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HomeMy WebLinkAbout0536 ! - 1 NOTE US : ~ ~ Stuart. Florida ~ g~j .19~ FOR VALUE RECEIVED. the undersigned ("Borrower") promise(sj _to pay FIRST NATIONAL BANK _ AND TRUST COMPANY OF STUART at its office in fhb city, or order. the principal sum of 1~A TNQJSAI+ID FIVE ~A1 AND ND/100------------ DoUars. with interest on the unpaid principal balance from the date of this Note. until paid. at the rate of percent per annum. Principal and interest shall be payable at 815 Coloado. Stuart. FI or such other place ss the Note holder may designate. in consecutlve monthly Installments of - ---------One Hired Ei~teen sad 86/100-------------- 118.86 DoUan (US f - on the day of each month beginning ~ ~ . 19~ .Such monthly install- . - manta shall contlnue nntU the entlre indebtedness evidenced by this Note is fully paid. yexcept that any remaining indebtedness, R not sooner paid. shall be due and payable on S / 1982 If any monthly installment ands this Note is not paid when due and remains unpaid after a date specified by a notlce to Borrower. the entlre principal amount outstanding and accrued interest thereon , . shall at once become due and payable at the optlon of the Note holds. The date specified shall not be less than thirty days from the date wch notlce is mailed. The Note holds may exorcise this optlon to accelerate during any dehnlt by Borrows regardless of any prior forbearance. If suk b brought to collect j this Note. the Note holds shall be entltled to collect all reasonable costs and expenses of suit. including. but not limited to. reasonable attonnel~s fees. - - - Borrows shall pay to the Note bolds a late charge-of =5.00 or N A percent of any monthly inutallment not received by the Nute holds within 10 days after the installment is due. Borrowei may prepay the principal amount outstanding in whole or in part. The Note holds may require that any partaal prepayments (I) be made on the daft monthly instalimenb are due and (ii) be in the amount of that part of one or more monthly installments which would be applicable to principal. My partial prepayment shall be applied against the principal amount outstanding and shall not postpone the due date of any subsequent monthly installments or change the amount of such installments. unless the Note holds shall otherwise sgree in wrking. Presentment, notlce of dishonor. and protest are hereby waived by all makers, suretles. guarantors and endorsers hereof. This Note shall be the joint and several oblfgatlon of all makers, sureties. guarantors and endorsers. and shall be binding upan them and their successors and assigns. My notice to Borrows provided for In this Note shall be given by mailing such notice by certified mail addressed to Borrows at the Property Address stated below. or to such other address as Borrower may designate by notlce to the Note bolder. My notlce to the Note holds shall be given by mailing such notice by cstlfied mail. return receipt requested, to the Notc holds at the address stated in the first ~ paragraph of this Note. or at such oths address as may have been designated by notlce to Borrower. 3 ~ Q ~ The indebtedness evidenced by this Note is secured by a Mortgage. dated - ~ / 1980 and reference is made to the Mortgage for rights as to acceleration of the indebtedness evidenced by this Note. /s/ Lisa H. Phillips IJ.•SA H. PEIIIL~S (Seal) (Seal) r (Seaq Propsty Address COOK P~ r -r ,