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HomeMy WebLinkAbout0914 d? i~ . ~ 4 ' ~ R~e~ p ~n Payment Oi Taxes ` Due On ~~~ss ~~'an ;ib:e Personal ProFe~tY~ UNIT WEEK s'a' ~ UNR D-10~ Pursuant 7o Chap er i sa, ncis ot i9~1. UNIT WEEK UNR R~?G£R WITfiAS ~L 'Cie~k Circuit Cou~t. SC Lutie. C0. ` 11NORTGAGE NOTE i ~ ~ $ ? , 200 . QO B~Zing2isl~; ~vA , f~hooo~tu --A,~ril 15-. 198s , ~9 ~ FOR VALUE RECEIVED, the undersigned jointfy and severally promise to pay to the order of TURTLE REEF ASSOCIATES. INC., a Florida corporation, (hereinafte~. together with any subsequent holder hereoi, referred to as "iiolder'~, whose principal address is P.O. Box 1588, Jensen Beach. Florida 33457. w~thout grace. the principal sum of Seven Thousand Two Hundred ~ 00/100 pOLLARS 7 200.OQ ' i teep enth~ , together with interest thereon at the rate o percent ( 15.9 per annum, in monthly installments of One Hundred Forty T~vo E 60/100 DOLLARS 142. 60 payable monthly orr the first of each month. beginning on such date as may be directed by Holde~. but in na event later than 120 days from the date hereof, and each consecutive month thereafter until paid in full. No inte~est shall ac~crue hereunder prior to the recording of the Mortgage of even date herewith or JO days from the date hereoi, whict~ever shall first occur. All installments or payments shall be first applied to interest accru+~d and the balance thereof to principal. The entire remaining principal balance outstanding hereunder. if r~ot'sboner paid, shall bedue and payable infull g4 months from the date of the first payment catled for hereunder in accordance with the terms and conditions hereof_ This Note may be~prepaid in whole or in part at any time without penalty. J~~ ' ~ ~C If ar?y payment of principal interest callsd for h8reunder is not paid within ten (10) days of its due ciate, Bonower agrees to pay a late charge equal to either five percent (5%) of any such installment or Fve Dollars : ($5.00), whichever is greater. ~ ~ In no event shall the amount of irrter~st due or payments in the nature of interest payabte hereunder or unde~ any mortgage security agreement secitring thi~ iVote, exceed tt~e maucimum rate of interest allowed to be contracted for by applicable law, as changed from tim~ tc~ time,~ ¢d,Rthe event any such payment is paid by the undersigned or received by Holder, thTen, :such axcess sufn~hall~e cre~te• ~as a payment of principal, unless the undersigned shall notify Hofder, in writi~g~ that the undel'sigrie't! eleet's to4~ave such excess sum retumed to it forthwith • < ' Time is of the essence of this Note and, in case this Note is collected by law or through an atterney at law, or i unde~ advice therefrom, the undersigned agree to pay all costs of collection, including reasonable at#omey's ~ fees, which fees are deemed to include, but na`t limited to, all fees incur~ed in all matters of collection, and enforcement. construction and interpretation, before, ~uring and after suit, t~iat, proceedings and appeals, ~ bankruptcy p=oceedings or creditors' reorganizatian or similar proceedings. ~ Alf persons or corporations now or at any time liable, w~~ether primarily or secondarily, for the payment of the indebtedness hereby evidenced, for themselves, their heirs, legal representatives, successors and assigns, ~ respectiveiy hereby expressly waive any presentment, demand for payment, notice of dishonor, protest, notice ~ of nonpayment or protest, diliger.ce in collection, and do consent that the time for all payments or any part ~ thereof may be extended, rearranged, renewed or postponed, and further consent that the coltateral security or any part thereof may be released~ exchanged~ added to or substituted for without in anywise modifying, altering, releasing, effecting or limiting their respc:. ~~ve liability hereunder or the lien of any security instrument. d if more than one party shail execute this Note, the term"Lr~.iersigned", as used herein, shall mean all parties ` signing this Note and each of them, who shall be jointly and severally ob!igated hereunder. This Note is secure~i ~ by a Mortgage of even date h~rew9th upon real property in the State of Florida . ~ 'gb l1AY 15 A9 ~36 - ~ ~ ~ `7SO631Zi . • - . - (SEAL) fllEC ROGER ?u~:~:~, : J~:-~ ;K / Ida L. Boot SL lUC1~ Cp~_'*~ ~'t. F_ ! , . ~ ~~'~7~~ ~_:F ~ -nF~!~:.1A ~ ~ OG~U7~lU"rNTARY. - .,,,~;TAMP tAX ~ (SEAIa ~ _ . ~ • ~ ~ GfP! r ; v:..~iJF '.~1i.-•~.. ~ - ; . ~ . ~ . i ~ ~ ~ , f.. . , . ~ . . ~ ; ~ _ ~ PAGE . - _ - -