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~ ~d to ~old I~~e sam~. fogef{~e? u~if~~ Itie tenemenfs. I~e?e~~ilumw~ls an~~ uppu~ir i
I,, ~o ~iaue ~
i~ IlAfl!'PS 1~?rrelo G~~m~yin{~. an~ I~~w r~nls. issurs au~~ pro~ils I~~ereo~. tu~fo I~~e morfgogee. in Jre simp~e, i
I~ I~~p mu?fga~~u~ fAl'PfIQ?IIS wilti Ihe mo~fgai~ne I~~at Itie morfya~or is indefewsiti~y seiz~ oj saic~ ~
~i ~All(~ 1/1 jPP CII?1~)~P: ~~1Qt ~~IP morfgagor has 9~ h~~~ Qfll' ~QU~~U~ QU~~Ofl~y ~O CO/II~By :a~d la~~d QS ~IjO/!- i
'j SQII~: ~~1(l~ ~~IP morlgagor 1/`I~~ IIIA~P SUC~ ~urfl~er (ISSUfQI1CPS ~O PP~PC~ ~~P ~PP 51111p~Q fille to sai~I Ianc1 It1 +
' o~ort~~o~~~ as may ?rusona6ly ?equired: tl~af t1~e mort9agor here6y jully u~+~ants tl~e Ii1le to said land ~
i~ an~~ u•il! cle(erul fhe same ngainst the lau~(ul c~aims o/ al~ persons whomsoei•er: and ihaf said lanc~ is fre~ ~
~~,d ~l~~. ~I ~ll PIICIlMhM?1CPS except taxes after 1973. i
~ THIS IS A PURCHASE MONEY MORTGAGE. ~
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! ~~QV~~ ~~~s~ Ihat i( said mo?tgagor sha~~ paY unfo said morfgngee !he certain prorinis-
1~ sory nofe {~ereinajler sutistantia~~y copir~ or ic~entiJiec~. fo-u~il: ~ -
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s_ 11, 500. 00 TornntzX~txa~rii~ June 26 197 4
In the nanner hereinafter specified ;
aher date, 1, we or eitF+er of us promise to pay to the onde? -
_ Florence, E_. Eilertson___
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Eleven thousand five hundred and--------------------00/!00
- - - oo~w~s
1031 Marvone Lane, Neptune Beach, Florida 32233, or
for value reteivod, wyable ar '
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_such_other place as the payee say designate in Mriting
- - w~th inrercsr
f~ 7/19/74 at the .~te as _stated below
_ pe? oent per amum until p~id; interest payable - -
Md esch of us whether maker, ~uaraMo~ w endorser, hereby seve~aly waives and rerwunces any and all hanestead exemption ~i~Ms we ensy .
~ f+sve under tfie Consfitution or laws of the Stafe of Fbrid~, or arq other State, or Urtit~d States, ss a~ai?~st this note; and each firthei waives dnnard,
i notice ot rwn-paynwM and wotest, and in the event ir bccwnes necessary ro cnllcct this note thra~h an +ftora~Y. a~ses ro psy ~I owts of oopection,
~ includ~rK reaaor~aWe aftorney's fee.
If defa,It is made in payment when due, then at the option of the holder, ard without any otFiu rwtice, atl the remair~ir~ Dalanoe shall be
due and payable af arce.
The principal debt shall be paid in five equal annual installments of =
s2,300.00 each falling due one, t~+o, three, four snd five yean next ~ .
after date. Interest shall be paid on principal paying dates and sha11
be in addition to the payment of principal. All ~onfes paid shall be
applied first to the payment of accrued interest snd then to the
reduction ~f principai. The privilege of full or partial prepayment
of principal ~ithout premium or penalty is reserved. Thfs promissory
note is secured hy a real estate mortgage of even date and is subject
.to all of the ter~s and conditions stated therein.
~ 17 2_S Florida S.;t^ ~•~^~e~
~'?.~'l11~' ~17C@fl t0 C:: ~i: 3: :3.7tA ~
qac~ti~d. /s/ Robert Theodore
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~ ~ / s~/ ~iary ~f~ieo~dore - ~
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'.~ary -Tfi-e~vre-~-----
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~ ~~RK229 F~~E2923
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