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~0 s~V~ ~ L~ 1W~~ Ihe aame, fogettie~ wifh ths ten~menl~, horec~itamsnfa and appwte-
~rnnces ltiPrnlo be~onging, and ttie renfs, iuues anc~ proJifa fhereof, unto fhs mo?fgngvs, tn ~es ttmp~e.
the morlgago~ cove~unfs with tl~e morfgagee fhat Il~e mo~tgagor is inde(~..t6lr seited oJ aaid
land in Jee simple; that t{ie .mortgagor ha good right artd law~ul autho?ity to c~onuey said [~d a a(ore-
said: 11~a1 the mortgagor wi(~ make sucti ~urther wsu?unees to per(rct f~e (et aimple till~ to sat~I Iand in tI?e
mortgagee as moy reasonably be ?equired: t1~at the mortgagor h~re6r ~ully warrnnts 1he tille to said Iand
and u~il[ de~end the same against the ~awjul claims o/ a~~ penons wl~omsoever; artd that tald Innd L/ree
and ctpa~ o/ a!1 encumbronces except taxes accYV.tng subsequent to December 31, 2973•
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~ ~~V~RLR 7UW~S~ l~nt i~ snid morlgagor ihall pay unto said mortgagee the certnin promis-
~I sory note he~eina~ter su6stantially copied or identi~ied, fo-wit:
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MORTGAGE NOTE
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F~3"~. ~eI'CQ . Florida '
Januazy 11, . ~ 9 7~
FOR VALUE RECEIVED~ the undenigned~ (jointly aad x~•eraliy, if more thao o~e) promises to pay to
FIA~ D. t~RAC~ and ANC~LU'~ J. GRACE, his wiPe f
, or order, in the manner hereiaaftcr specified, '
. IbG w'~jJCI~ jYID Ol S~ ~ap/V~~si~W ~fLW ~/~~N'~N~N~NN~~~M~~~~~~~N~~MMM~~N~Nr /100 DOLLARS
(i6~~~~~0 ) with interat trom date at the nte ot ~ prr ccnt. pcr aanum on the balance irom time to tune remaiaiag uapaid. ~
The uid principal and interat ~hall be paytble ia lawtul money of the United States o[ America at ;
or at such place as may hen•aftrr 6~ desiQnated by wriu~n notice [rom the holdor to the maker hereof~ on ~
i the date and ia the manner tolbwing: z
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P+a4Ymeuts to be made in 120 equ87. aniwal iastallments of ~7k.1~0~ ~
3ncl~ing interest at the ratP of 8~r per anrn~a, pri,vi7.ege oP ~
pr~epqyment is giveu at ar~ytime without peaslty.
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'!'his note with interest is secured by a mortgage on real estate, ot even date hemwith, made by the rr~aker hereof in lavor of the said
payee, snd sh~A be construed and entorced according to the laws o[ the $tat~ of Fbrida. 'The terms of said mortgage are by this refercnce
made a part hercof. ~
I( delaalt be made in the payment o( any of the sums or interest mentioned herein or in said mortqagq or in the pcrformance of
any of the agreements contained herein or in said mortgage, then tbe entire principal sum and acerued intercst shaq at the option o[ the ~
holder hereof become at once due and collectible without notice, time being of the esxnce; and uid principal sum and accrued intercs?. '
~hall both bear intn~st from such time until paid at the hig6est rate albwable under the tarrs of the State of Fbrida. Failure to exercix ~
this option shall not conatitutt a waiver of the right to exercise the same in the event of any subsequent default.
Each person liable hereon whether makcr or endorser, hcrcby waives presentment, protest, noticc, notice oE protest and nopce of di~- i
honor and as~en to pay all cosq, induding a rPasonablc attorney's fee~ whether suit be brought or not, if~ after maturity ot this note or default
hereuader~ or under said mortgage, counul sha11 be empby-ed to colkct this note or to protect the xcurity of said mortgage.
Whenever uxd henin the term~ "hotder", "maEer" and "payee" sha~l be construed in the ~ingular or plural as the context may 5
rrquire or ~dmit. ~
Makei s Address lS,. J_~ii~Q~ Q ~
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JAMF~ 0. OBHOItttE t
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BJCi~ ~~G ~~yA~~.~3?Q~. ~ ELI AZ~i~i V. OBBORtiE
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