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HomeMy WebLinkAbout0940 PROMI3SORY NOT~ ~ f ' = 9,~+~• ~ APPLICATION N0. : lp f~2/`78/4 ' PLACT t Fort Pierce, Florida , DATL s April 25, ~ 969 FOR VALUE RTCPIVED, the undereigned ~ointly and severally romiae(a) to pay to the order of the United Statee of America ~herein called the "Governme~t"), actfng by aad through the Secre- tary of Houaing and IIrba~ D~velopment, or hie euccesaore, the eum of e Thouacr~ 1~~' Hundr a---------_-- Idp 00 Dollare 9,~?00.00 and o pay n eres on e unpa d pr n~pa amount of tbia Note from the date hereof, at the rate of Three per centum (396) per annum, until paid. Both tbe principal of and intereet on thia Note are pay- able on the First Day of Tsach Montb, in 2~p monthly inet~lmente, including both prin~ipal and interest, commencing April 1, 1969, ~ with a payment of ; 72.35 on June 1, 1969, and of 62•~? the First Day of Each Month, in lawful money of tbe United States at the principal office of General Guaranty Mortgage Company, Winter Park, Florida, or at such other place ae ahall be deaignated by the Government. . The undersigned reaerve(e) the right to prepay at any time all or any part of the principal amount of thia Note without tbe paymen~- of per.$~tiea or premiums. All paymente on this Note shal~ be applied ~irst tic i,he intereat due on tbe Note, and then to the principal due on the Note, and the remaining balance ahall be applied to late charges, if any. Except as provided below, all monthly inatallment ~ paymenta on thia Note shall be credited ae of the due date thereof ; without adjuetment of intereat becauee paid either before or after such due date. IN THE EVENT the undersigned ehall fail to pay the intereat on . or principal amount of this Note when due, and if such failure be sub- sisting on the date the next inatallment payment under thie Note be- i comes due and payable, the unpaid principal amount of this Note, to- ~ gether with accrued intereat and late chargea, ahall become due and ~ payable, at tbe option of the Government, without notice to the under- ~ signed. Failure of the Government to exercise euch option ahall not constitute a waiver of such default. No default ahall exiat by reason of nonpayment of any required inatallment of principal and intereat so long as the amount of optional prepaymenta already made pursuant hereto equals or exceeds the amount of the required inetallments. If the intereat on, and principal of, this Note are not paid during the ~i: calendar month which includes the due date, the underaigned ahall pay, to the Government a late charge of 1y6 per calendar month, or fraction~ thereof, on the amount past due and remaining unpaid. If thie Note be reduced to judgment, such judgment ahould bear the atatutory in- ~ tereat rate on judgmenta, but not to exceed 6g6 per annum. IF auit ie instituted by tbe Government to recover on'thia Note, tbe undersigned agree(e) to pay all coets of such collection including reaeonable attorney's feea and court costa. ~ THIS NOTE is aecured by 8~rst Mortgage du~ fil d f cord in the office of the clerk of the Circuit Cc~urt of ~~int Lucz~ Coun~y, FQ~'i~~• DEMAND, proteat and notice of demand and proteet are hereby : waived, and the undersigned bereby waivee, to tbe extent authorized by law, any and all homeatead and otber exemption rigbta which other- wi~e would apply to the debt evidenced by thia Note. IN WITNBSS WHT'RTOF, thie NOTT hQS been duly executed by the undereigned, as of i~Ce dat. Il.EO AN~ RECTY , s , I.UCi£ ~~UN C~ ~=.C^~n lER1~ti=D i,~~ Jimmie Brown (L.S.) +i : ~ 5 Mark +gg µA`( g p~ ~ r~K OIT AS ~7~.5. ~ ~'I TNESS : ~C~~~~ ~ / . ~ k'ITNESS: ' , ~ ie ~ro~rn ~ . ~ -reor -e Anr.a Grown 5~~~ ~ + ~ - ' ~ S ,.,~~?i _ 'tr ~ . .