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Home My WebLink About0925 PRO:SISSORY A'O~E a~2,200.00 APPLICATIOY NO.: ~4/~-2I~1?/4 PI,~CE: Fort Pierce, Florida DATy:April 21, 1969 FO : VAI,jTE Ri~CEI~'~D, ;;::e u:dersi~~ed ~oint~y and severally . ro~i: , s) to pay to t:~a ordzr o~ -c: e ~:~itzd Sza~;.es of America (hzre_.: called t:e "Go:,,~•nment"), ac~ing by and through the Secre- o~ry of Iiousir.g and Urban Develop~ent, or his successors, the sum T~wo ,~t~ousand Two Hundred and ~9/100------ Dollars ( S 2, 200.00 and to pay interes~ on e unpai princ.pa amount of this Note fro~ the datP hereof, at the rate of Three per centum (396) per annum, until paid. ~o~ch the principal of and interest on this Note are pay- abla an the First Day of Each Month, ~n 84 monthiy inatallments, includir.:~ both principal and interest, commencing April 18, 1969, with a payment of $35.71 on June 1, 19 69, and of ~ 33.33 tae First Da.y of Each Month, in lawful'money of the United States at ~::e principal office of General Guaranty Mortgage Conpany, Winter Par:~, Florida, ai at such other place as shall be designateii by the Government. . .:e undersigned reserve(s) the right to prepay at any time all or any par~ of the principal amount of this Note without the paym~nt~ of per.a~tiies ~r ~remiums. All pay~nents on this lvote ~hali bz app~ied ~irs~ ~he interest due on the Note, and then to the principal due cn the ATc~~e, and the remaining ba3.ance shall be applied to late c'r.arges, i~ any. Except as provided below, all monthly installment paynents on this Note shall be credited as of the due date thereof ~•~itnouti ad~ustmen~ of interest beca~;se paid either before or after suc : cit;e date. IY THE EYENT ~~e undersigned shall fail to pay the interest an or principal amoun~t of this 1~'ote wnen due, and if such failure be sub- sisting on the date the next installnent payment under this Note be- cones due and payable, the unpaid principal amount of this Note, to- getiher with accrued interest and late charges, shall bP~ome due and ~ayable, at the op~cion of the Government, without notice to the under- signed. Failure of the Government to exercise such option shall not constitute a waiver oi such default. No default shall exist by reason ' • of nonpayment of any required installment of principal and interest so long as the amount of optional prepayments already made pursuant :~ereto equals or exceeds the amount of the required installments. If ~he interest on, and principal of, this Note are not paid du~~ing the ` calendar month which includes the due date, the undersigned shall pay ~ ~o the Government a late charge of 1gb per calendar month, or fraction• ~hereof, on the amount past d~e and remaining unpaid. If this Note be reduced to judgment, auch judgment should bear the statutory in- ;.erest rate on judg:nents, but ~ot to exceed 6~b per annum. I~"sui~c is institut2d by the Governmen~ to recover on this ~lote., t~e undersigned agree(s) to pay all cos~s of such collection includi:~g reasonaale at~orney'9 fees and court costs. ~ ~::.:S i~'OTL is secured 'oy a First Mortgagaiuly filed for record in the Office of tbe Clerk of the Circuit Court of Saint Zucie County, Fort Pierce, Florida. DEMAND, protest and notice of de~and and protest are hereby waived, and the undersigned hereby waives, to the extent authorized law, any and all r~~estead and other exemption rights which other- ~~rise woul~ apply ~o the deb~ evidenceci ~y tnis Yote. IN WITNESS WHEREOF, ~bie NOTE has been duly executed by the undersigned, as of ~~s date. , i~ ~ {L.S.) W iTN~`s ' ~ ~ F~~~ E C UNTY~~ A. . REC (I,• S. ) . ~c~` ` . t , r N ss ; •69 MAY 9 PM : i 1!~1 s CLERK CIRCUIT COUR7~ d00K11 / FN6E ~t ` _ > ~ ~ ~ ' _ _ - ,~h