HomeMy WebLinkAbout2887 ~ ~ortg~ge ~ote _ = t :
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S 337, 365 .00 ~ ' ~
Fort Pierce, Florida, September 16, 19 74
For ralue s~ceived. the undersi~ned tiointly and severally. ii more than one). promiN to W7 , `
~~Q ocdes ot FLORINDIA FARMS CO1tPORATION, a Florida corporation,
S
~e pr~p,~ ot three hundred thirty-seven on ~ npaid bal
nceed sixty-five
and no /100 DOLLAR4 ti337,365.OQ~ with interest/~ at the rate ot nine °
per centum per snnum irom dste uatil maturity. aaid intereat bein6 P~Y~?ble semi-annually
after date
~ both principsl ~nd iaterest beiag p4Ysble in lawful money o~ the United Sbtea of America st
Fort Pierce, Florida,
or at such other address as tbe bolder irom time to time msy specify by written notiee to the nuker. +
the principsl and interest to be psid at the date or dstes and in the msnner followin~: ~
On March 16, 1975, interest only_shall be paid; on September 16, f
1975, the principal sum of $35,000.00 plus interest shall be paid; ~
on March 16, 1976, interest only shall be paid; on September 16, - f
1976, the principal sum of $50,000.00 plus interest shall be paid; ~
on March 16, 1977,.interest only shall be paid; on September 16, ~
1977, the entire principal balance remaining unpaid plus interest ~
to the date of payment shall be paid; provided, however, if the mort- :
087 50 executed this date by Paul ;
gage and note in the amount of $172, . <
H. Leffmam and Theo H. Leffmatus,his wife, to Florindia Farms Corpora-
tion has been satisfied in full on or before March 31a119a5'ent of der-
signed shall have the option of deferring Che princip p ym
$35,000.00 required by this note to be paid on September.a6balance
I until September 16, 1977, when the entire remaining unpai
becomes due. ~
After the calendar year of 1974, the undersigned shall have full pre- _
payment privileges without penalty or premium, but during 1974 shall :
have privilege only of payment of full principal amount plus interest. i
?hia note to be construed and enforced according to the laws of the State of Florida, .nd is
secured by mortgage oa real eetste of even date herewith. ~
Ii default be made in the payment of any of said sums or interest or in the performsnce oi snr
sgreetnents contsine3 inerein. then. at the option of the holder of the aame, the principal sum then
remainiag un p
a i d w i t h s
o c r u e d intere~t shall immediately become due and collectible without no- j~
tice. time being oi the essence of this contract. and said principal sum and said accrued interest i~
s~wU both bear interest at the rate of ten per centum per annum, from auch time until paid.
Eaeb maker and endoraer ~vaive~ presentment. protest, notice of protest and notice of diahonor
and agrees to psy all costa, includinS s reasonable attorney'a fee. whether suit be brou8ht or aot, if j~
counsel ahaU after maturity of tr is note or default hereunder or under said mortga8e, be employed to !
coUect this note or to protect the security thereof. '
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=.~~6...1.0........... ..in State documentary ......................._.----............._......_---............(SEALI ~
stamps afii~ced to oriain~l note and cancelied. James W. Piowaty
Malcer'a Address ..._Debo..~........~....piowaty .............~(SEAL) `
rah J .
$Q9~._~uu~l~ Ian~n..~ti.x~x...Ax~.at.~...
Ft. Pierce, Florida 33450 .
~0~~31 ~~882
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