HomeMy WebLinkAbout0930 BALIAON MORTGAGE I30TE
$ 35,000.00 Stuart, Florida March 4, 1986
FOR VALUE RECEIVED, I promise to pay to the order of MORRIS GORDON
and PEARL L. GORDON, his wife, the principal suta of THIkTY FIVE THOU~AND
AND NO HUNIDREDTHS------------------------------------ pollars ($35,000.00
with interest from date at the rate of TEN per centum (10.000 )
per annum on the unpaid balance until paid. The said principal and interest
shall be payable at 4990 Schiuaann Drive, Las Vegas, Nevada 89102 or such
other place as the holder hereof may designate in writinq, in manthly
installments cf Interest Only in the amount of '1M10 ttUNDRFD NINETY ONE
AND 67/100----------------- Dollars 291.67 commencing on the 4th
day of Apri2 1986, and on the same day of each succPeding month thereafter
unti2 March 4, 1987, on which day the entire principal balance remaininq,
plus interest, shall be due and payable in full, Said monthly installments
shall first be applied to interest accruing on the amounts remaining from
time to time unpaid and the remainder to principal.
In the event of the continuation of any default in the payment of
any installment of the principal hereof, or interest,hereon, for a period of
Thirty (30) days, the holder hereof may elect to declare, and dec2are the
entire unpaid amount hereof, and the interest then accruQd, iimnediately
due and payable. The makers and endorsers of this note further agree t~
waive demand, notice of non-payment and protest, and in case suit shall be
brouqht for the collection hereof, or the same has to be collected upon demand
of an attorney, to pay all costs of collection, including reasonable attorney's
fees for making such collection.
When in default, this obligation shall bear interest at the rate of
; THIRTEEN (13.00~) percent per annum in lieu of the rate hereinbefore
i specified. Concurrently with the execution and delivery of this note, the
undersigned has executed and delivered to MORRIS GORDON and PEARL L.
GORD~R, his wi~e, a note in the original principal amount of $ 50,000.00
and a default in the terms of either notes is a default in the terms of
both notes.
' This note is secured by a mortgage of even date herewith, and in the
same principal amount as herein stated, encumbering real estate in the j
County of St. Lucie, State of Florida. ~
This note may be prepaid in whole or in part at any time without
penalty. /
S (Seal)
Miriam V. Morris ~ i
~r I
~ ~ ;
" See Addendum A for a copy of the second Note"
~+hall du1Y. P~W~Y and fully p~eafqrm, d~char8g etecute, e~fect, oo~rnple~. oomP1Y with aad abide by ea~b and
8~ab. cooditi~on~ aad coveaanb af eaid P~'~Y nooe aad af t!w mortga8e, tbea this ~P~1s-
ated s}sall ceaae tad be nnD aisd void. ~rtSaBe aad the atate hercby cre-
It is unde~atood that each of the words, .•noce,
wbetber in t,he angt~ar or plural anYw~here ia th4 w~~~~r ~~O~S~ ' cespa.~tivelY an~d the pranouns referring thereto,
than one, and ahsj) be mascotine. ~80. sba11 be singular if one on1Y aad shaA he plural jointly and severallY> if more
. ~t~'. w~rerev~ tfie cp~tezt so lmg~ies p~ ~p,
And said MortSm~r for bia~elf ~ j~ b~j ~va. sucoess~rs and assi y ~ •
sadd MortBaHa. !~s 1e8a1 repr~entativesf ttxcesfp~ ~p,~ hereb co~•enants snd a exs to snd with
assigiu:
1. To PaY ~ rt8a8e, eacb and p~P=1 aad incerest and the vasious and svndry sums oE moneY PaYable by virtue of said promiuory
note, und this mo ev~ery~ prompdy on the da
Y~ ~Pectivrly the same severally become dua.
deactibed PsY al! +tnd singu~ar the tuts, su~~s. kvies, tiabilities, ebligabons aad incumbranoes of every nature and kud now on said
± P~rtY, ~
thts
mo ~~y be [mpose~, suffercd, Plaeed, kwicd or ~ssessed thecrupon, and/or that herelker may be
evied or assessed u gage and/or the indebtednas seCUred herebY, eac!? end
before dxy be~u~e de~quent, and befora any inoerest nttaches or any penal ~QiY, w6en due and payable aocomiag to law,
sama shall be pramptly satisfied aad ctisshar u~~: and in so fu as any thereof is of record the
satisfution ~°E ~O~ oriRinal officia! document ( such as. for instance, the tu re~ipt or the
P~Pe* officially endorsed or certified ) shall be placed L~ d~e l~nds of said Mortgagee within ten days next after payment: aix!
;n the tvent that aay tbereof is not so paid. satisfied and
discharsed. said I~fatgagoe may qt any time p~Y c}~e same or aay par~ cberroF
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