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SwD-M-3089 (12-1-58)
(Deinand Note)
MORTGAGE NOTE
Orlando, , Florida
$ 2 30 , 000. 00 November g , 19 ~ 1
t
FOR VALUE RECEIVED, the undersigned, HAL•LMARK CONSTRUCTION
COMPANY OF FLORIDA a Florida corporation, ~ ,
jointly and severally, promise(s) to pay to the order of STOCKTON,
WHATLEY, DAVIN & COMPANY, a corporation oroanized and existing under
the laws of the State of Florida, the principal sum of TWO HUNDRED
THIRTY THOUSAND AND NO/100-------------- Dollars 230,000.00 )
with interest from and after date on the amounts remaining unpaid
~ from time to time at the rate af seven and one-half ( 7 1/2 7.)
per cent~ per annuan, 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 demand ~
~ p~yment of principal. >
~ fifteen,
g In the event of defa~lt the parties liable hereon agree
~ to pay inte~st at the rate of ~/per cent~ per annvm on the
: principal and interest then due hereunder from date of defauZt 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
`y brought. Presentment, protest, notice of dishonor and notice of
a protest of this note are hereby waived by a21 parties now or here-
~ after liable hereon, whether as makers, endorsers or otherwise. ~
~ i
~ ,
= This note is secured by a mortgage of even date herewith
~ and the terms of said mortgage are by this reference made a part
~ hereof. {
~3 * The rate of interest will be adjusted so that for the ne~ct succeeding
- months such interest rate shall be not less than one and three-quarters
_ (1 3/496) per cent per annum above the floating New York prime rate of
` interest as established by Morgan Guaranty Trust Company of New York
on the first day of each month, and in no event shall the rate of interest
" be less than seven and one-half (1 1/2~) per cent per annum nor more
than the maximum contract rate of interest pecmttted by law. ~
HALLMARK CONSTRUCTION COMPANY
E~;DORSERS: OF FLORIDA
r ~rdm~ ~ = riutt _ (SEAL) BY Qor ~ S _ liutt ~
- Gordon S. Nutt Its President ~
DorQth~l ltutt (SEAL) Attest DorottLV ~Lt
" Dorothy I~iutt Its Secretary
(Corporate Seal) ~
- 0 R N ~KER" ~
a~197 ~ ~4~
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