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HomeMy WebLinkAbout0023MO~TGA^vE NOTE PRINCIPAL AMOUNT: =13~000.00 PIATURITY DATS: JANUAHY l, 1988 INTEREST RATS: 12~ AMORTIZATION PERIOD; years INSTALLMENT PAYMENT; 229.49 r I:?ST INSTALLMIENT PAYMENT DATT: DATE OF NOTE: DECTs~lBER 22, 1980. JANUA~Y l, 1981 FOR VALUS RSC$IVED, the undersigned and if awre thaa one, ~ointly and severaYly (the :taker). does hereby covenant and pro~ise to pay to the order of RAY LEIt~, or to hie successors or .lssigns (collectively t6e Payee) at Post Office Box 403, Fort Pierce, Florida 33450, or such ocher place as the Payee n-ay designate to the riaker in wrriting from time to time, in legal cender of the Unites Statee, the Principal Amount together ~rith interest at the Ynterest ~ ~ace on the unpaid belance of the Principal Amount. Tt~e swae due and oving hereunder ahall be payable during the Aaartizatiou Period in equal monthly insCallments, each in the amount of the Installment Paymeat, the first such Znstall- ment Pay~ent to be sade on the First Install~aent Payment Date aad subsequent Instal2ment ?ayment on like day of each month thereafter uatil the :~aturity Date vhereupon the entire unpaid balance of principal and interest accrued aad unpaid thereon shall become due and payable; each such inetallment ~rhen paid shall be applied firsC to the payment of interest on,che unpaid balance at the Znterest Rate siad the remainder thereof to payment on account oi principal. • If any Installmec~t ~ayment shall not be paid vhen due, then the en~ accrued interest hereunder shall become due and payable at once or of the holder of this l~ote. The Payee may, at_its option, co2lect exceed t~ro ceats for eact~ o~e dollar of each Installment Payment. opcions shall not conatitute a vaiver of the right to exercise the subsequent default. ti~e principal sum and thereafter, at the option a late charge not to Failure to exercise these same ia the event of any It is further agreed that the Maker and each eadorser, surety, guarantor, jointly and severally, ahall pay all costs of collection of this ~ote, inciuding a reasonable attorney's fee, and including any appellate proceedings, on fai2ure to pay any Iastallment Payment or any accrued interest due herewnder on [he due date thereor. This ~ote and all sums due nereunder shaT2 bear.interest at the highest law:ul rate of interest per annum in the State of Florida froa the date vhen the princYpal and accrued interest uuder this \ote shall be due and payable., The total intereet payable hereunder shall not in any one year exceed the highest lawful rate of interest in the State of Florida. ':i~is \ote ia secured by a Mortgage, dated the date i~ereof, of property situated in the State o~ Florida. Tne -faker agrees that it si~all be bound by any agreer~ent extending the time or modif~-ing the ~~ave terms of payment, made by the Payee and the owner or ovners of the property.affected by said Mortgage, vhether With or vithout notics to the :~iaker, and the ra'~cer shall contiAUe iiable to pay the amount due hereunder, but vith interest at a rate no greater than the Interest Rate, according to the terms of aAy such agreement of extension or modification. ~he unpaid balance of the Principal A~ouat, plus accrued interest sha12 oecome due and ~ayable at the option~of the Payee under the happening of an event by which said balance shall or may become due and payable under the terms of said Yvrtgage. :;~is `ote may aot be changed orally, but only by agreersent in writing,-signed by the party againat Whom enforcement of any vaiver, change, modification or discharge is sought. ~ ~~li parties to this l~Sote, wliether Mak~r, principal, surety, guarantor or endorser, hereby w~ive presentment for payment; denand, protest, notice of protest, and notice of dishonor, and expressly agree ~ointly and severally to re~ain and continue bound for the payment of the principal and interest provided for by the terms of this .~ote, aotxithstanding any extension or extensions of the time of, or for the payment of said principal or interest, or any change or changes in the amount or a~ounts agreed to be paid under or by way of release or surreader ot substitutioa of any real property aad collateral or either held as security for thia Note~ end vaive all and Qvery kind of notice of ~such extension or ~xtensioAS, change or changes, ~nd agree that the ~sa4e may be made witbout th4 ~oiader of the Naker. Prepay~ent•in vbole oi_ii- part at an-y tima vithout peaalty i~ heraby granted. _.- • . ~ rrJ'dL„ ~~~~"~- l T.$ ~ ` ~ . t ~, BO~K346 P»Gf z~ TEBESA ESPIN&L ; _ . _ ..<: ~ _S ~ F _ ~ ~ :'~ :r "