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HomeMy WebLinkAbout0812 MORTOAO[ NOTt .g RAMCO !TORN tll :4aryla-~d s3, 600,000.00 ~~c, / , June 1, , )9 80 FOR VALUE RECEIVED, the undersigtsrd, (jointly and severally, i( more than one) promises to pay to fag hereinaft°r' Set forth) . , or order, in the manner hereinafter specified, the principal seta o[Ttrree Million Six Hundred Thousand and---------~-------------- ;x/100 DOLLARS 3, (~QQ~ 000, QQrith intcnst from date at the rate of ---9---per «nt. per annum on the balance from time to time remaiaing unpaid. ~'Ae said sncipal and interest shall be payable in law[ul tswney of the United States of America atSuite 204, Qtlity Bldg. , 4'J35 C~iain Bri @ Rd. or at such place as may hen•aftrr be designated by written notice from the holder to the maker hereof, on 31ii' ax Vp 22 n the da~e at#1 ie Use ma ~eir tolbwing: Charles M. Neviaser, $1, 206,000.00, plus interest as hereinafter set forth; Louis J. Carusillo, $1,080,000.00, plus interest as hereinafter set forth; Harold R. Evans, $360,000.00, plus interest as hereinafter set forth; ~Jr. George M. Haley, $180,000.00, plus interest as hereinafter set forth; Dr. Louis J. Carusillo, Jr., $180,000.00, plus interest as hereinafter set forth; Dr. Marcus S. Sct>wartzman, $144,000.00, plus interest as hereinafter se*_ forth; J. Robert Corish, $360,000.00, plus interest as hereinafter set forth; a~-!d Robert J. tdisc2meier, $90,000.00, plus interest as hereinafter set forth. Interest only shall be paid for an 18 llnnth period fears date by installments : First ~i.riterest installanent due January 1, 1981; Second interest installment due June 1, 1981; and the T.iird interest installment is due December 1, 1981. The principal balance and interest shall thereafter be amortized in 14 equal semi-annual installrents. The first instalLnent of arincipal and interest shall be due aryl payable June 1, 1982. Payees sole and exclusive remedy in the event of default on this promissory rote is the fore- closure of the mortgaged property. Maker is rot personally liable for the terms, conditions art3 promises of this rote. This rote may be prepaid in whole or in part at any tine after December 31, 1980. Prepayments or principal reductions shall be applied to the Next princi- pal payment which shall become due. This note with interest is secured by a mortgage on real estate, of even date hrrt•with, made by the maker hereof in favor of the said },gyre, and shall be construed and enforced according to the laws of the State of Florida. The terms of said mortgage are by this refrrenn• ~nadr a part hercol. 1f default be made in the payment of any of .the sums or interest mentioned herein or in uid mortgage, or in the per[ormance n[ , ar..- of the agreements contained herein or in uid stsortgage*hen the entire principal sum and accrued interest shall at the option of the holder hereo[ become at once due and collectible without nonce, time being of the essence; and said principal sum and accrued interest sh.ll both bear interest from such time until paid at the highest me allowable under the laws of the State of Fbrida. Frilure to eaercisc this option shag not constitute a waiver of the right to astercise the same in the event of any subsequent default. - Each person liable hereon whethv maker or endorser, hereby waives presentment, protest, rsotice, rwtice of protest and notice of dis- . ~e_ _ L~_ ...Li L~~ - • w ~.~..ral.a .v r.nt it ~if?r .nafnrity n~ ttiia note nr ~rt0i.lt I1VnUI Yno agteef W Ndy l~li~i, LI~.lYUaug r ~Lawia:awa 3~Iw i.~j'a , +:i:• .-s••• , - hrreuadu, or under said mortgage, counsel shall be empbyed t~ collect this note or to protect the security of said mortgage. K'hetsever used herein the terms "holder", "maker" and "payee" shall be construed in the singular or plural as the Conte:t may rryuirc or admit. Makers Address Z'fle--in31Cr?tr•.-Sl~P'r1...Ed • Plgllt,-..~~~...Sepr3rate.- -.-.(SEAL) prollissory rotes as above referenced. ...........(SEAL. :~.~;i such default continutss for 30 days. i~ - -----.(SEAL) g ~ ' . + ~ ~ 1 @ ' ~ - - :'900.OC- ~ ~,:"-'.;'900.Oi~ ~ .,.~~90u.Cv ~ _ = t - - i - - i - r, _ - ~ _ ~ ~ - . ~ - - - , y. _ - _ _ ~ , ~ - •-;900.0 ~ - - ~ • ~ e~332 p~ 8ii } ~ _ :~~_t_ _~.F .