HomeMy WebLinkAbout0573 ~o ~aue and to ~totd f'it• ,nrur luy:~l~uv wit~~ 1~~~~ INn~~m~~nfs. I~rnv~ifun~Nnls a~~~~ appwfp
~uuir~~s I~u•n~fu ~~~•~~~~~gir~ry. ~nu~ 1~~~~ n~nts, issurs an~~ pru~ifs I~i~•rru~, unlu I~~t~ muityayN~. in ~vp simp(p.
{ ~n~ 1~~~~ murfga~~or ~ uri~nonfs u~if~~ I~~i~ murl~~ni~~~~ I~ial 1{~N morii~n,ryor ~s ii~~~~•~~•usi~~~y sr~_r~~ o~ saic~
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E sni~~: I~~at tl~~• murl~~a~~ur ~ri~~ mu~~ suc•{~ j~ull~t~r ussuranrrs to pi~rfei•1 Ihp'PP simp~e lif~e fo sait~ ~a~~~ ert Ihe ;
murf,ya~~~•~ as m~iy rrnso~~al~~y I~e re~luir~~~: fh~l f~e ntorf~~nyor {~ereby ~u~~y u~anants the til~p lo sai~ lant~ '
an~l u~ill ~1~~/~•n~l tl~~ same a~~ainst tl~e laio(u~ edaims c~~ al~ penons u~{~omsoei•er: anc~ 1{~at sai~ ~an~( is jIPP ;
~~?~d ~~fl ~•?„~~~~~1~~~~~~-~~ except taxes accrui ng subsequent to December 31, 1975. ~
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~ S 12,500.00 . _ Vero Seach,. Florida, July 20 , t9 76
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~QX ~~2IlUe ~~ftPibCl~ the undersi9ned jointly and severally promises to pay to 1hs order ~
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oF COhU4ERCIAL BANK OF YERO BEACH, a Florida banking corporation, ~
the principal sum of Twelve Thousand. F.ive Hundred and no~100 Dollars (S 12,500.00
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~ - togelher with interest thereon from date a1 the rate of 9.25 per cent. pe~ annum un~il maturity,
~ said inlerest bciny payable monthly on the 22nd . day of eath and every month both principal ~ ~
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~ , and interesf being payable in lawful money of the United States at . ~,.,r ~
E ~ P. 0.. Box 2767, 601 -~1 st Street, Yero Beach, . _Flor~da. `a
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~ or a1 such olher place as the holder hereof may designate in writing. Principal and interest payable in install- 3
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; : ments of One Hundred Sixty and 05/100---=---------------------- Dollars, (=160.05 ? ~
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i each on the 22nd day of each and every month, beginning on the 22nd ~y oF August ~
~ 19 76 , and continuing until said principal and interest have been paid. Each installment payment shall be y:~~
~ credited first on the interest then due; and the remainder on principal; and interest shal) Ihereupon tease upon *
~ the princ~pal so credited. ;
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This note shall be payable in monthly installments of 5160.05 each, as stated
~ above, for a total of 59 monthly payments. On the date of the 60th payme~t, the ~~~Y
~ , entire balance due and payable hereunder shall become due and payable, this being y~ ~
~ a BALLOON MORTGAGE with the entire balance due five (5) years from the date of `3
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d i sbursement of thi s 1 oan. ~
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~ The Makers reserve the right to prepay in whole or in part any sums due
~ - hereunder wi thout penal ty.
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- Each maker and sndorser severally r+aives demand, protest and notice oF inaturi~y, non-payment or prolesl and all r~- ~
x; , quirements necessary to hold each o( lhem liable as makers and endorsers. ` ~
- Each make~ and endorser Eurther agrees, joinAy and severally,to pay all cosls of collection, includiny a reasonable attor- ~ ~
~ . ne 's fee in case the rinci al oF fhis note or an a ment on the rinci I or an interost thsreon is not aid at the res tive i• •
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~ ma~ur~ty thereoF, or in case i1 becomes necessary to protect ths sewrity hereo(, whelher suil b~ broughl or nat.
lhis note and deferred intere:t payments shall bear interest at the rate o( 9.25 per cent. per annum from rt?aturity y'~~~
= unli) paid ~s ~
- This note is secur. ' by a first morlgaye of even date herewith and is ~o be construed and.en(orced accordiny to the laws ~;J'r
~ o( the State of Florida; upon default in the paymeM c( principa) and i or inlerest when due, the whol~ sum o( principal and
int~nst r~rt?ai~iny unpaid shall, st th~ option of the hold~~, becom~ immediately dus and payable.
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