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(Permanent)
MORTGAGE NOTE
Principat Amount: a10,000.00 Date of Note: S~~'~1. 1977
Maturity Date: 15 yeara
interest Rate: S 3/ds puc aama .
Amortization Period: From the day hereof to Maturity Date.
Instaiment Payme~t: $99•9S p~c ~th
First Instalment Payme~t Date: 1, 1977
The Payee: St~l A~11~ 0~ ST. LtlCiB OOtJ~1R
Address• p• O. Hwc 8, ~'art Pi~rc~, Fla. 33450 -
~ 111 oocan4~ 1~vraw
FOR VALUE RECEIVED, the undersigned and if more tha~ one, jointly
and severally (the Maker), does hereby covenant and promise to pay to the
order of the Payee, or to its successors or assigns, at its principal office, or
at such other place as the Payee may desig~ate to the Maker in writMg from
time to time, in legal tender of the United States, the Principal Amount to-
gether with interest'at the Interest Rate on the unpaid balance of the Principal
Amount. '
' The sums due and owing hereunder shali be payable during the
~ Amortization Period in equal monthly instaiments, each in the amount of the
~ Instalment Payment, the first such Instalment Payment to be made on the First
~
! Instalment Payment Date and subsequent Instalment Payments ot~ ihe first day
~ of each manth thereafter until the Maturity Date where~on the entire unpaid
balance of principal and interest accrued and unpaid thereon shai~ become due
and payabie; each such instalment when paid shall be applied first to the pay-
ment of interest on the unpaid balance at the Interest Rate and the remainder
thereof to payment on account of principai .
If any instalment Payment shall not be paid when due, then the entire -
principal sum and accrued interest herew~der shall become due and payable
at once or thereafter, at the option of ttie holder of this Note. The Payee may,
at its option, collect a late charge not to e~cceed two cents for each one. dollar
of each Instalment Payment not paid whe~ due to reimburse the Payee for
expenses of servicing delinquent Instalment Payments. Failure to exercise ,
q these options shall not constitute a waiver of the right to exercise the same
~ in the event of any subsequent default.
~
~ It is further agreed that the Maker and each e~dorser, surety, guar-
antor, jointly and severalty, shall pay ail costs of coilectfon of this Note,
including a reasonable attorney's fee, inciudir~g all costs, expenses and
attorney's fees for any retrial, rehearing or appeais, on failure to pay any
Instalment Payment or any accrued interest due hereunder on the due date
thereof. This Note and all swns due hereunder shall besr interest at the
highest lawful rate of interest per annum in the SWte of Florfda from the date
when the principal and accrued interest under this Note shail be due and s
payable. The total interest payable hereunder shatl not in any one year ~
exceed the highest lawful rate of interest in the State of Florida. ~
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