HomeMy WebLinkAbout2166 M~u{sto:> \u!e ~
s-~s~9Q-Q~-QQ - Miomi, Florida, June 26 , 19
FOR VAIUE RECEIVEO the unde~signed jointly ond severolly promise(s) to por to the orde~ of
LEON _ D, MILLEI2 _ the prinupo! sum oi
-----------Forty-five Thousand and 00/100 t
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Dollars (S~~QQQ~~Q~_) together with inte~est thereon from _the_.d~~.hereQf . ~
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ot the rate of ? per cent, per annum unfi) motu~ity; ooth principo) ond interest being poyoble in lawfu) ~
~
money of the United States at ,1o
Richard V. Neill,_Es~c I24-A North Second Street ~
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_ Fort Pierce.~ FZorida . ;
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or at such othe~ place as the holder hereof cnoy designate in writing, said p?incipal and interest to be payoble on ~
the dates ond in the omounts specified below, to•wit:
$15, 000. 00 on or before June 26, 19?4; ~
$15, 000. 00 on or before June 26, 1975;
$15, 000. 00 on or before June 26, 1976;
together with interest from the date hereof at the rate set forth above
upon such sums as from time to time remain unpaid, payable annually
when principal payments are due. '
This note may be prepaid in whole or in part at any time without ~
premium or penalty after December 31, 1973.
The mortgage which secures this note contains provisions pursuant
to which the undersigned shall have no personal liability under said '
mortgage or this note.
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Eoch moker ond endorser seve~dlly waives demend, p•otest and notice of moturity, non-payment or protest
and all requirements necessary to hold each of them liable as mokers ond en~ursers.
Each maker and endorser ivrther agrees, jointly ond seYerally, to poy oll costs of collecdon, including a
reasonoble ottorney's fee in case the principal of this note or any payment on the principal or interest thereon is
not paid ot the respedive maturity thereof, or in case it becomes necessory to protect the security hereof, whether ;
suit be brought or not. }
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During the period of any default under the terms of this note, or onr mortgage securing this note, the interest ;
rote on the entire indebtedness then outstanding shaU be at the rote of 10 per cent per annum, ~
computed from the date of default and continuing until such default be tured.
This ~ote is secured by a mortgoge of even date herewith ond is to be construed ond enforced atcording to the '
laws of the State of Florida. Upon default in tne poyment of principol and/or interest when due or in the provisions ;
of any mortgage securing this note, then _ 30 days after such defoult has occurred, the whole sum of
principol and interest remoining unpaid shall, at the oRtion of the holder, become immediotely due and payable.
!n the event of the octelerat;on of this note, the toto) charges for interest and in the nature of interest shall not
exceed the moximum amount al~owed by law, ond any excess ponion of such chorges thot may hove been prepaid
shell be refunded to the mekers hereof ot the time of ecceleration. Such refund may be made by applicotion of the
amount inrolved against the sums due hereunder, but such crediting shall not cure or waive the default occasioning ~
~ octeleration. .
(Doc. Stamps in the amount of ~
$67.50 affixed to the original '
n~te and cancelled.)
_ ~~a~~ /s/ Lawrence C. Porter, Trust~a~~
. LAWRENCE C. PORTER, TRUSTEE
----~(Seal) (Seal) -
EXHInIT A ~ U ~ ~~5 " -~,i~ +
i1[~!c • A~:
Mren. Kipl:n. Pprter. lsvinson i K1nin ~
1150 S W ?IQST STREET MIA~J) iI.ORIDA
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