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30 ~i~re ~nd to ~old Ihe samP, toyrfl~er u~if~ fhr lenemenl•. ~t'?e~rifamrnts ani~ «pp~utr-
i; nancrs 1~iprelo ~rt~~unc~ir~g. an~~ l~~~ rnnis. issues a~~c~ pro~ifs t~~rr.w~. unfo I~~e mo~fgagee. in ~er simp p-
~I ~nd Il~r mu~t~~a4lor i•oi~e~~auts wilh !he mo?t~a~ee ti~at fht mortgago~ is inde~easi6ly seizetl u( said
. ?i a or has ood ~ight and [au~~ul autl~ority to convey said land as o~on- ~ _
~an~~ in (i p simp~P: I~~al 1~~e mo 9 a N ~ {
said: that ~he mo?t~ayor u~ill malee sucF~ ~u?lher nssuroncRS lo perfrct ths jee simple Iiile to said Innd in Ihe ~ i
mo?/f~agec as may reasona6ly bs required: Ihat fhe mortgago? here6y (ully wnrranfs the titlo fo said land ;
aud ~nill deJend !he same agai?ut tl~e law~ul claims ol all penons whomsoever: and tRat said land is jree
o~~d ~I~. oJ ~ll en~umb?ances , except mortgaqe to the P rudential Insurance
Corapany of America from Adama Ranch, Inc. , and Dario Restrepo,
Trustee, dated December 20, 1973 recorded in official records ` ;
book 222, Page 206.
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F~--flRRQa. ~ STATE ~F FLC~RICO~ ~ _
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F SORr in~ 1 ARY;{~=:.;.SjAM~
lA~.~ DOCUMENTARY~_:.;~ Sta:V?c~ ~h> ~
. *:'ARY ~ ,_i , ~ ~E~r.
o? rtEYENUL ~•y=~ ` - i
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i ~~QV~{~ j~WAys~ lhat if saic~ mortgagor stia~~ pny unlo saic~ mortgagee f~e certnin promis-
sory note ~~nreinajler subsfantia~~y copiecr or i~enli~ie~. to-u~it: `
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$775.000 July 1, 1974
As hereinafter stated after date, I, we or either of us. pronaise to
pay to the order of ADAMS RANCH INC., FLORIDA CORPORATION
Seven hundred and s~vent -five thousan3 and nQ/lOQ Do~la_rA ~
for value received, payable at P. O. Box 1030, Fort Pierce, Florida ~
33454 with interest from July 1 at the rate of 7~ p~r cent ,
per annum until paid; interest payable annually on the unpaid princi-
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~ pal balance. i
And each of us whether maker, guarantor or endorser, hereby j
~ severally waives and renounces any and all homestead exemption idahts
we may have under the Constitution or Laws of the State of Flor ,
or any other State, or United States as against this note; and each
further waives demand notice of non-payment and protest, and in event
it becomes necessary to coltect this n~te through an attorney; agree~
' to pay all ~~sts_ of collection, includinq reasonable attorney s fee.
If default is made in any payment when due, then at the option of
the holder, and without any other notice, all the remaininq balance
shall be due and pay3ble at once.
The principal suu~ shall be payable in six (6) annual installment~ of
$77,500 each and a seventh and final installment of $333,250.OO,the
~ first installment being due on the lst day of Jul , 19 5 and continu-
ing thereafter until the whole principal swn name is ully paid.
The within note may be prepaid in whole or in part at any time without .
` penalty. _
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~ s DARIO RESTREPO, TRUSTFF. ;
DARIO RESTREPO, TRUSTEE
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800K PAGf I
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