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I ~`0 f~e sarnp. togPther wifh !hs ten~nNnl~, htrtdila~~nta artt~ appwf~-
nanrps IhPrnfo bp~onging, and the rents, isa~iei and pro(lls Ihereo~, uMo Ike morfgng~e. tn lee tiMp~e.
Z11111 fRe mortgapor covenanls wil~ tha mo?fgagee iha~ ~h. mo?fgagor li indsfeaaib~y seissd o~ aaid
land in f~e simple; fhaf the mo?Igago~ l~w good ?ight and lnwJul authority io convey said lond as ojon-
snid: thaf the mortgaqor u~il! make :~h Iurthe~ assurance+s fo per~rct !h! /ss atmpb t1tl~ to said Innd in tk~
mortgagee as may ?en.runa~,Zy ~.v ~uyui~: Itinl tke mwtgagor he?e~y ju~~y war?anla fhe tif~e to intd land
nnd u~ill dp~end tf~e snme ngai~t thr !aw(ul clainu of all penona whomswvar; and that raid land ta jre~
and clear o~ all encum6wnces EXCEPT taXe3 aeeruing subsequent t0
December 31, 1976 .
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~V1~1~ ~lW~s~ ftia! i~ said martgugor al~nll pny unlo snid morlgngee the ce nt p
sory note tiereina(ter :u6ttanlia~~y copied o~ iclentt(ted, to-wif:
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S 127,500.00 _ ' . _ _ ; - - July , - 1977- i '
F W~res. Flaids
_ As hereinafter stated ,ft~, d,~. vw a e~ther of ~•p~om~~ ro wy to ~t,. order of
JAYHAWK GROVES OF FLORIDA, INC., a Florida corporation
One Hundred Ztaent_y-seven Thousand Fiue Hundred & 00/100 °
~
~ ~~i~ wrib~,~ the of f ices of the corporation - 3101• Broadwal ~
Kansas City, Missouri 64111 _ i~t~r~t ~
f~ date .,c the rate o~-1~2 per cent Per annum unnl pa~d; ~~r~~~r ~yabi~___as hereinafter ~ ;
• • • • • , se~~- or~h .
Md exh of us whefher maker. Naranfor w endon~r. hereby sever~ly waives and rerq~ncef ~ny u~d sll lam~stesd exemption rights we erwy
Aave unda the ~orntuutioe~ or laws ot tf+~ State of florida, o~ any otha Stat~ w United Stafes, as against tlws note: aM each turther wsives deman0,
notice o/ rrx~-psyment ud potest. ar?d in evenf it becomes nece:sary to tollecf this r!e throuefi an attwney. a~rees to pay sq costs of cotlection,
•"'°"'b1e~ii`~~h default cQntinues for a~eriod of 30 days
• If detauif is msde in any paymerM whaf au4! then st fhe option of the , and without usy other nof~ce. itt fhe rcmainin~ balance
shatt be dua and psrs0~+ st onc~.
Interest only on the principal indebtedness evidenced hereby shall be "
paid in two (2) equal and consecutive annual installments amounting
to $8,287.50 each, due one year and two years from date. Beginning
three (3) years from date, principal shall be paid in three
(3) equal and consecutive an~ual installments of $5,000.00
each. Thereafter, beginning six (6) years from date, principal
shall be paid in ten (10) equal.and consecutive annual installments
of $11,250.00 each. To each installment of principal shall
be added interest at the rate above stated computed on the
outs,tanding principal remaining unpaid. -
Prepayment privilege is granted to Maker in whole during the ~
cal.end~.r year 1977. Thereafter, privilege is granted to Maker
to prepay in whole, or in part, at any time without penalty,
provided, however, that no such prepayments shall extend the
time of maturity of any subsequent principal installments remaining
unpaid.
' TRIPLE M GROVES, a General Partnership .
, organized and existing urder, and as
_ ~~271 _ defined in, the Florida Gniform
Partnership Act (F.S. Chapter
620 [1975)).
; BY =
; . . n on , r. - eneraT~arf ner
~ No..~_~ Dw.~ _ SEAL
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