HomeMy WebLinkAbout0813 :~~f~rence to: ~
rtORTGAatt NOT< $ RAMCO IORM 3~
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t37 5,000.0!) Potomac, Maryland . RH~{i~
Jl,n~ 1, . l9 80
FOR VALUE RECEIVED, the undersigned, (jointly and se~•erally, if more than one) promises to pay to ~a13 hereafter Set
forth)
, oe order, in the manner hereinafter speci[ied,
tree principal stun ofThree l~.lndred Seventy-Five Trausand an3------------------------1/100 DOLLARS
cs 375, 000.00) with interest from date at the rate oI---9---per cent. per annum on the balance from time to tune remainiua unpaid.
1'h i~,rtncipa a tatece~ shall be payable in lawful money of the t'nited States of America atS~lite 204, ~uity Bldg. ,
f~7C~ A~~3o""+• ~ or at such place as may hereafter he designated by written notice from the holder to the maker hereof, on
flit date and in the manner [ollowing:~: Charles !`'I. Nevi.aser, $125, 625.00, plus interest as hereafter set
forth; Louis J. Carusillo, $112,500.00, plus interest as hereafter set forth; Harold R. L•Wans,
;37,500.00,. plus interest as hereafter set forth; Dr. George Vii. Raley, $18,750.00, plus interest t
.3s hereafter 'set forth; Dr. Luis J. Carusillo, Jr., $18,750.00, plus interest as hzreaftt~' set
~-orth; Dr. tSarcus S. Sch~rartallatn, $15,000.00, plus interest as hereafter set forth; J. ~ivbert
•rorish, $37, 500.00, plus interest as hereafter set forth; and ?subset J. Wisch*neier, $9, 375.00,
al~ls interest as hereafter set forth.
Phis mte is payable in one (1) principal payment of $375,000.00, plus side interest at ~o
aer annun from date. Ttie principal payment plus interest is due on A:~ust 31 A, D., 1980.
'-~;uses sole and exclusive ronedy in the event of default on this promissory rate is foreclosure
~,L the mor+:gaged property. Maker is rnt personally liable for the t~Ir~s, conditions a*t3
~~ro rises of this mte. lfiis rate may be prepaid in c,>tlale or in part at any time ~~itYaut
~e_~alty. Prepayments or principal reductions .shall be applied to the next principal paytllent
sch shalt become due.
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Thia note with interest is secured by a rnortgaRe on real estate, of even daft hrn•with, made by the maker hereo[ in fa~ror of the sail
~,a~re, and shall be construed and enforced according to the laws of the State of Florda. The terms of said mortgage are by this rrkrrncr
,nadr a part hereof.
I( default be made in the payment of any of the sums,,ggr interest mentioned herein or in said mortgage, or in the performance of
any o[ the agreements contained herein or in said mortgagesftsen the entire principal sum and accrued interest shall at the option of the
t,;,l~icr hereof become at once due and colkrtiblr without notice, time being of the essence; and said principal sum and accrued intrust
shall both bear interest from such time until paid at the highest rate albwable under the laws of the State of Fbrida. Failure to exercise
phis option shall not eotutitute a waiver of the right to exercise the same in the event of any subsequent default.
Each person liable hereon whether maker or endorser, hereby waires presentment, protest, notice, notice of protest and notice of dis-
honor and agrees to pay all cosh, including a reasonable attorney's fee, whether suit be brought or not, i[, after maturity of this note or default
hereunder, or under said mortgage, counsel shall be employed to collect this note or to protect the security of said n:ortgage-.
Whenever used Aerein the terms "holder", "maker" and "payee" shall tx construedi in the singular w plural as the contrzt tray
reyuirc or admit.
:Maker's Address ~1°_.~llc~Ser..Sla1E'.d.-@1~1~...45,~...Separat° ....-(SEAL)
pra:nissory notes as above referenced.
such default car~ltinues for 30 days. -----(sE:~LI
..------(SEAL}
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eeoK~2 PAGE 812
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