HomeMy WebLinkAbout1584 MOR7GAGE NC~TF s
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s1~~3.b20.00 Mincn~ fiortda, Jan. t8, 1973
~CR Y~L'JE RfCEtV~D, the undanigned, (jointly ar+d:evaraliy If more than ona) oronni:e
to ooy to ths order of MODUI{?R HCMES OF FLGYt{D~A, tNC. (A ftcrido cor~otion),
ot 514 Gaorgia Avawe, V'~~~t Palm S~och, Florida 3340S,
th~ ~incipol wm cf On~ Mun~sd Nin~tr-Thrt~ Tho??~and Six Hv+ndred Twenty and No/t00 ?
DOLLARS, to~xther wifh intero:t thereon fran dats fieroaf, at the rate of ~ev~n (7'9t~) oer '
GMf oef afln~m uAtil matufity.
~ayab~! O~ f'1~~OWt:
Int~r~st c,a~?obl• seml-onnvcllr on thsn unpaid bolances, be8inning Six (6~ MontF~: from
date h~~evf ond ev~ry Six {6~ Mcnths th~ reaFt~r; ond, prJncipal ~?Qb{~ i~ tF~rN {3)
~qual wcussive cnnucl in:tallmenh of StXTY-~OUR THOJSAND FIVE HUNORE~ FQRTY
GOLLARS (56~, 540.04) with the f int wch installcr~nt dw and ~aYobl~ On• (i) Yevt frorn
dote ha~~~f and a:eeond instctimen? in lik~ or~~ou~t dw a~+d ~apabie Two (2) Y~s fra?~ .
! dot* herecf and a t4~ird and finol instollmint of like amount due and poyable at rnaturity
` Thr~ (3) Years irom dots hereof .
Qa~rN pronts poyor th~ ri~ht and optlon at ony tiin~ afNr Jonucry 18, 1973 to oreooy in
whofe or in Qort the :ums due hereunder without ~ramium oraenalty; ;xavided, f~owever,
that ony wch o~tial ~apvy~nt sf+oll be firtt aaolled to thsn occr~ed int~rest and th~
balonce of such ~ayrr?~nt oppti~d to thc i~ntatlment of ~rinci~al Icnt foit ing due.
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Ther~ ~1) b~ no pa+sonal liobility ~ncn th~ makar of this r~ote, and tF~e aoyee shoil look
~iely ro rhs ~r.urity boin9 given concurrently hsrewith in the form of a mortga~3e for a~oy-
m~nt o~ t~is d~bt.
The mot~e~t and endorssrs of this note furfher a8rss to waive demQnd ond nofice of non-
c~ayment a~d orot~st; ond in ca~~ wit shat! b~ b~oughl for tfie coii~ction hereof, or the
~n~ has to be coliected uQOn d~mand of ~ ottornsy, to c~oy reosona~ile attorner': fees
for rnaiking wch callection; d~d ogr~e that in ths evtnt of defoult in the poyrr~nt of any .
i ins~~tecfneu due hereunder for a oeriod of t~irty days the w~ole of said ind~btsdnau shali
` lhereuflon, ot ?he o~tion of fi~• hotder- of thi: note, bscome imrrwdiotsly dus ond oayoble,
Dsfer~sd int~~est aoyments to beor interatt from mat~ril~y ~t ten aer cent s~er annum, ~ayabls
~mi-onnually.
~ . btlO~I~.L~ F'AEf ~i~ ~ 'f • c~w ' ~ ~ r; ~ :y (SEAL)
~ dward M . lodd~++ '
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