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applicable law; and, in the event a holder ever receives, collects, or applies
as interest any such excess, such amount which would be excessive interest
shall be applied to the reduction of the principal amount of the indebtedness
evidenced hereby, and if the principal amount of the indebtedness evidenced
hereby and all interest thereon is paid in fuq, any remainin excess shall
forthwith be pfd to the maker or other party lawfully entitled thereto. In ~
determining whether or not the interest paid or payable under any specific
contin arty, exceeds the maximum which may be lawfully chargged, the maker ~
and holder shall, to the maximum extent permitted under applicable law, charac- ,
terize any non-principal payment as an expense, fee or other premium, rather
than as interest. Any provision hereof or of any other agreement between the
parties hereto that operates to bind, obUgate, or carpel the maker to pay
interest in excess of such maximum rate, shall be construed to require the
payment of the maximum rate only. ~
This Note ma not be prepaid until the expiration of ~1 full calendar
months after the date of this Note. Thereafter, this Note may be prepaid only
in whole upon payment of a prepayment premium calculated in accordance with -
the Rule of ?8.
/s/ Narn~i F. Bailee (SEAL) -
Nonnatt F. Boi.ke
(SEAL)
t
State of Florida Documentary Stamps in the amount of s 13.50 have been
affixed to the Mortgage which secures payment of tfiis ote an have been ~
cancelled . `
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