HomeMy WebLinkAbout1517 I' ~0 ~,'ijiV= I~a [Q ]i101O ff~e snme, (tNJrfhv/ wilh !hp tenPmenlt, ~~rrruirum~nu unu appur~r
`1 n~u~ce~ t~iNrrfu f,rlon{~inc~, ona ff~e rrnb, issura ontl pro~ih fhereo~. unlo 1~~e murfgagv~, in ~te simA~•
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lin~ t~ie ?nu~f4~a~1w ~uvr~~anl~ tuilti !he morf~agv~ that Ih~ mwlga~or ts incl~j~cuib~y seixvc~ of xoid
~un~~ i~i ~i~e simpjr; f~~at I~~r mortpa(~or fiut ~ooc~ rigtii an~~ ~aw~u~ aut~?or~ly to convey saic~ ~nnd aa a~or~-
soie~; I~~~t fl~v ~wrt~a~or u~i~~ mn~is s~uh ~u?f{~vr assurances lo perjrct ths ~ee aimpl~ Itf~ fo snid ~anc~ in the
l~ nto?tt~a~1~'e ~s mny ?ensonnG~y tie ~~1ui~eJ: f~nt fhe mo~tflagor hweby ~u~~y u~arrants ihe lit~e !o snicl Iane~
-!i and ioill dpJ~nd thp same aAninst the lnwjul claims o~ aII Pprsona wi~um~o~us~: aRd tl~a! said land ia Jree
~l a?u~ c~~~r n~ n~~ c?icum~>rcuices
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~ tways, that if saic{ mo?te~nNor s~~all pay unlo sait~ mor[gagee Ihp certain promis-
1~ sory nole I~ereinaJtQr su~~tantia~~y copied or identi~iecr, to wit:
1~ ~
s756_,OOO,~OQ Fort Pierce, Florida---~b~~X---zB-~------- 19T.~...
~~s hereinaftel' Btafi6d after date, I, we or eitker of us promise to pay to the order of
--LUCIB __PROP8RTI8S R.._INC.--------=-------------------•-------------------------•--------....-----------------------=-------------~----------~
Sev~an Huadrod Fitty_-six. Thousand and_ 00/100------.------.---_--..____:._. oo~u>Rs
for value received, payable at_..__1845 t~TalAtit._St._~._ Ph1lad~elphia,.._P~._~,910~._.or___at______________
._euch__other._plac~__as__~~___~Q~,s~x__h~x~ol..ma~__in__Yriting._dasignat~~~th interest
from...__..date_..__ 7 1?.per cent per annum until paid; interest payable. W~,t~'1__p~,~~-__._
__.at the rate of....-._I_.
~ cipal installmente.
And each of us whether ma{cer, gwnntor or endoner, hereby severally waivcs and renounces any and all F?omeste~d exsmp~ion rights we
may have under the Cw~stitution w laws of the State of flaida, or ar~r othe? State w Un~ted States, as against this r+ote, and each fwthe~ waives
demand, rwtice of non-payment and protest, and in event it becanes necessary fo cd1eU this note through an attuney, agrees to pay atl costs
j of collectian, including ressonabk attaney's fee.
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! If default is made in sny psyment when due, then at the option of the holde~, and without any other notice, all the remai~i~g balance
~ shall bc due and payable at once. _
~ The as?id principal sum shall be payable in nine (9)
~ •uccessive equal anriual installments ot $37,500.00 each,
~ beqinninq Feburary 26, 1975, and a lOth and final payment
of the balanc~ of principal ahall be payable on February 28,
198~
After December 31, 1974, the ~rithin promissory note may -
be prepaid on Whole or in part in advance of maturity without
penalty. Prior to December 31, 1974, prinaipal hereof may be
prepaid only to the extent of $85,050.00. Authorized prepayments
•hall be applied tvward the then,next ensuinq installments
maturinq hereunder. ~ ~
~ QUEEN'S COVS PROPERTZES, INC., a `
l~tte~t: Florida corporation ~
s/ Shirley J. Cardenas By: ~/-~o~~~-~~~~-----------------------------~~--- SEAL :
Its Secretary Its ~ (Co
rp. Seal)
, No•----------~------------- Due-----------------•-----..._......_.....------- - - SEAL ~
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