HomeMy WebLinkAbout1922 ; ~rDpt11P11 ~lIU~11~~. fllnt i~' ~r~i~ .~lurt~~r;or sh.n.ll )vary rt•nto thP cai~~ .~ll~~?•t~n~eP
t/i.~ certain proni~i,t.~oi•y ~~otr, af irhicli tl~~ follo~~•iii ~ in <<brr~s an~ fi~s~~~•~~ iR n trrip c'nJir/.
tu wit:
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PROMISSORY A'OTE
~ 148,680.00 Orlando, Florida January 5 , 1972
~ F(1R ALt'E RECEIVED, the undersit;ned jointly and severally promise 1 s 1 to pay to the order of
COBERGER CORP., a Florida corporatioa
<,t First National Hank at F't. Pierc~, Florida
~~r at suc~h plac~e as the holdei•(s) of this note may designate in writing. the principal sum of
_~tiE HDNDR~D P'ORTY EIGAT THOUSAND 3IX BONDRED $IGflTY AND NO/100 DOLLARS
cc~~eihe?• ~•ith intei~est thereon from dats at the rate ~f 6~ pei• annum on the unpaid balance
until paid. ~
Intarest ahall be pa able annually end principal shall ba ~yable in four eqnal
annual installmenta of ~37,170.00 each, oom~nencing one year a ter data hereof.
Privilege 14 resezved to prspay the Mhole or any part ot tha unpaid balane~ ot
the indebtedness at any time without penalty.
Liability for payment hereof shall be lia~l.ted to the property in t2ie nwrtgag~
securing this note and ths maker hereof shall aot othen~+ise bs individually or
ger~onally liable for the payment hereof and ~o deficiency dacrea shall be entsrsd
againat the maker in case of the toreclo~ure o! said mortqaqs ana any jud9msnt on
fi.his aote ahall be restricted in its lien, op~rstios~ and eflsct to the property
~3escribed in sai8 mortgage.
If default be made in the payment of •any installment undei• this note and if such default is not made good
•.,~it~;n _~4 days, a11 princigal and inte:-est due he^etui~r shall bear interest fi~om dais of ~efault at the hi~hPCt
~~~;al ~~ate and the enti~~e principal sum and accrued intei~est shall become due and payable without notice at the c,p-
~ ~c~n of the holdei•(s) of this note. Failu~~e to exercise this option shall not constitute a w•aiver of the right to ex-
,•i~e thc~ same at a latei• time for the same default or for an~~ subsequent default. In the event of default in the
~.~ment of this note and if same is collected by an attorney at la~r, the undersigned hereb~~ agreels) to pay all
~~~ts of collection including a reasonable attorney's fee. PrPSentment, protest and notice are hereby waived.
This note is secured by a H~LLMARR OONSTRUCTION COMPANY
T~,urtgage of even date on real estate in Qg FTl)RT~~
S t. Luc ie County. Florida
By Gordoa S. Nutt
Prssident
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t 9~q
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an.tl sh.all perforni, ~omply ~ritl~ an~ ~rLide l~i/ each ancl eiery the stiprc.ldti.ons, agree-
` ineir.ts, con~liti.ons aird ~ovPna~rts nf sni.~ ~~ro»iis.roiy note and of thi.s ~leFC~, tlren tliis
~ deec~ and the estatc~ /LereLy createcl s/tall ceawe a.nd be null arcd noid.
;
.~n~ the said. .hlortgagor hereby coaenants and a~rees:
;
~ 1. To pa.y a.ll a.ir.t~ si.n~srt.lar the priner:pa.l ~nd intere.st a.nd other sums of m.oney
pccycrbZc by vi.rfi~.~ of' sai.d ~~•om.is~orJ n.ote and tl~i,~ ~leer~, or eitlcer, promptly u~r. the
z days respectivety the sant:e severally come due.
F
~ To pa,J a.ll anc~ sin sr~,lar the ta.r.es, assessm.entg, Zez+ies, liaLili.ti,es, obligations
~
~ and er~cumbranr,ec of evPrJ ~irrfrrre on tiai-d de~c,ri.LPC~ propertJ eacl~ and every, and if
~ the same Le ~rot >>runr.ptly ~uu.ic~ the sa.i.c~ alortg~rgc~e nuiy at ani~ tim.e Jxr.y t/r.e sante
~ uithout w2iring or a jjeeti.n~ tlr.e o~~tio~~. to f'orecl.os~ or ari J ri skt hc~reit~tder, nird every
pctym.ent so made slictll Leur i.nterest fi•om tke date t/cereuf at tke rate vf' 6~ per
cent. per annum.
~
r.
~ ~ ~3. To pay a,ll a~tc~ si.~r~rc•l.ar tlre costs, r.lecr~•~~~ an.~ ea-pPnses, inclu,din~ lau~yer's
fi~es, reasonably i~acr~.i•r~d or p~ricl at a»r~ ti~ne Li/sai~~ .-~1a•f~ngec~ Lecci.rise of tlu~ far.lure
= o~i th~ ~~art o~' th.~ sc~i~l .~llart~c~~u~• !o form, conaJ~l~/ u~r:t/r a~z~ ubide bJ each a».d
ever~ t/r,e sfi~~cclati,uus, COII!~Ltl-OT/J Ull(I C(IZ•E~irant~ of'sai~f pra~nissorr/ notecrnd this deed,
'y or eitlr.er, ucitd c•r%ery sucl~ paJ»rc~n.t shall Leur in.terest frunr date at t/ie rate of
6~ per cent. per ann.una.
_ To keep t/ae L(LLI~LII~S ~rorr on c~~reafter uir ~aid laud in~rcr~d in. a srt.m nof IeFs
- t/zan full insurable value --------~iri~i:., ii~ a com~x~~ry ur com1~ani~s to be
~ ap/~i•oz•ed LJ tiaicl .ltlort~a~ce, u~c~ th~> ~~.~li.cr~ or ~~olici.e~s h~el~~ by a~rd par~/aLle to said
{ ~~1ort~~t~e~, un~! in the er;ei~t « irry .r~nz uf' nt.~~n~~y Gecu~ues pa~able under su.c/t policy or
3, I poli.ci.eti, tl~~ .,~Ioi•fQR~~e sl~a.ll /r~~r~~ t/i~~ ~~l~tiu~i tv i•eceire a~rd aJ~~~lJ fhP ~ume ou accouRt
of'tlu irrclelifed~aess /rerPbt~ : c~c~r~•~~l or t~ J~ernti-t 1he .Alvrl~a~or to reeeit•e and nse it, or
anJ parf tlcereof; for otlr.er p~c?•pr~ties, wi.thout tlr.~rebJ u~ait~iir~ orim-pairi.ngnnJ eqtcify
lie~r or ri~ht rc~rder or bi~ t~rr/~~e of tliis morf~~~Qe, ai~d ntay Jduc.e and ~iaJ for such
i-nsu~•ance or «:n.i~ ~~u?•t tlic~i•c~of, zvitfiout zvairin~ ar njf~cting' tlr~ option fo joreclose or
Yt atnJ rish,t l~ei•eu.n.c~l~r, tcir.~l euc/i ancf et•~rJ sueh ~~uynie~~t shall bear interest from dctte
- at the rate of' - 6~ /~er ce~at. ~vcr artuu.m. a~ (]fl ~~9~~
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