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The S?uth one half (si) of Lot ~vo (2), Seotion Elvven (11), Townnhlp
Thirty..four (M) South, ~ange Forty (40) EnB~. Thia Tl'uet Deed and
sud the n.;.tes hereby secured are given 08 !,ert of th., purchase prioe
of theafQr~entioned'I'rCmiSes and said trust deed is given to socure
the pa:fl!.ent of the notes horein descrl bod.
11lws
Hereby releasing and waiving all rights under and by yirtue of the homestead exemption/of the
State of Florida.
IN ~UST nevertheless. for the purpose of securing p~rform8nce of the coveimnts and agree-
men ts herein.
YlE~SAS, '!'he grantors John D. Austin end ~uth ....ustin, his wife, are justly indeb:ed uron
their throe rrincipal promissory not es bearillg eyen ds tc ~lCrewi th, ]:.syable to the crder of
~r.cmselvcs and by the.n endorsed and delivered,~~ote 110. 1 being for the sum of $2500.nO dt~e
and payable on or before one yeer after/ de. te hereof. l:ote Ho. 2 being for tile principal sum
of $2500.00 due and paj.able on or before two years after date hereof and :icte lio. 3: b(;ing for
t~e principal s~~ of ~8500.00 due on or before five years e~ter date hereon, together with
interest ct the rete of eigr.t per cent }>er an:.u~l, payable semi-annually. 3aia interest is
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further evidenced by 16 interest notea of eyen date herewith with inter-at en eac~ cf ssi6
principal notes at the rete of 8~ per el1nun due' on the 2nc, day of" .:w~e and Decer::ber of e8cil
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year ur.til th.e J~13t of seld notes r:atu.r. Bu~ principlll ana interest :!c~.c:s beer i1:teres,t at
the rate of eight p~rcent per ennun after ~aturity, ~d e.re payable $t ~he :latioual 3en~ of
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Woodlavm or s:;.ch oth('r place as the legal holder :nil;," a!lPoint.
It is expressly- agreed b;r and between the (;rar.':.ors and the trustee herein snG his
successors in trust, end b:r t~e le::!al O'R,~er ar:d holcer o~ the nct~s ~ereb;r securec, which sr,all
be bin~inb upon the perties hereto and upon their respectiye heirs, as~icns, executors, eG~inis-
trators, representatives and successor~, that whereas it is contemplated that a sub6i,isic~
will be ~8oe of the real est~te a?ove described into lets or tracts of r.early eqvBl size (streets
and alle:rs excerted); that if such subdivision be'maGe anrl e plat ttereof recorded, that a re-
lease of the lien of this trust deed will be given for each such lot upor. tte r8jT..(~t of such
proportionate sh<.:re o'r the inlebtedness hlrp.by secured that each lot bears ';0: the Cl: ti:re nu::ber
of lots in said subciYision, and that paJ~ents oaoe for such releases sh~11 be endorsed as
paYffients upon the notes hereby scc~rea.
~or the p~poses of carrying into effect and obtei~~r.g the release of this :ien o~ any
lot or lots in the event a subdivision is cede of the above described pre~ises, a vrritten
direction from the lCia1 owner and holoer of t~e notes to the trustee herein i~dicatin~ t~e
.
, lot or lots to be released shall be sufficient a.1.1.thcri ty to th,; trustee to execute such re-
lease deed or release deeds.
In the event such order or direction froe ~he legal ow~er acd
holcer of the not~s herein deacribed cannot be secured ._ tnen a letter issued er.d signeo by
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tho ~Btional Benk of rloodlawo of Chiaago, Illinois, to the effect that there has been (eposited
with It such S'Am as above required tor the release of a lot or lots for the benefit of the legal
owner and holder of the notes h~reby uecured, shall be sufficient authorit;r to th~rustee here-'
in to execute a release deed or release deeds for such lots as ma~ be so designated by the
said !iational Bank of Vloodlaw.1..
It is herebJ agreed that the release fee to be charged b:r ~he trustee for a siligle
such releeae deed shall be ~2.00 and where more than one lot 1s released then the sum of 50~
shall be paid in addition to the *2.00 oharge for o8ch additional lot inoluded in suell release
deed. In t~a event however, of a single relesee deed 'to oover the entire traot of land herein-
e.bo'ie described being executed then the oharge therefor shell be not in excess of $10.00.
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