HomeMy WebLinkAbout2155 herhsoq Nae
s~3?,_4Q0~.4Q ~ Ft. Pierce, !~R Fb~~do. _~ne 26 _ , i9~~ _
FOR VAIUE RECEIYEO the unde?signed jointiy and severolly promise(s) to poy to the orde? of
__PHILLIP_ P, ZIPES ~ _ the p~incipol sum oF ~
~ -------Four Hundred Thir~_Seven Tliousand and OOL00 <
Dollors (S_ 43?~ OOO. 00 ) ~~gether with interest thereon from the date hereof . ~
at the rate of ? pe~ cent, pe~ annum ~ntil maturity; ooth principal and inte~est being poyoble in lawful
money of the United States ot C O R~Cllard VL Nei11.,~E~g., 124-A North SeeQnd Str~et,
_ Fort Pierce~Florida ~
or at such other place as the holder hereof moy designote in writi~g, said principel and interest to be poyable on
- the dates and in the amounts specified below. to-wit:
The sum of $21, 850, on June 26, 1974, and a Iike sum quarter-
annually thereafter on the 26th days of September, December,
March and June until the entire principal balance is paid in full;
together with interest at the rate set forth above upon such sums as
from time to time remain unpaid payable quarter-annualiy when
principal payments are due except there shall be no interest payment
due on June 26, 1974.
This note may be prepaid in whole or in part at any time without
~ premium or penalty after December 31, 1973.
Anything to the contrary contained in Ehis noEe or the mortgage which -
secures this note notwithsta.nding, Ehe undersigned has prepaid the
first year's interest, and the holder, :by acceptance hereof, acknowl-
edges the receipt of the first year's interesE due hereunder.
The mortgage which secures this note contains provisions pursuant
_ to which the undersigned shall have no personal liability under said
mortgage or this note.
Eath maker and rndorser seve~olly woives demand, p•otest and notite of moturity, non-payment or protest
and all requirements necessery to hold each of them lioble os makers ond endorsen.
Eoch maker end endorscr further agrees, jointly ond severoily, to par all costs of collecfion, including o r
reosonable ettorney's fee in case the principal of this note or any payment on the principal or interesf thereon is
not paid at the respedive maturity thereof, or in case it becomes necessary to protect the security hereof, whethe~
suit be brought or not.
During the period of any defoult under the te~ms of this ~ote, or any mortgoge securing this oote, the interest
rate on the entire indebtedness then outstonding sholl be at the rate of 1~ per cent per annum,
; tomputed from the date of default end continuing until such default be .cured.
; This note is secured by a mortgage of even dote herewith ond is to be construed and enforced according to the f
' lows of the State of Florida. Upon default in the payment of priocipal ond/or interest when due or in the provlsions
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; of any mortgaga securing this note, then 30 doys afte? such default has occurred, the whole sum of
' principa! and interest remoining unpoid shall, at ihe option ~f the holder, become immediately due and payable.
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In the event of tf~e acceteration of this note, the fotol charges fo~ interest and in the ~attrre of interest shall not
exceed the moximum amount allowed by law, and any exceu portion of such charges that may have been prepaid
sholl be refunded to the makers hereof at the time of acceleration. Such refund moy be made by application of the
amount involved against tbe sums due hereundet, b~t such trediting sholl not cure or waive the default occasioning y
otcelerot;on. ~
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(_Doc. Stamns in the amount of
$655.50 affixed to the original
; note and cancelled.)
; (Seal) /s/ Lawrence C. Porter, Trus~~~
LAWRENCE C. PORTER, TRUSTEE
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- --------(Seal) - (Sea1) 4
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EXHIBIT A ~^p 2~t ~
.,:.~r :l~ T'.!~'; ~.i
• MrNS. Kapl~n. Vorttr. t~vinson i Keni~
IfsO S W. /IRST STREET. M~AM1. FLORIDA
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