HomeMy WebLinkAbout0275 ~
• . ,
' r,
(Permanent) • : ~ ~1...~
MORTGAGE NOTE
Principal Amount: $20,000.00 - ' Qate of Note: 9/2/7? .
Maturity Date: 15 y~ars
Interest Rate: g~~ p~
Amortization Period: From the day hereof to Maturity Date.
Instalment Payment: =196.9b par sa~th
First Instalment Payment Date: Dec. 1, 1977 -
The Payee: SWi 871li1C a! 8T. I~1CIE OiOUM'SY
Address: 112 Oacaag~ l~v+w?w• roact pi~ra~. ~larida 33~50
FOR VALUE RECEIVED, the undersig~ed and if more than 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 designate to the Maker in writing from
time to time, in legal tender of the United States, the Pri~ipal Amount to-
gether with interest at #he Interest Rate on the u~paid balance of the Principal
Amount.
The sums due and owing hereunder shali be payable during the
' ~ Amortization Period in equai monihly instalmer~ts, each in the amount of the
j Instalment Payment, the first such I~stalment Payment to be made on the First
E Instalment Payment Date and subsequent instalm~t Payments on the first day
~ of each monih thereafter until the Maturity Date whereupon the entire unpaid
balance of principal and interest accrued and unpaid thereon shail become due
and payable; each such instalme~t 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 principal . ~
If any Instalment Paymer?t shail not be paid whe~ due, then the entire
~ principal sum and accrued interest here~der shail become due and payable -
at once or thereafter, at the option of the holder of this Note. The Payee may,
at its option, collect a late charge not to exceed two cents for each one dollar
~ of each instalment Payment not paid when due to reimburse the Payee for
expe~ses of servicjng delinquent Instalment Payments. Failure to exercise
these options shaii not constitute a waiver of ihe right to exercise the same
in the event of any subsequent defauit.
It is further agreed that the Maker and each endorser, surety, guar-
antor, jointly and severaliy, shall pay all oosts of collection of this Note,
~ including a reasonable attorney's fee, including all costs, expenses and
attor~ey's fees for any retrial, rehearing or appeais, on failure to pay any
ir?stalment Payment or any accrued interest due hereunde~ on the due date
thereof. This Note and ati sums due hereunder shail bear interest at the
highest lawfui rate of interest per annum in the Stste of Florida from the date
when the principal and accrued interest under this Nate shail be due ar~d
payable. The total interest payable hereunder shali not in any one year
exceed the highest lawfui rate of interest 1n the State of Florida.
aooK z76 ?,u~ 2~~ .
_ _ _ - . - = --._r_~_N