HomeMy WebLinkAbout2656 PROMISSORY NOTB
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$~,8,~700 00 - ~"ost pi~cc~ Florida
~ ~ 196 .g,,..
FOR V:1LUE RECEIVED, I or we promfse to pay to the order of
MIDWEST MORTGAGE COMPANY~ a Missouri Corporation au•rhorized to
txansact t~usine~t~r ~n the State of Florida ~ the principal sum oF
az~~oq~ s_ n~esr ~a ~0/~00------- DOLLaRS (g •.700.04 s
togeth~x ~vi.th ia•ierest there~n a~ the rate of six and one-half per
ceni~ (iii3~) ge~ annuca until maturity; both principal and interest
b~ing payabie iY~ lawfu2 ;aoney nf the United States, or its equiva~
len~c , a~ 22~ N., E. 9~:h Street, Miami, Florida, or at such other
address as ~the t~al3er hezeof shall designate, said principal sum
and intez~st to be payable on the dates and in t~he ac~~unts spec~
if ied below , io-•wit ;
Y 55.19 o:i account o~ principal and interest due
ari~~
~.•ay~~3e ~on ~ 19(~:, and a like sum of
$~~2~ ,y~ on account o~principal and interes~ due
ar_d ~a~r ~L' 1@ ~on the lst day of each and every mont~
~:hereafter unfil the entire principal sum evidenced
hezei~y, toge~her with all accrued interest thereon; ~
i~ pai.d ii: ful3; provided, however, that the remaining
' a.~de~±edness ividenced hereby, if any, on ~
shali ba ti~ea--~ue and payable. ~r~ '
~ach c~~n~h~y installment paid hezeunder shall be first
apr?i~d to iri~erest at the applicable rate on the
reducing principal sum due hereunder from ~ime ~o ~ime;
an~ the ba1 an::e of each installment shall be applied to
the ~~duction of principal.
Thi: ~o~e may be prepaid in whdle or in part a~ any time
wi~chour penalty. .
Each ~aker an~ ~ndorser t~everally waives demand, protest and notice
of x~t~:*i~;•; non~payment or portest, and all requirements necessary ~
*_o hold Qac:~ of ~hem liable as maker~ and endorsers
Each ~~"tc~~ and endorser further agrees, jointly and severa].ly, to
pay ail CGSI':5 ef collec~ion, including a reasonab2e attorney's fee
in ~~s~ ~:.3e p~ icicipal of this No~e or any payment on ~he principal
or any infierest thereon i~ not paid at the res~;ective maturity
tnereof; cr i~: case it becomes necessary to protect Lhe seeurity
hezeef , v:lr.~:tlier sui•i: be bYOUght o= not. ~
Th~ , N~-rn ~r:c ~cf_~rred interest payments shall bear i:.±ere~t at the
ra~e of ±e:~ per cent (1096) per annum from maturity until paid„
'r'ha~ :?Sc ~e i:: secured by a first mortgage of even da~te herev~ith and
is io bn construed and enforced according to the laws of ~Lhe SAate
of Flcxiaa; upon default in the payment of principal and/oz interest
1ue or: any Note secured by said Mortgage, all notes so secured and ;
Yema~nir:g un~aid sha21 forthwith become due and pay~able nothwith- ~
standiag thirir icenox~
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Ao„~r~ b K~~ (Seal)
-~O~sRT S . 10~J0lTZ'8
~ (Seal) '
Fltll~iClB J. I~ON't8
. BOOK172 PACEiG,~~.
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