HomeMy WebLinkAbout1421 ~1,001,559.20. - Fort Piesca, Florida .May• 7~ ,1970 •
' For vatue r~ceiv~ed, the uadersig~n~d promias ~o pay to t~s order of '
WIId.IAK F. SOOTT 4nd BBVSRLY K. SCOTT, his vit~, Fort Pi~ar+c~, 1~'lorida,
the principal eum of ONE KII.LION ONE THOUSAND FIVE HUNDRLD FI!'t'Y NZNE i
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AND 20/140 ($1,001,5S9.20) DO~.I.ARS, ~„iith intes~st #ros July 1, 1970, at ~
the rata of 4~ per ~n on the uapaid balance vmtil paid. Th~ said ~
principal and intereet shall be paid at the FIR3T NA?IONAt. BAiiC pF p~p~tT ~
PIEI~CI~, Fort Pi,erce, Florida, or at euch othe~c place ae tt~e ~holder may •
designate in ~?riting, said priacipal to b~ paid at ttze data and in ~he ~
manner followi~g: ~
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Intereatis al~aaqs payable in advance, ~ith first paymeat being due ia ~
tt~e amount of $45,070.16, on or before Jw~e 28. 1970, a~d a like maount ~
oa or before Ju1q 1S, 1971, and a likre amount oa or before July 15, i97~,
and on 3uly 15, 1973, interest in tt~e amovnt of $22,535.06 and a princf-
pal ~ paya~ent of $50,077.96; and a principal pa~m~ent in the like _am~ovat an
the eeme day ev~ery eix (6) mo~ntha thereafter, plue intereet at the rate
of 4~~,per annu~n ou the unpaid balaace payable in advanco for each six
(6) manth period until the entire principal end intereet hav~ been paid.
Payrae~ats to be applied first to interest and then to principal. Ps~vil.~gie ~
of prepeyment Mithaut penalty is hereby giv~en. ~
Thfa n~o~e ia being executed ea a p8rt of the consideration for, and in
conjuactioa ~th, the putchase af real esteta and tt~e axecution of a a
mort,ga,ge [hereo~, which mortga~e ia involved herawith. Tt~ sig,~c~rora, ~
guarentors and/or endor8ora covas~ant a~nd agraa to and adopt by ref,erence ~
tha cov~en~tnts end condit~.o~ns of wtid ~rortgagQ ths saas aa ttw~ugh t~ey #
were fully aet out herain. . ~ ~ ;
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If default be mad~e in eny ia~tallment uad~r thiB note and if anq such ?
default is Aot made good vit3iin 15 daya of the date of said default, or ~
withia ten (10) days after notice of aaid d~fault r~ailed to Stew~rt-Wad+s ~
FloricYa Corp., c/o Jaaes, Nd~na, Paine ~ Foster, Attorneya at Lax, 60I 3
Flagler Drive Caurt, iieet Paln Beach, Florida, Whict~v~r date is later, ~
th~ea end in eitber av~ent th~ sntira principal aea and accrued interest ~
ahall at onc~ becom0 dv~e aad payable t~nLthout n~otice at the option of the
holder of this note. Failure to ez~e,rcisa tbis optian shall u+ot constitut~ '
;
a waiver of the right to euercis~ the saaos in t~he event of any subsaquent ~
default. In ths event of d~fault in tbe payme~nt of this note and if tbs ~
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aams is collect~d by aa attoraey at lav, t.he uqdersigc~d hereby.agree to pay
all coets o£ caliect3An iacludic~g a reasonabie attorasy's f~. r
. 'pp!,',:.-,~',~~''~ ~ ST~iART~WADE FLARIDA O~RF. 8 F1ol'1ds a
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oQr~ - - - _ Corporati~n ~
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~L: f'•~-`'~~''~ ~By .l~4rr,es ~e v~~i~
= ~ ~ ~I ~ f"~ ~ President ~
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: ~ . ~ ~yti~,, ~ Aetest: ~ a A ~ ~l vl~,~ ~ ~
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