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~j1 that !f Mortgagor shall pay co mortgagee, it's successors, kgaf npraseota-
tiws a ast~% drat ProrrAssory Note, a Dopy of which 1s ut forth here:
i1i
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NOTE ~
1Sl.13~.60 DaM.. ?.4e X97.9 -
fit. Pie~oe Fkxida
i s.....
~ FOR VALUE RECEIVED. the undars~ned (referred to as "Maker". whether one or morel {anth? and sewraliy. proi~r
less to Day to fire order of Q711~x1C. k'~i~4.0~A~...CoxRa,T~.t~.AA. Atl~llat..AiEV~9AA. .
(who together wtth subsequent hokNrs of this note. Is referred to as holders, at 3~ A3.. Gx1~ ~tri>n.. Rd ~....~.ifiaid... ~1.
a such cltlnr place as Hoklsr may designate in writirp tM sum of .$.~.~kt~~.. ~ataAA;1d . QAf3..~ti~xf~ed . ~'h~xtjj. -
?''~Q4..lt, kR~~44-:'DOLLARS, payable in lawful money W the United Sates in.....1.19 oovr~cuaw +rwrrtAlrly -
installrtrsnb of i 4. esch, and tMal installment d i ~,~.6.. ~ ~ .............,on the ..~1...day ofed? -
month. commendng ,19 Z ~ ........................and oontinuirq thereafter untU this note a fully paid >
The Maker shah have the privilege to prepay this note In full before maturity. ff this loan is prepakf in fuN. or ff Holder ao•
ceterates the rrraturlty o/ the unpakf balance of this note as provided herein. the Maker will receive a rebate for any unsamed
interest according to the'sum of the digits" method Rebates of less than 11.00 will not be made. _
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In the event of the Makers defauR for ten (10) days or moro in making any payment due, Holder may assess a deiauff
charge equal to 596 of the unpadi amount of such payment. _
Holder may declare this note due and payable either. (i) when permitted under any security agreement or mortgage. now
or hereafter in effect. securing the repayment hereoF, upon the default in any payment required hereunder; or (sin upon the
' ' insolvency or bankruptcy of any maker, indorser or guarantor hereof. After maturity. this note shall bear interest at 1 tl96 per -
annum. In no event shah any Maker, indorser or guarantor of this note be obligated to psy any interest in excess of the -
maximum amount permitted by Florida law. Each Maker. Indorser or guarantor, lointy and severally: (q promises to pay aN -
oost d ooHectirq this rests, irrckrtfing a reasornaYble attorney's fee, whether Mx;urred in connection with collection trial appeal or
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otherwise; and (ii) waives presentment. demand, notice of dishonor and protest.
This note is secured by a Sat:aoIId mortgage of even date herewith covering the collateral more psrtk:ularly ' .
described therein.
This k>en is made pursuant to the rate provisions d Chapter 656, 687.12 and 494 of the Fkxida Statutes.
r Each_Maker_acknoadedges receipt -Qf 8_&qpy of_this note,-and. agrees to all of the rms conts _ herein.
Maker t~1 LLIAM .J. T TRAM (Seag -
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and will perform and comply with every stipulation, provision and condition of the note and of this mortgage
and shall pay all taxes which may accrue on the property and all costs and expenses which mortgagee, it's
legal representatives, successoa or assigns may be put to in collecting the note in /oreclosure of this mortgage
or otherwise, including reasonable attorneys fees. /n that event, this mortgage and the estate created by it
~ shall cease and be null and void.
,~lnd ~ttgnr ,P1~rr~~ ~nlluurs:
7. This is a ......$eGot?~ mortgage ?oan.
2. In the event any mortgage superior to that held by Mortgagee is delinquent or in arrears or other-
wise in default, Mortgagee may, at it's option, make all superior mortgage payments and/or cure the default
and immediately declare due the unpaid principal balance of it's mortgage to 6e payable on demand.
g~nx315 f~~.0~6