HomeMy WebLinkAbout1737 ~r~0iy~
, PRqrtISSORY ~TB
S e•~•~ ~r~t M.~y,_, Flarias .
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1~~,~_, 196~
FOR VALUB RECSIVBD, I or wQ promise to pay to the order of
MID~WEST MORTG~?GS C(1MPANY, a Missouri corporatfon authorized to
trans~?ct business in the State of Rlorida, the principal sun of
IIQn' rH0_,_,U~~D~. t1~D!=D ~D ioi~oo~,__._,
Da.~s ~s e,~oo.oo~,
• .e.•bal
together aith iaterest thereon at the rate of six/ber cent~ por
annum until aaturity; both pYinci~a?1 and interest being payable in
lav~ul money of the United ~tates, or its equivalent, at Z20 N. 8.
9th Street, Miami~ Florida?~ or at sach othet address as the holder
hereo! shsll designate~ said pr inCipal sum a?~d interest to be payable
on the dates and in tHe amounts speCified beloa, to-wit:
$ 5s~ on account of principal and intgrest due and
paya e on `~iGiT l~t , 196
~ i and s 1 zk swn of $ ~S~S.~
on a~count o pr r?cipa and interest dtie a~ jiayable
o~
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-2st day of eacb atid ebery month therea~ter~u t31 the entire
~rincipal sum eti3denced hereby~ xogether wit~~all accrued
. inteYe~t th~reon, is pe?id ~ in full; prwided, fibwever , ttiat
the rema?ini~g indebtedne~s evidenCed hezeby; it any, on
~LtA~ lst. 1~~ ~ sfiall ~e th~ri due and pay~?ble.
Each monthly ins~a lment ~aifl heieunder shall be fir~~
applied to interes~ at the app~i~a?bfe~rate on the reducing
principal sum due hereunder f=om time to ti.me, and the
balanee of each such in~tallment shall be applied to the
reductian of pzincipal.
This Note may be prepaid in whole ox in oart at any time
without penalty.
8ach maker and endorser severally waives demand, protest and notice
of maturity~ non-paymer?t or Drotest, and all requiremerits necessary
to hold each of them liable as makers and endorsers.
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; Each maker and endorser further agrees, jointly and severally, to
~ pay all costs of collection, including a reasonable attorney's fee
~ in case the principal of this Note or auiy payment on the priincipal
~ or any interest thereon is not paid at the respective maturity
thereof, or in case it becomes necessary to protect the security
~ hereof, whethez suit be brought or not.
This Note and deferred interest payments shall bear ~interest at the
rate of ten ner cent (10~6) per annum fram~ matwrity until paid. ~
This Note is secured by a ffxst mortgage of even da?te hereaith and ~
is to be construed and enforced according to the laws of the State '
~ of Florida; upon default in the payment of principal and/or interest ~
due on any Note secured by said Mortgage, all notes so secured and ~
~ remaining unpaid shall forthwith become due and payable notwith-
~ standing their tenor.
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