HomeMy WebLinkAbout1618 t
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Date r ~ 1,198iy I
36,522.00 • I
S .Florida :
FOR VALUE RECEIVED, the undersigned (referred to as "Maker", whether one or more), jointly and severally,
promises to pay to the order of ~ • A 11~ .YarN~ pr*'.,....wsii-~l~aslt~ ~y
1 which together with subsequent holders of this note, is referred to as holder), at such place as Holder may designate in writing the
tium oflhi=t,,r-gam t+;~~rd ~~~ipp~l;pp DOLLARS, being the principal amount of
this loan combined with the finance charge computed in advance, which includes interest from No~?. 8 . 19~,
kk ~~t the rate of Eighteen (1896) per centum per annum. Said interest shall accrue at said rate after maturity. The combined
b eotal of principal and precomputed charges shall be due and payable in successive monthly payments as follows:
~fhe 18th - ~ atad '21q ~90~100 DOLLARS on the
day of each month, commencing with the first payment on the ~~b day
ul 19~_, and a like sum on the_]Sth. day of each and every
month thereafter until said combined total of principal and precomputed charges have been paid in full, except that if not
,uoner paid, the final payment of principal and precomputed charges shall be due and payable on thelg ~~-day
of ~ 14 ~
PREPAYI~1 ENTS - If this loan is paid in whole or in part within ag months from the date of the loan, there
.hall be a prepayment penalty equal to 6 months interest computed at the rate of 1.5 ~ per
month on the amount Prepaid. If this loan is paid in full prior to the final payment due date hereof, the unearned portion of the
precomputed interest charges shall be refunded according to the Rule of 78's. iVo portion of the Prepaid FINANCE CHARGIs.~ ,
Hill be refunded. ~fhe terms and provisions of this Paragraph apply whether the prepayment is voluntary or involuntary and ~
~ whether it is made before ar after default.
j ~ In the event o(thc Makers default for IOdays or more in making any payment due, Holder willassess a default charge equal to ~
j ~ S~~ of the unpaid amount of such payment.
HoIdR may declare this note due and payable either: (i) when permitted under any security agreement or mortgage, now or
hereafter in effect.. securing the repayment hereof; (ii) if Holder deems itself insecure; (iii) upon the default in any payment j
required hereunder; or (iv) upon the insolvency, bankruptcy, dissolution, death or incompetency of any Maker, indorser or
I guarantor hereof. After maturity, this note shall bear interest at the highest Icga! rate. In no event shall any Maker, indorser or ;
guarantor of this note be obligated to pay any interest in excess of the maximum amount permitted by Florida law. Each Maker,
indorser or guarantor, jointly and severally: (i) promises to pay all costs of collecting this note, including a reasonable attorney's '
tee, whether incurred in connection with collection trial appeal or otherwise; and (ii) waives presentment, demand, notice of
dishonor and protest.
This note is secured by a mortgage security agreement of even date herewith covering the collateral more
particularly described therein. Lµt
R r
. The net proceeds of this loan is S
c
Each Maker acknowledges receipt of a copy of this note, and agrees to all of the terms contained herein.
19?0 h0v 19 P'rl 2. 36
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Si`ned, sealed and delivered _ _ ..t;~
in the presence oL• i ' t - ~ .
~ a R
Witness _ ale i
. (SEAL)
L / //j~ ~ 1
Witness er (SEAL,)
D CU 18.90
O M13JdTARY STAMPS in the amount otS
hate been paid, affixed to mortp8e, and cancelled.
~ ~F~•ru a~eor~v 1
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