HomeMy WebLinkAbout1453 i+c,~h~m a ; Nc±r :
0~3~~~~pU t~+iami, Florida SepLe~+ber l5, 1972
• FUK Yl+I.Uh R~C~1V.D, Lhe undarsi~ned~ ~ointly and severally~
pmmiae Lo vey to the order of ~•~:"~L~S 1~Ii~.~T NATt~NAL B.4NR OI~' ?tlr+!al
SHLtti~::~ ~ i~ c~aTloxaL r'ANKINCi COtti'UltATi~~::~
~+iami ~horea ~ Florida~ the ~rincioal sum ot Thi~s~E }iU~IDh~L
TNittTY-~IGri'r TitOU~~A':L' Di?LLA :5~ Lo~etner with interest thereon
iro~a date at the rate of se~en percent per annun un-
til ma?Lurity. The said DI'~l'1C~D81 and interest ahall be nayable at
yS{~l N~: Second Avenue, Miami ~ores F1oTida~
or at such other olace as the holder herepf may designate in ~'iting.
The said nri~~cioal and int~reat shall oe pe~yable in month~y installmenta
of T~tU TH~.~USHl~D hJUtt HU1vD:~~.D ~IXTY-S.~:Vr.N and 1tU/100 DOLLA~iS on the lst
da~y of each ~onth, ~aqinning on the lat day of Nove~ber , 1972
and continuing until the lst day ~~~ctober ,~9 7, at wt~ich
tis^e the entire unpaid ~a~ance of princi;~a2 and interest shall Lecocne
due and payable. E~:ach installment ~avment snall be credited firsL on
tiie intere:;t tr,en due and the ret!~ainder on rrincioal, a~c3 interest snall
thereunon cease upon the princi^al so credited.
This note also orovides for intsrest at tne rate of 7~
p=•rcent ner $nnum on overdue installment re.vments and~ in sddition
thereto, a handlinp char~e of FIV~ C~~i~TS (:i.05) on each Oid~ DOLI.,~H
(•?1.00), with a maxiriu~ of FIVr, l)t;L~~itS ('~~,(1(1) per Davesent when an
install.a~ent cecomes ten (10) davs past ~iue. Tnis note ~rcvides for a _
prepavuent r.enslty of one (lo) per cenL of the amount nrepaid witRin
the first ttiree (3j years. Aft~r a period nf three (3j years, thia
note may be nreQai.d in full or in nart ~rithout penalt;r.
This note is secured by a eroi~tp~v_.e oY even date herekitt~ and
is to be construsd and anforced according Lo the la,~s of the SLate of
rlorida; uoon the failure of Lhe makers herPOf to pay ar~r sum reqLired
to ?~e ~aid by the Lerms of ti,ia note or the securinp, nortp,age~ prorrptly
when they s~sverally become due, or ~pon the ~reach f ar~r stipulation,
a~reement or covenanL of th is n~te or o~' the securi ng nwrt~;a~;e, Zhe
entire sum of ~rinci:~al and interest renainin~ ur~paid shall~ at tne
j ootion of tne holder hereof, ~ecome i~~~e~'iately due and nayable. Fail-
j ure to ex~rcise said o~tion shall not car?stitute a waiver of ~.~e rignt
~ to exerciae same at arry su:~seq~:er.t time.
3
~ ~.:aCh maker and endorser, Sointl,v and sever•~lly~ aKrees te
pay all cosLs of collection~ includin~ a reasonable attorney's fee,
in the event this note, including any in:~tallment ~ayment, is not ^sid
oromptly xhen due, and the same is ~iven t~ an attorne~• for collection,
' wi~Pther suiL is brour,ht or not.
!~:ach :saker and en:iorser severally waives ~er~an~, protest and
notiee of maturity~ non-payTent or protest a;~d all other requirements
nec~ss ~ to hold each of th s~ liable as :r!~lcers and e~dorsers.
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