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j! T1AV~ ~ ~ gW~ the same, together wilh the tenements, hereditamenls aria appurte-
nances thereto belonging, and the rents, issues and prof
its thereof
. unto the mortgagee, in fee simple.
the mortgagor rnvenants with the mortgagee the! the mortgagor is Indefeasibly seized of snid
land in fee simple; that the mortgagor has good right and lawful authority to convey said land as of
ore-
i said; the! the mortgagor will malre ouch further assurances to perfect the fee simple title to said land in the
i mortgagee as may reasonably be required; that the mortgagor hereby fully warrants the title to Bald land
! and will defend the same ngninat the lawful claims of all_ persons whomsoever; and that said land is free
and clear of all encumbrances taxes accruing subsequent to December 31, 1979.
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~VE{I~IE 7~u~S, that if said mortgagor shall pay unto said mortgagee the certain promis-
i sory note hereinafter substantially copied or identified, to-wit:
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'X s 75000.00__.._- PQZC_.S.~.e_..1r.L1l~J~£.......... Florida,..!//..d!~_....fiP,,._..._...,19.SII..~*
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~Or ~tt~li~ ~ZFCetltpa Ihs undersigned jointly and severally promises to pay to the order ~~r
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~ PHYI.LIS._BI$ELY------._...-•--------------------------------------•--..._..----._......_.....-------...------------_.._-------...~_. '7
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' the principal sum ofSLYENTY__FIYE__THQ(IS,ANII..Ab1Q-.NQ/.1~0-.-------Dollarsls•_7-5-r~0a.80-•-----1. ~r'
togNher with interest thereon from date at the rate o(-.--lA$ ......................per cent. per amain until maturity, .=''r
said interest being payable monthly on the ......day of each and every month both print pal ~
and interest being payable in lawful money of the United States at..51~--Coral- -Way
Fort.~?Sll4j~1<~d~4 .........................•------------.....------..._..._.......--------------------------_-..Florida, Y(
- i or of such other place as Ihe.holder hereof may designate in writing. Prinapal and inlsresl payable in install- jj~~',
coeds of __PIINE_.f1llNIlI~EJ1._hIINETY...QNE__ANII__lQ,C~,f)D._.._----
Dollar:, (Z-991..1-----) r`,~,
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each on the.--------------day of each and every month, beginning on the --•----•--..._.._..day ol._.__•----.........._.~__.,~~ ~
19_.__.., and continwng until said principal and interest have been paid. Each installment payment shad be
~ aedted First on the interest then du.; and the remainder on principal; and interest shall thereupon cease upon s:~'
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~ tl+s principal so uedited-
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~ Notwithstanding anything contained herein to the contrary the }
within Note shall be fully due and payable within Five (5) years
.i from the date hereof reservi y s?~ E
, rig ,unto the makers the right to preps
~ all or any portion of the within indebtedness at any time without t,< ,
penalty.
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€ ~ Each maker. and endorser severally waives demand, protest and ncfice of rr?aturity, ran•paymerM or protest and all re- k+~J '
quiresaents necessary to hold each of them liable as makers and endorsers. - I
Each maker and endorser further a4rees, jointly and severally, to pay all costs•of collection, including s seasonable actor- i I
. n.r:fee in use the principal o(this note a any paymeN on the principal or any iMer•st IMreon is not paid at the respediw j~'
$ malurily tMreol, or in case it becomes necessary to protect the, security Mr~of, whether suit be brought a not. f~~.'
- e This hole and deferred interest payments shall bear interest at the rate o~~ per cent- per annum from matuity v
until paid. j
This note is secured by a first mortgage of even date herewith and rs to be construed and enforced according to the laws t;
of the State of Florida, upon default in tM payment cf principal and . or interest when due, the whole sum of principal and s.•L'
~ interest remamin,~ unpaid shad, at the option of the-holder, become immediately due and payable
g~~ P~~(~ GOLF QURSE CGNTRA~ RS /0~ k''
~ Attest . a V~J d ~.Q~r._.I.~`1~......... ~ Sea j
.l n k;
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:r~ l_~l• eta -L -~,~-c-t~¢:..__._...=....ISeal! fay: .L.tt2.~-t.c...l C...~ L.L lr.~: .1Seal) ~
. - Secre~ry President;
yi•" k.% r' 'r~r?,l+r' r w .r` ~j L / M;fS,, !I rf
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r _~ia. s ~ ti fE , _ . , ~ud~t`y