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MORTGAGE NOTE - RAMC;O FORM S.1
_ Port _ St. Lucie ~ Florida
= 20,000.00 July 15 ,l9 80
FOR VALUE RECEIVED, the undersigned, (jointly and uveraUr, if ~eore than one) promises to par to
LeROY E . ULLRICH and ELEANOR A . ULLRICH, his ew ~e~~ in the manner hereinafter specified,
the principal sum of TWENTY THOUSAND DOLLARS AND NO/100 /100 -
20, OOO.Obwith lateral from date at the me at 12 per tent per annum oa ehe balance trom time w time remaining unpaid.
~ kin lawful era of the united states of America at 50 Rolling Ridge Rd.
~ ~ said principal and interest shall be parab utr
Hai QI~~l~Onn or at such place as mar hereafter be designated br written notice Iron the bolder to the maker hereof, oa
the vda~jjte and iR the manner tolbwing:
` Payable in Two (2) annual installments of $10,000.00 plus interest.
First installment due July 15, 1981. Last installment due July 15, 1982.
THE MAKERS RESERVE THE RIGHT OF PREPAYMENT AT ANY TIME WITHOUT PENALTY.
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This note with interest is secured b~ a mortgage on real estate, of even date herewith. made br the maker hereof in favor of the said !
payee, and shall be construed and enforced iccording to the laws of the State of Fbrida.
e or in the performance of l
If default be made in the payment ~ am of the sums or interest mentioned hueio or in said mortgag
any of the agramenp contained herein or in said mortgage, then the entire princpal sum and accrued interest shall at the option of the
holder hereof become at once due and tolkcubk without notice, time o[ the essence: Gad said principal sum and accrued interest
shall both bear interest from such time until paid at the highest rate aliole under the hws of the State of Florida. Failure to exercise
thu option sbsU not tomtitute a waiver of the nght to exercsse the same in the event of am subsequent default
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice notice of protest and notice of dir i
honor and agrees to pay all costs, including a reasonable attoraty's [ee, whether suit be brought or not, i~, after matuntr of this note or de[ault
hereunder, or under said mortgage, counsel shall be empbyed to collect this note or to protect ~ security o[ sad mortgage.
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~ Whenever used herein the terms "holder", "maker" and "payte° shall be construed in the singu or plural as tontext mar
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require or admit.
(SEAL)
Maker's Address -
ee~~ AA e~~ ~ $ . FOUR ~
218 S.W. Reynolds Ave. BO~KJJS PAGE 't~?~ .EVEL ....G~~--,~.~~----•-•--•---•--••-•-••_....(SEAL)
Port St. Lucie, Fla. 33452
...............................................(SEAL) ,
.....................................................(SEAL)
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