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MORTGAGE NOTE ~
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Date of Note: Jan. 2a, 1Q7g '
Principal Amount: ~
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Maturity Date: ; c• u y l~arc:~ 1-, 1u93
~ Interest Rate: ~ : annLL~
Amortization Period: From the day hereof to Maturity Date.
Instalment Payment: ~isl. Uc,
First Instalment Payment Date: ~ril 1, 1~7~
The Payee: . - - ' ' i:i . :
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Address: il] clr,in•:e :.~•c:.uc, iarl-. 'ri•_r:F-. :i.:. •z' -
FOR VALUE RECEIVED, ihe undersigned 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 5tates, the Principal Amount to-
gether with interest at the Interest Rate on the unpaid balance of the Principal
Amount. -s
The sums due and owing hereunder shall be payable during the
Amortization Period in equal monthly instalments, each in the amount of the
Instalment Payment, the first such Instalmerit Payment to be made on the First
I'' Instalment Payment Date and subsequent Instalment Payments on the first day
of each mo~th thereafter until the Maturity Date whereupon the entire unpaid
balarice of principal and interest accrued and unpaid thereon shall become due
and- payable; each such instalment when paid shail be appiied 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 .
tf 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 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 I~stalment Payment not paid when due to reimburse the Payee for
expenses of servicing delinque~t instalment Payments. Failure to exercise
these options shall not constitute a waiver of the right to exercise the same
in the event of a~y subsequent default.
It is further agreed that the Maker and each endorser, surety, guar-
antor, jointly and severally, shall pay all costs of collection of this Note,
including a reasonable attorney's fee, including 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 sums due hereunder shall bear interest at the '
highest lawful rate of interest per annum in the State of Florida from the date
when the principal a~d accrued interest under this Note shall be due and
payable. The total interest payable hereunder shall not in any one year
~ exceed the highest lawfui rate of interest in the State of Florida.
BCRK ~.C7~ PAGE
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