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HomeMy WebLinkAbout0228u~ s AtOTE ao,~oo.oo scua~. ~o~aa Zfarch ~°~'" , 19$1.. FOR VALUE RECElVED, the undersigned ("Borrower") promise(s) to pay FIRST NATIONAL BANK AND TRUST COMPANY OF STUART at its ofHce !n this city, or order, the principal sum of '-"""' -------- FORTY THOUSAh'D AND NO/100---------- ~ Dollars. with interest on the unpaid principal balance from the date of thls Note. until paid, at the rate of ~ S. S~?; percent per annum. PNncipal and intereSt shall be payable at 815 Colorado. Stuart. Fl or such other place as the Note holder may designate, in consecutive monthly instailments of --------Six Iiuadred Fifty-Seven and 6S/100------------ Dollars (US S~37'~'S ' ). on the ~~ day of each~month beginning April /~} , 14 ~i . Such moothly install- ments shall continue until the entire indebtedness eWdenced by this Note is tully paid. except that any remaining indebtedness, if not sooner paid. shall be due and payable on ~rCh /~ 1 86 If any monthly instaliment under this Note is not paid when due and remaios unpaid aher a date speciNed by a notice to Bono~rer, 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 speciHed shall not be less than thirty_ days from the date such notice is rnailed. The Note holder may exercise this option to accelerate during any default by Borrower reqardless of any prior forbearance. If sult is brought to collect this Note, the Note holder shall be entitled to collect alt reasonable costs and expenses of suit, including, but not limited to, reasonable attorney's feps. Bo~ower shal{ pay to the Note holder a late charge of s5.00 or N~~ percent of any monthly installment not received by the Note holder within 10 days aher the installment !s due. Borrower may prepay the principal amount outstanding In whole or in part. The Note holder may require ihat any partial prepayments (i) be made on the date monthly lnstallments are due and (ii) be in d~ amount of that part of one or more monthly instaUments w3~ich would be appllcable 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 suth installments. uniess the Note holder shall otherwise agree in writing. Presentment, notlce of dishonor, and protest are hereby waived by aU makers, suretles. guarantors and endotsers hereot. This Note shall be the joint and several o611gation of all makers. suretles. guarantors and endorsers. and shall be binding upon them and thefr successors and assigns. Any nQtlce to Borrower provided for in this Note ehall be given by mailing such notfce by certiNed mail addressed to Borrower at the Property Address stated below, or to suck other address as Borrower may designate by notice to the Note holder. Any notlce to the Note holder shall be given by mailing such noHce by certiHed mail. return receipt requeBted. to the Note holder at the address stated in the Hrst 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 1"~~*~h ~~ ~ 9A 1 , and reference is made to the Nfortgage for rights as to acceleration of the indebtedness evidenced by this Note. THIS IS A BALLOON MORTGAGE AND THB FINAI. PAYBtENT 0& THE TALLOOti DUE CTPON MATfJRITY IS $27,360.00~ TOGETHER tiiITH ACCRUED INTFREST, IF ANY, A."ID ALL ADV4.pCL!!~Q!NTS MADE BY THE MORTGAGFZ? IR~DBR TBE TERHS OP T'HIS MORTCAGB. /s/ L~uis J. Savini (Seai) i.UI3I3 J. SAVIt~I ~ /s/ Anna L. Savini (Seal) . B'l~K ,JS~ FacE ~~ (Seal) Property Address