HomeMy WebLinkAbout0914 d? i~
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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
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$ ? , 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~~
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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. ~
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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.
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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
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~ 'gb l1AY 15 A9 ~36 - ~
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ROGER ?u~:~:~, : J~:-~ ;K / Ida L. Boot
SL lUC1~ Cp~_'*~ ~'t. F_ !
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~ OG~U7~lU"rNTARY. - .,,,~;TAMP tAX ~ (SEAIa
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