HomeMy WebLinkAbout0314 (Permaneht) ~ ~~i ~ ~ ~
MORTGACE NOTE .
. Prlncipal Amount: =13t•000.00 . Date of Note: p~= Z~, 19~i
Maturity Date: pw~~fi1?~ Y~ata
Interest Rate: lOt-payabl~ qti~ast~s~jl
Arrwrtization Perfod: From the day hereof to Maturity Date.
Instalment Payment: 10! oi o~tt~t~dinq bal~
First Instalment Payment Date: D~O~b~= 19, 1979
The Payee: gyp ~k Ot L1lOie COYt1ty
~ ~ 111 Ozaaq~ ~?v~~ -
Address: lbst pi~l~0~~ ?10~c1di ~3~50
FOR VALUE RECEIVED, the undersigned and if more than one, jointly
and severally (the Maker), does hereby covenant and promise to pay~to the
order of the Payee, or to its successors or assigna, 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 of the United States, the Principal Amount to-
gether with interest at the Interest Rate on the unpaid balan~e of the Principal
Amount.
The sums due a ~w~g ~r~~r shall be payabie during the .
Amortization Period in 11'~ instalments, each in the amount of the .
i Instalment Payment, the flrst such Instalment Payment to be made on th Firs 9
~ Instalme~] t ment Date and subsequent Instalment Payments on
of each~Iq~thereafter until the Maturfty Date whereupon the entire unpaid
i balance of principal and interest accrued and unpaid thereon shall become due
i and payable; each such instalment when paid shall be applied first to the pay-
~ ment of interest on the unpaid balance at the Interest Rate and the remainder
~ thereof to payment on account of principal. -
~
~ if any instaiment Payment shall not'be paid when due, then the entire
~ principal sum and accrued interest hereunder shall beco~ne due and payable
~ at once or thereafter, at the option of the holder of this Note. The Payee may,
~ at its option, coilect 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 servicing delinquent Instalment Payments. Failure to exercise
~ these options shail not constitute a waiver of the right to exercise the same
in the event of any subsequent defauit.
: it is further agreed that the Maker and each endorser, surety, guar- ;
antor, jointly and severaily, shali pay all costs of collection of ihis Note,
including a reasonabie attorney's fee, fncluding all costs, expenses and ;
attorney's fees for any retrial, rehearing or appeals, on failure to pay any _ ~
Instalment Payment or any accrued interest due hereunder on the due date
g thereof. This Note and all sums due hereunder shall bear lnterest a! the '
~ highest lawful rate of interest per annum in the St~te 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 i~ any one year
i
" exceed the highest lawful rate of interest in ihe State of Fiorida. ~
BG~K~~ f~CE e7~~ '
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