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MORTGAGE NOTE
Principsl Amount: Oate of Note: ~Y ~9, 1977
Maturity Date: 10 yws~
Interest Rate: ~ . 9~1 p~s anius
Artwrtization Period: From the day hereof to Maturity Date.
Instalment Payment: =51.76 p~ ~tb _
First Instaiment Payment Date: ~s 1. 197~ _ -
The Payee: ~ eanl~ o! st. I~wi+~ Oamty
Address: ' 111 Oacan~ ~ir.. ~bst pi~sa~. ~ 1?los~a 33~50 .
FOR 1/ALUE RECEIVED, the undersign~ and if more than one, jointly
and severally (the Maker), does hereby covenant.and pranise ~o pay to the
order of the Payee, or to its successa-s or assi~s, at its principal affice, or
at suGh other place as the Payee may desigrsate to the Maker in writing from
time to time, in legal tender af the United Staies, the Principal An~our~t to-
gether with interest at the Interest Rate on the unpaid balar~ce of the Principal
Amount. ~
' Tfie sums due and owing here~mder shall be payable during the
un
~ Amortization Period in equaf monthiy instalments, each in the amount of the
f lnstaiment Payment, the first such Instaiment Payrnent to be made on the First
. instaiment Payment Date and subsaquent Instalment Paymer~ts on the first day
` of each month thereafter until the MatUrity Date whereu~~on the entire unpaid
~ balance of principai and i~terest accrued and unpaid thereon shali become due
and payable; each such instalm~t when paid shail be applied first to the pay-
ment of tnterest on the unpaid balance at the Inte~-est Rate and the remainder
thereof to p~yment on account of principal . •
: If any Instalment Payment shaU not be paid when due, then the entire
principal sum and accrued interest hereunder sha{I become due and psyable
at once or thereafter, at the option of the holder of this NoLe: The Payee may,
at its optton, collect a iate charge not to exceed two cents for eech one dollar
of each Ins4alment Payment not paid when due b~ reim6urse the Payee for
expenses of servicing delinquent instalment Psyments. Failure to exercise ~
these options shali not constitute a waiver of the right to exercise the same
_ in the event of any subs~equent default.
~ It is further a reed that the Maker and each endorser, sure , usr-
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an~or, jo~ntly and severally, shall psy all aosts of collection of this Note,
~ including a ~easonable attorney's fe~, includir~g ali oosts, exper?ses and .
attorney's fees for any retrial, rehearing or appeala, on failure tiu psy any .
instatment Payment or eny accrued interest due hereu~der on the due date
there~f. This Note and all suns due hereunder shall bear interest st the
highest lawfut rate of interest per annum in the StBte of Florlds from the date
when the principal and accrued interest under this Note shall be due snd
payable. The total interest payable hereunder shsli not In any one year ~
exceed the highest lawful rate of interest in the State of Florida.
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