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~ ~0 ~11!!t illld tO ~OId the same, tagath•r with the t•n.trt..tf~ `her•difanenr! ``find appurt•-
' nnnc~esjf~hen~fo lelonging, anti ihs rentsr. iuuet and pro(ils th•nof, unto th• mortpage~r. in j•• timpl•.
1UW the mortgagor covenants with the mortgage. the the tttortgagor ittdejsasibly s•iz•d of sold
land in Jee atmple: chat the mortgagor has good right and lawful authority to taonwp said land as ajon-
said: that the mortgagor will ntalte such jurlher assurartees to perfect the j« simple title to sold land in th.
mortgagee as may reosonn6lr be rbquirod: chat the mortgagor herby fully warrants the tale to sold fond
and will defend the same against the Iawjul daints of all parsons whomsoever: and that said land is j?ee
and clear of all encumbwnees
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~V~ ~~iways, thnt i j said mortgagor shau pay unto said mortgagee the certain promis-
sorq note hereinajler substantially copied or identified, to-call:
(I - ,f,p,~,tr~,:
~I ,.~alyt~`s ptr-all4 _at` •'2t+t '2"'~g'~ '~,s'
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s126 , 000 ..00-..-_--•••_-_--.• Fort Pierce
iOR VALUE RECEIVE the iwdsrsiNad prewiws b pey to the ads. d ,
..............GORHAM_CONSTRUCTION COMPANY EMPLOYEE PROFIT SHARING TRUST
,he pr;r,pp,l 311e, d ONE • HUNDRED TWENTY-SIX THOUSAND AND NO/100 126, 000.00
-Dopers (5...
.
Ten (10.0) annum '
toDether with iiMeresf thereon Craw dNe, at IM rate d......_.-..._ .....pr oast, pnr....--•--............. .~uMil ~tvih, said interest
being payable....?~EE...BE1ClSti......-.on the...._.-............ - - -day d end-...
each year: both prine:ipa) end interest being payable in lawful money,d the lJnitsd States a ds equivalent, of .
......................................--------•----.,......ss~ principal sum to be payable on the dates and in the aasourMs specified blow, to-wA:
i
Interest and Principal being payable on the funded principal balance
in monthly installments of $2762.00, commencing one month after initial
funding and on each successive month thereafter until the principal
is paid in full. First payment being due July 1, 1980.
f
The principal amount of $ 126 000.00 being payable in full within 5 years,
(60 months) from the date of this note.
Privilege is reserved to prepay this-note without penalty.
L Each maker and adorser sevaalhr waives dereand, protest and notice d matwify, non•payreertt a prolgl and a• requiwients necessary b hold each d
e Them (cable at makers arw endorsed.
Each waken and endorser hs+ther ogres, jointly and severally, to pay all costs d copection, inthrdirg s rpsonabie aManey's fM in case the
- this note a any payment on tM principal a any interest (hereon is not paid st the respective ~+?dy tlnreof, a in case d becow+es rsepssary b protad the
security hereof. suit be brought o. not. 10 . 0
This rate i~batl omrrrwws sAitt bear interest s1 the rate d_w_......._.._-- --..per pd, tier aruww trove
Tlrs note is by a --_-...-....~tg~ d even date herewith and is to be caistrued and enforpd according toro tM laws d the Stage d floridac
upon defauh in d principal sndla ' due on any note secured by said Mortgage ap note so
became due and nolwithstan6ng - ST. YrUCIE ReX;K 1~D~LL, INC .
A Florida Corporation
- - . - (S.et{
Attest
•-g-~-- .-.--R ~ .-3 ....pres~id~~
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' ~33i p,~ 90
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