HomeMy WebLinkAbout2566 ~0 ~t ~ W the same, together with the tenements. ~h~redittunsrbst an~ appurfe-
?tnnces thereto belonging, and the rents: issues and pro/ifs (hereof, unto the mortgagee, in fee simple.
the mortgagor covenants with the mortgagee thnt the mortgagor u indefeasibly seised of said
land in fee simple; that the -mortgagor has Rood right and lawful authority to rnnvey said Land as of
ore-
said: that the mortgagor will matte such further assurances to perfect the fee simple title to said Land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully warrants the title to said land
and will defend the same against the (awful claims of all persons whomsoever: and that said land to free
and clear of all encumbrances eaWEtpt matt@rs Of record.
~rQUtded ~UJS, that if said mortgagor :hall pay unto said mortgagee the certnin promis-
sory note he?einnf ter substantially rnpied or identified, to-wit: O~py Of said Note attac3>~ed
hereto:
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?LU,f,~.W I}a!m lic::t,~i Aut;t~~l. 2t3 v 'lJ
: Florida 1
FOR VAIUE RECEIVED the undersigned promises to paY to the order of
(ltg OOVE_P~ERTIES,....INC........ - - -t
the principal sua? oF..?~+~.~...~..~...~..~~..aauF.~.~...-...-.»-....-.. - -..Dollars (S ~r~, ~(b. ~ 1.
together with interest thereon Iron date, at the rate ~ .,S~G~.fa.ed..b~]sn~r....... 7CQQG?De
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¢~p[bolh principal and interest being paYabb in lawful money of the United Slates or its easrivaienl, at ~l N.. \~s.JGifn, I)r1V0, Fort
Pierve, Florida..33450 -
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to be payable as follows, to-wit:
No interest shall be due T.ntil June 1, 1980. Zherea.fter, interest shall accrue at the
rate of 1bn per cent (lOt~) per annum and shall be repayble interest only on June 1, 1981
and on each June 1 thereafter to and including June 1, 1985 at which time the entire
principal amount and all accrued and unpaid interest are due and payable.
E
Zhe privilege of prepayment in whole or in part is reserved, provided that not nnre
than $160,000.00 is prepaid prior to October 1, 19?'9.
'Ihi.s Note is secured by a purchase money lbortgage. By a,cceptanoe hereof, all holders
of this Note agree that they shall look solely to the property mortgaged to secure
repayment of this Note, and that they will not seek a personal jTadgnent or a defi-
ciency against the maker.
In the event any payment of principal or interest is not made within thirty (30) days
of its due date, this Note may be accelerated.
Z
z Each maker and endorser se.rerallr waives demsnd, protest and notice d malurifY, non-payment or protest and sq rsgvirements necessary to hold each of
E them liable as makers and endorsers.
- Each mater and endorser furttier agrees, sanity and severally, to pay all costs of collection, including a reasonable attorney's fee in case the principal of
this note a any payment on rtes principal or any interest (hereon is nd pard at the respective maturrfy (hereof, o. in case it becomes necessary to protect the
` s,-cw~ty hereof, whether suit be brought or not.
This note and deF~rred interest payments steal! bear interest at the rate ol.....tt~I~...........pe? cent, per snnum from maturity until pad.
This nde is secured by a ............mortgage of even dale herewdh and is to be construed and enforced actordrng to the laws d the Slate of Florida;
upon default in the payment of principal andtor interest due on any note secwed by said Mortgage, all notes so secured and remaining unpaid shall (orlhwrth
become due and payebb notwilltsurrdirsg their tenor.
- VALUE P~R'IY O~PORATICN ~
(seal)
(Seall
- - _ Lothar EStein , President
~oK31b p,~2~i61 -