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~n ii~ue and to ~iotd !~e same, togefhe~ wlth !tie le~~mFnis, he~editomenis nnd appurle-
nances Iherefo be~onging, ana the rents, issues and projtf~ thereoj. u~fo tf~s mo?tguge~, in f
ee simp~e.
~ the morlgagor covenants will~ Ihe mo~tgagee ihat the mortgagor ta inde(.a,~6ly seized oj said
Ii~ncl in (ee simple: i1~at !he mortgagor hw good ri9ht and lawjul autho~ity to convs~r sotd !a?~d aa a~ort-
said: that the mortgugo~ u~ill make such (wth~r aasumncss !o pe~ect tl~e (ee almp~s til~ fo taicl Iond 1n tI?~
mo~tga9ee as maY ?~eosona6ly 6e requtred; that Ihe mortgagor he?ebp (ully warrants tke litle fo :~d la.~d
and u~ill deJend ~hp sw~R against the law(ul claims o~ a!! penons whonuoever: and that satd land b jroe
a~d ctear o~ all encumbwnces EXCEPT taxes fo~' 1974 and subsequent years.
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j ~~QV~ ~~5~ ihat ij said mortgagor shall pay unto snid moHgngee the certain promis-
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sory nofe ~iereina(ter sutistantially copied or ic~entijiet~, lo-wif:
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PAOM1880RY NOTE
~g, 000. 00 Fort I..QUC~erd~e. Florida
Ma+~~tt~, leZ~
P'OR VALUE AECEIVED the undec~igned promtot. iointly and setrerally to pay
to the order oi WALTBR J. KRAUB the ~um oi Two Thou~and Dollaro t~Z. 000. 00) in
ls~riul money oi th~ United States oi Americs, toQetber rvlth intec~vt thereon at the amual
rate ot Ti~iit and Ow•bsli Feccent (8-i/1~), payable in equal monthl~ iiutallmente oi
principal snd iatereot of ~41. 00, ps~ble on the ~~daY oi ~acb~ montb be~inniog S4ne.
~ 1974, snd continnina antil both priucipal an tere~t 6ao~ been ~nlly pald. There
ehall be no penalty !or prepayment In whole or in part at any time. The iastallments
shall be paid gt 108 3. E. 8th Av~enue, Fort Lauderd4le, FZorida 31301, or st such ottter
~ pl~?ce aa ths holder may dirae~
~ F.ach of the urxier~igned, including endor~er~, oevsrally ~vaives demaad, pcotest,
° presentment aad notice oi matarity, diahon,or, noa-payment or proteat. Each oi the
uader~ig~ed, including endorseca. iointly aad sevecally a~ree to psy a11 coste oi coltectlon.
iacluding reaaonabl~ attorneys' iees ia the even: oi nonpayment at principal or interest
wlLen due or other dsfanlt.
It any io~tallmeat is aot made within thirty (30) days stter it is due, then the
entire principal balance ohall become due without aatice ~t ths option oi the holder, and
failure to eYerciee ouc6 option shall not ~ratve the right to ezercise it in the event of a
aubwennent datault.
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This promi~socy Note te secured by a Mortgage Deed. Foreclooura of a prior
lien shali constttute default.
Thie Promis~ory Note ahall be interpreted and e~aforced in accordance with the
lawa oi the State oi Florid4. It ie the int+ent oi the undereigned, ae ~vell ae the pacty
leading the moaey evidenced hereby, that in n,o event shall the iatereet chsrgcd escged
the higheet legal rate.
/s/ Christopher C. Nightingal~$EAL)
CHRffiTOPBER C. DTIGH?INGALE r
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/s/ Adeline Tabor Holton ~s~L,~
! ADELINE TAB R HOLT4N
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