HomeMy WebLinkAbout0848 It is the further intention of the parties that this shall
be a 30 year mortgage and not a balloon mortgage and all
payments shall be calculated to have the entire principal balance
repaid by equal monthly payments at the end of the 30 _ year
period.
This obligation may be pre-paid in whole or in part without
penalty.
If anv installments be not promptly paid within fifteen (15)
days next after the same becomes due, then, at the option of the
holder hereof, the full amount remaining due on this note shall
thereupon become due and payable at once, together with all other
indebtedness stipulated in this note and in the mortgage given to
secure the same. All late payments shall, whether or not the
holder of this note declares a default, shall bear a late penalty
consistent with that charged by local, conventional lending insti-
tutions at the time said late payment is made.
ahe makers and endorsers of this note further agree to
waive notice of non-payment, protest and demand for payment, and in
the case suit shall be brought for the collection hereof or the
same shall be collected upon der.~and of an attorney, to pay all expenses
of such collection, including a reasonable attorney's fee.
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THIS MORTGAGE DEED AND NOTE IS NOT
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Payable at: 1357 S. E. Laconia Street
Port St. Lucie, Florida 33452 -
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