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7,000.00 NOTE - -
US : Stuart. Florida
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.19 90 #
FOR VALUE RECEIVED. the nndasigned ("Boreswet") promise(s) to pay FIRST NATIONAL BANK
AND TRUST COMPANY OF STUART at its office ih thb ci
ty. or order, the prindpal wm of
--=------------SBVBN THOOSAND AND NO/100--------------
Dollars, wttb Interest
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oa the unpaid principal balance from the date of thb Note. untli paid. at the rate of 16.00 ~ percent
pa annum. Principal and interest shall be payable at 815 Colorado. Stuart. Fi or wch other place as the
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Note holder may designate. in coasecutlve monthly Installments of
-----Ons Htuidred Savsnteen and 26/100------- Dollars (US =127.26
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on the ~ ~ day of each month beginning T / s - , 19.._. Such monthly install-
ments shall contlnue untll the entlre Wdebtedness evidenced by this Note b fully paid. accept that any
remaining indebtedness, if not sooner paid, shall be due and payable on ~u c ~-s 1985
If any monthly installment Hader t61s Note is not paid when due and remains unpaid aher a date-
, specified bq a notice to Borroaer. tbt entire principal amount outstanding and accrued interest thereon `
shall at Dace become dne and payable at the optloa of the Note bolder. The date specified shall not be less - -
' than thirty rings from the date such notice is maUed. The Note bolder may exercise thb option to
accelerate during any defank by Borrower regardless of any prior forbearance. U suk Is biought to collect
this Note. the Note holder shall be entltled to collect all reasonable cosh and expenses of suit. including,
but not Umlted to, reasonable attorney's fees.
Borrows shall pay to the Note bolder a 1*te charge of :5.00 or
N~A percent of any monthly
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installment not received .by the Note bolder rvithln 10 -days after the installment is due.
Borrower may prepay the principal amount outstanding in whole or in part. The Note bolder may
require that anq partlal prepayments (i) be made on the date monthly installments are due and (U) be in
the amount of that part of one or more monthly installments which would be appUcable to principal. My
partlal prepayment shall be appUed sgalast the principal amount outstanding and shall not postpone the
due date of say subsequent moatblq iastaUmeab or change the amonnt of such installments. unless the
~ Note holder shall otherwise agree {a wrftlng. -
. Presentment. notcce of dishonor, sad protest are hereby waived by all waken, sureties. guarantors
and endorsers hereof: This Note shall be the joint and several obltgatlon of all waken. sureties,
guarantors and endorsers. and shall be bindL?g upon them sad their wccesson and assigns:
My notcce to Borrower provided for in this Note shall be given by matting such notcce by certlfied
mail addressed to Borrower at the Property Address stated below, or to such other address as Borrower
may designate by notcce to the Note holds. My notice to the Note bolder shall be given by walling such
notcce by certified mall, retnso receipt requested. to the Note holds at the address stated in the first
paragraph of this Note, or at wch other address as may have been designated by notice to Borrower.
1980
The indebtedness evidenced by thb Note is secured by a Mortgage. dated ~u ~
and reference is made to the Mortgsge for rights as to acceleratlon of the indebtedness evidenced by this
Note. IBIS IS A BALIAOIt MORTGAGE AND THI! lINAL PAYMEIaT OR TAE BALLOON
DUS OP02Q MATORZTY I3 54,823.00, TOGETHER WITS I~CCRDED It~ITEREBT, IF
- ANY, AND ALL ADVANCEI~DI'tB MADE BY THE lrIORTGhGEE ONDSR Tt18 TERMS OF
TATS MORRY3AG8. - ~
s /s/ Gary G. Ferrell
(Seal) '
GARY G. FBRRELL
`~,5 ~ ~jf'/~~ ~ /s/ Shannon Ferrell
(Seal)
SRAPQNOII E . FERRET~L
~3~1 (Seal)
Property Address t1R
~ROK PAGE
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