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To Hnve a~d to Hotd the snme. topether with the tenements~
heredttamenta and eppurtenancea thereto beton~tnfl. and the rents,
issuas and profits thereof, unto the mort~e~ee. in fee simpie.
~ And ~he mort9apor covenants wtth the mort~agee that the
mo~t~agor is tndefeastbty seizad of seid tend in fee stmpte; th~t
the mort~e~or has ~ood rt ght and tewfut authority to convey said
tand as aforesaid; that the mort~agor wiit maka such further
assurences to perfeCt the fee stmple titte to snld tnnd in the
mortgagee as may reesonebty ba requtrad; th~t the mortgagor hereby
fuliy warrents the titte to said tand and Wlli defend the same
ageinst the iawfut ctatms of a1~ persons whomsoever; and that satd
iand ts free and c~ear of att encumbrances except those taxea accruing
subsequent to December 31, 1986.
Provtded Atwsys. thnt if satd mo~t~e~o~ ahait pay unto aatd
mort~apee the certain promtssory ~ote herstnafter aubstantiatly
copied or tdentcfied. to-wlt:
MORTGAGE NOTE
~ 1987
BROOKLYR;~NEW YORK
s20.800.00
FOR VALUE FiECE{VEO, the undersiyned. (Jointty and aevera!!y, if
more than one) promtses to pay to
SOUTH FLOR 1 DA UNL 1 M 1 TEO AAORTCiA(3E O~RPORAT ION ~ A Florida Corporation
or order. tn the manner hereln~fter spec~fted. the prinClpat sum
TMIENTY TFpUSIIt~ E 1(iHT HUMDRED AND 00/ 1c70 OOLLARS (:20.800.00 )
wtth tnterest from date at the rate of 10.000 percent, per
annum on the balance from l~me to remetntnp unpaid. The sasd
princtpal and tnterest shalt be payable !n Iawfut money of the
Un~ted States of Amertca at:
1723 ELIN AVE..~BROOKLYN. NY 11230
or at suCh plaCe as may hereafter ba deslpnated by wrttten notiCe
from the holdar to the maker hereof, on the date and in the
manner foltowing:
f20.800.00 PAYABLE AS FOLl01NS: .
In consecuttve month~y tnstatlmenis of t27~.89, inctudtnp
tnterest at the rate of 10.000% on tha 1ST day of each month
baplnnt~~ JUNE 1. 1987, auch nwnthty Inataltments shati continua
untit the enttre lndebtednesa evidenced by thts note ls fulty
patd. except lhat eny rematntnp indebtedneas. if not sooner patd
E • shatt become due and Dayab~e on the 1ST day of MAY. 1897.
! Th~s note ~ay be paid t~ pa~t r in full at any t?me without
~ . penatty.
~ `
V
Thts note ~?lth jnterest is secur by a mortgape on real estate.
of even date herexlth. made by the maker hereof tn favor of the
said payee, and aha11 be construed and enforCed accordjng to the
lews of the State of Ftortdt~. The terms of satd mortpage are by
thts reference a~ade a part hereof.
If defauit be ~+ade tn the payment of any of the suns or tnierest
a~enttoned herein or tn satd mortgape. ar tn the performance of .
any of the apreanenta contetned herein or ln aatd mort a~e. then
the entlre prtncipal sun and accrued tntetest shail at ~he option
of the hoider hereof baCame at once due and coltacttble Nithout
notice. t une betn~ of the essence; and aaid prtnctpal sum and
accrued tnterest shatt both beAr tntarest fran such ttme unti~
pa?d at the h[pheat rate atlor+nbie under the State of Ftortda.
Fallure to exerCtse tht~ option shatt not constttute a walver of
the rt~ht to exe~cise the same in the event of any aubsequent
default.
Each person itabte Aereon whether a~aker. o~ endarser. hereby
walves presentmeni, protest, notice, notlce of protest a~d notjCe
of dtshonor a~d apreas to pay alt cosis. inctudlnp a reasonabte
attorney's fee. whether suit be broupht or not. ~f after eneturtty
of thts note or default hereunde~. or under satd a~ortpape.
counsel shalt be anployed to coltect this note or to protact the
e+ecur tty of sa td ~nort~a~e.
Mhenever used heretn the terms 'hotder•. 'maker' and 'payee'
shat~ be construed in the sinputar o~ piurai as the context may
requfre or admtt.
Proper docune~tary stamps ~ (SEAL)
have been afftxed to the
mortyepe securtnp thts
note.
(SEAL)
ar,~c
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