HomeMy WebLinkAbout0845S = 125,oc)o.oo NOTE
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Stuart. Florida
~~ ~ .1~°
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 principsl sum of ----`-`--
---------~E 1F'.1~'~NIY-~'IVL 1~dl~ID Aam NO/100------------ Dollars. with interest
on the unpaid principal balance from the date of this Note. until paid. at the rate of 13.75'I~ percent
per annum. Principal and Interest shall be payable at 815 Colorado. Stuart. FI or such other place as the
Note holder ma deal - - - -
y grate. in consecutive monthly Installments of
--(~ne Zt~a~sand Five Htndreci Zhirt3i-one and 77/100---- Dollars (US =1, 531.77 ).
on the -~ day of each month beginning J8L>ttsly -S .1981 .Such monthly install-
ments shall continue until the entire indebtedness evidenced by this Note Is fully paid. except that any
remaining indebtedness. if not sooner paid. shall be due and payable on ~~ '~ 1985 .
If any "monthly Installment under this Note is not paid when due and remains unpaid aher a date
specified by a notlce 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 costa and expenses of suit. including,
but not limited to. reasonable attorney's fees.
Borrower shall pay to the Note holder a late charge of 65.00 or N A- percent of any monthly
installment not received by tl~e Nute holder within 10 days after the installment is due.
Borrower may prepay the principal amount outstanding la whole or in part. The Note holder may
require that any partlal prepayments (i) be made on the date monthly installments are due and (il) 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 shall 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 DBCH~ -j 1480 .
and reference is made to the Mortgage for rights as to acceleration of the Indebtedness evidenced by this
Note.
~IIS ZS A BAIIDON *+Dft'IC~AIZ? AMID 1NF FINAL PA~~f ~ 'I~ BAIISJON T~3C UP(yN ' fATl1PSIY
I.S S116 500.00, TCX WI1Ii A~ INIE~EST, IF A'~Y, A`ID AII. ATIVANC~£Y15 1~iP1lF. SY
'[I1F;~~f~?F`1Tlf~'It '!!-II? TFR"!S ~ ~1IS l,~ .
p~iAR?,1J tATIOId, a Fla . Corp • (Seal)
FSY: /s/ Fichard P.. Pfordresher (Seal)
RIQiAR1) A. PT~~t , P'~I~7I'
Property Address $~K
gy;~ /s/ Leslie M. Kovach (Seal)
PAGE M. K~VAQt, SEQt'I,TA~tY