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~AV~ ~ ~ the same, t ether wtth the tenements heredita e -
~t m nts and appwts
rtances]t~h~e~re~o belonging, and the rents, tssue~ and projifs thereof. unto Ihs mortgagee, in fee almple.
lUt~ the mortgagor covenants with the mortgages that the t~rtortgagor is fade%a:tbly seised of said
land in fee afmple; that the mortgagor hat good right and lawful outhority to convey sold land a afore-
said: that the mortgagor will males such /urther atatuances to perfect the jse atmple tttls to said land to the
mortgagee as may reasonably be required; that the mortgagor heroby fully warrants the title to told land
and will defend the same against the law/uI-claims of all penont whomsoever; and that said land is jre•
and clear of all encumbrance, except taxes subsequent to December 31 , 1978 .
I
~~u~ded ~tU~tJS, that ij said mortgagor shall pay unto said mortgagee the cwtain promis-
gory note hereinafter substantially copied or identified, to-wit:
Moq~GAOC MOTs RAMCO FORM SJ •
- F t . Pierce ~ Florida
a ~o,9so.oo
, 19
FOR VALUE RECEIVED, the undersigned, (jointly and acverally, if more than one) promises to pay to p r 1 1 2 S 7 9
HOLIDAY PINES, a Florida General Partnership
, or ordu, in the manner hereinafter specified,
''I :he principal sum o[ TEN THOUSAND NINE HUNDRED EIGHTY AND NO/100----------/100 DOLLARS
(s 1 0 , 9 8 Q . DXXT+r~ intense from date at the rate o[ g ~ 0 0 per cent. pu annum on the balance from time to time remaining unpaid.
The raid principal and interest shall be payable in law[ul money of the United States of America at 15000 Highway 54 West
' ; ; : h i 1 l s , F Lo r i d a or at wch place as may hereafter be designated by written notice from the holder to the maker hereof, on
.hr date and in the manna [olbwing:
Payable in Ninety-Six (96) equal and consecutive ,
monthly installments of ONE HUNDRED FIFTY FIVE
and 22/100 DOLLARS (6155.22) 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 i
of four percent (4~r) of the monthly installment not
received by the note holder within twenty (20) days
after the installment is due.
1
T'hu note with interest is secured by a mortgage on real estate, of even date herewith. made by the maker hereof in favor o[ the said
„_,ytc, and shall be construed and enforced according to tAe laws of the State of Florida.
If default be made in the payment of any of the sums a• intuat mentioned herein or in slid mortgage, or in the performance of
..-,n~ of the agreemenu watained herein or in said mortgage, then the entire principal sum and acwed interest shall at the option of the
h-elder hereof become at once due and collectible without notice, time beinngg oI the essence; and said principal sum and accrued intercat
::~atl both bear intercat [ran wch time until paid at the highest rate albwabk undo the laws of the State of Florida. Failure to exercise
thir option shall not tonatitute a waiver of the right t0 exercise the same in the event Of any subsequent default.
Each person liable bacon whetbu maku or endorser, hueby waives presentment, protest, notice notice of protest and notiu of dis-
}.-.nor and agred to pair all costs, including a reasonable attorney's fee, whether suit be brought or rat, i/, after maturity of this note or default
t:-reundu, or under sard rrwttgagq counsel shall be empbyed to collect this nae or to protect the security of said mortgage.
Whenevu used herein the terms '7rolder", "maker" and "payee" shall be construed in the siagulu or plunl as the context may
* quire or admit.
Maku's Addrcas g /.-••A•~ O••:.•-•$$•N-T0~1 ..............................................................(SEAL)
A. 0. BENTON
G P, ~~~~pp ...................................•--..................-..-.-......--•--...-.....(SEAL)
8CC!! JVO PACE~57V
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