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MORTGAGE NOTE
Palm Beach Count SEPTEMBER 18 ?9
s 100,000.00 Fbrido ~ 19
FOR V/LLUE RKEIVEO, the undersigned, jointly and severally, promise ro pay to the order of First Ame ican sank of
Palm geac~i County
o corporation orgoni:ed and existing under the lows of the State of Florida with its p+incipol place of business in
North Palm Beach ,the principal sum o{_ One Hundred Tfious~d and_
op /lOQ - - - - - - - - - - -
($100, 000.00) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Ooltors,
together with interest thereon from dote of the rote of 17~ per centum per onrwm until maturity, both principal and interest
being payable of the office of 401 Northlake Blvd. , North Palm Beach, Flo?ido, of the dates and in the
amounts and manner as folbws:
Interest only will be due and payable monthly with the first interest.
- payment being due and payable. on October 20, 19?9, and each interest
payment will be due and payable on the 20th day of each and every month
thereafter. Except that all principal and accrued interest will be due
and payable on the 20th of December, 1980.
-The terms and conditions of that certain Loan Agreement executed of even
date .with this Note are hereby expressly .incorporated herein by reference.
All suds sums of money so paid :boll be «edited by the payee, tint to the interest on this note and the balance to reduction of the -
prirtcipol hereof. Subject to prepayment Renolt•~ on the unpaid balance as folbws: 3~ if paid in full during 1st and 2nd year;
2~ if paid in full during 3rd and !th year; 1~ if paid in full offer 4th year, but before maturity.
H any Payment of principal or interest hereby required is overdue for more than fifteen (15) dogs, the holderdf this note
.may, of ih option, and without notice, dedare the entire balance of prirttipo) then remaining unpaid to be immediately due and
payable, and any failure to exerese sold option :boll not constitute o waiver of the right to exercise the some at any other time.
Upon default in making any payment hereby required, each maker and endorser, jointly and 3everolly, promise to pay all cosh,
expenses, including ottontey's fees, incurred in collecting this note' by legal proceedings or through on attorney. ~
kntallments not paid within fifteen (15) days offer the some are due shall be subject to, and it is agreed payee shall
o~lled thereon and therewith a "tote charge" in the otttount of four per cent (<°jo) of the~monthly payment upon each such delinquer>t
instollmen/.
Each maker and endorser waives demand, protes?, and notice of maturity, non-payment, or protest, and all requirements -
neces:ary to hold each of them liable cs moken or endonen. s
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This note is secured by o mortgage on real estate in St. Lucie County, Florida.
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Note No (S~)
D. J. TZIMENATOS
Address: (SFj,~)
SOPHIE S. TZIMENATOS
(SEAL)
- (SERI)
FAP-NPB #606
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