HomeMy WebLinkAbout0960 ~ , TNE PRUDENTIAI INSURH~i~E f0. ~
~ ~ OI AYfR~CA
~ ~ • . iLf:111pA 1~CA1 1lTAT[ Ivv1ltM(NT O?~I:[
i
O. fl07I ? 1 ~O
JAtK50NY1lLE. flOa~OA 3220!
, . ' , . ,
. • i
_ ~ June 2S~ 1976 ,
Cator Crove~, a Geaeral Partncrship ~ _ ' , ;
1900 Old Dixie Highway ' ' • " '
Fort Pierce~ Florida 33450 ~ . . _
~ . `1
- -
Ret Application No. S 1S8 26S
t , . ' ' _ - ~ ' • i
. " - ~i
• . . a . i
~ _ . . . ` ~
. CilA~ll~CIII ~ ' ~
'i
4
~ie aTe pleased to inform you that~ based upon your application~ we s=e~
authorized to iasue thia commitment for a firat roortgage loan on ttie
fQllowing tenns and conditions: _ . ~
. - . -
1. Ainouatt $640,d00; Termt 10 Years: Interest Ratet 9 1/47G :Z
_ .
.
I~ 2. Inteteat payable aanuallq begiiming July 10, 1977. Principe?1 'i
~ paymeat in the eaount of $30,000 payable annually begiaaing ' ~ ;
` Julq 10~ 1977.
~ 3. The prepaytneat privilege ahich muat appeaY in Lhe note is sa folloWst ;
.F
~ Privilege is reserved to make additionai paymenta oa the princigal ~
~ of this indebtedne~s in aians of $100 or crultiple~ thereof on any '
date ~hen interest becoaaes due and a able rovided hoWever that "
P Y i P . • :t
the a~unt so p~id during any year ~:~ai~~ at an anaiversazy of the
date fr«a whish interest accrues hereundet, added to obligetory s
prineipal payr.tients~ if any~ f:,lling due within such one yenr peried, ~
~ shnll not exceed ene-fifth of the principal sum payeble undar the ~
tes~s of thts instr~aent. ~
~ After five yeara froa date of ~nortgage, peyrsent in full of this >
4 indebtednesa ciay be c~ade on any iaterest due date if ihere i~ ;
} also paid a prepayaent consfdezation of 9 1/4Z of thst past of
~ ~ suth p~~...~..zt ia €ull w:~~ch rxceeds the e~ount that ~y Le paid~ .
¢ at the ti~e of such peyment~ aithout psepayraent eonsideration.
~ Additional pey~?ents made under the textas of this privilege shall
~ st eny time thereefter, upon the uritten reque~t of ihe o~+ner of
f -
~ ' , ~
~ r • J ~ i
~ ~ ~ ` ~ . • - ~
~ c~ :
~ ?"_t PAG~ ~
s f
: i~
~ ~
k
3 _ _ .