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f~~~ xnm~. b,y~~l~~~•r ~vif~~ 1~~~• lenem~•r~is. he?ec~ifum~~nls tuu~ uppu?f~~
~o ~iaue and to ~iold '
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~uu~r~•s I~~en~fu ~u~~onginry. n?u~ f~~~ rt~nls, issurs cuu~ pru~ils f~~en•uj. unfu I~~p morf{~a{~ee. in JNe simp~~. ~
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;t n 1~~~~ murf}~a~~ur ro~~i•narils wif~~ (~~N morll~a~~~e f~u~l t~~~ morf9aflor is inc~eJeati'i~y seiz~v~ o~ sai~~ ~
Icuul in ~c~~ sirn~?li~: fl~al tl~P mort~agor I~as po«I rif~ht un~l lau~~ul aulhorily to i•onvey saic~ land as afore-
, saicl; tha~ ~1~~ morlg~if~or ioill muke sucl~ Jurtlier assurmu•es to perJPCt Ihe ~ee simple tille to said Iand in Ihe ~
morf~~a~~e~ as moy r~~nsuna~~~y ~~e require~~; Ihat I~~e mortyaQor here~~y ju~~y u~arrpnfs fhe fil~e fo SUI~ IQR~ i
Qflll 11'1~~ (~PfPq(~ ~~IP snmt• aflainsi i{IP ~QU~JU~ f1QtIpS O~ Q~~ ~)P/SOtIJ WhO11130P1•Pr: (Ifll~ ~~tA~ SQI~ ~411~ IS ~fPP
an~~ c~~•ar o~ n~~ eni-umE~mnres @XCeDt tt~?Ce8 i~OY` 197~ t'•n'~ subsecuent ye~:rs. (
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~ ~rouided ~lways, tRat i~ sai~ mortgagor al~aU pay unlo saicr mortgagee the cerfain promis-
~preinajl~r su~~sfnntia~~y copi~t~ or i~enfifiec~, fo-ioif:
~ sory noip
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FRO;%IS30RY \C~T~ ~
."_,^,COO.QO Fort Lauder~t~lo, rlorida -
;~:arch 15, 1975
~ FOR VALUE RECEiVED the undersi`ned promise, ~ointly an~
:=ever~lly, to pay to the order of ;?~~LiER J. KRAUS the aum of ^1,rQ
4 ::c`;;:~A;:?? DOLL~ RS , 000. 00 ) in l~.ti: ~ ul noney of the t~n iteo States
~ r+;;+eric~, to~-ether ~,ith interest thereon at the annual rate of
s '~~~--1:~ and Cne-~?aIf Percent (8~~), p~yable in equal monthly in- _
~ ;;t~~.Ila3ents o~ principal ^nd interest of ~41.00, pay~ble on the 15th • :
~ <<':;~ of e~ ch man~h Ue~~inniny l+nril, 1G75, ~nd continuin~~ until both
~ -,:»neinal and interest have been ~~lly paid. There ahall be no i
' ~~~::al~~ for prepayment in ~~hole or in part at any time. The in- :
~ st~.llments shall be paid at 5301 Bayview Drive, r^ort Iauderd~? e,
~ :lorida, 33308, or at such other place as the hol8er may direct.
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: T:a~h of the undersi~ned, includins- endorser9, severa.lly~
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~ ~~~^ices ~enand, protest, preaentment and notice of m~turi~y, ~is-
;:cr~or, non-payment or proteat. Each of the undorai`ned, includir.;-
~ c~~~or~ers, ~ointly and severally a~ree to pay all costs of collec-
t~ cn, includin~ reasonable ~ttorneys' fees in the eve:~t of nonr^y-
~ ::~~r,~ of principal or in ter~•st, rri~en due or other c' e; a»1 :
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~ If any inatall~ent is not m~de within thirty (3C) days ~
E_ ~.fter it is ~ue, then the entire principal bzlance shall become ~
c?ue r:ithout r,atice at the option o~ the holder, and failure to
e:{ercise such option ahal~ not waive the ri~ht to exercise it in
~`J the event of a sunsequent default.
;his ?romissory 1~ots is secured by a. ;~;ort~a~e Deed. ~
~~3 ccrecloaure of a prior lien ~hall constitute defaUlt. _
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This Promissory .3ote shall be interpreted and enforced '
in accor3ance z•rith the lahs of the 3tate of r^lorida. It is the y
intent o° tbe undersime3, as s,•ell as the party lending the mone3?
= evic:enced hereby, that in no event shall the interest char~ed ~
exceed the hi~hest le~al rate. ~
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T' ~-,2o~~cr "1 ~ ~'L.. ( Seal ) _
Ieonard J. Doyon "
BOOK~3~ PAGE1699 t~-c
( Seal ) =
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_ - Ddlores Doyon ~ s
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