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<br />" <br /> <br />........ <br /> <br />.. <br /> <br />i <br /> <br />~e <br /> <br />~- <br /> <br />. . <br /> <br />forever defend unto Grantee, ,its successors and assigns, the <br /> <br />Subject. Pr'operty, subject, however, as herein provided ag'Clinst <br /> <br />all persons whomsoever 1a~fu1ly claiming or to claim the same <br /> <br />As part of the consideration for this conveyance, <br /> <br />LV <br />CJ) <br />I <br />r-v <br />OJ <br />I <br />r-v' <br />a <br />co <br />-... <br /> <br />or any part thereof. ' <br /> <br />Grantee has executed and delivered to Grantor i~s promissory <br /> <br />note. of even date herewith in the principal amount of $1,780,500.00, <br /> <br />which promissory note (herein called "said note")'bears interest <br /> <br />at the rate of seven percent (7%) per annum computed from the <br /> <br />date hereof, interest only ~eing'payab1e in advance on the <br /> <br />unpaid balance of principal of said note as provided <br /> <br />therein until the fifth annual anniversary date of said <br /> <br />note, beginning on the fifth annual anniversary date of said <br /> <br />note, the principal 'of sai~ note shall be payable in ten (10) <br /> <br />equa~ annual ins tal1ments p lu~ accrue'd interes t, earned but <br /> <br />'unpaid; the principa~ amount' of sai~ note'arid'a1l interest .. <br /> <br />accrued but unpaid thereon; if'not sooner paid, being <br /> <br />finally due and payable on the fourteenth annual anniversary <br /> <br />date of said note. Said note further provides that neither the <br /> <br />Maker of said note (nor any beneficial owner of the land conveyed <br /> <br />.."by this Deed) shall ever be personally liable for the payment <br /> <br />of any sums due on or with respect to said note or on any <br /> <br />" instrument securing the payment of said note, and in the event <br /> <br />of any default in the p~yment of said note or under any instrument <br /> <br />securing the payment ther~of, the Payee of said note shall look to <br /> <br />the proceeds of a judicial ?r non-judicial foreclosure upon the <br /> <br />property dcscribe'd )lerein '(less any portions the'reof which <br /> <br />have theretofore been partially release~, and the Paye~ <br /> <br />or their respective successors and assigns shall never have the <br /> <br />-4- <br />