HomeMy WebLinkAbout1258 ~ EXHIBIT "A"
$ 253,000.00 Miami, Florida December 30, 1974
FOR VALUE RECEIVED, the undersigned promises to pay to the order of
OKEECHOBEE LAND CORPORATION at Post Office Box 247, Okeechobee, Florida, the sum
of TWO HUNURED FIFTY-THREE THOUSAND DOLLARS 253,000.00) Plus inter-
est thereon at the rate of eight and one-half percent (8-1/2X) per annum, from the ,
date hereof, payable as follovs:
December 30, 1975, interest only (no principal) ' i
Aecember 30,~1976, $ 36,142.85 plus accrued interest ~
December 30, 1977, $ 36,142.85 plus accrued interest ~
December 30, 1978, $ 36,142.85 plus accrued interest ~ ~
December 30,.1979, $ 36,142.85 plus accrued interest ;
December 30, 1980, $ 36,142.85 plus accrued interest ~
December 30,. 1981, $ 36,142.85 plus accrued interest
December 30, 1982, $ 36,142.90 plus accrued interest ~
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This nete aay be prepaid in whole or in part at any time without penalty. 1
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Any covenants or agreements contained in this-nnt~,or in the mortgage i
securing this note to the contrary notwithstanding, in the event of any default t
in the payment of the principal and interest due hereunder or any default in the ~
covenants and agreements contained in the mortgage securing this note, the holder
or assigns of this note and said mortgage or the parties secured shall look solely .
to the mortgaged property or to the proceeds of the same thereof, for payment of
this note and the full satisfaction of any liabilities or obligations otherwise
arising under this note and said mortgage, and if the net proceeds arising there-
from or from the said sale shall be insufficient to pay in full the debt evidenced
by this note and secured oy saia morcgage, anu sati5iy dr~y ~uc« .i~a~~~~t~~s,a~
obligations otherwise arising thereunder, the undersigned maker, his heirs, grantees '
and assigns, shall not be held personally liable or responsible for the payment
of any such deficiency. ~
In the event of the acceleration of this note, the total charges for
interest and in the nature of interest shall not exceed the maximum amount allowed
by law, and any excess portion of such charges that may have been prepaid shall be _
refunded to the maker hereof at the time of acceleration. Such crediting may be ~
made by application of the amount invoived against the sums when due hereunder, '
but such crediting shall not cure or waive the default occasioning acceleration. s
! _ During the period any default under the terms of this note the inter-
est rate on the entire indebtedness then outstanding shall be at the rate of ten
I percent (l0y) per annum computed from the date of default and continuing until
~ such default be cured. _
~ If default be made for a period of thirty (30) days in the payment of
~ any installment of principal or interest, then at the option of the holder hereof
~ the entire principal sum remaining unpaid, together with accrued interest, shall
become immediately due and payable without notice. Upon any default hereunder all
~ persons liable hereunder promise to pay all cost of collection including reasonable
~ attorneys' fees.
~ Presentment fvr payment, demand, notice of dishonor, protest and
~ notice of protest are hereby waived by the maker and endorser hereaf. f
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~ (L.S.)
MICNAEL H. MALE, as Trustee
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~ ~o~K235 PAGE1257
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~ BRICKMAN, MALE 6 BLOOM, ATTORNEYS A1 LAW, 1101 FORTE PlA2A, 1401 BRICKELL AVENUE, MIAM1, iLORiDA 33~3~
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