HomeMy WebLinkAbout2211~rpuidpd ttl~utt~~c, that af stti~l• .~Kort~'a}or sh«lt p~cJ u~ato tl~e ,c«i~l. .Alortgagee
t/~~• certain J~i~nsis,cor~ notP, vf rrhich. the follou+in~ in irurvlc nn~l fi~S~crPS is R trice coJ~r~,
=...4 t.z00.~ OOO..OO... STVART. ~,o~~a.. ..........p~~~.mt~~~..... 3v...... »..~.Q....
FOA YlILUE AECEIVEO. tA~ uaders~Qn~d. Jointir aad te~eraUr. PROMIS~ TO PlIY !o !h~ ord~~ ot ........ ............................................
....JUPITER., HILLS BE~1C~...~Q~.'~RA~~4~1......a...~'.l.o~i~d.a...car.para.tian.~ ..... ................
........ .... .... ........... ............................ ...
......----FOUR t4ILLION~....Tt~+~Q...(~U~Ii?R~~?...~HO[1S.A-NQ...AHQ...NO./.1aQ.....(.54.,.2.OII,.Q.U.D...0.0.~.----DOLLlLAS.
. . ........... ...........................
a! ......._.-•• ....... ......... ..............._..._......................................................................................................... c~n pl~n as !h~ hold~r
c'~S"5@t'~1.~ D~~
h~rwi mar d~aiQn~t~ in wrilie~q. loqefh~: ~ith iate«s! icoas dat~ at !h~ rate o! ..... f...... on th~ uapaid
b~laac~ unlll matusitt. Th~ s~ld pttodpal ~nd iai~res! shall b~ due sad paYsbla ss Iollows:
This Pranissory Note is for a term of five (S) years from date and shall bear interest at
the rate of ten (10.0$) per cent per annum or at the New York prime rate as esta~blistred by
~ the Criase Manhatten Bank, whichever shall be law~er. Zfie interest rate shall not be adjust~
mr~re frequently than m~r-thly on the date above. Interest on the w~aid balances due fran
~ time to time shall be payable annually beqinning one (1) year from date arid the pri.ncipal
~ shall be payable in three (3) eclual annual instalLnents of OI~ btILLION FOtIR Ht~IDRID Z'NdUSA
($1,400,000.00) DOLL~tS each beginning dlree (3~ years fran date and annually thereafter
until paid in fuli. r~eAxr~rrr r~Y ac r+~ nJ ~ oF r~~rns~r wrr~ocrr p~rr5r.
ZIiIS Nl7iE IS SDCUR~~ BY A PUR~IASE P90i~'Y ?Y~R'PGd1(£ ~1I~ID T!-IE M~RTGA~E PNU HQLDER OF THIS N(yIE
VJILL IrOC)K 90IE[,Y ~ TNF IAND D~SCRIBID IN Z!{E NYJP~C'~4GE FUR ~iE SDCURITY AP?D PAYN~Nr OF THE
i~K7IE AND NDR'1~G?1CE.
~
~' If ~el~alt M~~ /M ----30-..... ~f~ M~ t-e ~~~eK ef ~w> Iw~taldewt d-H~cfMl K I~tere~t K~w~ Mrt t-see~/. t1e ~hsle ~o~ t~ew r~mal~iw~
un~~N ~riti later~st ~WI at MIAer'~ Ntiwa ~ecewn iw ~wd Parabb vrit-e~f *etice ailur e:ercis~ ~ucl ti~w aAdl w~t ceaslitnte a adter d ~6e
~j~~~p„~~k~yyy~~./~se iw 11w ~vnt ~f ~u~spwwt ~elault.
~~1W~idL~iliL1~Wl1C 11t a~aken uJ ~~~w~ers ol tAis wote ur~ er ~~ ve~ f~na wiot ~ce •~ew-~a7e~~~~t a t-ote~~. • note ~ ws •
matrAlr awJ l\e use Ia -lu~/ oi~~ ~p~y _t~rse~l~~~y . t~~~~lIlCl~c~i14N~YllE.'Gl''~#-',e`re'st°'s~°'ia~`~ bear"d'~#e`resi
~ cssb ud rr~sew~-b ~tt~~ Ik~. E~tLE:L ~~1.
r at the rate set forth ab~ve until paid in
~ THE HOLLINGS4rTORTH PARTNEFSHIP,...a..._.. cs~tl
.... ...
'Florida"Fartiiersfiip; '~-~~
PROPER DOCUMENTARY STl1l~fPS g HOLLINGSWORTH PROPERTIES, INC.
AFFIXED TO ORIGINAL MORTGAGE. --...-----• y-•---.........~-•--•--•--....... -• ................................... . ... ....... .... .........lsF.~4L1
~~a Florida corporation, t~tanaging
~ General Partner
---....._......_. .-•----...-•-• ...................................... .......~---------.._....--~•--•------ -..._. tsEwi.~
By ;/s/ E. L. Hol l ingsworth +S~L~
- -........
--- - ---•----......-.E . L. Hol l ingsworth,'- -President
an.d sha.ll pe~ for»i, coni pl f ztrith ancl. aLicle b~f each ~»-d ever~~ the stinrilations, a,sree-
nteiats, cnn~litions aird covenants of sni~l pr~~rnis~iiri~ ~tnt~ ~tn~l of' this rlee~l, lheia fhi.s
il~•r~~i ~~~i~/ //r~~ estat~ /rereGJ crcuted shall cccis~ «iecl Le ,e~cll cc~ed Loicl.
~IZI~ tlie suicl ~llortga~or kereLJ couenants aird a~recs:
1. To ~N~~j ~ilt an~l si.~tg~eltnr the principal rtnd int~resl ~rnd otlr~r srcnts of »toney
~H~~u.Ll,~ L~ virtue ~f' sui~d prontiss~r•r~ not~~ uuc[ thia rle~~l, or eitt~ei•. prnni/itly uir thr
days respecfively tlie sa~lae seueralLJ conae cl~ce.
?. To >>uJ all aiad .singal~rr tlte ta.~•es, atise~c»ients, levies, Ii.RLilitics, obli~safioi~s
aiid e~acrcnzbra~rccs of er.erj natrci~e oir «iid ~Iesci•iGc~cl properti~ eacl~ un~l eve~~~, and if
t/re sanae Le itof proniptlJ >>aitl tlte ,said. ~tli~rl~a~r•e nttri~ at a~r.J tinte ~iu~~ t/re same
it~itltocct zt•aie+iii~ or ~i~j'eetin~ tfte optinir tn ji~rc~closc~ or ani~ i~iol~t /iei•erc~r~lE•r, niid ev~i~J
J~afntettt su »cude ~tihct[l becu• iieterest fi•~~~a the ~lute tfrereof at t/re rate ~XXXXXXXX~,Yr7~
~~X~f~X~iXXc34XX set out in the promissory note for payment of interest
on said note.
3. To paJ ~rll a.rrc~ sin~rcl~ir tlrc costs, c/rar~es ~rnd e.r>>euses, irrclr~clin~ Iarvye~'s
fees, reasonuG[~~ incr~rr~rl. or paid at uiiJ ltme LJsnid .~11ort~sa~P~~ Lec~r«s~ oJ't/~r firi-lrca•e
oir. lhe pczrt af thn sui~l ~-llnrl~sa~oi~ to ~i~~~ fi~ri»., cnnz~il~~ ri~it/r ~iu~l. ~iLi~fe hi~ Pach c~nd
er~erJ t/te stinrclati~~us, co~i~liti.oirx u~i~l care~~rnntti oJ' cui~l /~ronriss~~rJ irotemrcl t/iis t~~ed,
or eitlter, a~t~l c~i~er~ such ~~uJme~rt shccll Lcar iii.tcrest fi•ou~. tlate nf the rate ~~XXXXXXX
XXXXXXXX~~Y~XX~Gl~KISf~~iD~}~X set out in the promissory note for payment
of interest on said note.
.~. To keep tlte btcil~ii~~s iiorv or Itereafter o~r s~ci~l l~~n~l i~rs~tr~~l iir ~r cir-in ~rot le~ss
th~~a -----INSORABLE VALUE---------3fA~iX~iX, iir ~r C/llll))/l/fl~ ~r rnnr/~uni~~~ t~ L~
appi•ot~r~~ bJ saiil ~1lorlau~ce, an~l 1/~~ polici~ oi• ~~oli~;i~s h~~l~l. Gi~ «~~~1. ~~r~~~ut~lr~ /o «~irl
r11oi•f~a~ec, « nd ii~ th~~ eve~rt a~t~~ .ii.~ii a/' iu~~ri~•i~ G~~~~uruPx ~i~t~~uGlr ~t~rilc~i• .nc/i Jiolicf or
poli.cies, th~• ..llort~%~i~r~ ~/~ull• l~~ti•e lh~- ~~/ili~iii ~~i i•~•r~ir~ ~iiic/ a/~~iIJ f/~~~ .n»>~~ ni~ nc•~onirt
ot't/te i.~ttleLle~lirrss hereb~/ : i~cici~~i1 or to ~~~-vitit Ih~~ .;Ilnrt~a;iii• tu r~~c~ire an~! ~i~~~ it, n~~
a~r~f Jxc.rt t/rc~re~~j: /i~r otl~er ~~~t~~~i~s~~x, trithi»~l Ilirr~hJ ~rnir~iir, nr iii~~~~~ii•ii~~ nu~~ e~iri/r~
lie~r oi• ~•i~ht rti~clc~r or Lr~ r.irt~~~ ~i/' thi~ ~n~-rt~t~~P, ci»~! nrnJ ~~lnr~ n~id ~~a~~ j'or sr~ch
i~asrcra~tc.e ar tt.ir.i~ /icu•f f/r~reoJ; r~il/~n~~f rc•c~i.t~ii~~ iir njji~eti~~~ thP n/~/ruu f~~ ~~~rec~lui~ or
aitJ ~•i~-/at he~ercnrler, (l)ICI. PfICIG Q.II(~ C(~PI•~~ x~c~/i /i«Jiit~i~t xh«1/. br~t~• iiil~rrst Jrn~~~ ~lrrl~
ctt t1te~~EI~~CXXXXXXXXXXXXX~r}~i~~fXKr~Xr3fiX set out in the promissory
note for payment of interest on said note.
~ g! 1KJ~~ P~r,E~~~~
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