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MORTGAGE NOTE
Principal Amount: ~~-.,~n~.~~ Date of Note: Jan. 20, 1~73
Maturity Date: ~,eL~. l. 1988
Interest Rate: ~4 ~'j'u'''
Amortization Period: From the day hereof to Maturity Date. ~
Instalment Payment: ~:~r : o:._i.
First•Instalment Payment Date: xazch 2, 1?: ~
The Payee: st;:; c,i' s:. Ltc~L ~.~t:
Address: 11I ~~ranc~ ~venue, Fort Pierce. ~2a. ~33450
FOR VALUE RECEIVED, the undersigned and if more than one, jointly
and severally (the Makerj, does hereby covenant and promise to pay to the
order of the Payee, or to its successors or assig~s, at its principal office, or
at such other place as the Payee may designate to the Maker in writing from
time to time, in legai 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 herew~der shait be payable during the
j Amortization Period in equal monthly instalments, each in the amount of the
~ Instalment Payment, the first such Instaiment Payment to be made on the First
~ Instalment Payment Date and subsequent Instalment Payments on the first day
of each month thereafter until the Maburity Date wheret~on the entire unpaid
balance of principal and interest accrued and unpaid thereon shall become due
- and payable; 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 pri~cipal .
If any Instalment Payment shall not be paid when due, then the entire
principal sum and accrued interest hereunder shall become due and payable
~ at once or thereafter, at .he option of the holder of this Note. The Payee may,
at its option, collect a late charge not to exceed two ce~ts for each one dollar
of each Instalment Payment not paid when due to reimburse the Payee for
expenses of servicing delinquent Instalme~t Payments. Failure to exercise
~ these options shall not constitute a waiver of the right to exercise the same
in the event of any subseque~t default. .
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It is further agreed that the Maker and each endorser, surety, guar-
~ antor, jointly and severally, shall pay all oosts of collection of this Note,
~ including a reasonable attorney's fee, incfuding all costs, expenses and
~ attorney'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. This Note and all s~..:.~ due here~x~der shall bear interest at the
highest lawful rate of interest per_a~um i~ the State of Florida from ihe date
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~ when the principal and acc~ued interest under this Note shall 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.
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~ B~OK ~~7'. PacE ~55
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