HomeMy WebLinkAbout0601 business in the State of Florida whose post office address
is 1729 H. Street N.W., Washinqton D.C. (the "Maker") hereby
covenants and promises to pay to J. Douqlas Streit ("Payee"),
or to order, at 1314 First National Bank Building, Miami,
Florida or at such other place as may be designated in
writing by Payee the principal sum of $142,000.00 together
o
, o~ with interest thereon.at the rate of 7$ per annum computed.
from December 21, 1971 on the outstandinq principal balance~..
~ ~ i
n, `j`he principal, balance shall be paid in iive equal ~riu~I
~ installments and one installment shall be due and payable on
1.;'~~~z?~•- ; each of the following dates: December 21, 1972, December 21,
~~?E,,.-~: 1973, December 21, 1974, December 21, 1975 and December 21, 1976.
.,,~i, ~ Interest shall alsa be paid annually at' the same time as
each principal payment. From and after maturity interest
Qxf ?ulu~un'~ shall accrue at the rate of 108 per annum.
a~-i ~
~-a ~ If Maker fails to pny any i~stallment of principal
" 4~ or interest within 20 da s of the date due, Pa ee ma b
~ written notice to Maker declare the entire amount ofy y
.JIQ~
i principal then remaining unpaid, together with all
accrued interest, immediately due and payable.
= G
1 i; lit•~.~ I~
In the even t o f de fau l t, M a ker w i l l pay a l l cos ts
of collection, including reasonable attorneya' fees.
~r,x~~it~l~~Ors•:~
:'~t~ o~ The Maker shall have the privilege of prepaying
in whole or in part, the unpaid balance of the principal ;
~ ~ sum of this Note and interest accrued thereon to the date ~
of prepayment without payment of a penalty or premium, ~
- • ~ " -v~.'.
1'~' at any time. ~
~ ~ "`~:.'y . ~~f , . ~
All notice or other communications qiven hereunder ~
shall be in writing, mailed registered or certified mail, ~
~ °~Q return receint reouested and addressed to the Maker or
~ j
o o~ -
the Payee as the case may be at its above stated addresses
`'~'~'"'j`~~'•~~°~ or at such other address which either may designate by
like notice to the other party and such notice shall
E '.1;V110~ be effective upon receipt.
E ~!~~il '1S
~ This Note may not be changed orally but only
€ by an agreement in writing and siqned by the party
s against whom enforcement of a waiver, change, modifica-
i tion or discharge is souqht.
= Maker hereby waives presentment for payment,
~ demand, protest, notice of protest and notice of dishonor
~ of this Note.
~
~ ~
~ THIS IS TO CERTIFY that this is the Note described
~ in and secured by a purchase money m~rtgaqe of even date
~ herewith~executed by the Maker to the Payee, as Mortgagee
~ coverinq certain real estate situate in St. Lucie County,
~ Florida.
~
~ Notwithstanding anythinq contained in this Note,
;z no personal or deficiency judgment may ever be sought or
= obtafne3 aqa;nst the Maker or its groperty (o*h~r than ~
the premises mortgaged as security for payment hereof),
its successors and assigns by reason of this Note, the
Payee having agreed to look wholly to the security of
the property mortgaged as security herefor.
, SZGNED AND SEALED this ~ da of ~~~c ~~vt.h~ .
_ y _ lz
1971, at IN ~ L' ,
` THE KIPLINGER WASHINGTON EDITORS, INC. ~
_ Cr~~jz~;c~~,1 ~ `'~s t< 1 ~
By S /`-11,1 S~i ~ r I N ( SEAI,)
- MARER r si e t
Attest: ' ~ ~ ~
- ~ secretary "
- ~ooK19~ ~ .
-~c$~- - ~
PAUI S TNQMSON, 1314 FIRST NATfONAL BANK 9UILDING, MIAM1, FLORIOA 7~1~1 ~
. ' . . . _ ~ ~ . - _ . _ _ _ _ . - _ - _ _ . . . . . . .