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M 0 R T G A G 8 ~ .
N
~ T
E .
~ • Fort Pierce,
~ Florida
$85,~QQ.OQ S~pt. ls. , 24,..3,~
.FOR VALUB RECEIVED, the undersigned, 3ointlq and sever-
ally, promise to pay to the.order of FIARINDIA FARMS CORPORATION,
Terminal Drive, Fort Pierce, Florida, .
the principal sum of eighty-five thousand.two hwndred and no/100
dollars ($85,Z00.00) -
Nith interest thereon at the rate of ~g,~„s,$~z per annuw from
date until maturitp, the principal thereof being payable in
thr~ee (3Z annual installments af ter date of
twen.,_,,
tv;
e~ht thousand .
four
hundred dollars ,~plus interest, on the~_day of each
anc~ every ~November beginnftYg with tha i r_t~day of;~~,~z~~,
19
7,~ , both principal and interest being payable in lawful eur- .
rency of the Umited States, at Fo_,,,, rt P
~erce_ _ ~
Florida, or at auch other address as the holder
hereof maq from time to time specify in writing. Intereat sha~l
be paid on the whole balance remaining from time to time unpaid.
Privilege is reserved to the undersigned of making addf-
~ional payments on the rinci al as follows: None in 1974, but in whole
or in par~ at any time ~herea~ter. The undersi~ ed shall have no
.,,~,•~..,..Ql 7; n~i l i tv tin nan• tHi c rntp nr an~• indebtediteSS that IDSV
~i.i.~uu~s. - j - r °.i = - - - - .r ~ -
accrue thereunder, but rather enforcement of the provisions•hereunder
shall be by enforcement of the mortgage given this date to secure the
indebtedness evidenced by this note.
If default be made in the payment of siny installmen~ of
principal or interest as~specified herein, or any part th~ereof,
~ the whole sum then~remaining unpaid, together..with accrued
~ interest, under this note shall become inmQediately due and pap-
able, at the option of the holder, and in case of any such
default the undersigned further agree to pay all costa of col-
lection, including a reasonable attorney's fee, whethex suit be -
brought or not. After matuYi.tq hereof, whether the normal
. maturitq or accelerated maturity as provided herein, both prin-
cipal and accrued interest shall bear interest at the rate of
lOX per annum until paid. .
.
This note ia secured by a nartgage on real estate exe-
cuted by the undersigned concurrently herewith.
Presentment for payment, demand, notice of diehonvr,
proteat and notice of protest are hereby waived by all makers
and endorsers hereof.
G~--v~•~ (SEAL)
Martin Naftai as Trustee with no
personal liability he=eunder.
- (SEAL)
- - -
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