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HomeMy WebLinkAbout1791 . . ~ ~ - . ' - . . . . l ~ ~ . ' MORTGACS NOTS a30,3TS.00 ~ Date: August 21, 1970 ~[iami, Florida AFTBR DATB, FOR VALUB RBCSIVBD, the undersigaed promiaes to pay to the order of 6HRALD J. HOIl~S and PSNSLOPS A. HOI.I~S, hia ~rife, the principal swn o~ THIRTY THOUSAND T~iB$ HUNDRRD SBVBNTY FIt1B AND NO/100 ($30,375.00) DOLLARS, ~rhich shall be paid in five • (S) equal annual installmeats of principal in tha aum of $6,075,00 each,-together vitb interest at the rate,of 7 1/2x par aanum on tha unpaid balince remainiag from~time to • tide. The first annual installmeat shall become due and payable oae year from date hareof. Payments herein referred to ahall be payable at such place or places as .the payees or bolder of this notc may desigc?ats in Writing from time to time. • ~e failure of the maker or any other person now or bereafter liable for the pay- ~ ~sent of the vithia note to pay any installment of principal snd iaterest~as and vhen it becones due, vith suc6 failure continuing uncured for thirty (30) daya, vill confer npon the payees o"r holder of this note, then or thereafter vhile the aaid failure con- tinues uncured, the privilege of accelerating and calling due the entire balance of '.principal~evidenced berebp.. ~ . ~Totvithatandiug aqything contained herein to the cot?trary, tbe maker and endorser o~ this note.sh$ll receive fifteen (15) days' vrittea notice to cure any default ia ~ thia ttiote or_the mortgage herainafter referred to. The maker and endorser waivea pro- test and preseatment for paymeat, and in case auit ahall be brought for the~collection ~ bereof, or the same haa to be collected upoa.demand of an attorney, to pay reasoaable ~ attorney's fees and all court costs for making such collection. This note may not be andorsed ar assigned as to part only of the uupaid principal am~ount hereof, but aothing bereia coataiaed shall be construed as prohibiting the payee or the holder of this note, froa time to tia~e, froa endorsing or assigniag the vithin note in its entirety, or the then unpaid principal aaount at the time of auch asaigament oic eadoraement, to one or aore peraons or. parties. - ~ ~ - the maker reserves the privilege of prepaqing the indebtedness evidenced hereby in full or in part at any tfine after January 1, 1971 without penalty or premium for auch payment. All putial pay,nenta made oa thia note shall be applied to the aext un- ~ paid inatallment of the indebtedness evidenced hereby and if aaid partial prepayments e~cceed the amount of the next unpaid installment of the indebtedness evidenced hereby, ~ the~ the excess shall be applied to the next ensuing installment or installments of t6e ~ ~ indebtedness evidenced hereby. - ~ , ~ ~ ~is aote is secured bg a ~artgage executed on this date by the maker hereof, as ~ 1Wrtgagor, unto the payees hereaf, aa Kortgagees, encumbering property in St. Lucie Couaty, Florida; aad all persons to s~hom these presents may come are seferred to said aortgage where it appesrs smang the public records of St. Lucie County, Florida, for the •ffect upon this note of those portions of aaid mortgage which refer to and coa= tain Qrovisions relieving the_maker of this note from any personal liability for tha papment of this note; and the payees, by the acceptance of this note, do herebq cove- nsnt aad agree wiEh the saker that the payeea or holders of this note, fr~~time to time, s6a12 never institute anq proceedings or actiona to enforce personal liabiYitp against tha ~aker for the payment of thia note, but the payees or holders of this note may have such righta as ara provided for ia said mortgage. ' ` C~BNSRAL DBVELOPI~NT C~tPORATION _ - - • - - - - ~ ~ ~ •B s F~ederick E. RO?ach - • - . ' Pres. den~- Attest: : s/ Sidney B._Krassner . Aseistant Secre ary . ~ • ' ~ , . ~ • . . . - -2- . p~l$6 ~17&9 ~ >,r~ , . - . - - ; r ^ - ° - ~ . .