HomeMy WebLinkAbout1962 s__ 200~ 000. 00 AQril---24---------------~ 19--?2~-
For valne meived and without once. I, we, or cither of ns, jointly aad ~everally. pcomise to pay to the
order of Mortgaga ~~I~~~S_$A~__4~~'~~~~~ _~~t~1_~~•- ~a_~4?~~~!~~l~.ik~~-C.Q~[P-o~~tion
______434~_~ou~thern Bou~gvard ~Il/est Palm Beachl__Florida_______,~_~_____________~__________.____~___
che sum of Two_Hundred Thousand & no/ 100_- (=200,_000______~ DpLLARS.
with intecest at the nte offl~_Y_~u&31_4 (1ar3I'!96) per ccnt, pcr annum payable monthly. "I'ht aid principal and
intecat befon matnritq are p~yable in installments, which incinde a pact payment on the principal sum ~nd a pay-
mcnt of intereat then dac on tix principal ~nm remaining nnpiid, as follovra:
• In ---_~_S~u~~G~ (.~64-_----) monthly installmeats of Z__4~ 9~_l~ 4Q------------ ach. che ficat
monthly iastallment bccoming due on the ~---------daq of April-----------. 19_?3_. and a _
like amount on the ume day of each month thereafter. with a final psymcnt to cover thc balance dae. on thc
March 19_?8_.
day of
1. Interest only payable monthly only on amounts actually disbursed between date
of this note and first regular monthly payment above specified.
2. If is agreed that the rate of interest shall be increased or decreased during the
; term of this note to maintain said interest rate at 2~o above the maximum rate of -
~ interest authorized by the Federal Reserve Board to be paid by banks on certificates ~
~ of deposit of less than $100, 000 having a term of two years or more. said interest
rate to be determined and adjusted annually on the anniversary date of this note,
E
[ each such adjusted rate to apply prospectively during the next ensuing year, pro-
vided, hawever, that the interest rate shall in no event exceed the rate allowed by
the ur law of e gt te ofg ori,da.
in law~n~ m~ney o~the ~nitea ~tates of inenca with current rate of czchaage on New York; both principal and
interest payablt at Mortgagee's Address and if any installment of this note is not paid at its maturity, either ia course
ar by defanlt,. and is pnt into the hands of an Attorney for collection, I, we, or either of ns, agrct to pay all costs of
collection. inclading a reasonablc Attomey's fec, in case the principal of this note or any paymrat on tht principal.
or any iaterest thcceof. is noc psid at tbe respcctive mstnritq thenof. or in case it becomes necessary to protect the
securitq hereof, whether snit be brought or not. After the matunty of anq inst~llment of this note, eitixr in course or
by defanlt, thc principal thenof shall bear inteuat at the nte of_ssvea_&_3/_4________ ~&3~(9fJo) per ant, per annum
until paid.
~ It is ezpressly agreed that time is of the essenu of this contract and should any instaliment of thia note, or
any part thereof, rcmain unpaid after the same shall have become due and payable, or shonld any of the conditions
and requirementa set fotth in the Mortgage hereinafter referred to be not complied with, thtn the eatire principal of
this note, and tlx entire principal of any and all other notes, if an~r, given as evidencing tht indebtcdness secured by
the Mortgage hereinafter nfcrnd to, less aay rebates required by law, with all arre~nges of interest, and all cosu of
collation, including a rasonable Attorneys' fee, ahall immediately becomc and bc due and collectiblc at the option of
che holder of thu note, no notice of tlx ezcccise of such option being nccasary.
Each makcr and endorser sevenily waives demand. protest and notice of miturity, non-payment or protest.
_ and all requirements necasary to hold each of them liable as makers and ~cadoraeca.
~ This note is secured by a First Moctgage given by the maker hereof to Mort ce on ,property describxd
in said Mortgage, which Instrument ia to be daly re~~rdcd in the Pablic Raords of___ ~~~__~ucie_____________County,
Florida. HOLIDAY OUT IN AMERICA AT ST.
Given under the hand and sal of ach pacty. LUCIE~ INC. , a Florida corporation~
F,NTURE OUT IN AMERICA, INC. . l~~.t ~
a Dela~ca.ze_.,cQr~aLinn--------------------- (SEAL) BY----1-r~1,~=-'-C~-`-' v'--- (SEAL)
~cL- Msta . ~e P e s i t .
~ , `-j
~ ~ . _ SEAL)
-
B y _~.~t~`~ c---- - - - - ~ ~ : (SEAL) Attest: (
~ e Pre dent w~ Ase't.Secretary
:~t t e st : (SEAL) . (SEAL)
- ~
M.her As s't. Secretary Mska
~Odlf pa(~~~
3 ~ ~t ~~h
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