HomeMy WebLinkAbout0178 ' M~1 ~ 689s
. PROMISSORY NOZB
8 740.00,~ . - 1''t. Pi~w_,~,, Florida ~
March 22 ~ ~,gb 8 _
FOR VAUUE RECEYVED~ I or ae promise to pay to the order of
~tInWEST MORTGAGE OOMPANY, a Missouri Corporation authorized to
rYansact busine~~ in the State of Florida, the principal sum of
sic~a~r ~aavs~ ssvsx _~;~vn~n ~ No/oa----;~
noi,rARS a, ~oo. 00 ;
fc~;eth~z with interest there~n at the zate of six and cne-half per ~
cen-~ (6~96) per annum until maturity; both principel and interest
~e::ng payable in lawful money .~f the United States, or its equiva-~
±zn-c; at 120 N. E. 9th Street, Miami, Florida, or at such other
~L~i-c:ss as the holder hereof shall designate, said principal su~
f
~
and interest to be payab2e on the dates and in 1he amounts spec- ~
~~ied below, to-wit: '
$ 55.2y on account of principal and interest due
and paya e on -Ma , 196~, and a like sum of
$ SS.29 on accoun o princlpal and interest due
a~ payA e on the lst day of each and every month
thereafter until the entire principal sum evidenced
hereby, together aith all accYUed interest thereon,
is paid in full; pzovided, hoNrever~ that the remaining
indebtedness ividenced hereby~ if any, ~n October. 1997,
sha1Z be then due and payablei
~ach monthly installment paid hereunder shall be first
applied to interest at the applicable rate on the
reducing p=incipal sum due heYeunder from time to time,
and the ba?lan~!e, of each installment shall be app2ied ta
the reduction of pzinci~l.
This ldote may be prepaid in v~rhole or in part at any time '
• :~ithour penaltyi ~
Ea~h maker and endorser ~everally waives demand, protest and noticc
:~f ~aturity, non-paym nt or portest, attd all requizements necessary '
Yc. hold each of them ~iable as maker~ and endorsers.
Eacr maker and endorser further agrees, jointly and severally, to
~.ay all costs of collection, inc2uding a reasonable attorney~s fee
case tiie principal of this Note or any payment on the principal
, or any interest thereon is not paid at the respective maturity
~hereof, or in case it becomes necessary to protect the seQUrity
;~e~eof, whether suit be brought or not. •
r:~:~ Note and deferzed interest payments shall bear interest afi the
rate of ten per cent (1096) peY annum from maturity until paid. ~
':~~s Note is secured by a first mortgage of even date herewith and
to be construed and enforced according to the laws of the State
~f tlorida; upon defau2t in the payment of principal and/or interest
~ue ~n any Note secured by said Mortgage, all notes so secured and
remaining unpaid shall forthrrith become due and paKable nothwifih-
5 tanding th~rir tenor .
/s/ JaIDea L. ~I~}~~ (Sea=)
. I.ANB !
L~~~ .
. ~
~ • '
/e/ Lo ~ w. La~}~ (Seal)
LOI3 W. L~NB
aooK 171 Pac~ 1
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