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~ ~ ~'o ~taue and to ~old t~~~ same. toE~c~l~ier tvilf~ I~ie tonemerils. {~ere~Iilumenls anc~ c~ppnrfe-
n~u~rc~s I~ir~<~fo ~~e~o?i{~infl. nn~~ Ijie r~~nts, issues anc~ prolils f~~ereo~, ~unb I~ie mort~ageP, tn jee s(mp~e.
f~~~~ ?nc,rl{~a~or cone~iants ~vii~i f~~e~ mo~lf~n{~e~ I~~nt fj~e mort~a~or ls lnc~e~ensl~Iy selzec{ o~ salcl
~~~nc~ in ~ea simp~~~; i'~n! 1~~e morl~a{~ar ~~ns 4~oocl ri{~Iit nnc~ ~ntv~u~ nuf{~ority lo ronc~ey sald lancl as ~jore-
; sni~l: tliat tli~• ntort~aE~ur iuill mnke sucl~ ~urtfier asseirances to per~ect !he f ~e slmple+ 11tIe lo sai<I Ianc~ dn the
ntorft~a(~r~ ~s may reosana~,~y Ge requirecl; 1{~at I~~e ntorlpa~or 'iere~y (u~~y warrantt t~ie tll~e to satcl ~anc~
~ anrl u~i~~ ~r~~c~n~l 11~~ snmc~ aF~ntnst II~e Inwju~ c~at~ns oj a~~ person~ cuhomsoever; an~l t~~nt satc~ ~anc{ is ~ree
~~~~d ~~1~~<~~ ~~l ~~lt encumlirnn~es , except taxes accruing ~subsequent tn December 31 , 1981
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^ j ~rou~ded ~llways, f~in! i( sni<~ mort~dpor s)sal[ nay w~to sai~ mortyagee Ihe ceriain promis-
~ ~j sory rtot~ ~ieteinn~ler su~~stnnfinlly copiet~ or it~entlJlecr, fo-wit: ~
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~ MORTGAGE NOTE ~ ~ ~ - ~ NAMCO ~ORM E]
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358,500.QQ _ . ~..~.~lr~.~ ~ .
~7 , ~s ~
~ FOR VALUE RECF.I~V~D, the undersigned, (jointly and sc~~rrally, it morc than one) promis~s to pay to ~.J .
~ ~ DONALD E, MERZ & SUZANNE N, MERZ. his wi~e
~ , or order, in the rnanner hereinafter ~pecititd,
the.principui :~m oi FIFTY EIGNT THOUSANp FIVE HUNDRED AND NO/100~~----_*---_~-~~~~~~ /100 DOLLARS
58~5~~.~~ ) with intcrest frnm datc at the ratt of ~ 3 pcr ccnt. per annum on thc balanco fr t' e o.ti em n aid.
~ . c j'~ ~u~ i e"~~n~' .
The said principal and interest shall be payable in lawful money of the United States of America at ~Q.~ ~Q~ S. U. S. 1
~ Jensen Beaeh~ FZ 3345~ at such plact as tnay hrn•aftcr be d~•siSnateel by w•ritten notice [rom the holder to the maker hereof~ on
the date and in thc mannei follawing:
Princlpal and interest due and payahle in Fifty-Nine .
~ ~ consecutive monthly installments of $647,14, beginning.
~ June 15, 1982 and monthly thereafter up to and inciuding
~ April 15, 1987, then on May 15, 1987.the remaining
~ principal balance plus interest will become due and payable,
~ ~ -
~ . . . .
~ . TNE MAKERS RESERVE THE RIGHT TO PREpAYMENT AT ANYTIME ,
y . WITHOUT P~NAL.TY, ~
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This note with interest is secur~d by a moitgagc on real estate, of c~•er~ date hrrcwith, made by thc maker hercof in favor of the said
payee, and shall be construed and enforced according to the laws of the State of Florida. .
~ If dcfault b~ made in the payTnent of any ot the sum: or interest mentioned herein or in said mortgage, or in the pcrformance ot
any of the agreements contained herein or in said mortgage, then the entir~ principal sum and accrued interest shall at the option of the
# holder hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrucd intercst
shall both bear interest from iuch time until paid at the highest rate altowable under tht taws of the State ot Florida. Failure to cxercise
this option shall not constitute a waiver of the rigbt to exerc~u the same in the cvent o[ any subsequcnt dcfault.
Each person liable h~reon whether maker or endorser, hereby waives presentment, ptot~~t, notite notice o[ protest and notice of dis•
honor and agrecs to pay all costs, including a reasonablc attorney's fee, whether suit be brovght or not, i~, atter matur~ty of this note or default
hereunder, or under said mortgage, counsel shall be employed to collect this r~ote or to pratect the security of said mortgage.
Whenever used herein the termf "holder", "maker" and "payeo" :hall bc construed in the singular or plural as the contcxt may _
rcquire or admit. l ~
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I~iakcr's Address " ~ .............(SF.AL~ ~
/ arold 6, Po~ts
702 Penny Court .:.................................................~--.......:.....:..................................~se~L>
Manchester, MO 63~11 Yirginta R, Potts
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