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30 ~ue ~nd to ~otd t1~P same, together with Ihe tenent~nli. hor~ditamonli an~ ap~wle-
?~ances 1{~ereto be~onping, an~ 11~e ~pnfs, issues anc~ projils fi?ereo(, unto 1{~e mortgage~, tn )ee stmple. .
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Ihe mortgogor rnuenanls wifti ftie mo?lgagee lhat the mortgagor ii inde~eaai6ly seizecr of said '
Ian~I in fee simp~e; IRat fhe morfgagor {~aa good rt6ht and lawlu~ autleo?ity fo convey :atd la.~d as a~o?e-
satd: that ~he mo~tflagor u~i~l make such jurlhe~ asswnnces to per~sct tka jee aimple tills to ~atd Iond in tht ;
mort~agee as mny reasona6ly 6e required: tl~al the mortgugor kero6y f ully wwrnnlr the title to aaid land ,
and udll de~end the snrne against 1he law~ul claims of al! penons wkonuoever and tl~at sald Iancl ta f?ee j
and cled~ o~ all encuen6mnces except the lien for 1974 taxes . '
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~ ~QV~~ ~~ys~ Ihat i f snid mortgngor shall pay unto said morlgagee tke certuln promis-
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{ sory nole Eeereinalter substanlia~~y copiet~ or identiJ~etj. to-wit: ~
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' September - ~g~4~,-- - :
~ ~ 493 533 .34 STUART. F~a~a.,
~ FOR VAWE RECEIVEO, tM und~rai~rrd lointh/ a~d s~w?sN • PROMISE TO PAY to tM wdK of
M. R. NELSOI~ , as Trustee-----------------'-"""-"--"'------
Four Hundred Nfne -Three Thousand Five Hundred Thir -Three an 4 1 oo~u?RS.
a~ P. O. Box 598 , Stuart, lorida, o. wa~ wti.. v~.~. n u• ~
he.eof may desi9nan in writin'. toynlwr with ietM~st from dat~ at th~ ~st~ of N~I'1@ pa ~ pK u~nwn ow tM w~p~id bNana until enswrit~?:
The said p~ineipd and i~tN..~ b. a~. wr~ as follows: The ternn of this Note is five (5) years . Principal
' shall be payable in equal annual installments of $98, 706.67 each, plus interest on the unpaid prin-
! cipal, with the first (lst) payment due one (1) year from date hereof . Prepayment of principal
! and/or interest, in whole or in part, may be made without penalty at any time after January 1,
1975. •
~ ~ II datault b1 R+atlt to~ _.~71i_dsYS tn th~ psy~*~t~t ot sny InstsllmN+t of prlncipal or i~terost or any pa~t thttiof, the whW~ sum then ranatning
~ unp3~A w~th ~ntenst sha~~ at hW~r•s option bscome due and payaWe without. notice. Fai1w~ to exercis+ such optfon sha~l ~ot comt+WM a walwr ot th~
r,gnt •o exercis~ the ssme in tha event ot s~sa4uent deiaWt. After maturity both prindPa~ a~d ~causd ~~terKt sha~l bsar ~nterKt a• lu O~ Pa
ana t eusart» is Wsced w~kex~ atto~MY fo colf th o noi~
;h~ ~ ai ~~n. ~~f agrK t~Y~ oosts of t Nctioo. inctt~ tng all court Gostswity
~easonabls sttorMY ~Mf. ~his note is su~ect to a~ o~the terms, condit~ions, prov~sions an~ covenants o~
a certain real property mortgage securinq ERSKINE TRACTIN CO ~s~u
~ the payment hereof and bearing even date BY,
herewith made by the undersigned to M. (SEALI
R. Nelson, as Trustee Attest: ~seAu
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