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PROMISSORY NOrTB
$ ~.700.00 ~ ~i~ , F lor ida?
' prl,ol~t ~ , 196~ ~ "
FOR VALUC RECBIVED~ I or we promise to nay to the order of ~
;
MIDWES~ McRTGAGS COMPANY~ a Missouri corporation authorized to
transaCt busixiess in the State of Rlorida, the principal sum of
s~!' SEV~ ~ ~q/100~•~»~ DCI.LARS (~~~T/O.OA ,
togeth~r with interest thereon at the rate of six ~er cent ~ per
annum until maturity; both principal and interest being payable in
la~vful money of the United ~tates, or its equivalent, at 120 N. 3.
9th Street, Miami, Florida, or at such other address as the holder .
her~of shall designate, said nrincipal sum and interest to be payable ~
~
on the dates and in the amounts specified below, to-wit: ~
~
$!f.l~ on account of principal and interest due and ~
payab~e
on ~t 1 , 196 and a like sum of $ sf~ ;
on account o principal and interest due and payable on the }
lst day of each and every mcnth thereafter until the entire
:r) ~rincipal sum evid'enced hereby, together with all accrued
interest thereon, is paid in full; provided, however, that ~
the Yemaining ifidebtedness evidenced hereby, if any, on
~l~2 1~ 1!!i , shall be then due and payable.
Each manthly installment paid hereunder shall be first ~
applied to interest at the apnlicable rate on the redacing ~
principal sum due hereunder f~com time to time, and the ~
balance of each such installment shall be applied to the ;
reduction of principal. ~
This Note may be prepaid in whole or in *~art at any time
r~ithout nenalty. - •
Each maker and endorser severally waives demand~ protest and hotice
of maturity, non- ayment or orotest, and all requirements n~cessary
to hold ~ach of t~em liable as makers and endorsers.
Each maker and endorser further agrees, jointly and severally, to
tiay all costs of collection, including a reaso~able attorney's fee
in case the pr incipal of this Note or any payment on t he principal
or any interest thezeon is not paid at the respQCtive maturity
thereof, or in case it becomes necessary to prot~ct the security
hereof, whether suit be brought or not. -
t
This Note and deferred interest payments shall bear interest at the
rate of ten ver cent (lOgb) ner annum from triaturity until paid.
This Note is secured by a first mortgage of even date herewith and
is to be construed and enforced accox'ding to the laws of the ~tate
of Florida.; upon default in the payment of nrincipal 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.
/s/ Earl L. Bovat (SEAL) '
• .
Bertha_ ~1. Bovat (SEAL ) ~
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8001(1W PACE 4~2 '
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