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)0 ~ ~ the ,ame, tog.th~r wtt~t th. tut.monb. ~Mr~t~snNeb arty ,pptuto- ~
nances thereto 6sbnging. and the nnb. issue and pro(ib Ih.n% unto the trwrtgagN, in /w ,insple.
the nsortgagor eotmnant, with the morfgaget that the mortgagor b intl./.a,tbly ,etsed of ,ald
bnd in simple: the the moregapo? ha good rtght and lain/al atehorttr to coto~.I? ,old lortd a. oJwa-
,atd: that the mortgago? wtU made ,itch f
urth.r aauronsvs to per/ed flu ,isnpb titb to tattd bttd to the
mortgyee as near na,ortably ba regtslr+ad: that flu mortgagor hrm,by /taUlt worrisrtb the ttlle to ,aid lead
and will da/.nd eh. ,am. agatn,t t1~ law/u! claims o/ oU p.rsoru whotw~osvR: and ehst ,aid lortd is Jrw .
and clear of all ancwnbt+nstcw except those taxes accruing subsequent to Dect~mber 31,
' 1979
• tij st'
ss •ihat ij ,aid morigagor a/saU par unto said r+tortgags. the certain pr+nmi,-
sory rota hereiren(ter substantially oopttesl or idanNjiad. b-raft:
4y08
MORTGAGE NOTE _ i
• ~ ' Y • ~ ~ ~ .Stuart ,Florida
S 3,000.00
March 31, , t9 80
FOR VALUB RECEIVED. the undersigned, (jointly and severally, i( stare than one) promisd to pay to
HARRY J. RALBITZBR and KATHRYN J. KALBITZER, hsi wife
, or order, in the manner hereinafter specified, .
the principal sum od EIGHT THOOSAND and no/100 /100 DOLLARS
8,000.00 )with interest from date at the rate of 10 per cent. pcr annum on the balance from tune to time remaiwng unpaid.
The said prusdpat and ir?te:rst shall be payable in lawfW money of the United States of America u
or ae wch place as may hereafter be designated by writetn notice from the holder tD the tnakcr hereof, on
the dace and in the rrtanner following:
Quarterly Payments of eight (8) in the amount of $1,000.00,
plus interest, Ffrst Payment due July 1, 1980.
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Maker reserves the right to prepay all or any part of
without prepayment penalty.
This note with interest is secured by s mort~e on real estate, of even date herewith. made by the maker hereof in [avor of the said
payee, and shall be construed and en[ according to the laws of the Stste o[ Fbrida. The terms of sasd mortgage ate by this reference
made a part hereof.
If default be made in flu payrrsent of any of the wens a interest mentioned herein or in said mortgage, or in the performance of
any of the a nu contained herein or in said mortgage, then entire principal sum and accrued interest shall at the option of the
holder hereofbecome at once due gad oolkcubk without notice, tisfse being of the essence, and said principal win and accrued interest
shall both bear interest (ran such tune unW paid at the highest me allowable under the laws of the State of Florida. Failure m exercise
th;; option shall tat constitute a waiver of the right to exercise the same in the event of any subsequent default.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice notice of protest and notice of dir
honor and agrees to pay all costs, including a reasonable attorney's ice, whether suit be brought a not, i(. after tnaturitr of this note or defauit
hereunder, or under said mortgage, tx?unset shall be empbyod to collect this note or to protoct the of said mortgage.
Whenever used herein the terms "holder", 'Smakerr" and `aPal^~~ co sera the pl as the context tray
require or admit.
Makers Address R. ~»RICHAIZD~
Y _ E/?Lj .
_ ~uD'goMMe-~
~ (SEAL)
450 Lathrop 80(1 PAGE ~1/~ JAN A. PRUI) _ ~ / ,
...Algonac.~Mich-:....48001 ......................~....c...t../.....»..__.._...--(sEAL,
icrar a