HomeMy WebLinkAbout1103 . ~ ;
PRqNIS50RY NOTB .
$ a ~
?~A~
00.~.._ ~~l~! ~ Rlot id~? ° ,
?
lia~. t~ ~ 196
j
FOR VALUB RECBxVBD, I or arQ prom~se to pay to the order o~
MIDWSST MC~RTGAGB COMPANY, a Missauri corporation authorited to
t=ansact business iri the State of Florida, ttie principal su~ of
.
~~ct zaoa~D a~ n~~ ~D ,~p~Q~ ncx.u~s (S e.~oo.00) ~
together rrith interest thetean at the rate of six vez ce~t (69~6) pez
annum until maturity; both principal.a?rid interest being payable in .
lawful money of the United ~iates, or its equivalent, at 120 N. E.
~ 9th Street, Miami, Rlorida, or at such otMet address as th~ holder
hereof shall designate, said principal stim and in~erest to be gayable
on the dmtes and in the amounts specified below, to-wit:
~
on :accowit of principal and i~te~est ~tiue a#Id
Pava e~ . , 196~ ,~?hd a 1i.ke ~tum o~ ~~y~
on account o pr czpa ~ and ir terest d~fe and payab~~}+~~t~e
lst day of each anct--every montn theieeafter u~}til the e~tire
vrinc3pal sum evidenced hereby~ together with all aCCrued
interest thereon, ~s psid ~n full; ~iovided, t~owcder, ttiat
the remaining ind~ti~tedness ev~denced hereby, if ~ny; rni
YsTtDdr .1. 2~5~, _sha11 be then due and payable•
Each monthly instsl~ent .paid herewAder shall be first '
applied.to i,iiterest at the applicable rate oh tHe reducing
principal s~i du~ ht~reuudex fYom t~.me to time, and th~
balance of ei~cK s~c~ installmQnt ah~,ll be applied to t~e
~eductian of princi~ial.
This Not~ mey be prepeid i~i w~o1e dt iti oart at a~iy time
without per~ai~,ty.
Bach ma~cer and e~idoi`se~ ~everally waives tle~and~ protest and notice
of maturity~ non-payment oY t~Yotest, and all .requirements necessaucy
to hold each of•them liable as makers and endorsers.
Sach maker and endorser further agrees, jointly and severally, to
pay all costs of collectio~n, including a reasonable attorney's fee
in case the pzincipal of~this Note or any payment on the pr3ncipal
or any interest thereon is not paid at the respective ntaturity
thereof, or in case it becomes necessary to protect the security
hereof~ whether suit be brougbt oz not.
This Note and deferred interest payments shall bear interest at the
r~?te of ten pt~r cent (1096) per annum frou matwrity until paid.
i
; Thia Note is secured by a first mortgage of even date herewith and
' is to be ca~st~ued and enforced according to the laws of the State
of Florids?; upori default ir~ the payneent of principal and/or intereQt
due o~ any No#e secured by said Mortgage, all notes so secured and
remaining uapaid shall forthwith becaae due and payable notwith-
standing their tenor.
/s/ BpNALD D$AN S1~ITH `(SSAL)
~?Y~LD D~AM SItI'17I
/e/ SZ,VIRA BLANC8A8D SNITB (SEAL )
^ ' ~Ra? ~~O~ga ~1tIT~ ~
goox144 50~ , , .
. _
r .ry - - - - . _
~ _ _
~ a ~ ~r
~,~`~~a~
~ "--a~