W C OVERCASH AND MARY L OVERCASH
2 3~~.30
JZ?/J5
. 't,o
2~::, I~' I'Y~
}'~f-\~("?
, WARRA~TY DEED7iO'7481S
FROM INDIVIDUAL TO CORPORATION 1
RAMeo FORM 34
I
.o.a.3577 ,PAGE 732
Jhis 1lfiJarrantlt Jeed Made the ~~, day of July
W. C. OVERCASH and MARY L. OVERCASH, his wife,
lwreinafter called the grantor, to
CITY OF CLEARWATER, FLORIDA, a municipal corporation
a corporation C'xisting under the laws of the State of Florida
address at lJ~ ~. ~5fT~J~ Ave., Cl earwater, Flori da 335161
hereinafter carr;tt~e grantee:
A. D. 19 71 by
, with its permanent postoffice
(Wherever used herein the terms "grantor" and "grantee" include all the parties to this instrument and
the heirs, legal representatives and assigns of individuals, and the successors and assigns of corporations)
1lfiJilnesstlh: That the grantor, for and in cons ideration of the sum of $ 10.00 and other
valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, re-
mises, releases, conveys and confirms unto the grantee, all that certain land situate in Pi ne 11 as
County, Florida, viz:
X'
~
01-
-Q.
!rr~
O~
-111'I
LL
That part of the Northwest 1/2 of the Northeast 1/4 of the Northwest 1/4 of
Section 28, Township 28 South, Range 16 East lying North of State Road #580 and
East 1/2 of Southwest 1/4 and West 1/2 of Southeast 1/4 of Section 21, Township
28 South, Range 16 East, less rights of way; subject to survey, containing 180
acres M.O.L., Less the N. 30 feet of NE 1/4 of SW 1/4 of Sec. 21-28-16.
West 1/2 of Southwest 1/4 of Section 21, Township 28 South, Range 16 East andJr
Northwest 1/4 of Northwest 1/4 of Section 28, Township 28 South, Range 16 East
. "-and Northwest 1/2 of Southwest 1/4 of Northwest 1/4 of Section 28, Township 28&.0
~ 'South, Range 16 East, lying North of State Road 580, less rights of way; ~
. subject to survey, contatning 140 acres M.O.L.
ee
r-
C"')
,t3!
,. z
.. ..
~' jo 'r:
:~ :""
Subject to restrictions and easements of record and taxes for the year 1971
and thereafter.
N
ll:
-0
3:
~.'li
.4 .
..
--..
LL O<l~'
: 0 S ffi N , != . Jogtt~e~ with all the tenements, hereditaments and appurtenances thereto belonging or in any-___ ._____._
WI-:j ~ wIse appertammg. = STATE OF FLORIDA
; Z 0 ,.... VJ <7> DOCUMENTARY ~STAMP TAX
Il-..... a.:: > ~ 4> F
.,i<t5 ~'1II1._ "--10 JtalJe-andJollold,tl~mtriTrfmr-simpk-fur~~~ : - COMPTROllER ~c _
LU O=~ C:1.l = == P.8. = JU1.'-9'71 ::::0 O. 0 li:
Iro v 0:0 -
UJ. - D d =10521 J
.' 011111I11111 1I1n the grantor hereby covenants with said grantee that the grantor is LawtuUy seIzed 0 sai land
6 B I V 9 0 in fee simple; that the grantor has good right and lawful authority to sell and convey said land; that the
grantor hereby fully warrants the title to said land and will defend the same against the lawful claims of
,,~~~r~?ti'-- all persons whomsoever; and that said land is free of all encumbrances, except taxes accruing subsequent
II to December 31, 19 70. _ , .'- - ~ - - - - --.---- I
.- .-. -~ ~'----~..J()(UME.NrA~Y - STATE OF FLORIDA
: Vl Ln m~;;';:~ ~~"'~ . "S' UR TAX -!J>- "" DOCUMENTARY STAMP TAX,I
~;: ._ ff~~~;1 FLOR lOA :::\E _ COMPTROLLER III ,.,
~3 C-..J \\:.~-~~A I.., ~ ~g...:- == = - . 9 9 9 9 9 I
~8 'o;p; JUL-9'71 8 7 I. 7 5 c:u u:> ~ f!e, = Jut-g'71 - ,J
Of p.8. __~ -101;21 . ----.'cI
_ .~n , 11041
In 1lfiJilness 1lfiJhereof, the said grantor has hereunto set our hand and seal the day and year
/irst a{)oue written.
Signed, scaled and delivered in our presence:
. m.L5"..t::::?~..,. .. .....::'.................
...A.;~*z;C..A~~...~~.....t:l~::...::..._.:.
ST A TE OF FLORIDA,
COUNTY OF Pine 11 as
..if:h.~..O~..~:~....h......h....hml1D
h.m~-. -l.. ~. , ... 1 A rtIIiSi
Mary:..[r:~e.~y."L.............._.....~
10:.1'>< .;- 0; .
"'< .... -
0.... m
-Q. cD
rr~ C)
O~ m
:-111'I
lL "'
;:
ll)-
001::
<(ffi :;::
w.... ~ en
l-~ ~ ,,~
<!~ ~ 1111-
f- 0 'N
~u ~~
00011111111111
B I 17 9 0 This InstmfllCllt prepared by:
"'~~~~c.j AddreF
~
I HEREBY CERTIFY that on this day, before me, an
officer duly. authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
W. C. OVERCASH and MARY L. OVERCASH, his wife
to me known to be the personS described in and who executed the foregoing instrument and
before me that tltey executed the same.
WITKESS my hand and official seal in the County and State last aforesaid this
July , A. D. 19 71.
they
acknowledged
?J:t'
day of
""/!"..,
/'""'7~~~i':L:
George A. Rou~torne~Jfji~~~~~lt~
1448 Court Street ""
Clearwater, Florida 33516
i tJ- 03t4 (2)
I
I
AFFIDAVIT OF NO LIENS
STATE OF FLORIDA )
COUNTY OF PINELLAS )
Persona lly appeared before me, the unders i gned authority, w. C.
OVERCASH and MARY L. OVERCASH, his wife, who after being by me first duly sworn
depose and say:
That they are the owners of the following described real property,
to.,.wit:
That part of the Northwest 1/2 of the Northeast 1/4 of the
Northwest 1/4 of Section 28, Township 28 South, Range 16
East lyfng North of State Road #580 and East 1/2 of South-
west 1/4 and West 1/2 of Southeast 1/4 of Section 21, Township
28 South, Range 16 East, less rights of way; subject to survey,
containing 180 acres M.O.L., Less the N. 30 feet of NE 1/4 of
SW 1/4 of Sec. 21-28-16.
West 1/2 of Southwest 1/4 of Section 21, Township 28 South,
Range 16 East and Northwest 1/4 of Northwest 1/4 of Section
28, Township 28 South, Range 16 East and Northwest 1/2 of
Southwest 1/4 of Northwest 1/4 of Section 28, Township 28,
South, Range 16 East, lying North of State Road 580, less
rights of way; subject to survey, containing 140 acres M.O.L.
That there are no outstanding bills for labor or materials
used in the maintenance and repair of any improvements located on the above
described premises, and that there are no outstanding claims or liens or other
encumbrances against the above described property with the exception of ad valorem
taxes for the year 1971.
That tni s Affi,davit is gi ven in connecti on wi th conveyance of
the above described property to CITY OF CLEARWATER, FLORIDA, a muni ci pa 1
corporation.
Sworn to and subscribed
before me, thi s ~ day
of JulY, A.D., 1971.
kiC d?Jl~
~L:::_--MYComnii~$}~_n Expires:
-" - - -
efD.t-. ~~
W. C. Overcas
~m~ -L, ~
Mary L. Overcash
0_ ,-. fIO'fAIIY-PUfJlB:. STATE Of FLOR:DA AT WIlE
- YY":---'!1" EXPIRES JAN. 3, 1974
:-_ - . ED ~_~ 'RED W. DIlsrElHOftSt
"
"
I
~'.. d....._...-__.,...,.."'.._....._....-..__. ._~~.....
,.~;-:-,....,.,'~..., -.-...... II. .". ......,..._~'__,.,'-......4......... "-",'. '. .
,;.~:~~::,-~',.,~,-;:..,.~,:;,.~:-,~ ~q.~..u;."d16 , '. "._j,,:
'"""-",,,.",'., , ','., :!
"
"
. '
'GEORGE A. ROUTH
ATTORNEY AT lAW
1448 COURT STREET
CLEARWATER, FLOiUjJA 33516
I
~ioJ~'Iio_*l
'. . ;-~~.,':~;,':"
\ "
iELEPHONE 447-3444
AREA CODE 813
July 8, 1971
w. C. Overcasb and Mary L. Overcash
.~..'
I. c....:
PURCHASERS: City of Clearwater) ,Florida) a municipal ,.corporation
.; ,~
,
\\
" , \':'
pri ce of rea 1 prpperty-------~--~-------~l.:.,------~--- -------,792 >050.00
'~, . ~ , :'; ;
Earnest money previously
paid to sellers------------
6)000.00
Mtg. and Note to Sellers----'633)640.CO ~
'52 r:O O"'k
Balance due at closing---~--. ..!~~':!- S7-92,0;-0.0-0
$792,050.00 )
I
I
I
r
I
I
I
I
I
"
0' I
1~71' tax~~ qre not prorated as of'closing' becaus~ same were
1971 taxes can be ascertained Seller will pay purchaser his
~ ~ I
,.~ '
I "
'I"
,I
'.1 ;
,I"
II,
1,
I
'I
,
III' '
'I' "
"
Purchasers' Expenses:
4.00
1\ 8.00
949.50
152,410.00*
Recording Deed-----~---
Recording Mtg.---------
Stamps on Mtg.~----~--
Balance due at closing--
O. Sanford Jasper,
Intangihle Tax---------~
Total due at closing---..
, I'
, '
1,267.28-
~154,638.78
I L'7. J..<J
.~
Jt,/S'3/"5 '7 t. ,)0 '
> r..J
,
",1
,'.,
"..-'
....~
'I i.''-
II ·
1 .'
,I
,~
\
'I
J:.
I I"
! "
I
r
I
i
i
I
,
) .,":
1",',
, J
not available. When
proportionate share.
',~lr c~. fZ{'<~.,.;. ,i"
, '0
';.~~Q..~'
, .
~~>>~'-":!. ..
",,,,,.,,'1,, "'
"
\~ -.
,
I
I
I
i,,_ ' ,.. --- , -
.--- -c - ----" - -
. ..-~~--_..._-_.. .._~..'-
',,",
..
0/(9,50 (
.7 .A,
',OV .
t., ':::.--
(rb-!1~;5()
~ J ,.... ...
a ,~
~~' ~
O-J ~ U
w.... 't-
~o :;
g~ '1'", ~'.-
LU< U
OC..J ><:
..J ,~
lLf lU
:r.: .-1
ii:-ro
.,-
~
r;,~~
.b'j~
"'d:;: .
~ ..... .Si
= >>~
~ ~ .
~ l::i ~
P, \.. .3
o ~
~:t:~
~ < ~
. Q)
.....,.qo
t ;:;
so...;
,:d~~
.tl .1:
gj < ~
.;;< C':>
~u
~~~
~.-I
T_' ~
J(.~.
71074819 ~
' 'i200518s1l.'tr.-35-71PAGf 73
litis Blortgagt Bttd
, MORTGAGE DEED I
'From Corporation to Individual ~
O.H. 3703 PAGE 533
RAMeo FORM RE32
Executed the
8th
July
day of
A. D. 19 71 by
CITY OF CLEARWATER, FLORIDA, a municipal corporation
a corporation existing under the laws of Flori da , and having its principal place 0/
business at 112 S. Osceola Ave., Clearwater, Florida 33516
hereinafter called the mortgagor, to
w. C. OVERCASH
whose postoffice address is Highway 580, Dunedin, Florida 33528
hereinafter called the mortgagee:
(Wherever used herein the terms Umortgagor" and mortgagee" include all the parties to this instrument and the heirs,
legal representatives and assigns of individuals, and the .successors and assigns of corporations; and the term "note"
includes all the notes herein described if more than one,)
1fIfitnesseth, that for good and valuable considerations, and also in consideration of the aggre-
gate sum named in the promissory note of even date herewith, hereinafter described, the mortgagor here-
by grants, bargains, sells, aliens, remises, conveys and confirms unto the mortgagee all the certain land
of which the mortgagor is now seized and in possession situate in Pi ne 11 as County,
Plorida, viz:
.
That part of the Northwest 1/2 of the Northeast 1/4 of the
Northwest 1/4 of Section 28, Township 28 South, Range 16 East
lying North of State Road #580 and East 1/2 of Southwest 1/4
and West 1/2 of Southeast 1/4 of Section 21, Township 28 South,
Range 16 East, less rights of way; subject to survey, containing
180 acres M.O.L., Leis the N. 30 feet of NE 1/4 of SW 1/4 of Sec.
21-28-16.
!
West 1/2 of Southwest 1/4 of Section 21, Township 28 South, Range
16 East and Northwest 1/4 of Northwest 1/4 of Section 28, Township
28 South, Range 16 East and Northwest 1/2 of Southwest 1/4 of
Northwest 1/4 of Section 28, Township 28 South, Range 16 East,
lying North. of State Road 580, less rights of way; subject to
survey, containing 140 acres M.O.L.
f
~
~
fhl
'" ..q;J'...
N
~
This is a purchase money mortgage.
-t.~
=:c
~. f
)(
~~~3
State documentary stamps affixed to the original note and
cancelled.
Class Clntangible Tax Paid;; 7
Chapter 199 F.S. DATE '7- f 19 /
Amount $6 ~ 6-7,.::t./ Ree. f" f'?/"7
O. SANFORD JASPER. Tax Collector 8Y pu
/oL/ ,,,,
This mortgage deed re-recorded for the purpose of correcting
scrivenerl s error in designation of mortgagee.
'ft',
i:;"
/2--:-03-'-100
(2)
o.~. 3703 PACE 53
C1~.-t ,.,.' ~3,A
o. R.-3-", 4 "r' ficf i ,,' '"'1
Jo It.aut and to Itofd the same, together with the tenements, hereditaments and appurte-
nances thereto belonging, and the rents, issues and profits thereof, unto the mortgagee, in fee simple.
Rnd the mortgagor covenants with the mortgagee that the mortgagor is indefeasibly seized of said
land in fee simple; that the mortgagor has good right and lawful authority to convey said land as afore-
said; that the mortgagor will make such further assurances to perfect the fee simple title to said land in the
mortgagee as may reasonably be required; that the mortgagor hereby fully warrants the title to said land
and will defend the same against the lawful claims of all persons whomsoever; {lnd that said land is free
and clear of all encumbrances
'rouidtd Rlwags, that if said mortgagor shnll,pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit:
~
I
I
- --
PROMISSORY NOTE
$ 633,640.00
Clearwater~ Fla., July 8~ 1971
ForvgJ ue_rece;ve_d_CITYOfCLEARWATIR, FLORWA~ a municipal.. c_orporati on~ does
hereby promise to pay to the order of W. C. OVERCASH ~~ AT
Highv.Jay 580~ Dunedin, Florida 33528~ the sum of Six Hundred Th17fy':th-ree
ixHundredFort & no/1cm:JLLARS ($ b33,b40,OU ), plus interest
t ereon at the rate of 7-1/2 per cent per annum~ from date to the date of
maturity.
The principal of this note shall be payable in ten equal annual installments~
each of which shall be in the amount of Sixty"", three Thousand Three Hundred Sixty-fo
DOLLARS ($ 63,364.00 ). The first installment of prindpalshall be due
and payable on July 8, 1972~ and an installment of principal shall be due and ·
payable on July 8 of each year thereafter until this note is paid in full. The
interest on this note shall be payable as it accrued upon the unpaid balances
hereof, on each date that an installment of principal becomes due and payable. ~
Thi s note may be prepaid in part or in fun at any time without penalty 1.fter ~ L
January 1, 1972, ..,-.\/1 "~
In the event of failure to pay within 30 days when due any installment of this t'L. c; c,
note~ the holder hereof may declare the unpaid principal and accrued interest
on this note immediately due and payable.
Each maker, surety, endorser and guarantor of this note does hereby waive
presentation of payment, notice of non-payment, protest and notice ofprotest~
and does hereby agree to all extensions and renewals of this note, without notice.
:>t
P,
o
u
In the event this note is placed in the hands of an attorney for collection after
maturity, the undersigned maker agrees to pay an additional amount equal to a
reasonable attorney1s fee.
EA~. FLORIDA
L J_SEAL)
~~, r,ectness:
City Attorney .
._~,-~;...---- .-
-
I
~
~
I
I
'.(..1 .~.',;.i."_".'1'~, '.~. !,~(1
_ t ':' _.' (
, -......... _~ t. ':.. (',.,
~~3~3^3 ~ N3"nW~W
ZL v1 10
!).LW SgtrSOOZL
~
~
~ "-
~ ~ ~~~
~ ;( ~ j r~
z: ~
::> :J ~<l
Q
III :> 0
1'I ~ Q 011 C':l .
\1,1
II: ! E ~ r','t
::E ~ 0 <>= e~l
II: .. <>: ..,l,..
0 Z => c:
~ ~ CI ~~
U. 0 ~
0 ;: ~~
<C :E
U ~ ..
::E 0 Z N :....l ,..;
... ;..( E~
<( .. <>: <l)
II: ... .. 0 <.::l C'l
u :3 C'l. ::O~
~ :IE cC 3~
0 ~ c
~ ;:a . ~
~ .. .
<>= :3 ~<
LU co u.., ~~8
- C:;~ '
.....0::
.. u..l
15><!;( . ~
g::::8;: :J!
::!~d~
~~c.:c:S -
~
W'
ii
"lS
~
S
:?
~
:<!:"
;:g
o
....
~9l;i0'3t:)
'9~LO'L
~
:;:
::1
F ~
I.Zi S
0:; 0::'
~ ro ,:[1
...,,-
;;;:' ::; 0:;"
12!:if:JJ::!
....:5O;J~
i~c;j&
~ Q..: (j
r \,' '":',-r.' '1 /
.... ...)_, ,j..:> V
--.....
"
t. ~,
an'd shall perform, comply ith and abide by each and every the ag ements, ktipulatfons, conditions and
covenants thereof, and of his mortgage, then this mortgage and the ftate hereby created, shall cease, de-
termine and be null and void. ,,~........., .... ,. '"
: 0 tl , , .
.. . n:. . ~ .
Rnd the mortgagor hereby further covenants and agrees to pay promptly when due the principal and
interest and other sums of money provided for in said note and this mortgage, or either; to pay all and
singular the taxes, assessments, levies, liabilities, obligations, and encumbrances of every nature on said pro-
perty; to permit, commit or suffer no waste, impairment or deterioration of said land or the improvements
thereon at any time; ~~~~~~ilKJt}QI.~'K
blm~~~dIa
txXlXX~~m1.lmX~&tt~ll!;~~::lDdl~~JIl~
~ms::xrxd:m:~~~W1a~MK~Mx~..{x~~
~~Jm{HM~/XxeotixzDDCJmlXlmlJ3.:xti~~k<<~~~
:t@C~~~~ to pay all costs, charges, and expenses, including lawyer's fees and title
searches, reasonably incurred or paid by the mortgagee because of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or either; to perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants set forth in said note and this mortgage or either, In the event the mortgagor fails to pay when
due any tax, assessment, insurance premium or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, without waiving or affecting the option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the highest law-
ful rate then allowed by the laws of the State of Florida.
:..J
B
~
~
~
~.
)f any sum of money herein referred to be not promptly paid within 3D days next after
the same becomes due, or if each and every the agreements, stipulations, conditions and covenants of said
note and this mortgage, or either, are not fully performed, complied with and abided by, then the e::tire
sum mentioned in said note, and this mortgage, or the entire balance unpaid thereon, shall forthwith or
thereafter, at the option of the mortgagee, become and be due and payable, anything in said note or herein
to the contrary notwithstanding, Failure by the mortgagee to exercise any of the rights or options herein
provided slwll not constitute a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing,
In Uitness Uhtreof the mortgagor has caused these presents to
executed in its name, and its corporate seal to be hereunto affixed, by its
officers thereunto duly authorized, the day and year first above written.
___~_~~_~W\T._~_~_~___f~_9.~_!_g~____________________________n_
City Manager ~<<
Approved as to form &
:~ectness:, . ~,
':LG_/~
City ttorney . ,.
~
Pinellas
}
I HEREBY CERTIFY that on this day, before me, an officer duly authorized in the State and County aforesaid to ra1.e ac1.nowIedg~
ments, personally appeared MERRETT R. STIERHEIM and R. J. WHITEHEAD,
well 1.nown to me to be the /C i ty M~Jl~...t and City C 1 er k respeclivel~ of the corporation named as
mortgagor in the foregoing instrument, and that they severally ac1.nowledged executing the same, in the p,.e~ence of two subscribing witnesses,
freely and voluntarily under authority duly vested in them by said corporation and that rhe seal affuedthereto is the true corporate seal of
said corporation.
($
JulY
WITNESS my hand and offtcial seal in the County and State last aforesaid this
A. D, 19 71
>~
.. r' trJ
$3~
~<.sj
~ ~
~~
~ ~ .
~ .. ~
c:.r.~
B ::
~ ..... :::
>< '"
, ~
. <:)
.., -5 [5
fj ;::
EO..;
b~(/)
~< ~
...., ~ ~
.'" ..r.U
~ '"
9'. r."l
,)~
O"'*'
""'
'I
. j
MORTGAGE [)EW
fo\Om .,.corporation to Individual
]1" ~ .o!!C
J.'".",!,I' :li~'." ~,,' ~".
"' I'! t" ~,
.r; --' I r "
'J W u.~~
Executed the
I
RAMCO FORM f'lE32
{f Ji', -357 l' ~gc;..
3
I
1~f-//
I"~' '... t1
,', t",:, "t:, A. ,', M,'" ~,l!:r,. A" ;<:', A." A,"',' ,1j".,."
I:; .;,1..'- r; N t-i vj (11 il /: j n ' ! h .
, t;, ~',l liI' r, I'] I",! ~ '",: ','~, 'I J .,l ".',:, I': ~.
. L' J ': - b_ "w; ''''''dj 11-,,- ~ j,; 11.",.
, Il!I" ""'~,~\i.JTlJ'~ ........
, J.l
8th day of July
ID:..;', ~
,I .~' ~~. ~;,
,1 ,:,,~ , ' .'" ,...
1J r-Il V, l.Y" 1",,1,,' 1,'.1
~ ~~ UP I.J:-g
A. D, 19 71 by
CITY OF CLEARWATER, FLORIDA, a municipal corporation
a corporation existing under the laws of Flori da
husiness at 112 S. Osceola Ave., Clearwater, Florida
hereinafter called the mortgagor, to
, and having its principal place 0/
33516
W. C. OVERCASH and MARY L. OVERCASH, his wife
whose postoffice address is Highway 580, Dunedi n, Fl or; da 33528
hereinafter called tlw mortgagee:
(Wherever 'used herein the terms "mortgagor"- and mortgaKet" include all the parties to this instrument and the heirs,
legal representatives and assigns of individuals, and the successors and assigns of corporations; and the term "note"
include. all the notes huein described if more than one,)
~ilnesscth, that for good and valuahle considerations, and also in consideration of tIle aggre-
gate sum named in the promissory note of even date herewith, hereinafter descrihed, the mortgagor lwre-
hy grants, bargains, sells, aliens, remises, conveys and confirms unto tIle mortgagee all tIle certain land
of which the mortgagor is now seized and in possession situate in Pi ne 11 as County,
Florida, viz:
That part of the Northwest 1/2 of the Northeast 1/4 of the
NorthvJest 1/4 of Section 28, Township 28 South, Range 16 East
lying North of State Road #580 and East 1/2 of Southwest 1/4
and West 1/2 of Southeast 1/4 of Section 21, Township 28 South,
Range 16 East, less rights of way; subject to survey, containing
180 acres M.O.L., Less the N. 30 feet of NE 1/4 of SW 1/4 of Sec.
21-28-16.
West 1/2 of Southwest 1/4 of Section 21, Township 28 South, Range
16 Eas't and North\...est 1/4 of Northwest 1/4 of Sect'ion 28, Township
28 South, Range 16 East and Northwest 1/2 of Southwest 1/4 of
Northwest 1/4 of Section 28, Township 28 South, Range 16 East,
lying North of State Road 580, less rights of way; subject to
survey, containing 140 acres M.O.L.
This is a purchase money mortgage.
State documentary stamps affixed to the original note and
cancelled.
< I'
11
'l~ llavt and to '1.{!J~d
I
the same, tOflether with tIle tenements, hereditaments and appurte-
and tIle rents, issues and profits thereof, unto the mortgagee, in fee simple.
nances thereto belonging,
jlnd the morlgaflor cot'enants with the mortflagee that the mortgagor is indefeasibly seized of said
land in fee simple; that tIle mortgagor liaS good right and lawful authority to convey said land as afore-
said; t/lat the mortgagor will make such further assurances to perfect tlIe fee simple title to said land in the
mortgagee as may reasonably be required; that the mortgagor hereby fully warrants the title to said land
and will defend the same against the lawful claims of all persons wllOrnsoever;and that said land is free
and clear of all encumbrances
'rouided i1lways, that if said mortgagor shall pay unto said mortgagee the certain promis-
sory note hereinafter substantially copied or identified, to-wit:
..
Ii
l
van'cl sl:all perform, comply ,lith and abide lJY each and et.ery the agriments,S/ipulations, conditions and
covenants tllCreof, ando! ,this mortgage, tlten this mortgage and tIle t>srate lwrehy cre(Jted, sllOll cease, de-
termine and he null a~cl voilt'
flnd tIle mortWlgor herehy furtller covenants and agrces to pay promptly [i)llc~ due tIle principal and
interes,t and other sums of money prouided for in said note anel fllis mortgage, or cither;' td pay all and
singular tIle taxes, assessments, lepies, liabilities. ohligalions, and encumbranccs of cuery nature on said pro-
perty; to permit, commit or SltffC'r no waste. impairment or deterioration of said land or tIle improvem(mls
thereon at any time; lh.....J:.M~~mikl~XI<lK'X.OlXb.I~~OOXWX~!.'ii~Rt.M~~4...~9,,'~k>>KK)ID{UJxobrwX.~x
tbxzKx..'{,xf:jXlXIx~:&tmabibex:."\':fX~
inXlKX(mQXrmr:?rn:x;QRmm:H~R~RI,J:9:2t,~)(.hV?\.~Nga~~~K.Jpn~x:md{tXJwJ~>>R.&~~
~~wx:xmctXoc::t:,hi!X(}{XroxQ{Wh~lJd'A"R9;!'!I~xkaclitU~l4-'<ffikx~XJi.z:1,;ooxw.fx~IDxwxR~
~ll{1CliIDHil:k:~1{wx.ll00:~d:r:txocXDOd:r;zL'C<lmixq,m:l3'ATjl~oo~~wdJdJ1~~f'Pd.JX~
~~)fi'iili'~~'~ to pay all costs, charfJes, and expenses, including lawyers fees and title
searches, reasonably incurred or paid hy tIle mortgagee lJecause of the failure of the mortgagor to promptly
and fully comply with the agreements, stipulations, conditions and covenants of said note and this mortgage,
or eitllCr; to perform, comply with and abide by each and every the agreements, stipulations, conditions and
covenants set forth in said note and tl.is mortgafJe or either, In tlte event the mortgagor fails to pay wlwn
due any tax, assessment, insul'Once premium or other sum of money payable by virtue of said note and this
mortgage, or either, the mortgagee may pay the same, witlwut waiving or affecting tIle option to foreclose
or any other right hereunder, and all such payments shall bear interest from date thereof at the higllest law-
ful rate then allowed by the laws of the State of Florida.
~f any sum of money herein referred to be not promptly paid within 30 days next after
the same becomes due, or if each and every the agreements, stipulations, conditions and covenants of said
note and this mortgage, or eitlwr, are not fully performed, complied with and abided by, tllCn the e:{Lire
sum mentioned in said note, and this mortgane, or the entire balance unpaid thereon, shall fortlLwith or
thereafter, at tlw option of tIle mortgagee, become and be due and payable, anything in said note or herein
to the contrary notwitllstancling, Failure by tllC mortgagee to exercise any of the rights or options herein
provided slwll not constitute a waiver of any rights or options under said note or this mortgage accrued or
thereafter accruing,
jf 1l~'" 11M! f
(CORPORATE lJn whfU?SS wl1creo tIle mortgagor has caused these presents to
SEAL) h!! executed in its name, and its corporate seal to be hereunto affixed, by its
. ,/. ~oP", alike" ,I","unlo duly au'ho"zed, ,he day and yea, Ii,,' ahove ",Wen,
City Manager R<<~~
Approved as to form &
y~~
7 City Attorney ,
Mayor-Commlssioner
Jtate of Flori da }
.county of Pi ne 11 as
I HEREBY CERTIFY lllat on tT.is day. hefore me, an officer duly authorized in tT.e Slate and Counly aforesaid to take aclulOwleclg-
menls,personallyappeared MERRETT R. STIERFlEIM and R. J. WHITEHEAU,-
~
well known 10 me 10 he Ihe/City M~ll.<:"W..! and City Clerk resp"clively of Ihe corporal ion named as
mortgagor in Ille foregoing instrumen!. and Ihal Ihey severally aCknowledged executing Ihe same. in the presence of lwo subscribing witnesses.
freely and voluntarily under authority duly vesled in Ihem by said corporation and 11,01 Ihe seal afFixed Il,erelo is Ille true carporale seal of
SQiJ corporation.
WITNESS my hand and official seal in Il,e Counly and Slale last aforesaid Ihis
A. D, 19 71
f~
day of
July
_n_~mU'nml2'-'.~<Ud.{nmnmmmm
Notary Public, St'1te of Florida at L
B My Commission Expires Aur" 1, 19,,/:6
onded by I r,I,IS,Hill:,ica Insurance C
o.
FUND FORM 1 (OG) (R<:v. 5/25/70) Florida Press-20M-4/71
~~~~~~~~[gj~~~~[gj~~~~[gj~~~~~~~~~~~[gj~[gj~~~[gj~~~~[gj~~~~~~~~~~~~~~~~~[gj~~[gj~~~~~~~[gj~~~~~
~ [gj
~ OPINION ON TITLE ;
[gj ~
~ George A. Routh ~
~ (Attorney or firm of attorneys) i
I; 1448 Court Street I
(Address) ~
~ ~
~ Clearwater I
tfij , Florida ""
I: B
: and GUARANTEE OF TITLE (OWNER) by /I
~ i
~ La wyers' Title Guaranty Fund [I
I Qualified with and supervised by Insurance Commissioner of Florida I
I~ ORLANDO, FLORIDA i
~ Owner CITY OF CLEARWATER, FLORIDA, a municipal corporation I!ll
1.1
~ ~
~ [gj
Declared value of property: Effective date of this document: I
I' 800,000.00 July 9, 71 4:24 P. [gj
. $ 19 at 116. I
~ [gj
~ Based on an examination of the certified abstract of title (or certified chain of title and an examination of the public records indicated Ill!
I thereby), and an examination of the public records subsequent to the period covered by the abstract or chain of title. the undersigned. a i
I member (or a firm composed of members) of LAWYERS' TITLE GUARANTY FUND, hereby renders the above named Owner this opinion and [gj
@advisesthat,intheOPiniOnOftheunderSigned,theestateor interest of the Owner in the real estate described in Schedule A hereof is the I@
~ estate or intere specified in said Schedule A, and further advises that, in the opinion of the undersigned, such estate or interest of the OWner ~
~ is free of all umbrances, liens. and othe objections, except such encumbrances, liens. and other objections all are shown by schedule B .
~ hereof. :
~ July 14, 1971 /I
~ (SEAL) I
:: Date Signed
/I GUARANTEE OF TITLE [gj
Ill! [I
~ IN CONSIDERATION of the above named attorney at law (or finn of attorneys at law) having qualified as and being a member (or mern- ~
~ bers) of LAWYl!:RS' TITLE GUARANTY FUND, LAWYERS' TITLE GUARANTY FUND (a business trust under the provisions of the Dec1ara- ~
Ii tion of Trust filed with the Secretary of State of Florida, at Tallahassee, Florida, on March 22, 1947, and any amendments to the Declaration of [gj
Iijj Trust) subject to the Conditions herein, guarantees to the Owner named above, the Owner's legal representative, heirs, and/or devisees, that /I
I the estate or interest of the Owner specified in Schedule A hereof in the real estate described in said Schedule Ais free of encumbrances, ~
IHl liens, and other objections, except such encumbrances, liens and other objections as are referred to in Schedule B hereof; and, subject to the ~
Ijg Conditions herein, will pay to the Owner all loss or damage, in an amount not to exceed the amount of the declared value of the property, as ~
I statedElbove, the Owner may sustain because of encumbrances, liens, or other objections on or to the estate or interest of the Owner that are ~
~ not excepted in Schedule B (or excluded in the Conditions) hereof. This guarantee shall become effective when the opinion above has been I
~ duly signed and delivered by a member of LAWYERS' TITLE GUARANTY FUND. [gj
IHl ~
ill IN WITNESS WHEREOF, LAWYERS' TITLE GUARANTY FUND has caused this document to be executed in its name by its President I
I and Executive Secretary and its seal affixed, all by direction of its Board of Trustees. I
IHl IHl
~ ~
i ~
,C Lawyers' Title Guaranty Fund S E R I A L ~
I I
I L:? 1 r:...t.. ~ A __ 3235- 143 ~
; By ~.. ~ (MEMBER NO.)OG N~ 470329 I
I lffi
IHl Paul J. Stichler [gj
ill President and Executive Secretary I
; SCHEDULE A ~
~ I
[gj ~
[gj ~
~ 1. The estate or iilterest of Owner covered by this document is: Fee Simp 1 e II
~ ~
~ ~
B I~
lffi ~
~ 2. Record evidence of the Owner's title is: Warranty Deed from W. C. Overcash and Mary L. Overcash, his ~
~ wife, to City of Clearwater, Florida, a municipal corporation, dated July 8, 1971 and ~
B recorded July 9, 1971 tn O. R. Book 3577, Page 732, of the public records of Pinel1as I
fIB County, Florida. ~
~ ~
@ I
[:1
~ ~
~ ~
~ ~
~ . Pl~ne11as ~
Ill! 3. The real estate on which this opinion is rendered and this guarantee is given is located in County, Ill!
~ ~
1m Florida, and is described as: ~
Ill! That part of the Northwest 1/2 of the Northeast 1/4 of the Northwest 1/4 of Section 28, lfll
~ Township 28 South, Range 16 East lying North of State Road #580 and East 1/2 of South- i
~ West 1/4 and West 1/2 of Southeast 1/4 of Section 21, Township 28 South, Range 16 East, i
I less rights of way; subject to survey, containing 180 acres M.O.L., Less the N. 30 feet I
I of NE1/4 of SW 1/4 of Sec. 21-28-16. Ill!
West 1/2 of Southwest 1/4 of Section 21, Township 28 South, Range 16 East and NorthWest i
1/4 of Northwest 1/4 of Section 28, Township 28 South, Range 16 East and Northwest 1/2 of i
;' Southwest 1/4 of Northwest 1/4 of Section 28, Township 28 South, Range 16 East, lying lfll
. North of State Road 580, less rights of way; subject to survey, containing 140 acres Ill!
l{ :
Ill! M . 0 .L .' '[gj
[gj Ill!
Ill! SCHEDULE B Ill!
Ill! Ill!
Ill! This opinion and guarantee, in addition to any exceptions in the description in Schedule A-3 hereof, is subject to: Ill!
i 1. All taxes for the year of the effective date of this opinion and guarantee, unless noted here that such taxes have beeI:l paid. Ill!
Ill! 2. Rights of persons in possession. other than the Owner. I
Ill! 3. Facts that an accurate surveyor personal inspection of the property disclosed or would have disclosed. ~
~ 4. Unrecorded labor, mechanic. or materialman liens. ~
[gI 5. Zoning and/or other restrictions and pr9hibitions imposed by governmental authority. Ill!
Ill! 6. Easements ,and other encumbrances appearing In the plat or drawings referred to under Schedule A-3. Other restrictions, easements and Ill!
Ill! reverter rights, as follows: (If none, S9 state; if any, copy or make accurate reference thereto.) ~]
Ill! Ill!
i 7. Reservati on reservtn~ 100' road ~i gilt of way on each side of center 1 ine of any Ii]
~ 'extst'tng 'State~~Roadas'of'date~ofodeed'dated 4119/43'and' rE!cM"ded; 5/6/43 ,"n Deed I
Ill! Book 936, page 357, Pinell as Gounty Records. ~,-
~ 8. Florida Power Easement over the S. 6 ft. of SW 1/4- of SW 1/4 of Sec. 21-28-16for ~
Ill! Pole Easement recorded May 20 , 1968 in O. R. Book 2853, Page 550, of the pub 1 i c i
I records. of Pine11~s Count.y, Florida. I I
I. 9. Water line easement to the City of St. Petersburg, recorded in O. R. Book 1349, Ii]
Ill! Page 613, of the public records of Pinellas County, Florida and in O. R. Book 1349, Ill!
I Pag.e 614, of the publlc records of Pinellas County, Florida. i
[gj Ill!
Ii] 10. Subject to a mQrtg,agefrom Ci,ty of Clearwater, Florida, a municipal corporation, to Ii]
Ill! W. C. Ov:rcash and Mary L. Overcash, his wife, dated July 8, 1971 and recorded July [gj
lfll 9, l~}] ,,~ o. R. B?0~3577,.Pa~e 733, of the public records of Pinellas County, i
lfll Flonda, ',n th~e or'9,nalpnnqpa1 amount of $633,640.00. i
Ill! Ill!
~ ~
Ill! ~
Ill! Ill!
Ill! Ill!
Ill! Ill!
Ii] (For other objections or exceptions or for continuations attach exhibits as required.) / r' Ii]
Ill! fl~. ~ [gj
i 1') '.' i
~ ~
;g] . ~J
~1ll!1ll!1ll!1ll![gj1ll!1ll!1ll!1ll!~1ll!1ll!~~Ill!~~~[gj~[gj~~~~~~~Ill!~~~Ill!~Ill![gj~~~[gj~lll!nl{~[gj~[gj[gjlg]~~~~
oft
CONDITIONS
1. LA WYERS' TITLE GUARANTY FUND, herelnafter termed "The
Fund", shall have the right to, and willa,tits 'own expense, defend
the person, persons, corporation, or association to whom this guarantee
is issued, hereinafter termed "the Owner" (which term shall include
a lessee or a purchaser under contract, if such is the interest guaran-
teed as shown in Schedule A hereof, and shall include the legal rep-
resentatives, heirs and devisees of the Owner but shall not include a
purchaser from the Owner), in any action of ejectment Or other action
or proceeding founded upon a claim of encumbrance, lien, or other
objection which existed or is claimed to have existed prior in date
to the effective date hereof and not excepted in the description of
the property herein, nor by Schedule B hereof, nor by these con-
ditions; reserving, however, a continuing option of settling the claim
or paying this guarantee in full; and the payment or tender of pay-
ment to the full amount, of t\'lis guarantee shall terminate all liabil"
ity of The Fund hereunder, It shall be the duty of the Owner prompt-
ly, upon learning of such a claim, to give The Fund written notice
thereof, addressing the notice to LA WYERS' TITLE GUARANTY
FUND, Orlando, Florida, with full particulars, and in case any action
or proceeding as hereinabove mentioned shall be brought, it shall be
the duty of the Owner at once to notify The Fund thereof in writing,
by addressing the notice as above set forth, and The .Fund shall have
the right to defend such action or proceeding in the mime of the
Owner, in its own name, or in such a ffianJ;ler as 'r~e Fund may elect
and the law may allow, If such notice of claim, shall not be given
with reasonable promptness, or if notice of suit shall not. be given to
The Fund, by 'addressing it in writing as abOVe set forth, within seven
days after summons or other process in 'such action 'or proceeding
shall be served upon the Owner, then all liability of The Fund in
regard to said claIm. or the 'subject matter of such action or proceed-
ing shall cease and terminate; provided, however, that failure to notify
shall in no case prejUdice the claim of the Owner if the Owner is
n~t a party to such action or proceeding, nor be served with summons
therein, nor have any knowledge thereof, By undertaking the defense
of any action or' proceeding; The Fund shall not be deemed to have
admitted liability hereunder, nor shall it be thereby precluded,after
complete investigation and ascertainment of all material facts, from
questioning its ,liability, The Owner, whenever requested by The Fund,
by its chairman, executive secretary, or attorney, shall aid in effect-
ing settlement, securing information and evidence, the attendance of
witnesses and in prosecuting appeals, but shall not voluntarily assume
any liability or interfere in any negotiation for settlement of any
legal proceeding, or incur any expense or settle any claim, without the
written consent of 'The Fund previously given, except at the Owner's
own expense.
2, Nothing contained in this guarantee shall be construed as guar-
anteeing against loss or damage:" H) resulting from fraud on the part
of the Owner: (2) 'by reason of the Owner not being a bona fide pur-
chaser for value; (3) resulting from defects, liens, encumbrances, ob-
jections to title, adverse claims, ,or other'matters (a) 'created, suffered,
assumed or agree<;l to by the,assured claimant; or (b) known to the as-
sured claimant either at the date of the guarantee or at the date such
assured ,acquir",d an estate or interest assured by this guarantee and
not disclosed to The Fund or not shown by the public records: (4) by
reaSon of the fact that the Owner contravened any bankruptcy law
in acquiring the estate, or interest hereby guaranteed; (5) by reason
of any 'right of dower of the spoUse, or homestead rights of the spouse
and children of the Owner: (6) resulting from the refusal of any party
to carry out any contract to purchase, lease or lend money on the
estate or interest of the Owner; (7) by reason of the exercise of en-
forcement or attempted enforcement of any governmental police power
or any right of eminent domain over the property hereby guaranteed:
or (8) resulting from any encumbrance, lien or other objection arising
after the effective date of this guarantee,
3, If the interest shown in Schedule A-I herein is a leasehold this
guarantee is subject to all terms and conditions of said lease as describ-
ed in Schedule A-2 and the limit of the liability of The Fund under
this guarantee shall be: (1) The fair and reasonable value of the lease-
hold in excess of tne rent paid or to be paid for that part of the
term of the lease that is unexpired at the time an adverse claim
on which the Owner's right of recovery under this instrument is
established, and (2) the fair and reasonable value of' any improve-
ments purchased or made by the Owner on the leased premise, and
authorized by the lease, which said improvements, if they partake of
the nature of real property, for the purpose of this guarantee, shall be
considered as real and not personal property, and (3) the items P!O-
vided for by paragraph 8 of these conditions provided, however. that
under no circumstances shall liability of The Fund under (1) and (2)
of this paragraph exceed the declared value hereof, If the interest
shown in Schedule A-I herein is that of purchaser under contract of
sale. then this guarantee shall be subject to all the terms and cOtl-
ditions of the contract of sale,
4, Notwithstanding any language to the contrary typed with the
description in Schedule A-3 herein, nothing contained in this guaran-
tee shall be construed as guaranteeing (1) title to personal property
even though the same may be attached to, or used in connection with
the real property described in Schedule A-3; (2) the title or rights of
the Owner in any property beyond the boundaries of the property de-
scribed in Schedule A-3 of this guarantee, or in any streets, roads,
lanes, alleys or other ways in or upon which said property abuts, or
to tide lands, or lands comprising the shores or bottoms of navigable
waters, or lands beyond' the harbor or bulkhead lines as established
by governmental authority; (3) riparian or littoral rights, or (4) title
to filled in lands unless, following the description in Schedule A-3, a
specific statement shall, be made that said property in whole or part
comprises filled in land and title thereto is guaranteed under this
guarantee, notwithstanding any condition provided in this guarantee.
5, No claim for damages shall arise under this guarantee except
under the several provisions and conditions herein, and then only
after an encumbrance, lien or other objection not excepted in the de-
scription of the property herein, or, in Schedule B or excluded by the
conditions of this guarantee has been adjudged by a final determina-
tion in a court of competent jurisdiction to be valid and effectual to
charge the real property described in Schedule A of this guarantee,
In litigated matters, The Fund shall always have and be entitled to
exercise the right of appeal to a court of last resort and so long as
the right remains.open to it, there shall not be deemed to haVe been
a "final, determination" of the questions at issue, Provided, however,
if the decision of the trial court' be adverse and of such a character
as to require supersedeas for the protection of the Owner pending
appeal, The Fund will, to the extent of its pecuniary liability to the
Owner, supersede such adverse judgment or decree, If supersedeas in
excess of The Fund's liability is required, it shall be the duty of the
Owner to furnish such supersedeas, and The. Fund will not be re-
sponsible for any loss or damage resulting from the 'failure of the
Owner to do so, In every case where liability of The Fund has been
fixed in accordance with these conditions, the loss or' damage shall
be payable within 30 days thereafter,
6, In case of any loss to the Owner by reason of a defect, lien,
or encumbrimce affecting only a part of the guaranteed property, the
measure of damages which the Owner may recover under this policy
shall not be a greater fractional part of the declared value of the prop-
erty as stated in this guarantee than the proportion which the prop-
erty affected by such defect or encumbrance, exclusive of improve-
ments made thereon subsequent to the date of this guarantee, bears in
value to the ,entire property covered by this guarantee, All payments
under this guarantee or under any guarantee issued to the Owner's
successor in title covering all or any part of the land decsribed here-
in shall reduce the amount of the insurance pro tanto and no pay-
ment shall be demanded without producing this guarantee for en-
dorsement thereon of such payment, If this guarantee be lost, in-
demnity must b~ furnished to the satisfaction of The Fund, Any loss
payable under this guarantee may be applied by The Fund to the
payment of any mortgage mentioned in Schedule B, the ,title to which
is also guaranteed bY The Fund, or which may be held by The Fund,
and the amount so paid shall be deemed a Payment to the Owner
under the guarantee,
7, Whenever The Fund has settled a claim under this guarantee
it shall be entitled to the rights and remedies which the Owner would
have had against any other person, persons, or property in respect
to such claim, had this guarantee not been issued and the Owner
undertakes to transfer or cause to be transferred to The Fund such
rights, together with the right to use the name of the Owner when
necessary for the recovery thereof, such rights of subrogation to vest
in The Fund unaffected by any action of the Owner,
8, The Fund will pay, in addition to the loss, all costs of court
imposed on the Owner in litigation carried on by The Fund for the
Owner under the requirements of this guarantee but it will in no case
be liable for the fees of any counselor attorney employed by the
Owner, and the loss paid, exclusive of costs, shall in no event exceed
the amount of this guarantee.
9, In the event this Guarantee is issued in conjunction with a
Mortgage Guarantee or Policy, any amount which may become pay-
able under this Guarantee shall be automatically reduced by the
amount of any loss paid by'The Fund or which The Fund 'shall become
liable to pay pursuant to said Mortgage Guarantee or Policy,
10, In accepting this guarantee, the Owner accepts the same as
the contract of LAWYERS' TITLE GUARANTY FUND as a pure trust
and not as a partnership, Such acceptance shall constitute an agree-
ment by the Owner with The Fund to look solely to the assets of
The Fund for damages and for performance of this guarantee, and
no member of The Fund and no trustee of The Fund shall be person-
ally liable on account of this guarantee,
11, If the Owner institutes an action or suit on this guarantee,
it shall not be necessary to name the members of the Board of Trus-
tees, as the Board of Trustees of LAWYERS' TITLE GUARANTY
FUND, as defendants, In order to save the Owner the annoyance and
ini tial expense of ascertaining the names of the members of the Board
of Trustees and naming them and havmg them served With process,
it shall be sufficient merely to name LAWYERS' TITLE GUARANTY
FUND as defendant and it shall be sufficient service of process to
serve the Executive Secretary as such, or, in the absence from the
State of Florida of the Executive Secretary, service may be made on
the Chairman of the Board of Trustees" Thereupon, the members of
the Board of Trustees shall, without ralsmg the Issue of the suffiCI-
ency of naming of defendants and serving of process, appear as the
Board of Trustees of LAWYERS' TITLE GUARANTY FUND and the
action or suit shall proceed against the Trustees as such,
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
I
w ~
M ~
,~ ,.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~i~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
~ ~
~ ~
~ 1.0 ~
~ r-I ~
~ I ~
III co I
~ N ~
~ I ~
~ co ~
~ Jo..~ N ~
O~ U I
W~ ~ ~
· n* i I
I UE-o ~ ~ ~
~ ~
~ ~ > ~
U!) 0 II
I ~ ' I
1I~~IIDg]~~I!imI~~~IIDI!mlImi!l~~~~~~Imi!I~~'~.~""AlADitU~I~Imj(]~~~Imi!I~~~IlmlI~IIDg]~~lIDg]m~~Ig]~~mlti, ~
IE;!
..- ..._.4__ 1..:II...-I.'Ii.'
.Jo_' t::
{:
-d
.. ) . ~
I
I
PROMISSORY NOTE
Cl earwater, Fl a., July 8, 1971
$ 633,640.00
For value received CITY OF CLEARWATER, FLORIDA, a municipal corporation, does
hereby promise to pay to the order of W. C. OVERCA?H and MARY L..OVERCASH, AT
Hi ghway 580, Dunedi n, Flori da 33528, the sum of SlxHundred Thuty-three
~lnllC:;:1nr1 Six Hundred Forty & no/1QJ:0LLARS ($ 633,640. OU ), plus interest
thereon at the rate of 7-1/2 per cent per annum, from date to the date of
maturi ty.
The principal of this note shall be payable in ten equal annual installments,
each of which shall be in the amount of Sixty-three Thousand Three Hundred Sixty-fou
DOLLARS ($ 63,364.00 ). The first installment at" principalshall be due
and payable on July 8, 1972, and an installment of principal shall be due and
payable on July 8 of each year thereafter until this note is paid in full. The
interest on this note shall be payable as it accrued upon the unpaid balances
hereof, on each date that an installment of principal becomes due and payable.
This note may be prepaid in part or in full at any time without penaltYlfter jl;v?6
January 1, 1972.' --- (~f1 ''','
In the event of failure to pay within 30 days when due any installment pf this (Jt/,l_: C./,
note, the holder hereof Ilk:' the unpaid principal and accrued interest
on this note immediately due and ~~J .~le.
Each maker, surety, endorser and guarantor of this note does hereby waive
_presentation of payment, notice of non-payment, protest and notice of protest,
and does hereby agree to all extensions and renewals of this note, without notice.
In the event this note is placed in the hands of an attorney for collection after
maturity, the undersigned maker agrees to pay an additional amount equal to a
reasonable attorney1s fee.
__LSEAL)
FLORIDA
,/
.~~
City Attorney
-
----~--.._---