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1 ~Q ~e ~ ~ the same, fogefht~r with the tenements. hereditament: and appurte-
nances thereto belonging. and the rents, issues and profits thereof, unto the .mortgages. in lee simple.
the mortgagor covenants with the mor atultttt th~~tr?ortgaevr boinlle~easibly seized of said
Innd in lee simple; that the mortgagor has good right and lawful. auehority tb ~ lbnuey said land w of
ore-
said: that the mortgagor will make such further asswc~gcts. to perfect the fee ttlmpl~ Nfls ~atd Iartd in the
mortgagee as may reasonably be required : that the mortgagor hereby lolly urananb the ~t1i~ ~o said land
} and will defend the same against the lawful claims of all persons whomsoever: and that sntd land is !ne
and clear of all encumbrances
Subject to mortgage in favor of First Federal Savings and
Loan Association of Fort Pierce, easements and restrictions of record
if any, and taxes accruing after December 31, 1979. -
~rou~ded ~aw~ys, that it said ntortgopor shall pay unto said mortgagee the certain promis-
I sory note hereinnjfer substantially copisd or tdentifted, to-wit:
.
4 c~gTGAGE NOT[ RAMCO FORM tsi ~ -
2 ~ 6 , 800.00 ~ Winter Park Florida
- April g 1980
FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promises to pay to
RICHART IRRIGATION, INC., a Florida corporation
or order, in the manner hereinafter speci[ied,
~hc principal sum oI Fifty-six thousand eight hundred and -------------------------00~1~ DOLLARS
56 , 800. QO )with intersst from daft at the rate of 8.0 per cent. per annum on the balance from time to time remaining unpaid.
The said principal and interest shall be payable in lawful money of the United States of America at 2625 W. Fairbanks Avenue, ~
~r'inter Park, . FL 32789 or at such place as may hereafter be designated by written notice from the holder to the maker hereof, on
the date and in the manner following: •
12 consecutive monthly interest payments each in the. amount of $378.67. The first •
I, ~~onthly interest payment shall be due on April 10 , 1980, and subsequent payments shall
~ re due on the 10th day of each month through and including April 10 , 1981. Thereafter
120 consecutive monthly principal and interest payments each in the amount of $689.15. The
first monthly prinicpal and interest payment of $689.15 shall be due on May 10 , 1981,
and subsequent installments shall be due on the 10th day of each month thereafter until
laid in full.
The note and the mortgage cannot be prepaid before January 1, 1981; thereafter, i
the note and the mortgage may be pre~id in whole or in part without penalty. '
.
'T'his note with interest is secured by a mortgage on real estate, of even date herewith. made by the maker hereof is favor of the 'uid
T:ayce, and shall be construed and enforced according to the laws o[ the State of Fbrida. -
f
If default be made in the payment of any of the sums or interest mentioned herein or in said mortgage, or in the performance of
any of the agreements wntained herein or in uid mortgage, then the entire prinupai sum and accrued interest shall at the option of the j
holder hereof become at once due and colkcubk without notice, time bes'ng of the-essence; and uid principal sum and aevued interest t '
shall both beu interest from such. time unu'1 paid at the highest rate albwabk undo the Lws of the State of Florida. Failure to uercise
this option shall not corotitute a waiver of the right to exercise the same in the event o[ any iubsequcnt default.
Eacb person liable hereon whethu maker or endorser, busby waives presentment, protest, notice notice of protest and notice of dis-
honor and agrees to pay all costs, including a reasonabk attoiney's tee, whethu suit be brought or not, i{, after matursty of this note or default
>;creundu, or under card mortgage, counsel shall be employed to mlkct this note os to protect the 'ty of uid mortgage.
Whenever used herein the terms "holder", "make" and "pa sha be conawed in the gulu or al ss the context may
require or admit.
Maker's Addreu ~ - - -.5... .E. .....................•------•----•---.(SEAL)
............................(SEAL)
ALLY SEL
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n
......(SEAL)