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All of Block eloven, Indiml River Farms Company's subdivision to the City
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of Vero. ?lorida.
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The party of the second part shall have the right herein to release any In-
divid\~l lot or parcel in tho herein desoribed block by paying to ssid first porty
the Stun cf seven h\U1dred dollars for eaoh individual lot released, except lots one
seven, eight, or fourteen, whiQh shall be released upon payment of the sum of eight
hundred dollars per lot. All release payments shall be applied as payments on the
next maturing notes of the saries under the mortgage from time to time unpaid.
v::.~0 Fn:All CE &; n.n>~O~,~.T CO;lPO!U 1'101. .
Harold S. Cook
F. Fred Acker.
By A. U. Hill. President.
John Le~oy Hutchison, Sec't.
B. J. Wood.
and the soid I'arty of the second part hereb;,' covel;ants and agrees to pa:; to the said part:,' "of
the :first part thc sum of SEVEli THOUSAliD ?IVE m.::mRED DCLI.A.~S, i~ i:he ruar.ner following
e1375.00 oash on or be~ore December 7, 1924.
e1875 on or before Dec~:ber 7, 1925,
$1875 on or before Dece:::ber oj, "1926, and $1875 on or before December 7, 1927, with the deferred
pa~r.ents represe::ted by notes, duo in one, two ar.d th~ee ~eers respectively,
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with interest at the rate,ot eight per centum per ennum payable semi-annually annually on the
whole s~ remaining from time to time unpaid; and to pay all toxes, assessments or impositions
thp..t may be legally levied or imposed ll!1on 661 d 16tHl 5n'bse~lHmt to the year 1 :24 end to keep
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the b~ilding3 upon said premises insured in some compWiy satisfactory to the part of tee first
part in a s~~ not less than
Dollars during the term of tnis agreement .
;.no in case
of the failure of the said part of the second ~art to ~ake either of the pay~ents or any part
thereof, or to perform an] of the ,covenants on his pert hereby msde and entered into, this
cnntract shall, at the option of the party of the :irst rar~, be
forfeited and terminated,
and the party of the second pert shall forfeit all peywents aade by him on this contract; and
such payments shall be retained by the said party of the first in full sp.tis~ection ar.d li-
quidation of all damages by it sustained, and said part~. of t~e fir3t part shall have the ri~ht
to re-enter and take possession of the premises aforesaid withou~ being liable to a::yaction
therefor.
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$1875.00
Vero, Fla. October 9, 1924.
Cn or before Dec. 7, 19~5 next, after aate, I, ~e or either of us pro~ise to pay to the
order of Vero ?inence & Improvement Corporation, Vero, ?la. ~ighteen ~undrod seventy fi.e
Dollars at the ?armers Bank of Vero, Vero. Fla.,
?or value received, with interest after
date at the rate of eight per cent. per annum until paid. interest payable semi-annua~ly.
The holdEr of this note being expresslr authorized to re:ain any general or speci~l de-
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posit, collateral, real or personal securit~ or proceeds thereof, belonging to the undersigned
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now or hereafter in the po~sesalon o~ said holde~, during the ti~e this note re~ains unpaid
and at before or after maturity to apply the same to this or any other debt or liabilities of
the undersigned to the 88id holder, dne or to become due.
~:ow. should it become neceesar7 to collect thi~ note through an a~torneJ' either of us,
wheth~r waxer, securit7 or endorser on thia note, hereby agree to pay all costs of such
c;:,llections. including a ree.soJ'.able atto:-lJey's fee. The drawel'3 and endorsers sc\'crally waive
presentr.lent for pa~r~ent', protest and notice of protest for non-"aynent of this note.
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(Seal)
P.O. Address
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