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~`I~OFII~A
~ Y73,000,00 I7~cember j0, 1~~+
For value received~ the undersigned ~ointly and several.~y praaise to 1~ay
to the order af the ST. LUCIE COLJNTY BANK, its successors, or assigns, at its
office near Fort Pierce, Florida, or a~ such other place as ~e h~lcer may
, designate in ~rit~g delivered or ma~.led to the debtor, in lawflil m.oney of the
United States of America~ ~t.he principal sum of Sevent Three Thous~r,d and Ivo/100
($73,000,~) Dollars, i,ri~h interest ~thereon at 5- ~ per cent per anntu:l frcxn
~ :•date, an the whole amount of said principal sum remair,ing unpaid from time to
!,time, ~hich interest shall be payable quadri-annually on the first aay af _
~ ' July, October, ~'anuary, A~ril
!of each and every y~ar. The said principa~. s~ shall be paid as follows:
$i~6o.a0 is due and payat~le on the ~`j-rst d~.y of Ju~y, 1g65, ~nd
~1.~:60.00 on the first day of each October, January, Apri1 atid
Ju~y thereaf`ter until
October ~rst, ~977, on ~hich date the entire
~ principal ba].ance, together w~th s11 accrued interest, sha11 be at
, once due and pa;~able. ~
~ Yf any installment of interest or principal is not paid at ~ts ~a~urity,
the same sha~l tkiereaf'ter bear interest a~ the rate of seven per cent per
anrnun until paid, and shall be lmmediately due and payable.
j
~
~p undersi~ed expressly reserve the right, wif.haut the pay~ent c~f any ~ ee
: charge whatever, ~o dauble sx~y of said quarterl,y principal install~ents on ~.~~y
, due date thexeof, prov~ded, how~ever~ that t1-iis acceleration privilege shall ~e
:non-cumuJ.ative, and provided flzx-ther, tha~ the ST. LUCIE COUI~'iY BAI~'K~ or its
;successors or assigns, shall have the option of appJying said ad~ition~~ p3;~:~r:~s
on the final ma~urin~ in~tallment or installraents of the ~oan. The privi?e~e is
~ also reserved to flil],y prepay t.hi.s loan on at~y payment date af'~er five (5) years,
sub~ect ~0 30 days written prior notice and to a reinvestment fee of 3~ of '-4i~:P
~ ''unpa~d princi~al.balance.
.
' in the event of failure to pay ar~y interes~ or any instalL~aent of prin~ry ~1
p ;or any portion of either~ or any~other sum required to ~e paid by t,his note an3~
~ ~~or the mortgage of even date herewith,~within thix~ty days af`ter the ssme becc~:es
I aue and payabl.e, or iri the ev~rat of failure to perfoxm and cc~pl,y Fr`~th ariy and
! 'all of the covenants, terms and prov3sians af this note and~or the mort~a~;e o~
f even aate hereFrith~ and~or ar~y other instx~unent or i:~s~r~nents, iP a.ny, uhicn
~ 'sPcure this note, then in any of said events said prineipal stan and All adva~~ce-
.~ents ~ade pursu,ant to the provisions of said mortgage, togeL~her ~rith al.~ ur~pG~d
in~erest thereon shall be at once due and payab1e at the option of the ST.LUCIE
CCiT3TY HA2~, its successors ar assigns, and be collectible Frithout fLr~her
notice.
ine ~:a.~cers and enciorser~ hereby severally waive present~en~~ for p~J~er~~,
protest and notice of protest a.ad non-pa;,~ment o~ thi.s r~ote and e:caressly agree
~ointly and sever3L~y to rer~ain and continue bound for tne paynznt of tne
principal, interest and other sluns provided for by ~he terr~s of this no~e ~nd~or:
~ne ~~ortga~e securing ~2^.e sam~e notsritYzsta.nding any ex~ension or extension_s af
~he ~izne of, or f°o< the payment of said princigal or interest or o~hEr s~~, or
~.ny cnan~;e or chan;es in tne amotznt ar a~ounts agreed to be paid L:nder and by
virtue of thA obli~ations to pay provided for in this note and;or said reort~age,, _
or any change or changes by way of reJ.ease or surrender, excha.nge r,r su'~stitutiori
c:' any reul estate security or other collateral securi~y now held or w~icn ~r~;,t
rer~after be hel.d as security for this note, and waive al.]. and evexy kir.d of
no;,ice of such extiension or extensions, change or chan~es' and agree tha~ ~ne
saL:e ~.ay be made without no~ice to or 3oinder af the undersi~ed.
?t is er.,~ress].y agreed and declared that this note is given for an ac~ual ~
l~~n of Seventy ~ree ~ausand and I~o~100 (~73,UOO.C~) Dollars, and if tila.ced ,
in the hands of an attox~ney ~or co].1.ection~ the makers and endorsers ~oin~7y
a~nd several.3~y agree to gay a11 costs and a reasonable attorney's fee. ~is •
note is secured by a mortgage o~ even date conveyixsg prape~rty in St, Lucie ;
Count;~, Florida.
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