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PROMI SSORY NOTS , ,
A,600.00 Ft• pi~, , Florida
~ - ,
A~ u , 196 ~
FOR VALUB RECEfVED, I or we promise to pay to the order of
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fi,?~Dt~ST MORTGAGE OOMPANY, a Miasourf Corporation authorized to ~
iz ar~~act busine~t~ in the State o! Florida~, the pzincipal sum of
B3~ht Thou~aud 33x _~r«l a~~ '1,00,-«-~-•••• DOLLARS (S >
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?:~4ethez with interest thereFn a~ the rate of six and one-half per
r.~r_~ (6~) per annum until maturity; both principel and interest
?.~ein~ payable in lawful money ~f the United Sta?tes, or its equivaw ~ ,
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I~ati, at 120 N. E. 9th Street, Miami, Florida, or at such other
ac~izess as the holder hereof shall desigaate, said principal sum
and interest-to be payable on the dates and in 1he amounts spec••• ~
ified below, to-witt '
$ S4.bi on account of p~!incipal and interest due
an p~a e on , 196 and a like sum of
$ • - on accoun o princi'pal and interest due °
an payA e on the lst day of each and every month
thereafter until the entire principal sum evidenced j
:~ereby, together with all accrued 3nterest thereon, ;
is paid in full~ pr~v~dedt however~ that the temaining i
indebtedness ividenced hereby, if any, on ~t 1. 1997, ;
shall be then due and payable. ~
8ach monthly installment paid hereunder shall be first
. applied to interest at~the applicable rate on the
redi~cing principal sum due hereunder from time to timef
and the balanlfe of each installment shall be applied to
the reduction of principal. , #
This ltote may be prepaid in vihole or in part at any time
withour penalty.
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Ea~h maker and endorser- severally waives demand, protest and notice
~aturity, non-payment or portest, and all requirements necessary - ~
-Lo hold each of them Iiable as makera and endorsers.
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Each maker and endorser further agrees, jo3.ntly and severally, to~ 3
~ay all costs of collectior~, including a reasonable attorney~s fee
xn ~ase ttie principal of this Note or any payment on the principal .
~•r any interest thereon i~ not paid at the respective maturity -
c:,ereof, or in case it becomes necessary to protect the seQUri*.y ;
hereof, whether suit be brought or not. ~
'tn~s Note and def~zred interest payments shall bear interest at the
~ate of ten per cent (1096) per annum fzom maturity until paid, ~
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?~h~ s Note is secured by a first moztgage of even date herewith and
~s #o be construed and enforced according to the laws of the S~ate
F?crida; upon default in the payment of principal and/or interest
due on any Note secured_by said Moztgage, all notes so secured and E~
remaining unpaid shall forthwith become due and payrable nothwitr,- $
standing th~ri.r tenor. ~
{Seal) ~
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~ (Sealj
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BOOKIV~ PAGE2775
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