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~t ~ ~ the same. together with the tenements. hereditamenta and appurte-
nances thereto Belonging, and the rents. issues and p?ojtta thereof. unto the mortgagee, in fe. simple.
7Ulll the mortgagor covenants with the mortgagee that the mortgagor is indejeasi6ly seized of said
land in fee simple: that the mortgagor hw good right and lawful authority to convey said land as ajore-
satd: that the mortgagor will mnke such further assurances to perfeN the (ee simple title to said land in the
mortgagee at may reasonably Be requi?ed; thgl~ ~ta.ptetitgagon ~irllj7' a~tFrnnta the title to saki land
and will defend the same against the lawful claims of all penone wbart:•ever; and that said land is free ,
and dear aj ail encumbrances except taxes accruing subsequent •to December 31,
1979.
~itl~UJS, that if said mortgagor shnll pay unto said mortgagee the c~ertaln promis-
ipry wpb 1?weirw(tet suB:tanfially copied or identified. to-wit:
= 200-, 00000 _ _ _ - - August 4th 80 .
Yero tfiedr, Floridi____._. - 19~,.
In the marr~et hereinafter set forth after derv, I, vw a either of us peomke_to per to the order Of - .
INDIAN PINES GOLF CLUB, INC . : . ~ . ^ : - : _ - _ :
. TWO~IIUNDRED THOUSAND AND 00/100's--=
for ~,iu;
=,eteire~a, p.~,ebie r-5700 Parkwa Feeder' Ztoad=4 Fort-- Pierce; =Florida 33450
with interest from _ - - - - - - - _ - ~t the rah of- - - - - .pit oen~
per eirxen ~unti{ pid; interest peyabie a 8 Stated
- - - - - . - . - ~belou.-
Md each of us whether maker, puarantw or endorser, hereby severally waives and renawrces any and all homestesd exemp.
lion rights we may have under the Constitution a Lsvvs of the Stale of Florida, or any other State a United States, ss against this
note throw an attorney agrees to pay all costs of collection, includins reasonable attorney's fees. Failure to pay any installcr?ent
of principal or interest w~ers due under the terms of this note shall, at the election of the holder thereof, cause the entire unpaid
babnce to become immediately due. and payable.
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This note shall be due and payable at the rate of $4,546.50 at the time
of closing of each condominium unit in a condominium project to be known
as "PINES GOLFDOMINIUM"; however, all amounts due under said note shall
be paid in full no later than twenty-four (24) months from the date
hereof. Privilege of prepayment in whole or in part is granted unto
maker. This note is secured by a mortgage of even date and is subject
~ to the terms and conditions therein expressed.
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{
ENNIS H. ~ DONALD C. PROCTOR CON=
STRUCTION COMPANY
t ~ ~
BY ~J• SEAL)
r s roctor res ent
~ (CORPORATE SEAL) - sou.
Ato. _ Due ATTE st:/U.
Ga Proctor, Secretary
s -
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i ao`t~336 ~~c~ 554 .
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