HomeMy WebLinkAbout2680 PROMISSORY NOTE
~p~ _{~p Miami, F lorida, February 9 ,19 ~3 .
FOR VALUE RECEIVED the undersigned, jointly and severally, p~omise to PAY TO THE ORDER OF
u~at,nc Fu~sN~ ~r~,.~o. .
at
The principcl surn of gIi+"py_SIX THOUSAND AND NO/100 DOLLARS
56.000.00 ) together with the interest thereon from
at the rote of 7X percent per annum until mcturity, ail poyable in lawful money
of the United States of America, as follows:
$11~200.00 plus intereat an the 9th day of
February of each yaar for fiva (5) conaacu-
tive years. cammencing one yaar from tha date
hereof .
Thia note may be prapaid at any tima.ln whole ~
or in part. without penalty.
This note is to be construed and enforced according to the Icws of the State of Floridc. (n no
event shail interest accruing be payoble hereon in excess of the highest legal contract rate for
the time such indebtedness shall be outs~anding and unpaid. All payments shall apply first to
accrued interest, and the remainder, if any, to reduction of principal. If any irutallment of
principa) or interest is not paid when due, or upon any defoult in the performonce of any of th•
~ coverwnri or agreemenh of tfiis note, or of any note of a seria of which this note is on~, or of
~ any inst~ument now or hereafter evidencing or securing this note or the obligation represented
~ her~by, the unpaid balance leu uneerned interest shall, at the option of the holder, become
~ imm~diotely due, payable and collectible, and while in default, this note and defe~ted intsrsst
~ shall bear interest at the rate of ten percent (1096) per annum. Each maker ond endorser jointly
~ and s~verally waives demand, protest ond notice of maturity, non-poyment or protest and oll
~ requir~m~nh necessary ~o hold each of them liable os maken and endorsers. Each maker end
~ •ndors~r furth~r egrees, jointly and severolly, to pay cll costs of collection, including reoaon-
F abl• attorne~ Fees in cese the principal of this note or ony payment on the principal or eny
~ interest thereon is not paid at the respective motu~ity thereof, or in case it becomes neceuary
~ to protect the security hereof, whethe~ suit be brought or not.
~
~
~ (SEAL) (SEAL)
~ ABxAHA~i HA
- (5 EAL) (SEAL)
~
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and shall pa~ a11 aher swns pro~ided to be paid b~ t6is Mortp[e. aad ~6a11 per[orm. complr xuh aad ~bide b~ each and
Y eren the stipulata~n, agreements. cooditior.s aod eorenanu of wid promiuor7 note and of this detd, t6m this deed u?d t6e
~n
i eatate hucbr created shall ewe aad be anll and roid.
- AND THE MORTGAGOR day berebr fuct6er wrenant and a~ree u folbrrs:
_ l. To pa~ dl and aingulu the priacipal and interat ~nd othu wmi of monep pa~able b~ virtne o[ said prnmwor~ note
and thu mortg~6e. or either. PraoPtlr on t6e dars teapeetivel~ the same sererdlr eome due. `
2. To pe~~ all and sin6ular uiee, a~nents, kvies, liabilities, oblisatioiu and eacumbranca oE e~er~ nature on ~aid
= dexribed propert~. each and e~erp, r+it6in tbe time specified in Pua~ap6 6 beloa, and iE the same shall not be promptl7 P+~.
t6e '.liort6~ee m~~. at an~ time either be(ore or dter delinquenc~. par tbe ~ame without ~airin6 or a((ectins the option to fore-
:j clox. or anr ri66t hereunder ~ad erer~ panornt w made ~6a11 beu i~erest from the date thereot at t6e nte of 10 perceat
per annum.
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