HomeMy WebLinkAbout2768 PROMISSORY ~S .
s: S• 700.00 ~st lis~a~ , Florida ,
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1~4~--, 196~,
FOR VALUE RBCEZVSD, I or vre promise to pa?y to the order of
~1IDWEST M4RTG~AGE QONIPANY, a Missourf Corporatton authorized to
transact busine~~ in the State of Florida, the principal sum of
i~t!! HOR1~i1N1 10/100---~----?-- DOLLARS 0,~00.0~~
rc~~e•ther with intezest these~n at the rate of six and one-half per
.:er_~ (6~96) per annum until mi?furity; both principal and interest `
being payable in lawful money `f the United Stt?tes, or its equiva-
~-an~c, at 120 N. E~ 9th Street, Miami, Florida, or at such other ;
~
. ,
adaress as the holder hereof ahall deaignate,.said principal sum i
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~nd interest to De payable on the dates and in ~he amounts spec-- ~
~fied below, to-wit: .
$ on account of principal and interest due
an paya e on , 196 , and a like sum of
$'i4•!! on accoue o~ prine~al and interest due
an payw e on the lst day of each and every month
thereafter until the entire pzincipal sum evidenced
hereby, tagether with all accrued interest thereon,
is paid in full; provided, bowever, that the remaining
indebtedness ividenced hereby, if any, on _~~.1l97,
shall be then due and payable.
~ Each monthly instal2ment paid hereunder shall be first
applied ~o interest at the applicable rate on the
~ reducing p;incipal sum due hereunder from time to time, .
and the-balanAe of each installment shall be applied to
the reductfon of principAl,
. ~
This 1lote may be prepaid in vfiole or in part at any time ~
withour penalty.
~a~h maker and endorser ?everally waives demand, protest and noticc
maturity, non-payment or portest, a~d all requirements necessary ~
}c hold each of them liable as makerz and endorsers. ~
Each maker and endorser further agrees, jointly and severally, to ~
~ay all costs of collec~ioh~ including a reasonable attorney~s fee
in case the principal of this Note or any payment on the principal
or any interest thereon is riot paid at the respective maturity
thereof, or in case it becomes necessary to pzotect the seaurity
~e~eof, whether suit be brought or not.
~This Vote and deferred interest payments shall bear interest at the '
rGte of ten per cent (1096) per annum from maturity until paid.
'~~~.s Note is secured by a first mortgage of even date herewith and
is to be construed and enforced accoYding to the laws of the S~ate
Florida; upon default in the payment of principal and/or interest
due on any Note secured by said Mortqage, all notes so secured and
ren~aining unpaid shall ~Eorthwith become due and paycable nothvvith-
standing th~rir tenor.
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