HomeMy WebLinkAbout2446 ~ ~ • .
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= $3~7, ~0.00 „ ~ .1964
~ ~ l~oA o11LO! rr~ proaiaa t~o paY to the order o!
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- ~ ~~IrpltiD~? pATIpl~L B7~ ~?T L~ at ita grinoipal of~ivs
in tbe Citp o~ Lalc~eland, ll+orida, or at ~nab other plaos as ths
~lder hereof ~aay fro~ time to time desiqnate in writin~, t~s
' ~ptincipal amn o~ ~hree Hundred porty Seven shoneaad Dollara
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~ ; ($3~7,000.00), xitb interest ~rom dat~ at tbs rate of five and
~ on~e quarter per cent (5~~ Por annuA, PaYable uanthly. both
; ~ prindpal and intereat payable in laxful moaeY of t2~s United ~
States of Amsrica. ~ . ' - •
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~ 1'~s oaid p~rincipal and intarest ehall bs psyable in
~ nwntbly inetallmants of ~lro ~nsand ~ Ona Sna~red Si~Cty Seven
: Dollara aund ~iinety T'hree Cents ($2,167.93~, coameaci.nQ on ths
; first day of Oct~ober, 1964, and on t~s first dap of eaclz ~ronth
~ thereafter until Septe~mber 1. 1987; on whiah laet a+ention~e8 dat~a
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. the entire nnpaia balance of gtiudpal and iutersst then arinq
. ~ ahall beoowe iamediataly dwe an8 payable. The intereat slsall bs
. paid by apportioai~ for that p~urpoia ont of each aonthly
l~t~3~at ~a a e+~ ~ g~y a~rued intereatt
interest to be eo~ted on thm nnpaid pcincipal balarLOS at the
: begianinq of each monthlp interval~ tl~s balance of eaols ~nthly
~ gayment after ancb ap~ortiomsent to int.erest shall bs oredited
on tl~a grin,oipal ~ereof . In the rvent finsl disbaraersent of
loan p~t~oceeda ie made grior to t2ie first dap of Sep~teoabsr, 1964,
then the a'bo~ve required aionthlT aawrti~ation paymant that ~could
~ - , c~oa~aence on ths first 8aY o~ Octobsr, 1964, shall caenoenos on
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- tha first day of tLs oionth n~e~ct folla~iinq the month in trhi~h •
lin~l disbarseu~snt o~ tbe lcsn p~rocee~s is made, an~d t.hen ao~
~ tinne for t~e toll psriod of trenty tbree ~23) years and nntil
tbe p,rindpal ancl interest are fnlly paid.
` 11].1 peet das principal and interset ~hall bear intere~t
~ . at t~s biqhest rats allared bp la~x. n~ot asaeedinQ sis psr oent
t~%I psr amm~a natii paid.
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