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soiivillc, Flurida 3•?lUl, or at sucl~ othcr pl.~cc as Yayec may dc:si6natc to
11•Iaker in ~rriting froiii time to timc, in legal tender of thc United States~
the Aniount of die Note or so much thereof as m1y be advanced ( thc
"Principal Amount" ) by the Payee pursuant to a loan agreement ( tl~c
"Loan Agrecinent"), dated the datc hereof, bch4~cen \Iaker and Payee, to-
gethcr ~vith intcrest at the Intcrest Rate on thc Yrincipal Amount from
time to ti~ne unpaid, payable mo»ihly on the first day of the first montli
Pollo~ving the first ad~~ance under the Loan Agreement znd on the first day
of each month tl~ereafter until tl~e \Iaturit~~ Date, after ~vhich interest shall
be immediatcly due and payable.
This Nole is secured by the lie~z and provisions of a certain mortgage
or deed of trust (the "Security Instrument") executed and delivered by. .
biaker and encumUering the property as indicated belo«.
~Iaker consents to the release of all or any part of the securit~ for the
payment l~ercof, or tl~e rclease of v~y party liable for this o}~libation. An}~
sucli modification or release ~nay Ue made ~vithout notice to ?~~laker and
~ ~vithout discharging il~laker's liabiliq~.
If an}~ monthly installinent of interest is not paid when duc and such
installment of interest shall remain unpaid for a period of fiftcen (15}
f days aft~r t~~ritten nolice tl~ereof has been gi~~en Uy the holdcr liercof to
A~Iaker as•pro~~ded in tl~e Securit~~ Instrument, or if an Lvent of Default
( (as defined in the Seciuity Instrument) sliall occur, tl~e holder hereof ma~~,
{ at thc option of the holder hereof, at any time tliereaftcr, ~vithout any
~ notice or demand, declare the unpaid Principal Ainount,.plus accrued in-
~ terest at the Interest Rate, to be iminediately due and payable. Failure to
~ exercise this optioi~ shall not ronstitute a~r•ai~Ter thereof in the event of a
~ subsequent right to e~ercise this option.
- This l~ote may not he chv~ged orall~~, but onl} b}~ agreement in writ-
ing, signed Uy the party against ~r•hom enforce~nent of any tvai~~er, change,
modification or discL•arge is sought.
~ T .
All parties to this l~ote, whetl~er ~Iai.er, surety, guarartor or endorser,
~ , hereby ~rait~e presentment for payment, demand, protest, notice o~ pro-
~ test, and notice of dishonor and se~~erally agrec to pay to the holder of this
_ Note all costs, including a reasonable attorney's fee, ~vhed~er suit be
broagl~t or not, if counsel shall, ~fter maturity of this Note or after default
hereunder or after the occui-rence of an Event of Default under the Security
r=
~ Instrument, be emplo~~ed to collect this Note or to protect the security
thereof.
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If provision for prepayment of this i~Tote is made in the Security Instru-
~ ment, this Note may be prepaid iu accord.tnce ~vith the Security Instru-
~ ment.
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