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~i ~t~rc gad w ~ie~l ~ t«r«~.nt•.
nan~.. thtn+eto b.bnotno, and e6. tints, iau...>nd prof
a. el~««l. wdo tt~. ~+a+v.v». tR f
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tl~ ~wrlo.oor oown.nb mtdl eh~ ~ortQea« thoe tlw ~ortooQor b tndfiaatWp .rt~+d of ,eW
l.nd to f« tom: chat e1N ~wo.toavor ~ t~ *+v~ .nd iawf
ul onthorth b taonwy add Lnd « .for.- -
• .dd: th.t the >fwo.tpaoor t~tQ ~ ,uc1? f tass~anoa to pafict the f«,t~wpl. atl..lo.eid (.nd to eL~
aw~ao.. « b. ngvi"d; that tl~. iwortgapor ha»by f
uUj? owan~ab d?a cab eo aaid land -
and utiU dfnd eh• sasw a0atrut the Ianf
nl clte+. ~ aU p.aonr wi~orn~.o~r~r:.nd eJ~oe ,dd Lnd to f
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and d«r of alI tax~x~tbrsnc.ot except taxes accruing subsequent to December
31.1979. -
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~~s that if said morlpagor shoo pay unto said wwrtgag« tl~. orrtain pwntb-
~ nob h«ttnafir ,iubt:tanNaII~ oopid or tdanafiad, to-u~ie:
Mc^ap. Ner., fY. I.rcp1 ~.yrW + Me.rMf MMe~N1•tdMeM I.cInNA; SEMINOLE FORM ~7
t.
Mortga~e Note
s 55, 000,.00. ~ ~ ort Pierce . tlor -a January 30 fq 80 '
fOR VAIUE RECEIVED tM unders~gna~ promises to oar to the order at ~
IRENE H. REESE,as to an undivided one-half and CARLTON W.FORD, as to an..
undivied one-half -
me pr,nc~pal sum d FIFTY FIVE THOUSAND AND NO/ONE-HbNDREDTHS - - - ~oQazs
togetha wAh rMerest Ihareon a1 the rata d ten per Cent tier ar'^'a" ~rO'^ this date - -
unbl matwny, both principal and +nlarest being payable rn Lawful Money of the United Stales. such pnnupai a..m and interest paya~la ~nsrailments as follows.
Eight annual installments of $6-,875.00 principal plus accrued interest with
the first payment commencing January 30,1981 and the remaining installfiants
due on the anniversary date ,until the full principal balance plus accrued
interest is paid.
The maker of this note reserves the right of prepayment in whole or in part
at any time without penalty.
S:,ch mstaliment payments shall be apwied first fo the ~meret! accruing under tRe tpms o! this Hole and then to a reduction of the pnnc p)1 ~ndebledness.
the makers snd andase•s of this note further agree ro waive demand. nonce of non-payment and protesr, and m the event su•+ s'^aN ~r t:rou~ht for the
collection he.eot, of the same has to be collected upon demand of an a!rorneY. to pa'l reasonable attorney's tees (or making suc!+ coi~ecr~an AEI car~*e~ts here-
under shall bea• aneeresr at the rate of ten .percent per ann~n Iroe+ rraru:Ay :.^ta peed. ibis none ~s secu•ed by a mortgage of even date ~e•••+• •h and is
be construed aid enforced aCCOrd~ng to the laws of the Stays c! Flo~~da Eton delault n. the payment of p•mc•aaI and%or r•eres! when due, ~^e .-mole wn+
prmc poi and mrerest rerea,niny unpa d shall, at the opt~or of r! a holws ces ome ~mmedwtely Cue and parable. ta~lure fo exercise this ophan seat cpt consntua
a wawe~ of the right to.xeruse th. same ' a' subse,~e^' aeta.,~t HIGH & DRY, INC . , a Florida Corporate
~ayabk at !SEAti
YZ Ft~- ~ t ~F a D~ ~ f~P~e By ~j~l~..~.. ..~SEAI,
/ / f` President
. !sEAu
a such other plxe shall be
designated by rite holder d tMs BEAU
note .n wnt~ng ~ ~rORPORATE MEAL)
. - ~ F i~325 2