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Date March 22 , 1980
S 51885.00
Fort liyers
FOR VALUE RECEIVED, the undersigned (referred to as "Maker", whether one or more), jointly and severally,
promises to pay to the order of American Funding Limited, a New Jersey L:_miterl Partnership d/b/a The
(which together with subsequent holders of this note. is referred to as holder), at such plats as Holder rteYigtsl~~'ibivriting the
sum of Fifty one Thousand Eight Hcrdred Fi.ahty Five 4 No/lO~OLLARS, being the principal amount of
this loan combined with the finance charge computed in advance, which includes interest from -March 27 . , 19 80 ,
at the-rate of Eighteen (18%) per centum per annum. Said interest shall accrue at said rate after maturity. The combined
total of principal and precomputed charges shall be due and payable in successive monthly payments as follows:
The sum of T~c~ Hwodred Eirthty F.istht r.nd 25/100 DOLLARS on the
27th .day of each month, commencing with the first payment on the 27th day .
of ,~1pri1 _ 19~.Q_, and a like sum on the ~ 27th day of. tech and every
month thereafter until said combined total of principal and precomputed charges have been paid in full, except that if not
sooner paid, the final payment of principal and precomputed charges shall be due and payable on the 27th day
l~Sarch
of 19 9
PREPAYM ENTS ~ - If this loan is paid in whole or in part within 48 months from the date of the loan, there .
shall be a prepayment penalty cyual to 6 months interest computed at the rate of (hne Arid (h,e/Half % per
month on the amount 1'rcpaid. If this loan is paid in full prior to the final payment due date hereof, the unearned portion of the
precomputed interest charges.shall be refunded according to the Rule of 78's. No portion of the Prepaid FINANCE CHARGES
will be refunded. The terms and provisions of this Paragraph apply whether the prepayment is voluntary or involuntary and
whether it is made before or after default.
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In the event of the Makers default for 10 days or more in making any payment due, Holder will assess a default charge equal to .
S% of the unpaid amount of such payment. .
~ Holder may declare this note due and payable either: (i) when permitted under any security agreement of mortgage, now or
hereafter in effect, securing the repayment hereof; (ii) if Holder deems itself insecure; (iii) upon the default in any payment
required hereunder; or (iv) upon the insolvency, bankruptcy, dissolution, death or incompetency of any Maker, indorser or
guarantor hereof. After maturity, this note shall bear interest at the highest legal rate. In no event shall any Maker, indorser or
guarantor of this note be obligated to pay any interest in excess of the maximum amount permitted by Florida law. Each Maker,
indorser or guarantor, jointly and severally: (i) promises to pay all costs of collecting this note, including a reasonabk attorney's
fee, whether incurred in connection with colketion trial appeal or otherwise; and (ii) waives presentment, demand, notice of~
dishonor and protest.
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This .note is secured by a 2nd mortgage security agreement of even date herewith covering the collateral more
particularly described therein.
The net proceeds of this loan is S 17.900.00
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1 Each Maker acknowledges receipt of a copy of this note, and agrees to all of the terms contained herein.
. - 4~1~83
. 1900 NAR 3 t P!1 2~ 35
{ Si=ned, sealed and d 'vercd / FT. UC! CQP~ECrOyOFp
in the pr a ot: ~ s R~,Et01TRAfS
_ E CIRCfAT CpWtT
Witness Ma William R. Brea ettr_. ' (SEAL)
Witness Maker ry E. Bressett a (SEAL)
DOCUMENTARY STAMPS iri the amount oft _ " _ R 5
have been paid, affixed to mortp=e, and ancelled. ~