HomeMy WebLinkAbout1717 ~ pROMISSORY NOTE ~
~ ~ 8.?00.00 Fort Pierce #
, F lor ida
Febru~r,~ t0 ~ ~ ~ ~96 ?
FOR VALUC REC°IVED~ I or tive promise to nay to the order of ,
MIDWEST MC'RTGAGE COMPANY, a Missouri Corpbration authoriaed to
transact business in the State of F.lorida, the principal sum of
EIGHT THOU3t1cV D S EVr'Y.V HW DRED 3 NO/100 p~,1,pRS 700.0~ ~
six & one h~lf
together with interest thereon at the rate of ~ ~er en ner
•r
annum until maturity; both principal and interest being payable in
i lawful ~noney of the United ~tates, or its equivalent, at 124-N. 3.
i 9th Street, Miami~ Florida, or at such other address as the holder
,
hereof shall designate, said nrincipal sum and interest to be payable `
on the dates and in the amounts specified below, to-wi.t:
$ 55•29 on account of princiual and interest due and
payab~on MARCH lst. , 196 and a like sum of $>5• 29
on a~count o~ p
nci~''pa
al nd interest due and payable on the
lst day of each and every mcnth thereafter until the entire
! arinCipal sum evidenced hereby, together with all accrued
f interest thereon; is paid in full; provided, hawever, that
` the remaining itidebtedness evidenced hereby, if any, on
~ AU~US~ lst. 1g96 , shall be then due and payable.
~ Each monthly ir~stallment paid hereunder shall be first
~ applied to iriterest at the app],icab2e rate on the reducing
principa]. sum c~ue hereueder from time to time, and the
~ balanCe of eacti such installnient shall be applied to the
reduction of principal.
i
, This Note may be prepaid in whole or in nart at any time
j ~iithout Aenalty. .
; ~
Each maker and endorser severa22y waives demand, protest and notice
i of maturity~ nort-payment oz nrotest, and all requiren~ents necessary
E to hold ~ach of them liable as makers and endorsers.
~
~ Each maker and endorser further agrees, jointly and severally, to
~ • nay all costs of collection, including a reasonable attorney's fee
~ , in case the principal of.this Note or any payment on the pzincipal
~ or any interest thereon ls not paid at the respective maturity ~
i thereof, or in case it becom~s necessary to protect the security ~
hereof, whether suit be brought or not.
,
~ This Note and deferred interest payments shall bear interest at the
rate of ten per cent (10°jb) ner annum from maturity until paid.
This Note is secured by a f irst mortgage of even date herewith and
' is to be construed and enforced according to the la~vs of the ~tate
~ of Flor ida; upon default in the payment of orincipal and/or interest
' due on any Note secured by said Mortgage, a12 notes so secured and
~ remaining unpaid sha11 forthwith become due and payable notwith- .
. standing their tenor.
' ~ - /s/Warren H. Harden (s~~j
Warren H. Harden
/s/Jeanette Iiarden ~gEpi,~
Jeanet t e Harden
eoox 164 PACE 1715
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