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MORTGAGE NOTE
AMO NT:$ 36,444.00 _ DATE: December 31, 1975
. -
. For value received, the undersigned promises to pay
to the order o~ PORT ST. LUCIE SHOPPING CENTER INC the principal
sum of THIRTY SIX THOUSAND FOUR HUNDRED FORTY ~OUR AND no/100
with interest thereon at the rate of nine and three-fourths :
(93/4) per centum per annum from date until maturity, said
interest being payable in lawful money of the United States
of America at Port St. Lucie Shoppin~ Center, 8450 S. U.S.l/1
Port,St. Lucie Florida or at such other address as the holder
from time to time may specify by written notice to the maker,
the principal and interest to be paid at the date or dates and
in the manner following:
The principal indebtedness evidenced by this Note
shall be payable in one hundred and twenty (120) -
equal and consecutive monthly payments of principal
in the amount of $ 151.85 per month plus accrued
interest to date beginning February 1, 1976 and
being due and payable on the first of each and
every month thereafter. The balance plus acerued
i interest to date shall be due and payable in full at
E the termination of ten (10) years from date. Said
" indebtedness shall be prepayable in whole or in part
~ at any time without penalty. .
~
~ Th1s Note to be construed and enforced according to
the laws af the State of Florida, and is secured by a second
mortgage on real estate of even date herewith.
If default be made in the payment of any of said sums ~
or interest or in the performance of any agreements contained
herein, then, at the option of the holder of the same, the
principal sum then remaining unpaid with accrued interest shall
~ immediately become due and collectible without notice, time being
of the essence of this contract, and said principal sum and said
~ accrued interest shallbotti bear interest at the rate of ten per
centum (lOx) from such time until paid.
~
~
x
: Each maker and endorser waives presentment, protest,
notice of protest and notice oP dishonor and agrees to pay all
~ costs, including a reasonable attorney's fee, whether suit be
~ brought or not, if counsel shall after maturity of this note
~ or default hereunder or under said mortgage, be employed to collect
~ this Note or to protect the security thereoP. '
~ . ~ .
~ ~
~ ~ ` G' 1 '~~r.~~' ( Seal )
~ ~ ~E~°; pacF r~i ~ S '
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~ ~~7 (Seal) ~
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