HomeMy WebLinkAbout1699N OTE
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FOR VALUE RECEIVED, the undenigned ("Borrower") pwmise(~) to pay FiRST NATIONAL BANK
AND tRUS'f COMPANY OF STUART at ib office in this c1ty, or order, the principal sum of """""'
~'ORZ?-1'WO T~OOSIIfd A~D li0/200 , DoUars. with interest
on the unpald princlpal balance irom the date of this Note, unNl paid. at the rate of i~ •~~ percent
per annum. Princlpal and faterest shall be payable at 81S Colorado. Stuart. Fl or auch other place as the
Note holder may designate. 1n consecutive monthiy Installments of
t~vt H nd ~r~T-~ and 28118Q Dollars lUS =_~.~ ).
on the '~ day of each month beglnning~ ~ ~ , 19~. Such mo~thly inatall-
ments shall conNnue unHl the entire indebtedness evidenced by this Note is fully paid. except that any
remaining indebtedness. H not sooner pafd. shaU be due and payable on T~'~~ -~ 7 1986 ,
It any montWy iastaUment under this Note is not paid when due and remains unpatd aher a date
speci8ed by a notlce to Borrowa. the entire pdncipal unount outstanding aad accrued inierest thereon
shall at once become due aad payable at tl~e optlon of the Note holdet. The date speciHed shali not be less
than thiriy days Erom the date such notlce Is mailcd. The Note holder may ~exercise this opHon to
accelerate during any default by Bonower regardless of any prior forbearance. If suit 1s brought to collect
this Note. the Note holder shall be entlded to collect all reasonable costs and expenses of suii. including.
but not limited to. reasonable attorney's fees.
Borrower shall pay to the Note holder a late charge ot f5.00 or_~ percent ot any monthly
instatlment not received by the Nute holder within iQ days aker the fnstallme~t is due.
Borrower may prepay the principal amount outstanding in whole or tn part. The Note holder may
requlre that any partial prepaya~enb (i) be made on the date monthly installmenu are due and (ii) be In
the amount of that part of one or more montf~ly instailments whlch would be appiicabie to principal. Any
partial prepayment shaU be applied agaiast the principal amount outstanding and shall not postpone the
due date of any subsequent monthly installments or change the amount of such tnstallments, unless the
Note holder shall otherarise sgree in wriNng.
Presentment. notlce of dishonor. and protesi are hereby waived by all makers. sutetles. guarantors
and endorsers hereof. Thls NQte shall be the joint and several obligation oi all makers. sureties.
guarantors .and endorsers. and shali be binding upon them and thelr successors and assigns. •
Any notlce to Botrower provided for in this Note shall be given by mailing such notice by certitied
mail addressed to Bocrower at the Propesty Address stated below. or to such ott~er address as Borrower
may designate by notice to the Note holder. My notice to the Note holder shall be given by mailing such
notice by certiHed mail. return receipt requested, to the Note holder at the sddress stated in the first
paragraph of thls Note. or at such other address as may have been designated by notlce to Borrower.
The indebtedness evidenced by this Note !s secured by a Morigage, dated *~~~ ~~ 1981 :
and re~e:ence is made to the Morigage for tights as to acceieration of the indebtedness evidenced by this
Note~1II= ZS • sAI.IA011 I~~ltY~ll~CE 4itD 1~iE FII~UL t~!!!IIR ~ TH~ E11Yi~00M DOS IItOiN ?lAlUBYTi
IS #39'~ Z17. T~. TOGaTB~ iRiS ~ IIR~B8T. I! ViY, ~iD ~.L ~ANC~lS LUIDE ~Y
TEIE 1~lORTGAGT.E QNDEY ?Ql! TER?I~ O~ lEIS t~ORTCAG~.
~ /s/ Thelda P. Sixsmith (Seal)
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~ T8ffi.DA P. SIxBlQTB . ,
/s/ James M. Sixsmith (Seal)
(~ ,j~(]~] JA?~ M. SI2~MITH
9+ K c~ Pb6rt1VJJ ISeap
~ Prop~erty Address
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