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Home My WebLink About1138~,~ s io,2oo.00 NOTE Stuart. Florlda March : „~ ~ . 19 81 ~OR VALUE RECEIVED, the undersigned ("Bonower") promise(s) tu pay FIRST NAT[ONAL BANK AND TRUST COMPANIr' UF STUART at its oHice ~n this city, or order, the principal sum of ""-~--- -- -- -TEN THOtJ3AND Tii~O ~JNDRED AND NO/ 100------ ------ Doltars, with interest on the unpaid ptincipal balance from the date of this Note, until paid, at the rate of 16.40X ~rcent per annum. Ptrincipal and interest shall be payabie at 815 Colorado, Stuart. Fl or such other place as the Note holder may designate, in consecutive monthly installments ot -~- '-`"--' -- -Oae Hundred Seventy and 88/100-- ---- 170.88 Dollars (US s ), on the ~~ day of each month be innin April ,;1 S 81 9 9 , 19_. Such monthly instal!- 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 ~rch ? 5 1986 If any monthly installment under this Note is not paid when due and remains unpaid aher a date specified by a notice to Borrower. the entire principal amount outstanding ared 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 mailed. The Note holder may exercise this optlon to accelerate during any defauit by Borrower regardless of any prior f~rbearance. If suit is brought to coliect this Note, the Note holder shall be entitled to collect all reasonabie costs and expenses ot suit, including, but not limited to, reasonable attorney's fees. Borrower shall pay to the Note holder a late charge of 55.00 or ~~~ percent of any monthly installment not received by the Note hotder within 10 days aher the installment is due. Borrower may prepay the principai amount outstanding !n whole or !n part. 7'he Note holder may require that any partial prepayments (i) be made on t1-ie date monthly Installments are due and (ii) be in tl~e amount of ihat part of one or mere monthly inatallme~ts which would be applicable 2o principal. Any partiai prepaymeni shall be applied against the principal amount outstanding and shall not postpone the due date of any subsequent monthly Installmeots or change the amount of such installments, unless the Note holcler shall otherwise agree in writing. Prese~tment, 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 rnakers, sureties, guarantors and endorsers, and shall be binding upon them and their successors and assigns. Any notice to Bonower provided for in this Note shall'be given by mailing such notice by cettified mail adclressed to Borrower at the Property Address stated below, or to euch other address as Bonower may designate by notice to Ehe Note hotder. Any notice to the Note holder shall be given by mailing such notice by certlfied mail, return receipt requested, to the Note holder at the address stated in the flrst paiagraph of this Note, or at such other address as may have been designated by notlce to Borrower. The indebtedness evidenced by this Note is secured by a Mortgage, dated M~reh .~ ~ 1981 and reference is made to the Mortgage for rights as to acceleration of the indebtedness evidenced by this Not~3 IS A BALLOOp MpRTGAGg AND THE PD,JAI, PAY~~ OR THE BALLOON DUE iJPON MAIVRITY IS 7 027.80 T'OGETHER WITH ACCRpEp INTERg3T, IP At~Y ~ ANp AI,L ADpANCg,t~!NTS MADE BY TAE MORTGAGEE UNDER T'EiE TERHS OF THI3 I~iORTGAiGE. /s/ John E. Pierce (Seal) JOHN B. PIERCE Property Address /s/ Ilamarie Pierce (Seal) II.AMARIE PILKCE GC~( JtJ~ YaGE ~~Jt,S (Seal)