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Home My WebLink About0772 t;i?R'l'(:AGE \U'f~ ~'i:I\CIPAI. ~L`tOU~T: $4,8U0.oo Mn~cu~ttlY u~~1~• July_ L'? , 1990 .`~':~~itTl"LA'1I0~ YERIOD: 1'welve years (12)Monthly I~S'fAl.r1ENT PAYhiENT: Monthly--$53.3U , I;~ST il~STt~L~IEVT I'~~1~lEN'r UA'1~:Au;;u:;t_12,1978 D:\TF. (~F NUTE: ~uly 12 , 1978 I.`:"Ci:R~:S'T Itr~iE: 8 l./2 % • - F~~;t V~\LI;E I~CEIVED, [he undersigned and if mc~re than one, jointly rincl severally ~r:ie ~fai:er), does hereby covenant znd prumise tv pay [o ttie order oE 1tAY*lOVD P. LEI~, a siRgle adult~ or to ~ccessors or assigns (collectively the Fayee) :~t L_. ~~rK. r ~~r+-t ~r~ i~ 3y so or such other ~lace cts the I'ay~e r~ay cl~sig~~ate to the Maker in writing from time to time, in legal tender ot tl~e t:niteJ States, the Principal amount together with interest at the Interest kate u~~ tl~e unpaid balanca af the Principal Amount. Tlie sums due and owing hereunder shall be payable during Che Amortization P~riod in equal monthly instalments, each in the amount of the Instalment f':~yment, the first such Instalment Pa;ment to be made on the First Instalr~ent i'ayr~ent Date and subsequent Instalment Payment on the first day of each month ttiPreafter until the I~iaturity Date whereupon the entire unpaid halance of principal and interest accrued and unpaid thereon shall become due and payable; ' each such instalment when paid shall be applied first to the payment of interest on the unpaid balance at the Interest Rate and the remainder thereof to payment on account of principal. The makers hereof shall~have a 30-day grace period. It any Instalment Payment shall not be paid when due, then the entire principaZ s~ aad accrued interest hereunder shall become due and payabie 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 dallar ~i€ each Instalment Payments. Failure to exercise these options shall not constitute a waiver of the right to exe~cise the same in the event of any subsequent default. It is further agreed that the Maker and each endorser, surety, guarantor, jointly and severally, shall pay all costs of collection of this Note, including a reasonable attorney's fee, 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 2awful 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 total interest payable hereunder shall not in any one year exceed the highest lawful rate of interest in the State of Florida. ~ Tnis Note is secured by a Mortgage, dated the date hereof, of proper[y situated in the State of Florida. Tne Maker agrees that it shall be bound by any agreement extending the time or c~odif}~ing the above terms of payment, made by the Payee and the owner or owners of the property affected by said Mortgage, whether with or without notice to the Maker, and the Maker shall continue liable to pay the amount due hereunder, but with interest at a rate no greater than the Interest Rate, according to the te~s of any such agreement of extension or ~odification. Tne unpaid balance of the Principal Amount, plus accrued interest ~hall h~cocse due and payable at the option of the Payee under the happening of an event by which said balance shall or may become due and payable under the terms of said :tortgage. This ::ote may not be changed orally, but only by agreement in writiiig, sigzied by the party against whom enforcement of any waiver, change, modificatic+n or disct~arge is sought. All parties to this ;lote, whether Naker, principal, surety, guarantor or enclorser, hereby waive presentment for payment, demand, protest, notice cif protest, and notice of dishonor, and expressly agree jointly and severally to remain and contin~e bound for the payment of the principa2 and intecesc provid~d Eor by the terms of this Note, notwithstartding any extension or extensions of the eime o£, or for the paymenc of said principal or interest, or any change or c:~anges in the amount or amoun[s agreed to be paid under or by May oC release ~r ~urrender or substitution of any real property and collateral or either held .as :;ecurity for this Note, and waive all and every kind of natice of such u:st~~n5ion or extensions, change or changes, and agree that the s~~me r~ay be made :riti~out the joinder of the Maker. This no[~ r~ay be pre-paid in full ar in pa t at an t-ime, with~~ut pen:iLty. i~~c.~ LS U R Q(~ I'4r1RK LYAr1 aJG!( ~~7V PA[~f 7~ L.S , DBE LYDA ~ ~ , - - - - - - - . ~ $ ` ` ~n _ _ s'~ . ~ _ ~ ~ ~ :`3