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W ~iV~ Ihs same, together with the tenements,- hertclitam~rtts -and apptufe-
rtnnces]~~h,~er~eto belonging, and the rents, issues and projils Ihereoj, unto Ihs mortgagee,' in Joe simple.
n1~R the mortgagor rnuenants with the mortgagee that the mortgagor is indefeasibly netted a/ said
land in fee simple: that the mortgagor has good right and lawful authority to rnnv.y aaid land as ajon-
aatd; that the mortgagor will make such further watuanees-to perfect the jes simple title to said land to the
mortgagee as may reasonably 6e required; that the mortgagor herby juUy warrants the tifb to aaid land
and will de%nd the same against the lawful claim, of all persons whontsoe~er; and that aaid land is free
and clear of all encumbrances except taxes subsequent to December 31, 1978.
,,,,J
~V111E1~ ~~yse that ij said mortgagor shall pay unto said mortgagee the certain promo-
sory note hereinafter substantially rnpied or identified, to-wit:
r.~ORTGAOE NOT[ ~ RAMGO FORM tip -
F t . Pierce . Florian
s 10,980.00 .19
FOR VALUE RECEIVED. the undersigned, (jointly and severally, if more than one) promises to pay to p r 1 1 2 5 7 9
HOLIDAY PINES, a Florida General Partnership, or order, in the manner hereinafter specified.
I~ she rinei sum of /100 DOLLARS
p pal TEN THOUSAND NINE HUNDRED EIGHTY AND NO/100----------
(S 1 0 , 9 8 0 . (~Owsth sntersst frog' date at the rate of g • 0 0 per cc"~ Per annum on the balance from time to time remaining unpaid.
The said principal and interut ahaU be payabk in lawful money of the United States of America st 1 S 0 0 0 Highway S 4 W e S L
~ h r h i 1 1 s , F Lo r i d a or at such plan as may hereafter be designated by written notice from the holder to the maker heron[, on
:he dace and in the manner folbwing:
Payable in Ninety-Six (96) equal and consecutive -
monthly installments of ONE HUNDRED FIFTY FIVE
and 22/100 DOLLARS 0155.22) including principal
and interest. First payment beginning sixty days
from date hereof and monthly thereafter until said
principal and interest due thereon are paid in full.
This note may be prepaid in part or in whole at any
time without penalty.
Borrower-shall pay to the note holder a late .charge
of four percent (4~) of the monthly installment not
received by the note holder within twenty (20) days
after the installment is due.
This note with interest is secured bar a mortgage on real estate. of even daft herewith. made by the maker hereof in favor of the uid
:ytey and ahaU be construed and enforced according W t9e laws of the Sute of Fbrida.
If default be made in the payment of any-of the sums or interest mentioned herein or in said mortgage, or in the performance of
any of the agreements contained huem or in sasd mortgage, then the entire principal sum and acuued mterest ahaU at the option of the
holder hereof become at once due and coUectsbk without notice. time besnngg of the essence; and said Principal sum arsd accrued interest
shall both bear interest from such time until paid at the highest me aUowabk under the laws of the State of Fbrida. Failure to exorcist
this o tins shall ant constitute a waiver of the right to exercise the same in the event of any subsequent default.
P
Each person liabk bacon whethu maker or endorser, hereby waives presentment, protest, notice notice of proytest and notice of dis-
j honor and agrees to pay aU cosn, indro
~l shaU bebemattorn
Ws collect ethis~note orbto protect the ~securiq oft said mortgagete or default
h-rounder, or under said mortgage, P~'~
Whenever used herein ehe terms "twldet", 'maker" and ..pays.. shall be construed in the singular or plural a the context may
rc~uire or admit. -
Make~ s Address S /....A•: 0.:...-$$•N•TO~1 ..................................................•-•-.-•--...(SEAL)
A. 0. BENTON -
0 R 3OU .....................................................................................................(SEAL)
SOU!! °AC~ 573