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30 ~iaue and to ~otd
the same, logetlrer with the tenements, hereditu?nents and apptute
nancPS Iherelo helougirtg, mul 1hP mnls, issues and profits Thereof. unto the martgagee, in fee simple.
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! lti~ fhP mortgagor co? Pr?anls with the mortgagee that the mortgago? is indejeasi6ly seized of said
land i?? /eP simple: Ihnt the mortgagor has good right and lawful authority to convey said Land as afore-
said: that tI1P mortgagor urill malre such further assurances to perfect the fee simple title to said land in the
mort~tatteP as may reasonably be reyuirPd; that the mortgagor hereby fully warrants the title to said [and
! and will deje?td the same against the lawful claims of all persons whomsoever: and that said land f: free
j and char of all ent•um6rances •
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~i ~rou~ded i~lWayS, that if said mortgagor shall pay unto said mortgagee the certain promis-
e sory note hereinafter substantially copied or identified, to-wit:
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•'••~i r~wntrr ~L'l~l CI~i~1Jl~'!I~'1`~r V Numtvr B~xrower RONALD E. & DONYA M. RI CHARDS
IPlease Prue! I
a 9us~ness ~ _ 1
F: ~o fir c ~ <; ~ - n~ : • , ; - ~ 1128/81 '
PROMIJSSORY NOTE i
• 420 5_ 80,000.00 No. ~~t~ f Ind~anatwl~s, Indiana. October 30 fg 80
. . , 0332 '
Ninety (90) ~
days after date, the undersignec) (jointly and severally) promise to pay
~.t% to the order of THE INDIANA NATIONAL SANK, INDIANAPOLIS, INDIANA ('Bank') at its ,
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J E A1a~n or any Branch Ufhce, Ei ht thousand and ------------------------------00 ~~00 Dollars, '
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'g] $ with interest at the rate of 2~ percent per annum above the prime rate of interest of the Bank, from date
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until maturity, payable at maturity ,After maturity, whether by acceleration or otherwise; interest
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k' shall be payable at the rate of _ 4? percent r annum above
Pe the prime rate of interest of the Bank, until #
A paid, with attorneys' fees, and without relief from valuation and appraisement laws. Interest is computed on the basis of t
TDV a 3fi0 day year. Any change in the rate of interest payable on this promissory note resulting from a change in the prime t
Interest rate of interest of the Bank shall become effective on the same day as such change. '
Secured by ID Mortgage on eight (8) condo units in Florida.
Payment
-~c;red/Secured This Note and any extensions or renewals hereof is secured by a Security Agreement dated N/A _ , f~--,
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nar~ng Rate executed by the undersigned in favor of the Sank. If this Note is not paid when due or if there is any default in the per-
formance of the obligations or condition; set forth in the Security Agreement, if any, securing this Note or if at any time
the holder for any reason deems itself insecure, then in such event the unpaid principle together with interest shall, at the j
option of the holder hereof, immediately become due and payable without notice or demand. The makers and indorsers 1
severally waive presentment for payment, protest, notice of protest and notice of nonpayment of this Note.
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ADDRESS 15217 Valley_ View Dri vp ~ .7? ' ~
Cannel Indiana 460 ` .rC_Q, 1 }
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?:0 X071 REV. 11-76
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