HomeMy WebLinkAbout1785 ~ ~
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. ~ ~TCAGS NO?1'B '
330,375.00 . . Date:_ August 21, 1970.
. l~tiami, Florida
lIFTBR DATB, 1rOR VALUB RECBIVED, the undersigaed promisea to pay to the order of
CHARLBS 8. i1IISON and JANBT L. WII.SON, his vife, the priacipal awa of TEiIRTY ~THWSAND
TEIItBS ~1NDRSD SBVSNTY FIVB AND NO/100 ($30,375.00) DOQ.Z.ARS,~ vhich ahali be paid in . ~
'five (S) aqusl aanual installmeata of principal in the sum of $6,075.00 each, together
rith intereat at the rate of 7 1/2x per annum on the unpaid balance remaining from ;
tiae to time. T6e firat-antwal iastallmeat shall become due and payable one yeu from ,
date hereof, and the remaining installmenta ahall be payable.tvo, threa, four and five , ;
~tars from date hereof. Payments berein referred to s6all.be Qayable at auch place ar
placea as the payees or 6older of thia note ma~t desi~nate in writing from time to time. ~
Zhe failure of the maker or any otber person nov or bereafter lfable for the pay-
~ent of the vithia note to pay anp inatallment of principal and intereat aa aad Whea
it becomes due, ~rith such failure continuing uncured for thisty (30) days, ~rill confer
apoa.the payees or holder of this note, then or thereafter vhile the said failure-con- .
tinuea uncured, the privilege of accelerating and calling due the entire balance of
: principal~ evidenced hereby.~ ~ _ .
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- itotvitSstanding anything contained herein to the contrary~.~the maker and endorser
of this note shall receive•fifteen (15) days' vritten notice to cure any default-in
this ttiote or the mortgage hereinafter referred to. The maker and eadorser waives pro-
test aad presentment for_payment, and in caae auit shall be brought for the collection ~
hereof, or the same has zo be collected upon demand of an attoraey, to pay reasonable
attoraey'a fees aad all court costs for making auch collection.-This note may not be
endorsed or assigaed as to part only of~the unpaid principal amount hereof, bat nothing
herein contained shall be construed as prohibiting the payee or the holder of this note,
fro4 time to time, from endorsiag or aesigning the witUin note in its entirety, or the
thm unpaid principai amouat at~the time of such assigameat or endorsement, to one or
'ore person~ or~parties. - . ~
ihs saker reserves the privilege of prepaying the indebtedness evidenced hereby _
~ in full or iir part at aay time after January l, 1971`vithout penalty or premium for
' wch paqment. Al1 partial paymenta made on this n~ote shall be applied to the aext un-
~ - paid inatallment of the indebtedaess evidenced hereby a.ad if said partial prepayments
~zceed the a~ouat of the next unpaid installme~nt of the indebtednesa evideaced hereby,
then the excess shall be applied to the neact ensuing installment or inatallments of the
- 'indabtedness evidenced hereby.
Zhis note ia secured by a mortgage executed on this date by the maker hereof, as
~ortgagor, uato the payees 6ereof, aa 1~iortgagees, encumberiag property in St. Lucie -
County, Florida; and all peraons to vhom theae preaents may come are referred to said ~
ioortgage xhere it appears among the.public records of St. Lucie Couaty, Florida, for
the effect upoa tbis note of tt~ose portions of said mortgage ~ich refer to and eontain
provisions relieving the meker of this note from aay personal.liability for the-payment
o! ffiia note; and the payeea, by the acceptaace of ttsis note, do hereby covenant and
agre~ ~ith the maker that the payees.or 6oldera of t6is note, frcan time to time,~sball
never inatitute aay proceediaga or :etions to enforce personal liability against the
~alcer tor the payment of this note, but the psyees or holders of thia note may have sucti
zigbts as ar~ provided for.in said mortgage. ~
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~ GBNSRAI. DEVEIAPI~Nr COBPORATION .
- ~ . - ~ _ ~ : _F~ede~i~~C Ei ROdCh _ r
Attest : - ~ - ~ - ' ~
Presi~ent
by~ Sidney B. Krassner :
-Assf atant Secreta~y - • .
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~ " ~(Corporate Seal) -
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-2- a~186 ~1783 ~
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