HomeMy WebLinkAbout0807 ~r~uidrd .AlrattJ~ that if Mortgagor shall ,Day to mortgagee, it's successors, legal representa-
tives or assigns, that Promissory Note, a copy of which is set /orth here:
NOTE
February 26, 1980.
Date. _
t~ r , I E= is Florida
5
FOR VALUE RECEIVED, the undersigned (referred to as 'MakeP whether one or more). Jointly a ssvsslty, prom-
isestopaybtheorderd ...:"::~:~::..`.:.`'1~:::#~a...:..:~1:~'.::`~`.`TT:!~..`?i•!I%. L~~. 1`S r.Gt~:,..
, . -
(who together with subsequent holders d this note. is rofemed b as at.. ~ F. I F, i J1. , ~ ~ _F i L;;
;i!
I`= L _
; i.:_
F t~I1F' t c~,,l T:i i r11Y1' ` jF T y i".'t yC ~.P•. .Of ! ~ ,
or such other place ea Holder may designate In writing the sum of
DOLLARS, payable in lawful money d the United States M .......i .t ' . consecutive moMhy
inataNmsnts d s ........each. and final instalbnent d ti i .on the ..3rd .day d each
T,~~ Apr j ~ .3,............19.... $0 .tnd continuing thereafter until this note b fully paid.
The Maker shah have the privilege b prepay this note in full before maturity. N this loan is prepaid in fulf; or M Helder at;
celestes the maturity d the unpakf balance d this note u provkied herein, the Maker will receive a rebate for any unearned
interest acocr~ding to the'sum d the digits" method. Rebates d less than st.t)0 will nd be made.
In the avant d the Makers' dehuR for ten (it» days or more in makrrq any payment due. Holder may sasses a dshuR
charge equal to s% d the amount of each payment in default
Holder mar declare this note due and payable either: when permitted under any security agreement or mortpaga now
hereafter in effect, secudrp the repayment hereof; (W? upon the dehult in any payment required hereunder: or (rig upon the
insolvency or bankruptcy d any maker. indorser o? guarantor her+ed. Attar maturity, thb note shah bear interest at t t396 per =
annum. In no event shah any Maker, indorser or guasntor d this rests be obligated b pay any interest in etocsss d the
maximum amount permitted by Fbrida law. Each Maker. indorser or guat~antor, Jdnthr and severaM~r. W promises b Pay aN
cost d ooller~lnp this Hobe. including a reasonable attorneys fee, whether incurred in oonnsctlon with coMedion trial appeal or
otherwise: and (iq waives presentment, demand, rwtioe d dishonor and protest
This note is secured by a ~ i'~ L matgsgs d even date herowdth cawrirq the coltatsral more Da
c-Sescrtbad tharoin.
This note may oe prepaid with a 5% prepayment psraRy dutirq the fist loan year, a 396 prepayment penalty during the
second loan year and a 1% prepayment penalty durlrp the third year. The foregoirq prepayment penalties shall bs computed
on the unpaid principal balance and aocxued interest due and owirq.
Each Maker aclawwlsdges roosipt d a Dopy d ihb note. and agrees b aN d the terms contained herein.
._._./S~.GERALD.DUANE SCHWERSINSKE
Maker ~ 'i: ,r........~,t . t(Seaq
/S/ ANCHAN D. SCHWERSINSIa;
.
Maker ~_~,Wf"t~. ~h
and will perform and comply with every stipulation, provision and condition M the note and of this mortgage
and shall pay alI taxes which may accrue on the property and elf costs and expenses which mortgagee, it's
Legal representatives, successors or assigns may be put to in collecting the note in foreclosure of this mortgage
ur otherwise, including reasonable attorney's fees. !n that event, this mortgage and the estate created by it
shalt cease and be null and void-
,~tul_ ~ur~~nr ,~~rrrs ,~s ~ntinYa.~:
1. .This is a . _ SE~Q~p mor~eage loan.
2. !n the event any mortgage superior to that held by Mortgagee is delinquent or in arrears or oche;-
wise in default, hlo?tl;aRee may, at it'; option, make all suterior mr~rt~a~;e pas~rne~nR and'or curr nc~• default
and immediately declare due the unpaid principal balance of it's mortgage to be payable on demand
r?R
3i;~7K P~f ~ ,