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HomeMy WebLinkAbout0930 t . ? INSTALI.HENT NOTB $10,000.00 Fort Pierce, Florida ~ March ~v , 1984 ~ FOR VALUB RECBIVBD NARGUERITB LASPONARA, a single adult, (hereinafter referred to as "BorroWer") a8 principal obligor, prosises to pay irithout defalcation to the order of VINCBNT A. LLOYA and ~GAtt A. BROWN, each se to an , undivided one-half interest, as tenants in comtaon with rights of survivorship, (hereinafter referred to as "Lender"), the su~ of Tffi~1 THOOSAND AND NO/100 DOLLARS ($10,000.00), vith interest-from the date hereof at the rate of IOX~per annum, in equal, consecutive monthly inatallmente, payable as follows, to-vit: $87.76 on t the lOth day of April, 1984, and $87.76 on the lOth day of each succeeding month ~ thereafter for a total of 60 monthly payments. On the lOth day of May, 1989, the ~ remaining principal balance of $9,649.93, together with accrued interest, shall be due and payable. All monies due under said Note aad Mortgage shall be in U.S. cash, certified or cashier's check, or money order. The principal and interest shall be payable at 1608 ~lavecrest Avenue, tierritt Island, Florida 32950, or at such other place or places as the legal holder hereof ahall from time to time designate. This Note is secured by a Purchase Koney Second Nortgage of even date herewith made by MARGUERITE LASPONARA, a single adult, to VINCENT A. LLOYD and ~ EDGAR A. BROi~1N, each as to an undivided one-half interest, as tenanta in connom with rights of survivorship, upon propertq located in Fort Pierce, St. Lucie County, Florida and collateral thereof, the terms and, conditions of which are hereby expressly made a part hereof. - This Installment note shall be nan-assumable, and upon the sale or transfer of the premises, or aAy part thereof, including, but not limited to, options, any leases for a term in excess of one year or agreements for deed, the whole of said principal sum and interest thereon shall, at the option of the Lender, become immediately due and payable. Each installment first shall be applied in paqment of the interest and then on the unpaid balance of the principal sum. Upon default in the paqment of any installment under this Note or in any of the covenants or conditions contained i in-said Mortgage, the Lender may, without notice, at its option, declare all the ~ remainder of said debt immediately due and payable and any f.silure to exercise ; this option shall not constitute a waiver of the right to execute the same at any ~ subsequent time. ~ ~ It is further agreed that the maker and each indorser, surety, . guarantor, ~ointly and severally, shall pay all costs of collection of this Note, ~ ~ regardless of whether legal proceadinga are filed, including a reasonable ` ~ attomey's fee, including all coets, expenses and attorney's fees for any retrial, ' ' rehearing or appeals, on failure to pay any installment payment or any accrued ~ ~ interest due hereunder on the due date thereof. This Note and all sums due ~ ~ hereunder shall bear interest 'at the highest lawful rate of interest per annum ~ permitted in the State of Florida from the date when the principal and accrued ~ interest under this Note shall be due and payable. The total interest payable ~ hereunder shall not in any one year exceed the highest lawful rate of interest in ~ the State of Florida. . ~ The makers, sureties and indorsers hereof severallq waive presentment, ~ protest and notice of protest for non-payment of this Note and agree that tbe time ~ of its maturity maq be extended before or after maturity and do further severallq ~ agree to any renewal thereof before or after maturity, without notice of them. g • '`r ' ~ ~ ` ~ MARGIIER E LASPONARA i ~ ~ ~ ~ ~ ~ ~ i - F ~ BOa( YJ~ PACE e~ ~ . - - - ~5 ~ . _~~y.c. •