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MORTGAGE NOTE
$67,450.00 Ft. Pierce, Florida June 23, 1979 ;
For value received, the undersigned promises to pay '
to the order of Robert R. Anderson and Cathryn M. Anderson, ;
his wife, hereinafter designated as the payee, the principal ;
sum of $67,450.00 with interest thereon from date, payable ~
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annually at the rate of nine (9$) percent, per annum; the ~
interest and principal of this note payable in two hundred ~
and forty (240) monthly installments as follows:
Beginning on the lst day of August, 1979,
the sum of SIX HUNDRED AND SIX and 87/100
Dollars ($606.87) and the same amount
on the same day each and every month f
until the entire amount due under this
note or the Mortgage securing same is
fully paid.
The afor•esaid principal and interest payments are to be
applied first to interest at the rate aforesaid due upon the
principal sum or so much thereof as shall from time to time
be outstanding and the balance of each payment shall be
applied on account of principal. -
All installments of interest and principal are payable
to holder at such place as the holder hereof may designate
in writing, in lawful money of the United States of America.
If any of said installments of interest and principal shall
not be paid when due and shall remain unpaid for a period of
fifteen (15) days, then the entire_principal sum and accrued
interest shall become due and payable, without notice, at
the option of the legal holder of this Note.
The payee of this Note shall be permitted the following
prepayment option on thirty (30) days prior written notice
to the legal holder of this Note:
Payee is granted the right, at any time or
times hereafter, if not in tiefault at that
i time to anticipate and prepay in full, with-
R out penalty, the principal sum remaining
i unpaid.
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~ It is further agreed that the maker shall pay all costs
! of collection, including reasonable attorneys' fees on
~ _ failure to pay the principal of this Note or any interest
~ thereon upon maturity. ~
~ This Note is secured by a first mortgage of even date
~ herewith made by Earl L. Bessent and Gwendoiyn G. Bessent,
~ his wife, as Mortgagor to Robert R. Anderson and Cathryn
~ M. Anderson, hiw wife, as Mortgagee, and secured by real
i property in St. Lucie County, Florida, as described therein.
~ The principal sum and accrued_interest thereon, evidenced
~ by this Note, may be declared due and payable at the option of
- the holder of this Note upon the happening of any default or
; event, by which, under the terms of the Mortgage securing this
~ Note, said principal and interest sum shall be due and payable.
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~ WI~t~1ESSES
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Earl L. Bessent, hus an
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j ` . wendolyn G. e sent, w fe
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