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~ ~o iiaue ~nd to ~iold Ihe aame. (ogrlhe~ witti Ihe lenemenft, hered~tame~ta nnd appu-le-
aanc~s f~~Preto ~e~onging, anrl fhe renta, issues and pro~ils fhereo~, unto Ihe mortgagee, in ~ee ~implp.
T11~~ f~se morfgago~ covenonls wilh Ihe mortgagee I~at !tie morfgago- is inc~eleattb~y setzed o~ anid
land in Jee simple; fha! Ihe mortgagor has good ~tgl~t and law~ul authortly to rn~vey :oid land as aforo-
s~i~: t{~ut the morl~agor u~i~~ ma~e such (urfher aasurances to per~pct !tie ~ee simple tills to said Iand in fl~t
morf~af~c+e as may reasona6ly be req~~i~etl: tha! tl~e mo~tgago~ he~6y jully wa-ranb tl~e litle to said lund
an~i u~ill deJend the same against the law/ul claims of all penons wl~onuoever: a.-d thot ,a~d bnd ~, J...
and clpar oJ all encum6rances .
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~~V~d~ ~1lWAys~ fhat i~ said morlgagor shal~ pny unto snid mo-tgagee the c~rtai~ promis-
sory nole {~ereina(fe~ su6sfantially copiec~ or i~entijiecr, to-wif:
MORT6AGE NOTE
RAlICO FORM 53
i 2, 000. 00 Fort Lauderdale ~ F~~d~
December 17 . ~9 80
FOR VALUE RECEIVED~ the undenign~d~ (jointly and xverally. i( more than one) promises to pay to
DOROTtiY M. DIXON -
- . or o~der~ in the manncr hereinaftcr s{xcified~
the principal sum of 'IUlO THOUSAND-------------------------------------------------00'100 DOLLARS
(; 2~ 000. 00 ) with interest (rom date at the rate ot 12X prr cent. per annum on the balance ttom time to time remaini~R uapaid.
The said principa) and interest shall be payabk in law(ul money of the Uuited States o( America at ~qN~ '~la• (DN~ ~J~ . ~
•
~~0 MP~~~% ~~1 ~ FL`1- ~3~~'r at such place as may hereal~~r be d~•siqnated by writt~n notice (~om ihe holder to the maker h~r~o(~ on
the date and in tF.~ manner tolluwing: '
Repayment shall be made in eight semi-annual payments of principal and interest
of $316.02 payable the 17th of June and the 17th of December commencing in
1981 until December 17th of 1984.
This note may be prepaid in part or in full at any time without penalty.
This note with int~rest is s~cur~d by a mortqxq~ on real estate, of ~ven datt h~r~•with, made by the maker hereo[ in (avor of the said
pay~e~ and shall be consttued and enfotced according to the laws o[ th~ State o( Fbrida.
~ I( dcfault be made in th~ paymrnt o! any of the sums or intcrest mrntioned hcr~in or in said mortgagc. or in the prr(ormance of
a~-y o( the aqreement~ contained h~rein or in sxid murtgage~ then the entire principal tum and accrurd interest shall at the option of the
~ hold~r hrrco( lxcome at once due and colkctibk without notice, time being o[ the esseoce; and said principal sum and ac~ru~d intenst
shap both b~ar inter~st (rom ~uch time until paid at the hiqhest rate albwabk under the lawa o[ the State o( Fbrida. Failure w~zerci~t
~ tt~is option shall not constitute a waiver of the right to ex~rcise the same in the event o( any subuquent default.
t
i Fach {xrson liable hereon wheth~r maker or endorser~ herebp waices presentment. protest~ notice notite of protest and notice of dis-
} honor and agr~es to pay all costs, including a reasonabk attornty'~ f~e. wh~ther suit be brought or not. i~, after maturny o( thi: note or default
hereunder. or undcr said mortga4e~ counsel ihall be employed to collect this n e or to protect the tecurity o( taid mort~taRe.
~ H~'henevcr uscd herein t6e tertns "holder"~ "maker" and "payee" sba construed in the sing lar or plural a the co~~text may
require or admit. ' ~~~~ ~ ~~~
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I-(akti a Address -••----•- •~ ••• -•• -~
s~ ~ `j '/ NOLDS T. MONTFORD
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