HomeMy WebLinkAbout0516 rtuK•r~~.~CB NUTE
,tIVI:CPAL :1.`lOUNT: $30,350.00 _ . ~
...1"i'GRITY It.1TE: August 1, 1983 ' ~ ~ ~
~ ',T(:R~ST It.4TE: 9x per annum ;
e:~!~~it'TIZATIUN Pl:RIOD: Five (S) Years
I..S'4'A1.3`t[:NT PAIME:IT: $6,070.00 payable aniiually ;
1:;5T iNSTc1Li`IENT PAYME:3T DATE: August 1, 1979 ~
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~.~.\'1'F. OF NOTE: August 1, 1978 ~
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V:1LUE RECELVED, the undersigned and if more th:,n one, jointly and s~verally (the.rtaker),
.1,3~.s hereby covec~ant and promise to pay to the order c~t OSCAR K. .lOIiNSON, .zs TrusCee, or to ~
i~is successors or assi&ns (collectively the Payee), at 1428 East Atlantic Baulevzrd, Pumpano ;
:~~~.~ch, Florida 330b0, or s~ich other place as the Payee may designate to the Maker in writing ;
;rv:u ti,ve to ti~e, iu legal tender of thc United States, the Principal Anwunt tugether with =
~n=~rest at the Interzst Rate on the unpaid bal~nce of the Princlpal Amount. ;
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.'t« sums due znd owing hereunder shall be payable ~turing the Amortization Period in equal ~
.~ezual instalments, each in the amount of the Inst3lment Payaient, the first such Instalment ~
i~~}-ment Eo be made on the First Tnstalment Payment Date and subsequent Instalment ~ayment on
tt:c, first day of August of eaFh year thereafter un[il the Maturiry Date whereupon th~ entire ;
t,npaid balance of principal and interest accrued and unpaid thereon shall become due and i
~~c~ylble; each such instalment when paid shall be applied first to the payment of interest on
t:te ~~npaid balance at the Interest Rate and the remainder thereof to payment on account af
principal.
If :tny Instalment Payment shall not be paid when due, then the entire principal sum and
~~•,:rued interest hereundeY shall become due and QayabZe at once or thereafter, at the option
t~iz hol3ar of this Mote. The Payee may, at his option, col2ect a late charge not to
e~cceed two cents for each one dollar of each Instalment Payment not paid when due to re-
i:nburse the Payee for expenses of servicing delinquent Instalment Payments. Failure to
c~;ercise these options shall not constitute a waiver of the right to exercise the same in
ti;e even[ of any subsequent default.
I~ is further agreed that the Maker and each endorser, surety, guarantor, jointly and
~~~t-erally, shall pay all costs of collection of this Note, including a reasonable attorney's
i~~, on failure to pay any Instalment Paymznt or.any accrued interest due hereunder on the
ct:.~a date~thereof. This Rote and a11 sums due hereunder shall bear interest at the highest
i:?wEul 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
i~~ccunder sha21 not in any one year exceed the highest lawful rate of interest in the State
f Florida.
~:;,is rote is secured by a Mortgage, dated the ~~ay of August, 1478, of property
;it~iated in the State of Florida, consisting of rea l property situate in St. Lucie County,
~ iorida. '
`taker agrees that he siiali be bound by any agreement extending the time or modifying
~i:L above terms of payrtcent, made by the Payee and the owner or owners of the property
:t~f~cted by said Mortgage,~whether with or without notice to the Ma'{er, and the ~la'~er~ sha11
~c,.~tin~e liable to ~ay the anount due hereunder, but c~ith interest at a rate nu greater than
r'.~~ Iaterest Rate, according to the terms of any sLch agreement or extension or modification.
~i1e unpaid balance of the Principal Amount, plus accrued interest sNaZl become due and
2,:~;~able at the option of the Payee under the happening of an event by which said balance
-:~a11 or may become due and payable under the terms of said-Mort~age.
Chis I3ate raay not be changed orally, b~t or~ly by an agreement in writing, sLgned by the
u-~rty against whom enforCement of any waiver, change, modification or discharge is sought.
:'.?1 parties to this :~ote, whether Maker, principal, surety, guarantor or endorser, hereby
~.:~cive~nresentment for payinent, denand, protest, natice of protest, and notice af dishonor.
,:r~J e~:pressly a~;ree jointly and severally to remain and cantinue baund For the paycnent of
~i~~ principal and interest provided far by the terms of this Note, notwithstanding any
:,y*~n~...n~ ~f the ti~ae of , or fur the payment of sa id Pr.in~~ipal or interest,
~~r ai~y cnar.,;~ ~r. ch~;ng~s in the amounC or arnounts agreed to be paid uncier or i~y w~,y c~
;-`l~ase or surr~n~er or substitution oE any real property and coll~?t~ral or etther held as
>~curity fnr this Note, and waive all anJ every kind of notice oE :;uch e:ct~nsion or
.•r.t.~n~;ions, ~ti~n~ e ~r changes, and agrae that the same may he r:?ade wi thaut the jo inder of
;,~-~ti~~r.
~'ri :~il~~e ~~s {?r_~.~yment in uhole ~~r in part at :iny Lime with«ut j~e?i:~ir}~ i:: h~~reby ;r~~nt~~d.
/s1__ Joseph Strazzulla _ _ _<<• • ~ • ~
J~~s~ph. 5t r:~ zzu 1 I:i
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