HomeMy WebLinkAbout1018 ,
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- MORTGAGE hOTE ~
Orlando
, Florida
$ 275,~;~~, t~~ 71
=-~x 5 , 19
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FOR Vc'~LUE RECEIVED, the undersigned, ~~'~f`K
Cu;iSTitZICTION (:G:'.~'ANtY c)F FLDRID~A~ a Florida corpotrttion
jointly and severally, promise(s) to pay to the order of ST~OCKTON,~
WHATLEY, D~VIN & COMPANY, a corporation oroanized and existing under
the laws of the State of Florida, the principal sum of T~ ~;U~~:t~D
SEVENTY-FI~'E THO'JSA~'D At~~ -Na/~00------------------Dollars 275.000.0~ ~
with interest from and after date on the amaunts remaining unpaid
from time to time at t~he rate of Seven aad one-Salf ~ 7 1/2
e
per centwn per annum, in lawful money of the United States, at the ;
office of the payee at 100 West Bay Street, Jacksonville, Florida,
or at such other place as may be designated by the holder of this
note. Said principal and interest shall be payable on demand.
Demand may be made for payment of interest without making deman~
for payment of principa2.
In the event of defaulrfiif~~~ parties liable hereon agree
_ to pay interest at the rate of e~$ti'~'~per centum per annum on the
principal and interest then due hereunder from date of default until
paid. All parties liable for the payment of this note agree to pay
the holder hereof a reasonable attorney's fee for the services of
counsel employed after demand or default to collect this note, or
to protect or enforce the security hereof, whether or not suit be
brought. Presentment, protest, notice of dishonor and notice of
protest of this note are hereby waived by al1 parties now or here-
after liable hereon, whether as makers, endorsers or otherwise.
This note is secured by a mortgage of even date herewith
and the terms of said mortgage are by this reference made a part
hereo
* The rate of intcrest Will be adjusted on the first d~y of each
calendar m•~nth sc~ that far the nex[ succeeding raonth~ such ir.terest rate sl~all aC
a11 tioes be not less than one ar.d three-quarters (1 3/4») percent per annu.~ ~;reater
than the pri~e rate of interest then being chsr~ed by leading ?~eW Tork 1,T~inks, and
in ao event shall the rate ,,f intcrest be less than gevcn and one-half (7 1/2~)
percent per a:~n~;,. Pruvided, hac~ever~ that the interest rate ahall in no event
exceed the ~~axi:~ia ratc a11~::Nd by laW.
~~~E~: ~[ALL24lKK CANST::UCPIU:t Cc:;:P.1;tY uF FW:tIt1~ ~
~~n~!~'_i S~ 2,~!i''";' i.) By 1QRn0?'t S_ ?1LI'^T
Cordon S, t~utc Its Pres ident ~
~~°OmtiV !111';T _ (~:r.n~.) ~tcesc W~LLIA?~ H~, ~.F,ARDAL~
Dorutl,y l~utt Its Assist~nt Secretary
(CUItI'ultA'fF: SlAL)
~o~~i~ 1016 ~
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