HomeMy WebLinkAbout11856o,noo.oo NOTE ~
US : Stuart. Flodds
Harch // .19 81
FOR VALUE RECEIVED. the undentgned ("Boaowet'') promise(s) to pay FiRST NATiONAI. BANK
AND TRUST COMPANY OF STUART at tts oHfce In this city. or order. the principal sum ot ~~
------------------SIXTY THOZiSADID AI~D I~iO/ 1 Dotlars. wlth interest
on the unpald principal balaece troa~ the date of this Note. untll pafd. at the rate of 14. ~OX percent
per annum. Principal and lntuest shaU be payabte at 815 Colorado. Stuart. Fl oi sucfi otl~er place as the
Note holder may designate. in consecutlve monthly Installments of
~_~.~__g~cn qvndzQd torty-'!ti-o and 12/1~N}---------- ~4Z• 12
Dollars (US = ).
o~ the ~~ , d,ay of each month beginning ~r~ ~~ . 19 81. Such monthly install-
ments shalt conNnue untli the entire Indebtedness evidenced by tl~is Note is Eully pa~d. except that any
remainiag indebtedness. it not sooaer paid. shall be due and payable on ~rch ~~ 1946
If any monthly iastallm~at under this Nate is not paid ahen due and remaias unpaid after a date
s~CiHld ~1 i QONCE t0 BORflWlt. the eatlre pr~ncipal amount outstaadi~g aad accrued interest thereon
shaU at once become due and payable at t6e optlon of the Note holder. The date speci8ed shall not be less
than thicty days trom dae date such notlce Is mailed. The Note holdet aoay ~erclse this opHon to
accelerate during any default by Borrower regardtess ot any prtor torbearance. !t suit ts brougfit to collect
this Note. the Note bolder shall be entlded to collect all reaso~able costs and expenses of sui~ including.
but not limlted to, re~s~ablg ~tiort~t~e fess.
Borrower shall pay to the Note holder a late charge of f5.00 or ~l~=percent of a~y montt,ty
installment not cecelved by the Nute holder withln 1A days aker the tnstallment is due.
Borrower may prepay the priecipal amount outstandtng ia whole or iA part. The Note holder may
require that any putial prepayaaents (i) be made on the date monthly InataUments ue due and (fi) be in
the amouet of that part of one or more monthly installments which would be appllcable to principal. Any
partiat yr~pa~~nt ~.i~ali tie appiied against the principa~ amount outstanding and shall not postpone the
due date of any subsequent montbly lnstallments or change tht amou~t of such in~tallment~. uniess the
Note holder shall otf~erv~ise a~ee in writing.
Presentmen~ notlce ot dishonor. and p:otest are heTeby aaived by all makera. suretfes. guuantors
and endorsers hereof. This Note shall be the joint and several obligation of a!t makers. sureties.
guarantars and endor~ers. and shall be binding upon them and tt~eir successors and assigns.
Ar~y noHce to Borroaer provided for In this Note shaU be given by mailing such notice by certified
mali addressed to Borroatr at the Property Address stated below, or to such other address as Borrower
may designate by notice to tbe Note holder. Any notlce to the Note holder shall be given by mailing such
notice by tertiHed mail. return receipt requened. to the Note holdei at the address stated in the Hrst
paragraph oE this Note. or st such other address ss may hsve been designated by notice to Botrower.
The indebtedness evidenced by this Note is secured by a Mortgage. dated ~reh /~ 1981 .
and reference is made to the Mortgage (or Nghts as to acceleration of the indebtedness evldenced by this
Note.
TP~IS I3 A DALIAO!! l~RTGA+GE AtfD '!H~ ~INl1I. PA~ 0~ 'iRE EALiA041 DOE UPOl~ MATtJRI'i?
IS $56~040.00, TOGETHEtt i~'ITH ACCRUFD INTFRF.ST, IY ANY, Ai~ ALL ADVANCEtff.'.4'!S MADE BT
THF *K1R.TG~GEL i1NDER THE TERNS OF TflIS ~bORTGAGE.
/s/ Rebecca M. Ernst (Seal)
REEI!CCA H. ERF37'
(Seal)
gnn~.
`~~350 Y»~E~.$~
tSeal)
Property Address