Shaggymarine.com

3750 Summer Dr Pensacola FL 32504

THIS IS A BALLOON MORTGAGE OVER A TWELVE (12) MONTH PERIOD WITH THE FINAL PRINCIPAL PAYMENT OR THE PRINCIPAL BALANCE DUE UPON MATURITY BEING $235,000.00 TOGETHER WITH ACCRUED INTEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY THE LENDER UNDER THE TERMS OF THIS MORTGAGE.

IDENTIFICATION OF MORTGAGOR: No Parking, LLC., a Florida limited liability company (“Borrower” or “Mortgagor”) 5568 Woodbine Road, Suite 52 Pace, Florida 32571 Borrower may change such address from time to time by giving notice to the Lender as provided in Paragraph 18 hereof

IDENTIFICATION OF LENDER Ashley Murray, LLC., a Florida limited liability company (“Lender” or “Mortgagee”) 6895 Foxboro Circle Pace, Florida 32571 Lender may change such address from time to time by giving notice as provided in Paragraph 18 hereof

DESCRIPTION OF NOTE SECURED BY THIS MORTGAGE Mortgagor owes Mortgagee the principal sum of $235,000.00, together with a flat rate interest fee of twelve thousand, nine hundred and 00/100 dollars ($17,750.00) to be due upon the sale or refinance of the property, as evidenced and according to that certain Promissory Note of even date herewith (the”Note”) which requires payment as set forth herein with all sums owing thereon, unless sooner paid, to be due no later than March 31st 2025 (“Maturity Date”). Borrower shall promptly pay, when due, the principal of and the interest on the debt evidenced