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7he Maker will be fully liable for repayment of all funds so advanced for its #
account as if said funds had been advanced directly to it. Thereafter, interest
payments will be made directly by Maker.
At the option of lender and provided applicable law does not proscribe
such a cha`rge, all installments of interest not received by the lOth of the
month shall bear a late payment charge of 2K for each month or part thereof
during which a delinquency exists.
All charges of interest shall be on the amount actually advanced under
this note.
This note shall be secured by a real estate mortgage and the property
described therein shall be security for the monies advanced hereunder.
7he maker and endorsers of this note and all other parties hereto waive
presentment thereof for payment, notice of nonpayment, protept`and notice of
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protest and dishonor, and diligence in bringing suit against artiy and all parties
hereof, including maker and endorsers, and assent to ar~y extension or postponement
of ~the time of payment or ar~y other indulgency, to any substitution, exchange or
release of collateral, and/or to the addition or release of any other party or
person primarily or secondarily liable; and guarantees the payment thereof in the
hands of bona fide hold~rs. And the maker and ar~y endorser hereof agree to pay
all costs of collection and reasonable attorney's fees if it becomes necessary
to place this note in the hands of an attorney for collection. Upon any default ~
I in the payment of interest or principal hereunder, or in the observance of any
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j covenant or agreement contained in the Deed of Trust securing this note, the
entire balance, principal and interest, shall without notice become due and
payable at the option of the holder hereof.
This note and interest are secured by a Mortgage of even date from
the maker to the payee upon real property in St. Lucie County, Florida, and is
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secured by a lien retained in said instrument.
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No privilege of prepayment is given or reserved. If any installment of
interest or principal, or any portion thereof, is not paid when due the same shall
thereafter bear interest until paid at the rate of 10% per annum until paid.
~ WI7NESS the execution hereof;as of the day and year first above written. ,
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Warren A. Mc adden Mary nn~M~c ad en
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