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HomeMy WebLinkAbout0844NOTE US S 125'000'00 Stuart. Florida DeCenber ~ , 19 ~ FOR VALUE RECEIVED, the undersigned ("Borrower") .promise(s) to pay FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its office in this city, or order, the principal sum oI --------- ------ONE H(R~DRID 7tiJIIJIY-FIVE THOiJSAND AND NO/100--------------- Dollars. with interest on the unpaid principal balance from the date of this Note. until paid. at the rate of 13.7/, percent ~ per annum. Principal and interest shall be payable at 815 Colorado. Stuart. Fl or such other place as the -------------------------- Note holder may designate. in consecutive monthly Installments of --One Thousand Five Hundred Thirty-One and 77/100---- Dollars (US s 1,531.77 ). on the 3 ~~ day of each month beginning ~ . 19~... Such monthly install- ments shall continue until the entire indebtedness evid ~ nced by this Note is fully paid. except that any remaining indebtedness, ff not sooner paid. shall be due and payable on If any monthly lnstaUment under this. Note is not paid when due and r alns unpaid aher a date specified by a notice to Borrower, the entire principal amount outstanding and accrued interest thereon shall at once become due and payable at the option of the Note holder. The date specified shall not be less than thirty days from the date such notice is mailed. The Note holder may exercise this option to accelerate during any default by Borrower regardless of any prior forbearance. If suit is brought to collect this Note, the Note holder shall be entitled to collect all reasonable costs and expenses of suit. including. but not limited, to. reasonable attorney's fees. Borrower shall pay to the Note holder a late charge of 55.00 or N A percent of any monthly Installment not received by tt~e Note holder :within 10 days aher the installment is due. Borrower may prepay the principal amount outstanding in whole or in part. The Note holder may require that any partial prepayments (f) 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 applicable to principal. Any 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 holder shall otherwise agree in writing. Presentment. notice of dishonor. and protest are hereby waived by all makers. sureties, guarantors and endorsers hereof. This Note shalt be the joint and several obligation of all makers. sureties. guarantors and endorsers. and shall be binding upon them and their successors and assigns. Any notice to Borrower provided for in this Note shall be given by mailing such notice by certified mail addressed to Borrower at the Property Address stated below, or to such other address as Borrower may designate by notice to the Note holder. Any notice to the Note holder shall be given by mailing such notice by certified mail. return receipt requested. to the Note holder at the address stated in the first paragraph of this Note. or at such other address as may have been designated by notice to Borrower. The indebtedness evidenced by this Note is secured by a Mortgage. dated DeCe~ber -~ 1980 and reference is made to the Mortgage for rights as to acceleration of the indebtedness evidenced by this Note. THIS IS A BAT.IAON NUDGE AND TEIE FINAL PAYN~2TP OR THE BAIIAON I)tJE IjPON NiAZtJRTIY IS $116 ,500.00 , 1 WTiH AOCRIJED ~ , IF ANY , AND AIL ATIVAN(~TiS MADE BY THE NDRTG~ UDIDER THE TF1tNS OF THIS NDR~('~AGE . /s/ I•l. *'Eichael Brinkley, as TriLSte~eal) W. '~~~ ~, as '!~ustee Property Address (Seal) aoac344 P1GE 8~~ (Seal) .,:..,