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HomeMy WebLinkAbout0304 ~ii~kTCn~~t. ho~r~ ~ PRINGIPAl..1,`lOUNT: $15,000.00 M~TUKITY UATE: January 2, 1981 ~ :L`:UR'fIZATIO~i PERIOD: 2 ye~Zrs I~TER~ST PA~iMENT: $1,500,00 annually FIhST INTEREST PAY:tEhT DATE: J~nuary 2, 1980 D~1TE OF NOT~: January 2, 1979 I~ITEREST RATE: l0y FOR VALUE RECEIVED, the undersigned and if more than ane, jointly and severally (the Maker), does hereby covenant and promise to pay to the order of EDGAR A. BROWDI artd BARBARA LEIN BROIJN, his wife, or to their successors or assigns (collectively [he Payee) at 2021 South Indian River.Drive, Fort Pierce, Florida 33450 or such uther place as the Payee may designate to the Maker in writing from time to time, in legal tender of the United States, the Principal amount together with interest a[ the Interest Rate on the unpaid balance of the Principal Amount. The sums due and owing hereunder shall be payable 1W0 YEARS (2) from date hereof, with interest on the unpaid balance payable in annual installments commencing One Year (1) from date hereof and con[inuing on the like day of each year thereafter until principal and interest are fully paid. ~ If any Interest Payment shall not be paid within fifteen (15) days of its due date, then the entire prineipal 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 Interest Payment. Failure to exercise these options shall not consitute a waiver of the right to exercise 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 Interest Payment 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 accured 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 interes[ in the State of Florida. The highest lawful interest rate under this note is Ten Per Cent (lOX) per annum. This Note is secured by a Mortgage, dated the date hereof, of.property situated in the State of Florida. ~ ' The Maker agrees that it shall be bound by any agreement extending the time or modifying 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 ' .ta~cer, and the Maker shall continue liable to pay the amount due hereunder, but with ~ interest ae a rate no greater than the Interest Rate, according to the terms of any ; such agreement of extension or modification. ; i The unpaid balance of the Principal Amount, plus accrued interest shall become due and payable at the option of the Payee under the happening of k an event by which said balance shall or may become due and payable under € the terms of said Mortgage. 4 F This Note may not be changed orally, but only by agreement in writing, signed by ; the party against whom enforcement of any waiver, change, modification or discharge ~ is sought. s ~ All parties to this Note, whether Maker, principal, surety, guarantor or endorser, § hereby waive presentment for payment demand ~ , , protest, notice of protest, and ~ notice of dishonor, and expressly agree ~ointly and severally to remain and continue ~ bound for the payment of the principal and interest provided for by the terms of ~ r this Note, notwithstanding any extension or extensions of the time of, or for the payment of said principal or interest, or any change or changes in the amount or ;a amounts a~reed to be paid under or by way of release or surrender or substitution of ~ any real property and collateral or either held as security for this Note, and waive ' all and every kind of notice of sueh extension or extensions, change or changes, and ~ agree that the same may be made without the joinder of the Maker. x ' I ~ The Maker shall have the right to j7~ t' prepay any part or all of the unpaid ~~:.~/~'~"Z•~ /'-~t'/ 4'~"~ LS r--- ~ principal at any time beEore duc ~J, i),AVID RIC~HI}-'SOJY _ ~ - wi[hout payment of prcmium therefor. ` ~~r~~~,f~ ( r//"~_-'?~! ,1.._-~L{~-~--~ ~ ' S~ YATf:S •"KICtIESUN ~ ~ ~ ~ go~K 301 F~; ,F 304 ~ ~ . ~ : - - ~ ~ ~ "x=~ ~ ~ > ~ - ~,as~ ~Ka°~.« , ~~'~'~#y ,,,~,t _ y a ~ F ,u. ~.._....~._....a.-~ti..._u._ti..