HomeMy WebLinkAbout0282 ' rtoRTGAGF. NOTE
S . .1~.,000.00 Jackson.•illc, Florida December
; 1971..
, romises
For t•alue recei~•cd, the undeaigna~c~tl~oc~~~~to pay to the otder of:
~ JOHN D. CORSE and MONTGOMENY J. CORSE, as bcecutore of the Last Will and
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1 um of. T LI THOU~AND-
ti~e principa s ...........................................------------------------------------------,---.--_---...Dollars
! (S~~ 1O1 together with interest thereon from date at the rate of........ S.~IN r'
..................................per cent, (.7....;o)
'~er annum until maturity, both principal and inttrest beiog pa~~ble in liwful money of the United States of Amer:ca, at
850 Florida National Bank B2 . Jacksonville Duval Count F ori
~ .........................................................................~...x................................a.............................Y.~._...~:...., ~Rat such othet plue u the
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i holdcr hereof may daignate in writing, said principal and intecat to be payabie at the data and in amounts as follows;
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~ Four (4) equal annual payments of ~ro Thousand Five Aundred Dollars
! princi 1 lus interest at the above rate shall be t~~5~•~)
Pa P paid as aPoresaid, the first
~ such pa.yment being due anc~ yayable December 1S, ~.972, the reiaaining such annual
i payments being due and payable, respective2y, on December 15, 1973, December 15,
' 197~, and December 15, 1975.
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' The maker shall have the privilege of paying principal in ar~y amount, plus
1 accrued interest thereon, at ar~y time Without penalty.
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' F:ach maker and enaorsec waives tl~e right to exemption under the Ccnstitution and lav~•s of rlorida, and each mal:er and endorser
! ' R~si~es demand, protest and notice of maturity, and all reyuirements necessary to hold each of them liable as makers and endorsers.
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~ It is agreed that each maker and endorser, jointly ar~d seti•erall~•, shall pay a11 costs of collection, induding a reasonable attorne~'s
1 tee, o~ fa;lure to pap the principal of this note or any interest thereon at maturity whether suit be bcought or not. This note and
' all sums due hereunder shall bear interest at the cate of ten (10) per cent per annum from date when due unti! paid.
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tf an}' of said installroents of principal or interest shall not be paid when due, then the entire principal sum and accrued inter-
est si~a11 become due and payable at once, at the option of the legal holder of this note. Failure to exercise such option shall not
cunstitute a a-ai~-er of the nght to exercise the same in the event oE any subsequrnt default.
It is agreed that each mak~r and endorser joindy and xverally consents to any extensions or renewals or modi6cations of this
n~,te, or any part herrof. «~i~h~~ut notice, and each maker and endorser agrees that he wil( cemain tiabie as such during any extension
~r r~new~al o~ modi6cation hereof until the debt trpresentcd hereby is fully paid.
This note is secured by mortgage upon real property in........5:~...I,t7~~~ ..........................County, Fiocida and the tetms of said
- ' mortgage ue by r~ference made a put heceof,
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; This note is to be construcd ucording to the laas of Florida.
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~ ' FttED e~h ` hECORdED ~
' Si WC~E^COUNTY FLA. ~
' ROb:-" ralTilAS ~
? C1.Ec;F. ~t,,.,U1S COURT
' RECC~~ +~~.,fl£~.J'~
' 9 39 aN'~ 1
; DEC 11 •
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~ ~ JOH~i M. McCARTY
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IT~Y ~Ir~P•~i~SnV ~7NR? ~ ¦1~
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