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~o ~iaut and to ~toid Ih~ same, toyel{~er wilh iti~ Is~ Ihenfs. tiere~ifumenls an~ oppurfe-
?~anc•es t~ierefu be~ungfnc~. nn~ Itie rnnfs. issues an~ ~r~~b f~e?.~j, _unfo I~s morfgaqee. in jre simp~p.
f~e morlgn~jor coi~rnanfs u~if~~ fhe niorfgugee Itia! ttiv mwfga~7or is indrJ~,:~b[y sPisc~ o( :aid
~nnc~ in fee simp~e: that the moriga8w hos pooc~ ?igtit and ~aw~u~ nuftiorify lo conver tni~ ~an~ as o~ore-
saie~: !{~ai 1{~e martgagor u~tll make suc~ jurttier aasurancea lo pei~ec! ihe ~ee iimp~e fills to sairr ~nnd tn f~r
m•ulgagee as may reosonubly !?e requi?ed: t6nt !he mortgago? ke~e6y (ully u~anants tl~e lille to said Iand
nnd u~Id~ d~/cnil ihe sume against tl~e ~awjur clainu oj a~1 pe~sons u~l~omsoever; and lhct anid ~ond is jree
and clear of nlI enc umbmnces
. . ~ .
~rou~ded ~lways, thnt iJ said mortgagor sl~all pay unfo said~nwrtgaget ttie certnin promis-
aory note F~eretna~ter su~slnntiu~~y copiecr or idenlijiec~, to-wit:
NOTE
FLORIDA AIRCRA~T FEDERAL CREDI'T UNION ~
.
Clock No.____________.________ ~
S___8,~000.00 July 25th 74
19-----
For value received, 1/WE join'ly and severally, promise to pay to Ftorida Aircraft Fede~al Credit Union, or orde~ the sum of
E IGFIT TFIOUSAND - ~ a~
N~ ----/100 dolla~s
' witn interest on unpaid balance at the rate of __9~_____._____ per arxtia ~,~payable in 120_____.._ ~nthly installments of
~ O~jE HUNDRED pNE
' - and ______35/100 dollars
~ inciuding interest; the first paymsnt so be made on September 16th 1974 and a like amount :
~ every mo~th thereafter until the f~Il amount has been paid.
col~a;arai:___.___This _ note___is_secured by a first r.iortgage of even date
!n case af ~ny difi.,7i :n peymrnts as here~n a~reed the er~tiro bsl~nce of this note sh~A becorn~ imn+e~~1t1.~ dw and payabl~. af th~ option of the holder.
ca:h psrty ro this note, whether as maker, endor:cr or guux.tor teverally w~ives preaenfineett for psym~nf, dem~i, protat ~nd r.otiu of Qwtes! a~d dif-
F~ne: o~ a!u ssme.
!t is fur!her agreed by each psrty hereto, that En case paymenfs shall tat be msd~ at mahxity, M ahall pay rea~onabl~ aosb of colkctan, includ:ng res~af-
e~le a:tor:,ey i fee, but such ch~rges in no evenr to be kss than f10.
~ I:V'c, ine ~ndersigned do hereby p!ed~e a!1 pa~d sharea u?~ payments on shxes which 1/WE, h~ve now w he?e~frrr mar haw ~n thia Ged~t Union aa secur-
~ f3~ th~s loan and do further pl.dge, assgn, transfer snd set over any aaiarief and/or cw~vnisiions from ltnited /?ircr~h Corporsfion, Pran and Whitney
~.;rcr~it Div:s~on, i{ured• Rese~ch and Deveba~n: Center, or wbseqvent empbye~ which have a m~y ~cvue to my/our tredit ~s setwiry for thif bsn; ~nd
rhe r~~:~~i A~rcratt f~drral Ged~~ U~an is here5y avtfiorized to give such not+ce to sa~d employer ~a may be necessry to mak~ this assignment operative.
T: s p"?d3e ar+d ass:ynmcnt is grven to secure the payment of tF~~s ban and interest snd oostt that may scuw thereon, and 1/VYF, he~eby authorite tM
T: e~s~.er to app~y any or all such pa~~ shares and paymenn on sharp ro tM paym~nt of si~d ban ~nd interest co~1a.
I.'W` here3y tgree that the Fl~ids Ai-~lah Federal Cted~t Union may al{ow shsre withdrawals by ~ny puties h~eto ~t ib d'iswtion.
I/ LY s ackwowled~ notics that tM Crdit Union prwid~s, wbjett to normst poliey p~orisions, a r~sximum of 55,000.00 in d~sth and pKrnsMnt
c!~sab~t~ty ~ensfits to any ons endi.idual r~gardl~ss ef tM oumb~~ of loans inroMd. 1 furtM? ayn~ that tfi~ Crsdit Union hss tFa ripht to spply any -
~nsu.ance proc~sds to my aocounts in whatsre? mannsi it may choo~ skould my total ind~btimss ~xoMd 55,000.00 st t?N tirn~ of my d~ad~ or
d~sabil~tr. 1 furtbsr und~rstand thae :!r o„~nt mw~ than t!we ~xists appiieation of inswane~ proe»ds wiH b~ mad~ in th~ mannr dMm~d to b~ in
the best intersst of aswrinp wds~ly liquidation of all iwos.
I c is unders*.ood and aprsed by and b~tvrNn th~ makN, to~nak~r, snd Ftwida A'acraft F~~at Cndit Union tfiat rndit tif~ inswant~, as povid~d by
che F io.~da Airrnft Fedsral Gedit Unioo, ~s prorid~d at tM ~:p«+s~ of and soldy at tM di~tr~tion of tM u~dit union and that it may b~ t~rminatd
by the c~edit union without turth~r reotite to {ou.
S~gnature of P1!aker and Comakers
~ COLIN M. HOLMES (SEAL)
o_in
~ `--i~ BEVERLY W. HOLMES •
BeVe l~i--W-: --FiZSI;in~s------------ (Seal)
"Florida documentary stamps required Cy law in the
si' JOHN /VAi~T_ BLO~S (Seal) amaunt of a_~? -40___ are aifixed to monthly
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=;i' ~IIRGIN~c VAN BLOIS journal and caroce:l*d:'
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