HomeMy WebLinkAbout0972 .
~ WRAP-AROUND NOTE
$30,500.00
, ;
Fort Pierce~ Florida, January 10, 1979~. ~
;
For value received, I or we~ ~ointly and severally promise to pay
to the order of IRENE H. REESE ~}tbLlCx3~i~ti[,
For~ Pierce, Florida
THIRTY THOUSAND FIVE HUNDRED AND NO/100------($30~500.)-----DOLLARS~
at P.O. Box 3718, Fort Pierce, Florida. or as designated by payee;
in 300 monthly installments of $321.86. The first installment to
become due and payable on or before the lOth day of February. 2974~
and one installment to betome due and payable on or before the lOth
day of each succeeding month until the whole of said indebtedness
is paid. including interest from date at the rate of 9.3/4% per annum.
. ;
If any installment of this note is noC paid at the time and
place specified, and such default continues for 25 days, the entire
amount unpaid shall be due and payable at the ~lection of the holder
hereof. All parties hereto. whether makers, endorsers, sureties,
guarantors.- or otherwise~ hereby waive demand, notice and protest.
If placed in~the hands of an attorney for collection, we ~ointly
and severally agree to pay reasonable attorney's fees, including
appellate proceedings. _
Each installment shall first be applied in payment of_the ~
interest and then on the unpaid balance of the prf.ncipal sum.
This note may be prepaid in whole or in part at any time without
penalty.
(a) This is a"Wrap-around" note, i.e.. a portion of the principal ;
amount of this note is represented by the unpaid balance of principal
of that certain first lien promissory note dated Jul 30 1976
executed by ANTHONY KLERK and MOIRA.KLEKR, his w e, an paya e~
to the order of CITIZENS FEDERAL SAVINGS AND LQAN ASSOCIATION OF ST. ~
LUCIE COUNTY, in the original principal amount of $13,500.00. ~
- - ~
(b) Maker shall make payment direct to Payee. Payee agrees to ~
pay all of the installments of principal and interest payable under ;
the first note before the same becomes due and payable. In the event ~
that any installment of principal and/or interest payable under the ~
first note is not paid when Che same becomes due and payable~ maker
shall have the right (but shall not be obLigated) to pay such installment :
payable under the first note as it becomes due and payable and to apply =
any such payment so made (plus an amount equal to interest at the highest ~
Lawful rate on the amount of such payment from the date of payment by
maker to the date the next waturing installment of interest is due under ~
this note), as a credit against the next maturing installment of interest
due hereunder in the direct order of their,maturity. ~ , ~
. {
r / / ' -
~ /
~ ~ , G ~ ~ /
~ '
~ ~ / '
gco~ew1 fAGE 972
f~N ..rVI if f~ ~'1 ~ti~ Ii',kll p~\1~! 1~ 'li . 1' 7~M~ ~IH(•I~t1 .\~1 ~11~.. ~I ITi. In1-rl \ H~\N Itilx... F(. 1•It:{d~F. Ft~~Rlf~\ '1~.41:~~ '•u~S', l~.R-L'~~'rr
. ~ ~ - .
~ '
~ ~m,~',~-t.~~ ~ k . ;
~ ~
`
,.~~~=~~.~_,~~~sf
_ ~ ~~~e~_ ~