HomeMy WebLinkAbout0840 the payment of this Note, in connection with thc ~oan evidenced
by this Note, or the Mortgage securing the payment of this Note,
or any other document delivered in connection ~vith said loan,
result in the computation or earning of interest in excess of ;
the maximura legal rate of interest which is legally permitted ~
under the lac~s of Florida, then any and all such excess shall be
and the same is hereby waived by the Payee and holder~hereof, and
any and all such excess shall be automatically credited against
and in reduction of the balance due under this indebtedness, and
~ the portion of said excess which exceeds the balance due under
this indebtedness shall be paid by the Payee and holder hereof to
the Maker and parties liable for th~ payment of this Note.
;
Zhe Maker and all endorscrs and guarantors of this Note
hereby waive demand, presentment, notice of non-payment, dishonor
and protest, and agree in case suit shall be brought for the col-
lection hereof, or it is necessary to place the same in the hands _
of an attorney for collection, to pay reasonable atCorney's fees i
for making such collection, whether the holder hereof is obligated !
therefor or not.
It is agreed that the granting to the t~[aker of this Note
or a~ny other party of an extension or e.ctensions of time for the
payment of any sum or sums due hereunder or under the Mortgage
securing the payment of this No~e or for L'he performance of any ~
covenant or stipulation rhereof or the ta'~cing of oL'her or addi- t
tional security shall not in any way release or affect the liability i
of the Maker and the endorsers and guarantors of this Note. , ~
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1h~s Note is secured by, and subject ta tihe provisions of,
a Mort~age of e~~en daCe here~~ith executec; and delivered by the ,iaker,
as t~ortgag,or, unto Che Payee, as Mortgagee, encumbEring property in
St. Lucie County, Florida. ~
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' This Promissory Note may noti.be amended or modified, nor ;
shall any waiver of any provision hereof be effecti~ve, except by an #
instrument in iariting executed by the Pay~e.
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B.D.B. Development Corp. (Seal) t
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~ ~ By /s/ David A. McKibbin
~ President
~ Attest:
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~ /s/ Robert C. Hartnett
~
Secretary
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