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FOR VAIIiE RKEIVEO ~M und~rs~yn~d p.an~ses. ~o psr ro tM ada of ' ; ~
MCM ENTERPRi5E5. INC., a Florida corporation ~
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~h, p„M,pa, w~,r _Twent.y.-eight..thoysand, seven hundred E fourteen E..32/~00 poii,~, ~s Z8• 714.32 i
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Iape~he? wilA inleresl IFt~reon lran daf0. al the ~ate o1 ....~.~ht :(8. O$) annum _.,,,,,;i rt,,,,,,,,Y. t„d ,nleresf i
..................Oa tMl. PM . .
~„9 ~aY~bie . . beginning lpz= p '
a„ ?r:. . . daY ~r .Se .tembe~_,..._1975 _ a„d. . ..annually.. :
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e,ch vear. borh principal and in~erest bemg paYaDls in law(ul nwney o( ttie Unifed States a~ts equivaienl, a~ _ ~
• . . ...sa~d o~~nu wm to be r~ble on iM a~es and in amounts .pea6ed bclow. to•wd: `
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Principa p accru inte and paya le ' ' e(5) e~al a n al payments, beginning
on the day of Septem r, I~ 5 and pay on the (o da of September, each and
every yea thereafter;
- EXCEPT e fi~al payment princi al plus a c ued interest du and payable on the
= day of S ptember, 1979.
Each maicr a~ r:e~errtlY warves demand. pro~es~ a~d nohce af ma~unly, non-payrnenl or p.otesf and aq reQuirem~nls necsssxY fo hold each of
ihrrr I:•b~c a~ n_i~crs in; e:+do•sPrs
_ Each nw~.r an;} en?o•s^r for~he~ ag~ces jo~Mly and severa~~v. ~o Cay alI c~ats o! collechon, includiny a reasonaW~ alforney's (ee in cate Ihe prlnupa~ o~ j
- ~ ti no~~~ ur anr D~ on fh¢ pr~~u;al ur a~y ~nre.est tFereon ~s no? paed a! ~he re:pecr~v~ ma~unrr ~heroof, a in case il becomes necessa~y fo proted th~ ~
titcur~ty hereol. `.h°ther swt be bro:.ght or nol }
Th~s ~ote and dctc::ed ~n:eresl payrnen?s sh~11 b ar mteresl a1 Ihe rare ot.8.r:0....... .....pe+ cenl, per annum from matwitY cM~l paid.
Th~s note ~s securrd br aPU1'. mnXm6rl~C~e ef even date hcrew.rh an~ is fo be construed a~d en(orced according to ~he laws of 1he 51ate of ~to~~d.1
..;io~ defa~l~ the pay~+eni of pnr+c~p31 andio• mleresl due on anY note secu~ed br said !~*.orrg.ye alt nores so secured and remaining unpaid shall (or~h«~~h
t~•ceme dw and paYab~e notwilhs~and~~g the~r fenor
HIDDEN P ES, I~C.~J ;;ed,, ~
B Y ~ /~~~,t~a~ !~/L~--
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~ ichar ~ remley ~'~re ent
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_ Mortgagee agrees that mortgagor is entitled to the release of fifteen (15) ,
acres (or fifteen lots) for the consideration paid at the closing. Mortgagor
may request and obtain this release at anytime~ ~~c~t~tl~a~xe~9c~tR~
RodR~t~#c~5t~i~t~~ficamorths~eo~tin~6txnf~#hoac~o~caprevat~t~c~.~ra1k iQax~o~oEaga~es
~~p~p~gj~~~~~gg. Mortgagee further agrees that it will release additional
contiguous and abutting lots fo~ i25$ of the then balance owed on said lot.
The first release sha11 begin with Lot~l, Block A of the plat
~ and shall be contiguous thereto until ali roads have been
~ paved to county standards.
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and shall duly. prompUy and tully perform, diacharge, e~cecute, effect, complete, comply with snd abide by esch ~
and everv the stipulations, egreementa, cond~tions and covenants of said prom~saory note and oi this mortgage. ~
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then this mortgage and the estate hereby created shall cease and be null and void.
It ia understood that each of the wonle. "note,' "mortgagor" and "mortgagee" respectively and the pron-
ouns reterring thereto, whether in the singular or plural anywhere in thls mortgage. ahall be singular if one oNy
and ~ha11 be plural jointly and severally. if more tAan one, and ahall be maeculine, femintne and/or neuter. wher-
ever the cantext ao implies or admi49. •
Y~ Md said Morigagor for himaelt and his heire, legal representatives, auccessora and a~signe. hereby ooven-
~ anta ana sgrees to and with said Mortgagee. his legal representativea, successors and assigns:
~ l. To pay all and singular the prig~ipat and interest and tFe various and sundry aums ot money psyable by
virtue oi said promisaory note, and this tlAOrtgage. each and every, promptly on the days respecUvely the sam~ ~
eeverally become due.
~ 2. To pay all and singular the taxea, assessments, levies, liabililiea, obligatione and lncumbrances oi every ;
~ nature and kind now on said described property, and/or that hereafter may be lmposed, suftered. placed, levied ?
~ or assesaed thereupon, and/or that hereafter may be levied or assessed upon this mortgage and/or the indebted- ;
~ ness secured hereby, each and every, when due and payable according to lav6, before they become delinquent, 3
~ and betore any interest attaches or any penalty is incurred; and in so far as any thereoi is of record the same
~ shall be- promptly satisfied and discharged of record and the original ofticial document (auch aa, for ins[ance.
~ Lhe tax receipt or the sati9fartion paper of[icially endorsed or certitiedl shall be placed 1n the hands of said
~ Mortgagee within ten days next atter payment; and in the event that any thereof is not so paid, aatL~fied and
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