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TO HAVE AND TO HOLD the same, together with the tenements, hered:t- '
aments aad appurtenancea, unto the •aid Mortgagee in f~e ~imple.
And the said Mortgagor does covenant with said Martgagee that said •
Mortgagor i~ indefeasibly seized of aaid land in fte simple; that the aaid Mortgagor
has full power and lawful right to convey ~aid land in fee 9imple as aforesaid; that
it shall be lawful for said Mortgagee at all times peaceably and quietly to enter
upon. hold. occupy and enjoy said land; that said land i9 iree from all encumbrances;
that said Mo.rtgagor will make such further aaeurances to perfect the fee eimp2e
title to 9aid Iand in said Mortgagee as rnay reasonably be required; and that said ~
Mortgagor does hereby fully warrant the title to said land and will defend the same
against the lawful claims of all persona whomsoever.
PROVIDED ALWAYS, that if said Mortgagor shall pay unto the said Mort-
gagee that ce=tain promissory note of which the following is a substantial copy, .
to-wit:
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;fCO; i:.~iF 1'STaLi."E'~i P42~'!1~'ORY ~101E • .
z 42,525.00 ~T ~;UDERpµE, ~oaia ~ t9
R YALUf RFCEIYED, ~E. T;~E ~`~DERSIG'~ED. DO JOtht~r ~.vD SEVER4lr ~ROMISE i0 P~r IN.I~tfUl MO.VEY QF TNE (jtltEO $iATEi OF jiJ~FRICA, i0 tME OiOER 4f GENERAI
DEVEL~OPMENT CORPORATION, a Delaware corporation authorized to do business in the State of
Flarida
AT T
ql JIT SUCM OTHEp PL1~CE AS TNE NOIDER OF THIS HOTC SMAII IM WRlTI~G l1ES14'J1tE, THE PRIBCIPA~ SU11 OF Forty~ IWD Thousand Fi ve Hundred
Twenty-Five & nol100 (g42,525.00)----------------------------------------------------~•
YI1!+ iH~ENfST TH;qf~+ FA'JM ~Ce~er ~4~ i9~~ A1 IHF RIITE OF 9 ~~Zp_ _ VERCENTUM iER annum
VAr~dIE A.tD AMpiliEO BOTN PRIN
I~AL ~D ih~~~1 M~ ~ Ft~~ID~~- .
Both principal and interest shall be.payable in two (2) equal annual installments with the
f i rst i ns tal 1 ment of pri nci pal and i nterest due December 14, 1982 and the seco nd i nstal 1 ment
of principal and interest due December 14, 1983. This note shall be prepayable in wholE or
in part at any time without penalty.
This Note is secured by a Purchase Money First Mortgage of even date herewith.
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i ~11 11i[ EYEM1 AYY INST0.LLIEYT G~ Pi1iNC(Pl~l OR ?YTEREST ti MOT 941D YITwIM .Y ~ J WTS AFTER TNF SAIE BECOES DI~, TIE MiOIE
Of ~IO AGGpECrtiE 1krJfSTEDhESS HFpFF? EvIDf~CCD SN~It ~nwN ~uTO~uti_~~~., yiTN7A1f1$TT p; ~i pllrl~E. IM TNE EYErT Of Stt[N A[CFLEMitON t~+!E-
E THEN AUTOIMSIC OR OpT~(XvAL) Oi THE.lt~ftuAtfr Of 1tiE ~:.GREGAtE IkDFBtEDnfSS. INTEAfST AT !NE AROYE RATE SKAIt BE CO!~U1E0 AMD !f REQUIRED TO Rf IA10 UMI~ p1 -
~ TME tMVAID AGuAEG~iE'PRIVC(VAL l.tiT-Il TNE SA1F !S OAI~_ ~1CN CO~U?ATIUY IY1D E=ACT[OM Of SK[EREST SWLLL ERtLliOE 'UifJ1Nl1E0 IMTEREST' WICM tYl1 6E 01lERY(SE
f 1%QU~O IN E~CM I~Iiilll ~NS11lll~ENT, M~THING MfAE1N TO iME CCt1TRAA1 nor~tTHsru~o~as. !~o o[«r er THE iAtEE 6N M10l~it OF THIS lIOiE IN ENfOR{ItIG iHF iER16
~ NERfOi SWLLI EYER !E COnSYRUED AS A ~AIYER OF n15, HER OR ITS RiC~+T !0 EVfORCE TME SApE. jNE UEBT EVIOENCEO 8~ THIS MOTE, liJ1Y1~6 01fCE SEEN ACCFLERATEO 8r
REASON OF C~FidAT, Gy'+OT BE GfCE~ECATED, SAVE 0.~D fttE~T (t ) er An ~NSTRUrENT iM MtITING EiECUTED uM0El1 SEAt S? T~ F+OC~R Of iX15 IW7E AND (2) SUPPCRTEO
t1 IMOEVfNOEKT GOOp 4h~ YALUI~71E CCMSIOfRATlON. Ti+E ACCEOTAy(F S~ tME NOLpER OF TN[S KOTE Of VAIt~ VMffi(T 011 ?IUiT iFRfQN1V1NCE Sli~Ll !qi Sf TRFAiED 1LT CtlR-
~ ~116 AMt CEfWI,i, Mp1 Sw~ll SJUE OPEAAIE AS ESTC~PVfI OR WI(YEi1.
[ ?~1 SNOUlO ti SECC~E rEtESS~ai t0 c0«E[i ~N(S MOiF rNarwfN ~M ~TTOarEr, EITHER OF US ~MEiHE4 M1~r.ER OR f1tDONSfN ON THIS NOiE. ~€REEr Af~tFE TO PM~ All
i CCSTS SUClt C61lfCTi0f1, iMC1~DI:fG A Af11SONABLE 4TTOtLYEY'S ~EE alL MI~KERS, EMDCRSERS 1lND O~NER DARiIES LIAlLE i1E11E0l1 SEYERAll7 WIYE VRESENTIEIfii, PRO-
TESt AND NOTICE Of DiS~OA. AnD CONSENT TNAT TtrE OF ~Ai14Ni MA? SF ExTEMOED YITHOUT lqTICE T1IERFOF.
~ jME W1[E4S I.~tD fN0~R5f0.5. ~ti0 KL PfASa+i w(? ~~'tE ASS~?EO THE OBIIGftON TO DA? iM15 ?Rd~ISSON7 NOTE, DO NEREB~ CERTtir, WqRAnT ANO REvRESE~T U+RO
PAiEE AND MOI~~.Eii Oi TN(5 M6TE AS FOllOYS~ (A) THAT d~~ TAIh(~ R[QU~R[D 8r LR4 Ta ~ HAO 1U10 DONE, AND STEK il1K[N IM ORO[R i0 ~NLE TMiS A YAl1D OBIIfJ~-
lION. NA~ BEf!1 rUi.D, TAc~N ~w6 00.hE; (8) ikAT 1~it pEgi f'~I~JEMCtO ~fREar ~1fID iN15 DRpMiSSOR? MOTE !S A YALID SUdSli~1!1G DESi ANO MEWTIABI~ o~ipMI550R4
i10TE: (C) TNA1 1NE M1tERS.AnO E!IOORSERS lUl~ A~~ DERSGrS iM0 WIYE ASSIA[0 tKE OBLIGIITIQI i0 ?At tM[5 ?e~tSSORr +t~rf Mavi b6 OEFExSE r~fAt!~S7 iME EMfORtE-
MENT OF TNIS PRQM(SSORt t9i(; (fl) if5A1 A CCCAT, Y1Te~t;T TNE INiERYE4rlON 0~ A JUq?, UDqI'OTION ~ StlllNR~ JUOGIEl1T OR ~CRfE. 1Mt DETE~M~NE Ary~ 11D,)Upt-
UiE Ill SutS GF ~D~+Er NEREWrOER, IM0.u0ING, BUT n0T iIMiTED T0, PA1KCIVA , MTEREST, AEAS ATT •S FEES, LI(ICdTId1 COSTS /u~U OtrFp E1pENSES.
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~ R R. N, I~ idually and as Trustee
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s And shall promptly perforrn. cornply with and abide by each and e~•ery .
: t~he etipulations, agreements, conditions and covenants of said promissory note -
' ~nd of this deed, then this deed and the.estate hereby created shall cease and be
` nuil and void. -
~ And the said Mortgagor. hereby does covenant and agree: ~
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~ 1. To pay all and singular the principal and iniere~t and other sums of ~
~ money payable by.virtue of said promissozy note and this deed, or either, promptly
on the days respectively the same 9everally become due,
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~ ao~x 36~ P~~E 958
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