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I~ ~o ~iaue and to ~iold t~i~ snme, foget~~e~ wttH !he lenemenls, heredifamenls an~ appurfe-
nanc~s l~~~refo ~~~~an~~inn, nn~~ 1he renls. issues an~~ projils Ihenwl, unto fhe moMgagee. in lee aimpG.
the murfgagor covennnls will~ the morfgagee that ~he mortgago~ is lnde~easi6ly :eized oj said
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C~ j ~an~~ in (ep simp~e: 1{~a! !~e mortgngo~ has good ?i9ht and ~aw~u~ nui~o~tty !o convey :atd b?~d as o~oro-
said: ~h~~ ~he mo~f~a4or u~i1l make such ~urlher assumnces to pe~fpct the /ee iimple ti11e to :oid Iand in fhe
mort~a~~ee as m~y ?easonably 6e requtred: iha~ rhe rno?tgapor 1~ereby (ully wamants Ihe lille !o said land
an~i urill de%nd the same against the law~ul claim: oJ alI penona wkomsoeve~: and tf~at said land ia fre~
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iu+... ...lu, uj u.c r..:-u.:.~-.::... _ _ - -
RELEASE CLAUSE ~
Parcels of property shall be releused from the encumbronce of tfiis Purchase I(lloney Note
ond MoMgage in Five (5) ac~e parcels upon the payment of ;11, 268.00 of principal kr each
; acre ro be ~eleased.
~ AII ~eleased parcels shall run from the East b the West and each released parcel shall be
~ conNguous and releases shell run i~ wch fashion that only the most Eastecly portions shall be
~ released first. -
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~ ~rQV~~ ~Ays~ that if said mortgagor ttia~~ poY unto said mortgagee fhe certain p?o~is-
~ sory notp hereinaJter substantin~ly copiec~ or idenlfftee~, to-wit:
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INSTALLMENT PROMISSORY NOTE
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; 5 338,000.00 Fort Lauderdale, Florida August 7 1Q 4
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For value received, we, the undersigned, do iointly and severally promise to pay in lawfui mo y
of the United States of America, to the ord~r of
O. WAYNE ROLLINS
at Post OfFce Box 647, Atlanro, Georgia 30301 or ot such other place as the holde
of this note shall in writing designate, the principal sum of --------_~_~_______~_____M_~__~_
THREE HUNDRED THIRTY EIGHT THOUSAND -----00/100 DOLLARS, witfi interest thereon
from date ut the ~+ate of Nine (996) p~r centum per annum, ~c,yable and amortiZed,
both principal and interest, as he~ein provided.
j Princip~ I shall be payable in Six (6) annualpa yments; the fnt Five annual payments
~ shall 6e in the cmount of ~56,333.33, and the Sixth (6th) and Fnal payment shall !~e
~ in the amount of s56,333.35. The first payment shal! be due and payable on the 7th day
E of August, 1975, and each subsequent annual payment shall .be due on the same date of
each year thereafter. Intetest shall be due and payable on the some date of each year
that principal is required to be paid hereunder.
Prepayment shall be permitted in whole or in part at any time without penalty.
In the event any installment of principal o~ interest is not paid within 30 days after the same
becomes due, the whole of said aggregate indebtedness hereby evidenced sholl, at the option of the
~ holder hereof, without notice, become due and payable. - ~
~ NOW, should it become necessary to collect this note through an attomey, either of us, whether
~ maker or endorser on this note, agrees to pcy all cost~s of wch collection, including e reasonable at-
p tomey's fee.
4 A11 mckers, endorseR and other persons liable here~n or who hwe ouumed the obligation to pay
this promissory note ("they" hereinafter), do hereby certify, warr~t, agree, consent m~d represent
~ unto the payee and holder of this note that they severally waive presentment, protesfi ond demand,
~ notice of protest, demand and dishonor ~nd notice of nonpayment of this note, and expressly c~gree
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~ that the mcturity of this note, or any payment hereunder, may be extended from time to time without
~ in any woy offecting the liability of the makers, endorsers m~d other perties lieble hereon.
~ Should this note be signed by more than one ma~cer, the singuler shall include the plur+al and al I
~ the obligations herein contained shall be the joint and several obligations of each signer hereof.
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BOOK~.tJU PA6E-1a~V2 (SEAL SEAL
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EDMOND J. HAUCK TRUSTEE _
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