HomeMy WebLinkAbout1773 a
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MOitTGAGE- I\lOTE
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North Palm iicach,
Fb.;ao june 18 ~9~ .
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First American i3~nk of
FOR VAIUE RECEIVED, the undersigned, join~ly and severolly, promise ~o poy to the o~de~ of NOICII Pa1tY1 ~~~1Cf1
o corporaf~on organized ond esist~ng under the laws of the FIOY'IC.~A w~th its principal plate of 6usi~ets in
Palm Reach C`nuntv, the principol sum of FiftT -fivP Thn~s:~nt~
a_
n~/1(]O
Oollon,
~ over e«? York prime intere st rate
together with interest thereoR fr date t the rote of pe entum ~ nnu un~il moturity. both principol and inlere:t
~irst ~merican an- or ~orth~a~m ~each
being poyoble ot the ofi~ce of `}01 NOI'L~~I~:C ~1VC~. . North Palm Beach F4orido, ol the dotts ond in tfie ;
omounts and monner os follows: '
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INTEREST shall be due and payable July 18, 1973, and on the 18th day of each month
thereafter; '
PRINCIPA L shall be due and payable on June 18, 1974, or ON DEMAND, whichever i
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comes first. (
F All s~ch svms of money so poid shaii be tredited by the payee, first fo the interesf on this ~ote and rhe balance fo red~ction of the
~ p~incipal hereof. °^°~t~' : . _ ~,o~if~ci ;
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~ -~x,s-if-evi~ir?--fvii-vv ~d 4tFt_yeg.r: lQ~;f-po;d i2fsrtLofter 4th ya~~vT"bef9re`mo
uti~jr.
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~ If any paymenl of princ~pal or in?erest hereby requ~red is overd~e fo~ mo~e thon fifteen (15~ days, the holder of Ifiis rate ~
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i moy, of ifs option, and withouf notite, detlore the entire bolonce of principal then remaining ~npaid to be immed+otely due ond ~
~ poyoble, and ony failure to exercise said option shall not constitute o woiver of fhe right to exercise the same ot any other time. ~
j Upon default in moking any poyment hereby required, eoch make~ and endorser, jointly a~d seve~ally, promise to pay all costs.
~ expenses, includ~ng ottor~ey's fees, incurred in colletfing Ihis r+ote by legal proceedings or thro~gh an oftorney.
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~ Inssallments ~ot poid within fifteen (15) days ofter the same are due shall be subjett to, and ~t is agreed payee shall `
~ collecl thereon a~d therewith o"late charge" in the omount of four per tent (A%p) of the monthly ppymenf upon each such delinquenf
~ insfollmenf.
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~ Eoch maker ond endorser waives demand, protes~, and noti:e of moFurity, non-payment, or protest, ond otl requirtments
~ ~ecessary to hold eoch of them liobte as mokers or endorsers.
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~ This note is secured by a mortgage on real esfpfe in St. LLC1C-' County, Florido. ~
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~ No,~ ~o. ~rPd F3~shara Con~truction C'~mnan`,v ~s~u ~
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~ , ndd«::: e e s r, re~ te ~5~~ ~
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k 618 North Federil Highway ~s~~ f
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North Palm Reach, Florida 33408 - IsEA~1 ~
Fred Beshara, individually ~
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PACL
~ _ e00K ~770
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