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' ]0 ~t ~ W Ihs same, together with the fenemenla. ~e?vaifanents and appurte-
nancesjl~h,~er/elo belortgirtg, and the rents, issues and projifs fhereoj. unto the mortgagee. in jee simple.
T111Y the mortgagor covenants with fhs mortgages ghat the mortgagor is tnd~jsasibly :sized of aatd
land in fee simple: lhnt the mortgago? has good right and lawful authority to convey said land as ajon-
said: that the mortgagor urtll ma4e such /urfher assuroncea fo perfect the fee simple lids to said loud in the
mortgagee as may reasonably bs required: that the mortgagor hereby fully warrants the title to said land
artd will deje?td the same against the lawful claitna of all parsons whomsoever; and that aatd land u Jre
and clear of all encumbrances
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~COUided ~lunyS, that ij said mortgagor ihall pay unto said ?nortgngee the certain promis-
sory note hereinnjter sub:tnntially copied or identified, to-wit:
f~
79.7.9....
s...12,-1fl0..00-........_......._._..... t..: Pi
r~.....~ ~wriea......_.February...l......._.....-------•
F
FOR VAtlfE eECEtvEO th. wtdorsigetad promi,es to oat to tho ore.. d
...ROBERT..I~QEMM~I......:~.n.~...~?4AK..K4~[~!I~L,.~...hi.s . +..d.~if~
Ih. principal ewe ot..Twelve.-?hnusand--.Oae.-.Hundred...&..DIo~1D4~=.=-~.==.--=..-.-•-.-.-.---.r.o°"ar, ts.12,100.00 _
togethe. with int.reu thereon bom date, of the .are o(.........---•.-..9..~j ............._._._.._._._ver csM, par.....-....._dnnUtII .......---•---......_...imt~l a~anriry, said interest
~ be:nq Datable..S@e...Ele1.Qw............_on the -............day ot.. .........---.....and..
' ea:h year: bWh principal and inisresl being payabb in lawful moray d the United Slates a its equivalent, at... rL.7Q...Md1"..i nd... Q.r. s...
. Ft. Pi eree,--• FL •.••3345 - __....._......_._.-.._.:a:d principal sum to be wYaae on the data and in the areowMs specified below, to•wit:
. . .
I?~ monthly payments to be calculated according to an 83 month amorti2ation schedule, with the first
such payment in the amount of X200.00 being due. on the 1st day of March, 1979, and a like sum on
the corresponding-day of each month thereafter until the 1st day of February, 1980, at which time
a final BALLOON PAYMENT shall be due equalling the entire unpaid principal balance of X10, 90T.25,
pl~ls accrued interest, if any, unpaid late charges and all advancements owing under the terms of
this Note or the Mortgage of even date herewith which secures it.
N~TTWITHSTANDING anything contained herein to the contrary, if the Makers close on the sale of their.
business known as Guidebeck Chevrolet, Inc., located in Munising, Michigan, before the expiration
of the term of this Note, then this obligation including all interest accrued to date shall be
i~~nediately due and payable.
- fach maker and endorsor sewrdly waives demand, proMSt and police d ma tu?ity, non~synwrrl or protest and sN rerpriraesertls necessary to hold each d
F them Gable as makers and endorsers.
- Each maker and endorser frrrthtr agrees, jointly and seversNy, to pay aN, costs d cdlection, incMrdirsg a raasonabla attorney's fee in case flee principal of
- this note or ant payment on the principal or any interest thereon is not paid at Ihs respediw rrssturify thereof, or in pss it bacornes necessary to protect tiro
security hereof, whNhar suit be brought or not.
This note and deferred interest payments shall bw interest al the rate d...~..,5
...............per cant, pet annwn from maturity until paid.
This nose is secsrsd by a..second-•-••~~ of .ven dal. herewith and is Io b. construed and enforced according to the laws Nee of Florida:
a upon default in tM t»Ymeesf ~ pnnapal andfor nntersst due on any note secured by said Mtwtgage, all peas :a secured and remaining Forthwith
become dw and payable notwithstanding their terror.
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Y s all
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Terry . • u3d~b• c ~ ,
~ -
-
~ Margaret Guideb k
~ , - ~K ~V~ 1~ACE ~4~
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