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(Permane~t) . . ' ! ~
MORTGACE NOTE
Principal Amount: 525,000.00 Date of Note: Sept. 6; 1977
Maturity Date: . 15 years
Interest Rate: 8~s per annumn
Amortization Period: From the day hereof to Maturity Date. '
Instalment Payment: $246.19 par eaath
First Instalment Payment Date: November 1, 1977
The Payee: HvN BANic Op' sT. IACZE ~ovN't'Y
Address: ~ 111 Orange Ave., l~ort Pierce, Fla. 33d50 _
~ FOR VALUE RECEIVED, the undersigned and if more than o~e, jointly
and severaily (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 writing from
. time to time, in tegal tender of the U~ited States, the Principal Amour~t to-
gether with interest at the Interest Rate on the unpaid balance of the Principal
Amount.
The sums due and owing hereunder shall be payable during the
Amortization Period in equal monthly instalments, each in the amount of the
' instaiment Payment, the first such Instalment Payment to be made on the First
~ Instalment Payment Date and subsequent Instaiment Payments a~ the first day
~ of each month thereafter until the Maturity Date wheret~on the e~tire unpaid
F balance of principat and interest accrued and unpaid thereon shail become due
and payable; each such instalment when paid shail be applied first to the pay-
mer~t of interest on the unpaid balance at the Interest Rate and the remainder
thereof to payment on account of principal .
if any instaiment Payment shall ~ot be paid when due, then the entire
principal ,sum and accrued interest hereunder shati become due and paysble
~ at once or thereafter, at the option of the holder of this Note. Ttu Payee may,
at its option, coltect a late charge not to exceed two cents for esch one doliar
of each instalment Payment not paid when due to reimburse the Payee for
expenses of servicing delinquent Instalment Payments. Failure to exercise
these options shall not constitute a waiver of the right to exercise the same ~
$ - in the ever~t of any subsequent default. ~
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~ ~ it is further agreed that the Maker and each e~ciorser, surety, guar-
antor, jointly and severaily, shatl pay all costs of collection of this Note,
~ including a reasonable attorney's fee, including all costs, expenses and
att4rney's fees for any retrial, rehearing or appeals, on failure to pay any
instalment Payment or any accrued interest due hereunder on the-due date
thereof. Thls Note and ali sums due herew~der shall bear interest at the -
highest lawful rate of interest per annum in the St~te of Fiorida from the date
when the principal and accrued interest under this Note shafl be due and
payable. The total interest payable hereunder shall not in any one year -
exceed the highest lawful rate of interest in the State of Florida. ~
eoo~275 P~ 284