HomeMy WebLinkAbout2168 Mw~7•wer IrWe
s 22~ 500, 00 ~ ~amt, Flo~ido, Ju1~e 26 , ~p ?3
FOR VAIUE RECElvED the undersigned jointly and seve~ally promise(s) to poy fo the orde~ of
PHILLIP P. ZIPES ths principal sum of ~
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Twenty-two Thousand~ Five Hundred and OO1100 i
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Dopon (S 22~ 5~0. ~0 ) to~ether with interest thereon from the date hereof _ ~
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at the rate of per cent, per annum until matu~it~r; doth p~intipal and interesf being poyoble in fawful ~
money of the Uo~~ed State: atc~o ~Cha1'd V. Neill,_ Esq. , 124-A North Second Street _ ~
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Fort Pierce, Ftorida
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_ or ot such other place os the holder hereof may desi9nate i~ writing, soid principol and interes~ to be poyable on
the dotes and in the omount: specified betow, to-wit:
$7, 500. 00 on or before June 26, 1974;
$7, 500. OU on or before June 26, 1975;
$7, 500. 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 contaias provisions pursuant
to which the undersigned shall have no personal liability under said .
mortgage or this note. _
Evch make~ and endorser severally woives demand, p.otest and notice of matu~ity, non-payment or protest
and oll requirements necessary to hold each of them liable as mokers and endorsers.
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Each moker and endorser furiher agrees, joinNy ond severatly, to pay att costs of collec6on, includ+ng a
reasonable ottorney's fee in case the principal of this note or ony poyment on the principal or interest thereon is ;
not poid at the respectiva moturity the?eof, or in ca~ it becomes necessary to proted the secu~iry hereof, whether ~
suit be brought or not. '
During the period of any defdult under the terms of this note, or any mortgoge securing this note, the interest
rete on the entire indebtedness then outstanding sholl be at the rate of Y~ per cent per annum,
computed from the dote of defeult and continuing until wch default be cured.
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This note is secured by a moregoge of even date herewith and is to be construed and enforced according to the F
laws of the State of Florida. Upon default in the payment of principat and/or interest when due or in the provisions
; of eny mortgage securing this note, then 3~ days after wch default has occurred, the whole sum of '
` ptincipo! and iMerest remoining unpoid shall, ot the option of the holder, become immediately due and payable.
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( In the event of the acce(erotion of this note, the totol charges for inierest and in the nahrre of interest shall not j
f exceed the maximum amou~t allowed by law, ond any excess portion of such charges thet mar have been p?epoid '
shall be refu~ded to the makers hereof at the time of acceleration. Such refund may be mode by opplication of the
omount involved agoinst the sums due hereunder, but such credifing sholl not cure or waive the default occasioning
occelerotion.
(Doc. Stamps in the amount of
$33.75 atfixed to the original ;
nntP an~7 c-anc-elled. ) -
~~a~~ /s/ Lawrence C. Porter, Trust~~~
LAWRENCE C. PORTER, TRUSTEE
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EXHIBIT C
Mr•n. K~plse. rort~r. lwinson ~ Kenin '
t7~~ S t•: ~1~:* STRC£T ~'IA!'{ Fl=fitDA
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