HomeMy WebLinkAbout1698 PItOM~ $90RY NOT~ . .
g e.~.o0 , ~ ~ss Ma~. ~ .Florida -
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P~oR vALUB RBCBIVSD~ ~ o~ wp psaafsa io pay to tne order oi}
MI01~ST MORi`OAGB COMPANY, s Mi~tsourf Corporatio~ authorized to
transact buainec~e i~ the State .of: P'lot~daf !he princtpal auv o!
:~pow~ ,s~ a ~eq/ioe no`.u~s ~g s.~+~,
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to~ether with intere~t therea?n at the sato of aix at~d one-half per
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cent (6~96) per aanua~ watil ~a?turity; both principal and intere~t
being payable in law~ul mohey of the U~ited Ststas~ or its equiva-
lent, at 120 N. S e 9th Stfeet ~ Mis?si, Florida, or at such other
address as the holder hereo! ahall deaiqnate, said princ~pal su~ .
and interest to be payable on the dt?tes and in ~he amounta spec~
ified ~below, to-~it: .
$ 5~~~ on ~~o! priac3,p~?1 atid interest due
a~p~~`a~Te ~on _ , 196 7' , and a like aum of
$~3• ~ on ac~oun o princ~pal arad interest due
and'~`payab'~'e
on the lot day cf _ each ancl every month
thereafter until the:entire P~ iacipsl suo evidenced
hezeby, togethes tvitht a11 a~CYvted inteYest thereon,
is paid in tu~l; provided, however, that tt~~~~n~6
indebtedness ~ ~
~videnced hereby, if any, on
shall be then due and payable.
Each monthly installment"paid hereunder shall be first
agplied to interest at the applicable rate on the
reducing principal sua~ due heseunder frao time to time,
and the ba~an:~.e of each in~talloeat shall be applied to
the reduction of psinci~?1.
:his i~o4e may be prepaid in wtiole or in part at any time .
withour penalty.
Each makex and endorser ~ever ly waives deoa~nd, protest and notice :
of ~atuZity= non-payment o~c ~est, and all requirements necessary -
to ho2d each of them liable as~`makera and endorsers.
Fach maker and endorser further agrees, jointly and severally, to
pay all casts of collection includin9 a reasonable attorneyts fee ~
in case ~tie principal of this Note or any payment on the•principa2
or any interest theYeon is not paid at-the respective maturity
thezeof, or in case it becomes necessary to protect the seaurity
hezeof ,~vhether suit be brouqht or not.
This Note and deferred interest pay~ents shall bear interest at the
rate of ten per cent (1096) per annum froo n~turity until paid.
This Note is secured by a first mortgage of even date herewith and
is tc be constxued and enfozced acco=dinq to the laws of the Siate
of Florida; upon default in the payment of principal and/or interest
due on any Note secured by said Mortqaqe, aIl notes so secured and
remaiaing unpafd shall fozthwith becooe due and paycabla nothwith-
standing thrrir tenor.
/s/JAMES Y. N$~iP08T (Se~l)
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~~65 ~~694 ~8~~ ~~o~
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