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~ W~~~ I~s rame, tog~l{~er wtth Ihe len~manfs. ~tredtlam~nla an~ appurte-
nnnces fherefo be~onginp, a~~c~ f~e renb, ia~ue~ and projifs lhsr~of. urtto fhs n~o?tgags~, in ~~s simp~e.
n1~{1 the mortgagor covenanta wFfk !he mortgagee ftiat tke moHgagor ~t 1ru~ej~,r6ly reizsd oJ snid
land In jea simple: fhat tl~e mortgagor hw good ~ight and lawjui authority to convap iatd bnd aa ajon-
soid: thut tl~e mortgagor u~ill ma~e such /urthe~ ostur+ancsa !o pt~i~ct fhe ~ee tinip~t tit~ to ~atd ~and tn l1~~
mortgagee ~~ay ?~o.~61y 6e ~qot.~d: Ihat tk~ mo?tgngor ?~~reby /uUy uia?ranb th~ titG to said Iond ~
an~ will de~end Ihe sam~ ogotnst E6~ lawjul ciainu o/ all persons w6onuoavn: and thnt ~nid land ta /nt
and clear oj at! encum~nnnces EXCEPT taxes subsequent to December 31, 1978.
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; ~V~ ~s~ f~at i~ said ntorlgngor ihou pay unto satd mortgngse tke certnin promis-
~ sory note ?~ereinajfer su6tlnntiaUy copttd or td~nti~itd, to-wit:
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r~ofeTGAG[ NOTt i1AMG0/011M i
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7, 2 90. 00 Ft . Pie~ce 1 I .~O"d' - ~
. t9 79 '
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FOR VALUE RECEIVED, the undenisned, (jointlp and ~evcraUy~ if awr4 than one) pwmiua to pa7 W _
IiOLIDAY PINES, A Florida General Partnership
~ at orda. ;n tbe mannet hereiaafees ipecified~ .
a y~incipal tum oi SEVEN THOUSAND TWO HUNDRED NINETY AND NO/100---------~100 DOLI.ARS ~
~ 7, 2 9 0. 0 0) vnit6 intcmt trom daee at tbe nte of .8 . 2 S pu cea~ per annum oa tlu balance from tia~e to tia~e remaioius uapawl. i
said principal aod ioterat ihaD be para6k in 1awfW moner o( tbe United Sata d America at 15000 Highway 54 West ~
h i 1 1 S, F 1 o r i d a a at such place a mar hereafter bt dcsisnated br written notice trom the holder w t6e maker 6ereot, on ,
~ date :nd in the manner iopowicg:
PayAble ~,n N:tnety..Six (96) equal and consecut~.ve `
I monthl.y installments o£ ONE HUNDRED THREE AND 99/100 ~ :
i DOLLARS (~103.99) includ~ng princi.pal and interest.
~ First payment. beginning sixty days from date hereof
~ and monthly thereafter until sai~d principal and '
~ 3nterest due thereon are paid in full. -
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This- note may be prepa~d i~n part or in Nhole at ~
any'ti~e rvithout penalty. .
~ BorroWer shall pay to the Note holde~c_a late charge ,
~ of four percent (4~) of the monthly ~nstallment not
received by the note holder K~thin txenty (20) days ;
~ from the date installment is due. `
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~ Thi~ note wit6 interest is ~ecured b~r s mortgaae oo real utate~ o( cven date herewi~6. made br ehe maku hereof ia favor of the uid ~
~ yr-t, and ihall be oonstrued ard enforced ucordin6 to tbt la~vs d the Sute o[ Fbrida.
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I1 default be made in thepa ym~eot d anr o[ t6e sums or intaest mentioned 6uein or in said mortaaae, or_ ia !he pcrformance d ~
of che s~recmeau contained buein or in uid mortaaae~ tben tbe entire prinupal sum and ac~ucd iaterest abaq at tbe option af the
'.~cr hereol become at once due and wllecubk wit6out notice, time beu'~ d the wence; and iaidpnaa
pal ium aad acctued interett i
ll both bear intere~t irom wch time unu'! paid at t6e hi6hest nte albwable unda t6e 4ws o( tbe Sate ot Fbrida. Failure w eaerciu
€~s opeion ihaU not consdtute s waiva oE ehe ng6t w e:erciae tbe ~ame in tbe eveat d m~ tubsequcot ddaWt '
~ E:ch per~on liabk hereon wbethu mal~er or endoner, hueb~ waiva praeauneot, pcotat, notice ewtice oE protest and notice o( di~-
#-~or and asrea to pa~r aU oan, includins s reasonabk atwrne~t tee. vrhethet wit be brousht ar aot, i{, afta matun~r o( this note or default
~under, or uader aaid mort6aae. coumd ~hatl be employed w o~Dett this oote ar w protea tbe iecuriq d ssid martsase.
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~ Wheneva wed Duein t6e temu '9wlder"~ "malcer'" and "payee" ahall be oonawed in t6e sinaular ot plural ai tbe context ma~
; i: c or adm~.
Maker's Addres ................••--........_..._......_._.......---._..._.........._...........---..._.._..--•••---~SEAL) .
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~ Q R 311 P~~E 2~8 ~
~ BooK
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