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MORTGAGE NOTE
Amount of the Note: $x,000,00 Date of Note: August: 10, 1979
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ity Dom: 1t1dtC ~8 A b~100[1 pA~ Of $ 13, 283.75 ~ rbVBltbE~t 10, 1996
InNrest Rate: 10.5a~
InNrest Period: From the dab hereof through December 10, 1979
Amortization Period: From the date after the Interest Period r
. to the Maturity Date.
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Instalment Payment: $279.55
First Instalment Payment Date: December 10, 1979
The Payee: ~ BAIL ~ IiyCIE ~q -
Address: P.0. Brnc g, 111 O~ra~ge Av~a, Fort Pierce. Florida 33450
FOR VALUE RECEIVED, the undersi~~ed and if Hare thsn,a~e, jointly and
severally (the Maker) , cbes her~? ewensnt and promise b pay b the order of
the Payee, or to its successes er assigns, at its principal office, or aR such
other pica as the Payee ~ designeie M tie Maker in writing frown tiaAe b time,
in legs) tencNr of the United Stalls, the Amewnt of the Nova or so much thereof ss
may be advanced (the Principe) Amounts byr the Payee pursuant b a aaistruction
loan agreement or loan oonm+itment, between the Maker and the Paya, ~ogstMr
with Mterest at the Interest Rage on the unpaid balance of the Principal Mavnt.
During the Interest Period interest from the date of each advsna, st the
Interest hate, shall be payable wiattl~ly en the first day of the month following i
the month in which the first advance is wtade end on Nte first day of each wienth
thereafter; during the Amortiastion Period agwl manthiy instalw~ents, each in the
smount of the Instalment Payment, the first such Insialrnent Psyment to be made on
the First Instalment Payment Date and subsequent Instalment Payments on the first
day of esch month thereafter until the Maturity Date whereupon the entire, unpaid
bsiance of principal and interest accrued end unpaid thereon shall become due and
payable; esch such instalment when paid shall be applied first to the payment of
interest on the unpaid balsnce st the interest Rate and the remainder thereof to
payment on account of principal. .
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_ If interest or any Instalment Payment shall not be paid when due, then the
entire principal sum end sccrued 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 Isle charge not b exceed two cants for each one dollar of each
Instalment Payw~ent not paid when due b reimtx,rse the Payee for expenses of ser-
vicing delingwnt InstaMnent Paywents. Failure b exercise Y~ase options shall not
constitute a waiver of the right b exercise ~e same in the event of any subset
h~ default. ~ 1
-n it is further sgreed that the Maker end each endorser, surety, guarsntor, i
T jointly and severally, shell pay alt costs of collection of this Note, including a ~
F""~ reasonable attorney's fee, including sli costs, expense: and atbrney's fees far any ~
retrial, rehearing or appeals, on fsilure to pay any instalment Payment or sny j
sccrued interest due hereunder on the dw date thereof. This Note end sll sums due
_ hereunder shall beer interest at the highest lawful rate of interest per annum in
_ the State of Florida from the date when the principal and accrued interest undue