HomeMy WebLinkAbout0150 , •
. PROMISSORY NO?8
$ •~600•00 ~ ~ ~qr• , Flosida
. 11at~1~ l~ 196,~„~
P'OR VALUB RECEIVBD, I or ~w pYOSise !o pay to the order o~
~
MIDWEST MOR1'GACS OOMPANY~ a Misaouri Corporation authorized to
transact businer~u in the State o! Florida, the principal sum of
sta~rr snovs~xp su a~~ .~oo DoI.~a~s cse.~oo~oo~ ,
-.+.~ua~~w.v.a~ss~scau~.oorea ! ~~~~~SO7! 7~a~~A~~w1~~~~ .
t
together with intez~st there~~ at the rate o! six and one-haZf per ~
cent ~(6~Ab) per annum until matuzity; ~oth principal and interest
being payable i.n la~eful money of the United States, or its equiva~
len~c Q at ~20 N,. E, 9'th Street Mianli, Florida, or at such othez • ~
address as the holder hereo! shall deaiqnate, said principal sum
~
and interest to be payable on the d~??tes and in tihe gmvunts spec~
if ied belovr, ~to-wit ; - '
or~ accoun~t of principal and interest d•se '
an~ ya`$~'e'
on~'~iL •1/t , 196~; and a like su~ of
$~i~ on accoun o princlpal and interest due
anc ~pay'~'~.e
on the lst day of each and every month
~thereafter until the enti=e principsl suv evidenced
hereby, together a?i~th all accrued interest thereon,
is paid in ful2; provided, horrever, that the zemainin
indebtedness lvidenced hereby, if a»y, on •1!'1~~~l~ i
sha2J be then due and payable.
_ Each ir.onthly installment paid hereunder shall be first
~?gp3ied to interest at the applicable ra?te on the
red~cing principal su~ due hereunder fram time to timef '
and the ba~.an:~e ot each i.nstallment shall be appiied to ~
~the reduction of principel.
This Idote may be prepaid in whole or in part at any time .
wi~hour penalty.
Each maker and endorser oeverally waives demand, protest and notice F
of ~na~uriicy, non-payment or portest, and all requirements necessary
tc hold each of them liable as makers and endorsers. '
Eac~~ make•_ and endo=ser further agrees, jointly and severally, to
pay aI? LGS'i.3 of coliection, including a reasonable attorney fee
in case ~~5e principal of this Note or any payment on the principal
or any interest thereon is not paid at the respective matwrity
thereof, or in case it becomes necessary to protect ~he seauri+.y
hezeo~, whethex suit be brought or not.
Thz ; N~`e a°~d ~-ef~ired interest payments shall bear interest at the
rate of ±en per cent (1096~ per annuo froa maturity until paid.
This l~o~e is secured by a tirst mortgage oi` even date herewith and
is to be c~nstrued and enforced according to the lavrs of the S~ate
of Fluxi3a; upon default in the pay~nent of principal and/or interest
due on any i~lote secuYed by said Mortgage, all notes so secured and
remaining unpaid shall forthwith become due and paycable nothwith-
standing thqrir tenor.
/~/Qh~?~r1M 0: I~an (Seal)
goox 1S5 ~A~ 149 -•u• s: c Sea~ ~
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