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30 ~~t ~ W T1V~~ the same, to~elher with flee fenemeni~. herellilanurlta and appurte-
nances theM10 belonging, and the reels, issues and pro(ifs therso/, unto the mortgagee. Jn fee simple.
lice mortgagor covenants with the mortgagee that the mortgagor is indefeasibly seized of said
la?ed in Je• :tmple: lhat fhe mortgagor has good ?ight and lawful authority to convey said fared as a(on-
1 said; thaf the mortgagor will male such (tuther~ assurances to pa(ect fhe (te simple title fo said Land to fhe
~ mortgagee as may rrwonably be requirod; that the mortgagor hereby (ally warrants the title fo :aid land
1 and u~il! defend the snore against the lawful claims of alI penoru whomsoeue': and that sold land b (tea
~ and clear of all encttmbmoces
. ~
i
~IIU2UJS, that ij said mortgagor :hall pay unto said .mortgagee the certain protnb-
sory note hereinafter subatnntially copied or identified, to-wet:
,
MO?ITOAO~ HOTS .
_ 10,000.00 - _ Coral Springs . Fbrid:
February ~ • 1979
FOR VALUE RECEIVED, the undersigned, (jo;rally and severally, it amore than one) promises tt? pay to
--------------------RACHELLE CLINTON------------, or ceder, in the manner heseina[te: specified,
the pr;adpal mom d Ten Thousand--------------------------------------NO /100 DOI.I.ARS ?
(i10, 000.00) w;t6 inters+tt from date at flee rated 12$ per ant. per annum oa the balance tram time to time tm?aiaiaa unpaid.
TLe ,aid priadpal and iatesat shall be pieyable in lawful man
y d the vn;tea states d Aaseric. at 3130 Tenth Avenue ,
Po~ttpano Beach, _ Fla. , or at such play as a~ay hereafter be designated by written notice from the bolder to the weaker tiered, 00
the date- and is the aeauaa tolbwiag:
Payments of interest only of $100.00 per month fpr the-1st year, commencing
thirty days from the date of this note. At the end of~the 1st year there will
be a principal reduction in the amount of $3,333.. Payments of interest only
of $66.67 per month for the second year, at the end of the 2nd year there will
be a principal reduction in the amount of $3,333. Payments of interest only .
of $33.33 per month for the third year, at the end o_f.the third year the
remaining principal balance of $3,334. shall be paid in full.
THIS NOTE MAY BE PREPAID IN WHOLE OR IN PART AT ANY TIME WITHOUT PENALTY.
This note with interest" is secured by a mort6ase on real estate. d even date herewith. made br the maker tiered in favor of the acid
payee. and shall be construed and enforced according to the laws d the Sate d Florida. ?he terms d raid aeoregage are by this reterenoe
msde a part hexed.
If detach be aeade is the payment d any of the anon or interest aeentioaed herein or is said mortgage, o: in the pertoraeance d
any of the a~r~me v contained iurein ar in sa;d mortsase, then the entire principsl sum and accrued iatereat ahaU at the option of the
holder hereof beoosaae at Dace due sad colkctebk without notice. time d the essence; sad said principal sum and accrued interest
shall both beer interest from such time until paid ~:t the highest rate albw under the laws d the Sate d Florida. Fa;lure to uerr;se
this option shall not constitute a waiver d the reght to eaarbe the same in the: event d any subrequeai- default.
Each person liable hereon whether rn:ker or endorser, hereby waives preseotaeeat, protest, nonce notice d protest noticed dis-
honor and agrees to pay alt oasts, includi?eg a reasoeabk attorney's ice, whether suit be brought or not, aftu matunty d is note or default
hereunder, or under said mortgage, conned shall be empbyed to oopoct th;s note or to protect the security d said
~ Wbeuevet used herein the ter?oa "holder", "maker" and "payee" shall be construed is tin singular or plural the Content may ,
require or adaeit.
Maker's Address _ ------.....(SEAL)
` - ~ TH D . S ~
3130 Tenth Avenue .,,_,(S~,)
_ Pompano Beach, Florida ~+Q
- B00lc ..R ..IE . RAMP- ............(SEAL)
(SEAL )
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