HomeMy WebLinkAbout0068 . . • ~
. (Permane~t) • i . ~ ~ ~i. ~ _ t- ~
MORTGAGE NOTE ~
Principal Amount: =~0,000.00 Date of Note:
Maturity Date: Z~;y=y~=p l0i 19e! _ . -
Interest Rate: 10~ .
Amortization Period: From the day hereof to Maturity Date.
instalment Payment: g429.85 ~
First Instalment Payme~t Date: ~b 10, 1999 ~
The Payee: 8yq Sit~ OL st. I.1io3+~ COUSity .
_ P.~ O. Don O -
Address: lo~tt Piro~ ~ llo~cida 3345~
FOR VALUE RECEIVE~, the undersigned and if more than one, jointiy .
and severally (the Maker), does Mereby covenant and promise to pay M the .
order of the Payee, or to its successors or assigns, at its principal office, or
at such other piace as the Payee may designate to the Maker fn 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 balance of the Principal
Amount.
The sums due and owing hereunder shall be payable during the
Amortization Period in equal monthly i~stalments, each i~ the amount of the
Instalment Payment, the first such Instalment Payment to be made on the First
~ Instalment Payment Date and subsequent Instalment Payments on the first tiay ~
of each month thereafter until the Maturity Date where~on the entlre unpaid
,
balence of principal and interest accrued and-unpaid thereon shali become due _
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 instalment Payment shali not be paid when due, then the entire
principai sum and accrued interest hereunder shall become due and payable
at once or thereafter, at the option of the hoider 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 servieing delinquent instaiment Payments. Failure to exercise
these options shall not constitute 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 e~dorser, surety, guar-
~ antor, jointty and severaliy, shail pay aii oosts of coliection of this Note,
~ ~ -
~ including a reasor~able attorney's fee, including all +costs, expenses and
~ attorney's fees for any retrial, rehearing or appeals, on failure to pay any
~ lnstalment Payment or any accrued interest due hereunder on the due date
~ - thereof. This Note and all swns due hereunder shall bear interest at 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 shali be due and
payable. The total interest payabie hereunder shail ~ot in any one year
exceed the highest lawful rate of interest in the State of Florida.
t ~
BOOK PACE ;
- - -
- - - _ -
_~.~r: a~~. - . . - - - .~~"p
~ '
,Ij. ~ : i,
a
u~
~ #o ! ~ ~ ~
, . . _s~,,.~