HomeMy WebLinkAbout1918 ~rAUti~P~1 ~l11U~t1~8, tlrat if ~~~i~l .~{fortgn~or shall par/ i~nto tii.e .cai~l .~ilortga~e~ ;
thF certai~a Jubntis.~ory iiot~, oj' irhich thP follou~~ie6 in u~orrlc an~l fi~si~r~s is tt ~ri~p coJi~~,
I to wit:
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PROMISSORY NOTE
~ Z7, Oi 8.00 Orlando, Floricia January 5 , 19 72 ~
FOR \'_~L.t'E RECEIVED, the undeisigned jointly and severally promise Is) to pa~~ to the orcier of
~oGER CORP.. a Florida corporatioa
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~,t First *_+atlonal ~ank at Ft. Pierce, llorida
~~r ~~t such pla~~e as the holder(s) of this note may designate in writing, the principal sum of
TWS~PPY 8SVEId THOUSJ?ND lrOItTY SIGHT ~IdO NO/100 DOLLARS
to~;ether ~~•ith intei~est thereon from dste at the rate ~f 6y per annum on the unpaid balance
until paid.
~nterest shall b~ payable annuall and pri~aipal shall be payabl~ in Lour ~qwl
annual iastallm~nt• of 56,76Z.00 eac~, cvmmnanainq on~ y~ar altsr dat~ hss~t.
Privilsgs is r~~erwd to pr~pay th~ ~rtiol~ or any pazt o! th~ uapaid balano• of
the inc3ebt~dnes~ at any tia+~ Kithout penalty.
Liability !or pay~nt herao! shall b• limitad ta the prop~sty in th~ aiost9~9•
securinq thi~ not~ and th~ makez h~s~o! ~hall not oth~zvi~• b~ individually or
~.~ersonally liable !or lt~e payn?ei?t her~o! and no d~lici~ncy d~cr~ shall ba ont~r~d
against ths maacer in case o! the ~oreclosure of aaid mastqaga and any ju+dgmtnt oa
t~~fa note shall bs restricted in ite lien, op~ration and •fi~at to ths propasty
_jescribed in •aid mortqag~.
If def ult be made in the payment of •any installment under this note and if such default is not made good
ithin 3~ days, all principal and intei~est due hei-eundei• shall bear interest fi~om date of default at the highest
i< ~-~il rate and the entii~e principal sum and accived interest shall become due and payable without notice at the c,p-
? icin of the holder(s) of this note. Failui-e to exercise this option shall not constitute a~vaiver of the right to ex-
~~ise tht~ same at a later time for the same default or for any subsequent default. In the event of default in the
ment of this note and if same is collected by an attorne~~ at la~v, the undersigned hereby agree ( s) to pay all
~~,~ts of collection including a reasonable attorney's fee. Presentment~, protest and notice are hereby ~waived.
This nate is secured by a iiALLp+lARR CONSTRUCTZON COMPAr1Y
t,-urL~ag~eof even date on real estate in OF FLORIQA
c County, Florida
~ B~_Oosdoa S. Nut! ~
~ res ea
~ p6Y~di.)
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k and shall perfornr, complJ u~i-t/i ancl rrbi~~e bJ each and every the stiprclations, a~ree-
nzents, conclitions a~r~t covenan.ts of sni.~l ~~ro»ais~orJ note and of thi,s ~leed, tlren. this
~ deed ctncl the estat~ kereL~ created shctll eease and be nr~ll a.iad void.
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~ ,.~Itl~ tjie said .hfort~2~sor JterebJ covenants and a~srees:
~ 1. To pay all air~l sin~sr~.lar the prrnci-pal and interest a~rd oth.er src-nas of mone,y
~ puycrble by virfrce of s~cid prontissorJ uote aird tliis r~ee~, or eit/rer, prontptly u~a tite
~ days respectively fhe same severally come due.
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~ To pa~ alt an~l si~rgiclacr the ta.r.es, assessnients, Zez~ies, 1•iaLilities, obli~ations
3 a.nd eracunabrances of everJ nutu.re o~c sai[~ ~esc~zbetl propertJ each a~rd everrJ, and if
~ the same be ~iot pi•oni.~~tl~ pcc.id the saicl ~llort~tt.oce nzar~ at a~iJ tinze ~~aJ the same
withorct waiving or u/J'ectira~ the option- to foreclo~c or a~zJ ri~/rt I~Prercnder and every
payment so mad.e shall Lear interest fi•ont the date t/eereof at t/re rate uf per
cent. per annum.
~y I
~3. To pa~ a.ll and singtclar tli~ costs, c/rar~ec a~r~~ e.ipeirces, inelr~din~ lazvJer's
fees, rea.sonabl~~ i.~zcrcrrr~d or j)~IL(I C!t IIIil~ tll)lP II~SQI<l .~llorton~PC~ Lec«.r~se of thc~ faalr~.re
oic tiae ~iart of tlr~~ sni~l ~llort~n~or to 1~~~ form, cont~~l~~ u~ith. un~ cibide bJ eacii. and
everi/ tlte sti.ptcl~rti.oits, con~lition~ nn~! cot•c~iinn.t~ oj'sai~l pi•o~uissori~ noteanc~ this tleed, f
' or eit/~er, uard everJ scce/r. ~~aJnceir.t s/ra16 LPar iieterest frunc da#e cit tlie rczte of ~
J ~ 6~ per cent. per aianccnL. E
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_ To k:e.ep th.e brcilc~in 6s iroir ur hereafter on sai~l l~tnd. i-nsrerc~~~ in ct slt-m
not less ~
= i t/ta~i. full insurable va~.ue ~~R~•,, i~c cr. co»ap~rnJ or cnirapanics to be
ap/~?•orcd Ly srci~l .:l1or~~sn~scF, « ir~ tlr~~ ~~olicr~ or ~iol.ici.c~~ Irclcl, bJ and paJaLle to said
~~tort~rr~%~~r~, and iir the evc~iit u~t~/ .~~?u of iitonr~/ becn~nes pnJablc rcndei~ .~tcc/r policJ or
policicc, tl~~~ .llorf~a~ee slrall hrci•~~ tl~r nptioir tu rec~ir~e and a~~f,lJ lhe +umc~ oie accorcnt
= oj't/ic in~lebtc~l~cetis hc~i~ebJ : ~c.r~reil or to Jiernait >he .~tlvi•l~a~or to receiz~e ar:c~ rc,e it, or
d: anr~ p~crl thereof; for otlrei• p~ca~~oties, u+i.t/torct thPrebJ rvaivin.~ or impai-rin~ nnJ eqrcilJ
y~ lie?c or ri~ht tc~rder vi• Li~ rirt~~e of tl~is ntort~u~e, ~r~i~ ntaJ ~~lace and puJ fbr sucla
~~F insurartce or u.ia~~ pur•t thE~~•eoJ; withorct zcaivin~ ur uJj'~ctin~ tlre optio~a to fureclose or
aia~ ri~ht leere«ia~le~~, a~r~l eac/r a~td erF~~~~ such puJine~at sh«ll bcur i~terest fronr dute
at the rate uf -6~ ~~er eent, per annurrt.
aoaK 19~3 PACE 1~15
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