HomeMy WebLinkAbout0811 59,000.00 f'it~ ~-'s~- _:..r:=_-` .
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Decemher 27. 1973
FOR VAI.UE R~CEIV~D, the undersigned, jointly and severally, PRO?1IS~
'TO PAY to the order of DOROTHY WELCH
---------FIFTY-NINE T~iOtiSAND AND I~O/ 100----------------- DOL RS :
at 2100 S.Ocean Ln.Ft. Lauderdale, Fla. or such other place as the hol ~r hereof
may designate in ~vriting, together with interest from date at the rate of ~ $
per annum on the unpaid balance until maturity . The said principal and i rest ~
shall be due and payable as follows: j
Four quarterly principal repayments in the sum of 51,917. each, Log er with -
acerued interest commencing i~Zarch 27, 1974, and thereafter the th da of
June, September and December, 18?4. There ayment shall be due ntil
December 27, 1975, at which time the first seven suc ssive annual repa ents
of principal in the amount of $7 , 375 . 00 principal shall be due together wi accrued
interest. Said annual payment of pr' cipal shall contin e thereafter on the 2 day
of December each succeeding year ntil ecember 2? 981, when the princip
balance outstanding together with ~ccrue interest all be due and payable in ull.
This note may be prepaid in full or in part a any time or from time to time subs~q ent
to January, 2, 1974, without penalty.
'fhis note is se ed by a firsT ortgage lien on roperty in St. Lucie County, Florida.
Said mortgage contains release p ovisions and it i acknowledged that any prepayments
made pursuan to said release pro 'sions shall be i anticipation of the next ensuing
ay ents due n this instant note.
If default be made f -15- days ' the payment of any installment of principal
or interest or any par thereof, e whole sum then remaining unpaid with interest
hall at holder's option b due and payable ~vithout notice . Failure to exercise
ch option shall nat constitute a waiver of the right to exercise the same in the
e nt of subse uent default. After maturity both principal and accrued interest
sha bear•' erest at -10- $ per annum until paid. The makers and endorsers
of this note further waive demand, notice of non-payment and protest. If this note
f is not paid at maturity and the same is placed with an attorney for collection, the
; makers and endorsers hereof agree to pay all costs of collection, including all
~ court costs and reasonable attorney fees . -
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~ THE HOLDER OF THIS NOTE ACK1~OjVLEDGES THAT THE SOLE REti1EDY I~i THE EVE1~T
a OF DEFAULT OF THIS INSTANT NOTE IS TO FOR.ECLOSE AGAIVST THE i
tORTGAGE LIEN
~ Ai\D THE HOLDER, BY ACCEPT~I~TCE OF THIS NOTE, ACKi`OWLFDGES THAT \O DE-
~ FICIEI~CY JUDGPftENT SHALL BE ~OUGHT, RE~TDERED OR EitiTERED I\TO AGAI~ST
~ THE MAKER OF THIS NOTE, ~VHO SH~LL-~O I\ ANY tVAY BE DEEi;•IED PERSO~T:~LLY
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~ LIABLE . ~ /~~~1~ ~r - ^lc ~~t~-~SEAL)
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