HomeMy WebLinkAbout2733NOTE
us : 12#000.00
Stuut. Flodda
Fabruar~ j ~,J
,ig 81
FOR VAI.UE RECENED. the uudersigned ("Borrower") promise(s) ~to pay FIRST NATIONAL BANK
AND TRUST COMPANY OF STUART at its oHice in this cfty, or order, the priacipal sum of
TH8LV8 THOU3AND AND NO/lOQ
Dollars. with interest
on the unpaid principal balance from the date of ihis Note. until paid, at the rate of 16 •~~ percent
per annum. Principal and interest shall be payable at 815 Colorado. Stuart, FI or such other place as the
Note holder may designate. in consecutive monthly instaUments of
------~o Hundred Ons and 02/100 Dollars (US i 201.02 ~~
on thP ~~ day of each month beginning ~r~h ~ ~ . 19 81 Such monthly instal!-
menis shall continue untll the e~Nre indebtedness cvidenced by thls Note 1s fully paid. except that any
ranaining indebtedness. if not sooner paid, shall be due aad payable on ~eb~~ ~ 7 1986
If aay moathly installment under this Note is aot paid whea due aad rematns unpaid after a date
speclHed by a notlce to Boaower. t6e e~tlre principal amount outatanding and accrued lnterest thereon
s6aq at once become due and payable at the opHon of the Note holder. The date apeclfled aball aot be less
thaa thirty daye trom the date suc6 aotice is mailed. The Note hotder may exerciee t6is optlon to
accelerate during any default by Botrower regardless of any prior totbearaace. if sult Is brought to collect
this Note. the Note holder shall be enNded to collect alt reasonable costs and expenses of sult, including.
but not limtted to, reasonable attome~s tees. ~
~
Borrower shall pay to the Note holder a late charge of i5.00 or p~~ percent of any mont6ly
iastallment not receiv~d by the Note holder witbin 10 daya aher the instaWnent is due.
Borrower may {~repay the principal arnount outatanding in wfiole or in part. The Note holder may
require that aay partial prepaymenb (i) be made on t6e date moathly inatalimenb ue due aad (ii) be in
d~e amouat of that part of one or more moatWy inataUmeab which would be appllcable to principal. Any
partial prepayment shall be applled against the principal amount outstanding aad sbaU not postpone the
dae date of any subsequent montldy insLllmeats or c6ange the amouat of such installmeats, upleas the
Note holder shall otherwise agree in a-riting. ~ .
Presentment, notlce of dishonor. and protest are hereby walved by all malcers. suretles, guarantors
and endorsers hereof. This Note shall be the joint and several obllgatloa of aU malcers, aureties.
guarantors and endorsers, and shall be binding upoa them and their successors and asslgns.
Any notlce to Borrower provided for in thb Note shall be given by mailing such aotlce by certiHed
mail addressed to Borrower at t6e Property Address stated below, or to such ot6er address as Borrower
may designate by notlce to the Note holder. Any notice to the Note holder sbal! be givea by mailing suc6
notlce by certified mail. return receipt requested, to the Note holder at-the address stated in the Hrst
puagraph of this Note, or at such other address as may have been designated by aotice to Borrower.
The indebtedness evidenced by this Note is secured by a Mortgage, dated ~ebruer~- ~7 1981 ~
and reference is made to the Mortgage for rigbts as to acceteratlon of ihe lndebtedness evidenced by thls
Note.
THI8 IS A D~AI.L001~ MOa1~GAGE AND 'i'E~E FINAL PATMSN? OR T~ EALLOOA DtJS UPOp MAIVRIIT
IS ~ 268.00 ~ TOGETHBR iiITH ACCRUBD INTBRBST, IF ANY ~ AZ1D ALL ADVANCP~Tt3 2~lADE B?
TE~ ?~iOA?GA~GEE ONQLR THE TERMS Ot 'PHIS ~RTCAGS.
/s/ Lloyd C. Winstead, III ~~~~
I.IARD C. WINS?BAD. III
(s~1)
f
~ Property Address
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