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~o ~iaue and to Mold the same, together with the tenements. heredifamenls and appu?le- i ~
IIa/1ceS fhPlPIO {,elonging, and the rents, issues and profits thereof, unto Ihf mortgagee, frav.fge simple. ~ ~ ?
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~nd the mortgagor covenants with the mortgagee that the mortgagor is tndejea:t6ly seized of said
~ land in fee simple: that the mortgagor has good right arid Iawf
uI aufhorlfy to convey said lartd as of
ore-
E said; that the mortgagor will make such f urfhe~ assurances to perfect the fee simple title to said Land in the
j~ mortgagee as may reasonably 6e required; that the mortgagor hereby /idly war?ants the title to sai
` d Land
!i arui will defend the same against the lawful claims of all persons whomsoever; and ghat said land is /ree
! and clear of all encumbrances EXCEPT taxes subsequent to December 31 , 1978 .
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~rouided always, that if said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, fo-wit:
?~ow~oAStr sots waMCO sortw tw
6 8 280.00 Ft. Pierce ~
' /9~'~'iC , ~ ,Florida
. la 79 }
FOR VALUE RECEIVED, the updersianed, (jointly and scverallr, J more than one) promises to par to
HOLIDAY PINES, a Florida General Partnership order, ;p tbt manner hereinafter apecitied,
~c principal stao d EIGHT THOUSAND TMO HUNDRED EIGHTY AND NO/ 100 - - - - - - - - /100 DOLLARS
(a 8 , 2 8 0.0 B iptawt !rasp dace at the rated 8 . S 0 p~ opt. pit annum op the balance from tract to font rema,nrr?a unpaid.
~c 'aid principal and fat:rest shall be payable is Iawtul rpopep d the United States d America at 15 0 0 0 Highway S 4 Wes t
,1 r y h 111 s , F i a . 3 3 5 9 9 or at web place as mar bereatter be designated br written notice from the holder to the make hereof, op
thr date and ip the aunnet foUowips:
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Payable in Ninety-six (96) equal and consecutive monthly ~
.installments of ONE HUNDRED NINETEEN DOLLARS AND 17/100
(6119.17) including principal and interest. First payment
beginning sixty days frog date hereof and monthly thereafter '
` until said principal and interest due-thereon are fully paid. ~
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THIS NOTE MAY BE PREPAID IN PART OR IN WHOLE AT ANY TIME WITHOUT PENALTY.'
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Borrower shall pay to the note holder a late charge of four (4X) percent of
the monthly installment not received by the note holder within twenty (20)
t days after the installment is due.
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This note with interest u secured br a mortgage on real estate, of even date herewith. made br the makes hereof ip favor of the said
payre, and aball be construed and enforced according b the laws d the State of Florida.
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If ddauk be made is the garment d gar of the suau or interest auntioned 6ereip or ip said mortEast, of ip tIu pertormana at
:say of the a~reemepb contained herein of ip raid aprtsasq then the eptirt principal sum and acuued interest shat! at the tqp of tbt •
hoidtr hereof become at oaoe due and ooDechble without aoticr, ti?pe d the wenee; and said pnncipal wm and accrued interut
ehail both bear interest from wth titre until paid at the biabest ratE aUowa k under the laws of the State of Florida. Failure to exercise
fi;ir option shall pot oopstitute a waiver d the right to exercise the same ip tbt event d espy ~subrequeat default
Each peaces liable Berton whether maker or endorses hereby waives preaeatmept, protest„ ratite noticed and notice d dis-
honor and agrees to pair all toots, including a rcasornabk attorneys fee, wbetlter nut be bmu bt or i
;:creunder, ar under Bard mortgage, counsel shaD be em Ikct a °O6 after maturetr of this rate or default ~
pbytd m eo this rote or to protect the security d said mortgage.
Whenever used hueip the terms "bolded', "mater" and 'payee" shall be cgnatruedw the si tar or plural Fs the context may
require a admrt _ ~
Maker's Address ,1C_ / l __CI.(-r~' _ ~ i
_ (SEAL) ~
RO RT E. MAIER I
212 E. 9th Road _
F3road Channel, New York 11693 --(sE~f '
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...................._..._...._..............._.......-........................(SEAT., I
C2Q~3o~ ~„;,;2"143 MADLEN MAIER
_(SEAL) I 1