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MORTGAGE NOTE ~
Principal Amount: ~~,,Sno.no ~ate of Note: ~~~r~~~ 2~~~,
Maturity Date• ::p~ril 1, 1~3~3 ~
Interest Rate:
_ : t..:r ann•sa:
Amortitation Period: From the day hereof to Maturity Date.
Instalment Payment: $17~.~5 icr ~+ont?~
First Instalment Payment Date: `~3~• i, _
The Payee: sL:+ :3::_r~, oF ST. LUCI~ .:v~::""!
Address• 111 ~~~rar.c;e Avenue, Fort Picrcc, i'ia. 33950 ~
FOR VAI.UE RECEIVED, the undersigned ~and if more than one, jointly
and severally (the Maker), does hereby covenant a~d 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 legal tender ot the U~ited States, the Principal Amount to-
gether with interest at the Interest Rate on ihe unpaid balance of the Principa!
Amount.
' The sums due and owing hereunder shall be payable during the
; Amortization Period in equal monthly instalments, cach in the amount of the
E lnstalment Payment, the iirst such Instalment Payment to be made on the First
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; Instalment Payment Date and subsequent Instalment Payments on the first day
of each month thereafter until the Maturity Date whereupon 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 ini~rest 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 cents for each one dollar
~ of each Instalment Payment not paid when due to reimburse the Payee for
expenses of servic~~g delinquent Instalment Payments. Failure to exercise
these options shall not constitute a waiver of the right to exercise the same
in the event of ~:ny subsequent detault.
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It is ~urther agreed that the Maker and each endorser, surety, guar-
antor, joinily and severally, shall pay all costs of collection of this Note,
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~ 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 acc~ued- 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 and accrued interest under this Note shall be due and
~ payable. The ~ota~.int~re~~~pte hereund~r shall not in any one year
~ exceed the higfic~~laM~l Mterest ir~ thE• State of Florida.
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