HomeMy WebLinkAbout2156 1roA~i,~wr 1~de
s_43__?,_000~00 Ft. Pierce, Fio~;do, ~ June 26 ,19?3
FOR VALUE RECEIVED the unde~signed join~ly cnd seve~ally promise(s) to poy ro ~ha o~dc. of
M. A. RAMSEY , the p~incipol ium of '
;
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---------Four Hundred Thirt~-Sgv~n~_ou$~nd an~QQf_.j_QQ ~
~ol(an (S 437.000. 00 j toyethtr with interest the?aon from th~d~t hereof . ~
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af the rafe of 7 per tent, pe? annum until maturiiy; ooth principol and interest being poyoble in lawful ~
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nw~ey of the United States ct ~o Richard Y. ~Q~I~.1~~_$$,~~Q-A~OI` Second Street ~ ;
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_ Fort Pierce= Florida
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_ or at such olher place as the holder hereof may designate in writing, soid principol and interest to be payable on ~
the dates and in the amounh specified below, to-wit: ~
' The sum of $21, 850. on June 26, 1974, and a like 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-annually 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.
Anqthing to the contrary contained in this note or the mortgage which ~
secures this note notwithstanding, the undersigned has prepaid the ~
~ first year's interest, and the holder, by acceptance hereof, acknowl-
edges the receipt of the first year's interest 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. .
Each maker and endorser severally waives demand, p.otest and notice of maturity, non-peyment or protest ;
and all requirements necessory to hotd each of them tiable os mokers and endorsers. ~
Each maker and endorser further egrees, jointly ond severolly, to pay oll costs of collection, including a ~
reasonoble attorner's fee in cose the principol of this note or ony payment on the principal or interest thereon is ~
not poid at the respective moturity thereof, or in case it becomes necessary to protect the securit~r he~eof, whether ~
svit be brought or not. ~
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During the period of ony default under the terms of this note, or any mortgoge securing this note, the interest ~
rote on the entire indebtedness then outstanding shall be at the rate of 10 per cent per enoum, !
computed from the date of defoult and continuing until wch default be cured.
This note is secured by o mortgage of even dote herewith end is to be construed and enforced occording to the ~
(aws of the State of Floride. Upon defavlt in the payment of principa! and/or interest when due or in the provisions `
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of any mortgoge securing this note, then 30 doys ofter such default has occurred, the whoie sum of j
principol and interest remaining unpaid shatl, at the option of the hotder, become immediately due and payable.
In the event of the acceleration of this nate, the total charges for interest and in the noture of interest shall not ;
, exceed the maximum amount allowed by law, ond any excess portion of such charges thot may have been prepaid
shall be refunded to the makers hereof at the time of accelerotion. Such refund may be made by applicotion of the ~
amount involved agoinst the sums due hereunder, but such credi6ng ahafl not cure or waive the default occasioning ~ ~
accelerotion.
(Doc. Stamps in the amount of
c~~s ~n afflYP(~ t~ the original ~
~ T v r r . '
note and cancelled.) ~
; _ ~SeQ~~ /s/ Lawrence C. Porter, Trusr~~
; LAWRENCE C. PORTER,, TRUSTEE .
~ - - ------(Seol) (Seol)
EXHII3IT B ~e~~
Myp~s. Kaplan, porttr. ltvinson i K~?in "rj
t:S^ S'.. r; ;~T S:f.CET ••ti;.•'i. FLCfi1DA
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