
shail at holder's option become due and payable without notice. Failure to exercise
such option shall not constitute a waiver of the right to exercise the same in the
event of subsequent default. After maturity both principal and accrued interest
shall bear interest at -10- $ per annum until paid. The makers and endorsers }
~ of this note further waive demand, notice of non-payment and protest. If this note '
is not paid at maturity and the same is placed with an attorney for eollection, the
+ makers and endorsers hereof agree to pay all costs of collection, including all ;
court costs and reasonable attorney fees . ~
THE CARLTON CORPOftATION ~ /
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By: I. C. Deal, individually t~
Attest: 5 (Corp. Seal) ~:'~K~~U f.1CE~J~ '
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