HomeMy WebLinkAbout1056 . . ..~.a.....
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~ ' PRq~iI 5SORY P10TB
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. Flor id~?
. _ , I96
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P~OR VALUB RBCBtVBD ~ I or w~a p~o~iso td_ p~y to the order of ~
MIDWBST MpR1raAG'B QQMppNY j a Mia~o~iif ~bspora?tion autborised to
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transact businec~~i ~n the StatQ o~ A'l0=ida ~ tha priacipal sw of j
scoa ~aw~a_~snw ~ • ~~oe _ ~ ~cx.~s ~~~.roe:ai, -
to~etper with inteYest ' th+aire~?a a~ the rato, of six and one-half por
'
cent (b~fi) per antiuo~ tiat~~ ~atur~.ty; both principal aad fntQre~t -
being payeble ffi lawful iivi~ey e! thQ UaitQd Statas ~ oY ita equiva-
lentc, at 120 N. S. 9th St~eet, M~a~i, Florida, or at si~ch other
add=ess as the hoides ~eYeof sha~~ desi9~ate, aa~d pri~icip~?1 aw
and iaterest to be.paysD~Q oa tho tlatQa aod ia Dhe aoounts spec-
ified be~,±o~r, to-wit: . .
S~~~~~_~~~ ~on sccou~t of pf~~pal aad intwrest due
a-~' pay'
a-'TT'oh , 196 i" aa~d a 2ike ~ su~ o! -
$ o d ac~ o pr i
i QC~al
_ aad intero~t due
p~?y. _ Q_ ot! .~hp 1• day o?~ each aixi aveiry vonth
thexeafter until tho ~i~~ise p~incipai su~ Qvidenced
hezeby,, to~etheY with_~11i aactuad interest thereon,
. is paid in full; provi~ed, howQVar, that the teoafAing
indebtedness ividertced hezeby, i~ aAy, on ~~sR 1~ ~
sha~l be~then duQ and payaDle. ~
~ Each monthly installveat pa~id heseuusder shall . be firat ~
applied to interest at the appl~~able zato on the ~
reducing principal suv due'hereunder frnd tise to t~ine,
and the baaande o! each in~~alla~ent shall be appYied to
the rQduction o~ prioci~l.
This ?[ote may be prepaid in whole or in part at any time .
withour penalty. ~ -
Ea~h ma~cez and endoraer oeverally waives deoand, protest and notite '
of maturity, non-payiaent o~r portest, and-aZl rQquirements aecessary
to hold each of the4 liable aa na?kQra and Q~dorseze.-~
Each maker and endorser further agrees, jointly and severally, to
pay all coata . of collectfoA includfng a reaso~?ble attorney ~ s fee ~
in case 4tie principal of th~s Note oY any payven~ on the principal
or any intereet thereoa is aot paid at the iespective maturity
thereof, or in case.~~.becoses necesssry to protect the ~Qsurity
hereof, ~he_theY auft be b=ou9ht or not.
Thrs Note and deferred intereat payaents shall bear intezest at the
rate of ten per cent (209ij per annu~ fsou saturity until paid.
This Note is aecured_by a first 0ortgage of evea date herewitb.and
is to be construed and enfo=ced a~ccording to the lawa ot the Siate-
of F'lorida; upon default ia the paysent of principal and/or interest
due on any Note secuzed by said Mortgaqe, all notes so aecuied and _
xemaining unpaid sha?11 forthwith becose due aad paycable nothwith-
standing th~ir tenor.
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