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Home My WebLink About0939 t • ~ / ~ (D~ ~ ~ .!•+t: ~ R~~ =~o~_L-- Payment Oi 7sxes ~ ; d;~urwnal ProP~' Y• ~ D-1B • pw On C ass UNIT VYEEK UNIT _ . 3°., Accs tN 19~ l. • t11n~~nt To ui~ROI:E~ P~IT1tASGR. ~ UNIT WEEK UNIT 3~- - MORTGAGE N4TE $ 6,200.00 , .-,qprl.ngt iAl d ~ VA ~ ~QRbd1[ ~ `April 21, 19~8 , 19 , FOR VALUE RECEIVED, the undersigned jointly and seve~ally promi~ to pay to the order TURTLE REEF ASSOCIATES, INC.. a Flo~ida corporation; j~h~reinafter~ together with ~iy subsequent~older he f, referred to as "Hoider7. whose principal address is O. Box i 588, Jensen Beach, Florida 3345~, witho ce, the . , pri~cipal sum ot 9ix Thoueand Two -8iind~d ~ 00/100 ~ ~g:i;_, ~l~i~~een ~ ~Nine Tentbe - 6, 200. 00 together with intere~t therean a he rate o perce 1~ • ) ~~r per annum, in monthly instaiiments of Oae •_8 dr~d Twent Tao ?9/100 ~ X22:78 ~ - payable monthly on ~e=~irs~,,,of'each month. '~ginning on such da y directed by Holder. but in no event later than 12Q days frpm the date hereof, and each consec month thereafter until paid in full. No interest shall accrue hereonder prio~ to the recording of the Mortgagb ot even date herewith or90 days from the date hereof, whichever sha11 first occur. All installments or payments shall be first applied to interest accrued and the balance thereof t~principal. The entire remaining principa! balance outstanding hereunder, if not sooner paid, shall be due and payable infull 8~ months from the date of the first payment catled for hereunder in accordance with the terms and conditions hereof. . , r . ~ , , ~ F Tfiis Note may be prepaid in whole or in part at any time without penalty. t ~ 1f any payment of principal interest called for hereunder 9s not paid within ten (10) days of its due date, Borrower agrees to pay a Iate charge equal to either five percent (5%) of any such installment or Fve Dollars ($5.00). whichever is greater. ~ In no event shali ths amount of interest due or payments in the nature of interest payable hereunder or under any mo~tgage security agreement securing this Note, exceed the maximum rate of interest allowed to be contracted for by applicable law, as chan~ed from time to time, and in the event any such payment is paid by the undersigned or received by Holder, then, such excess sum shalf be ctedited as a payment of principal, unless ih~ undersigned shall notify Holder, in writing, that the undersigned elects to have such excess sum returned to it forthwith Time is of the essence of this Note and. in case this Note is collected by law or through an attorney at law, or under advice therefrom, the undersigned agrQe to pay all costs of collection, including reasonabie attome~s fees, which fees are deemed to include. but not fimited to, all fees incur~ed in all matters of cotlection, and enforcement, construction and interpretatioti, before, during and after suit, trial, proceedings and appeals, ~ bankruptcy proceedings or c~editors' reorganization or simila~ proceedings. ! ~ t' ~ t • ~ Alf persons or corporations now or at any time ti~ble, whether primarily or secondarily, for the payment of the r indebtedness hereby evidenced, for themselves, their heirs. legal representatives, successors and assigns, cespectiveiy h$reby expressly waive any presentment, demand for payment, notice of dishonor, protest, notice ~ ~ of nonpayrrsent or protest, diiige~ce in collection, and do consent that tHe time for a!I payments or any part ~ ~ thereof may be extended, rearranged, renewed or postponed, and furthe(consent that the collateral security or any part thereof may be released, exchanged, added tQ or substituted for without in arnrwise modifying, ` altering. reteasing, effecting or Nmiting theicrespective liability hereunder or the lien of any security instrument. ~ ' If mor~ than one party shall execute this Note, the term "undersig~ed", as used herein, shal! mean all parties signing thi8 NQte and esch of them, who shaN be jointly and severally obligated hereunder. This Note is secured by a Mortga~; of even date herewith upon reai property in the State of Florida ~ ~ ;~~~52 . ' - ~ ~ ~ ~~1Y-15 A9 :45 ~ t ~ ~ - (SEAL) ' FiLc r~~~~ ' 1~tcheal J. Folkene E ROGER "r~:=~.:, _ :.:.::K ST. IUCIE C~~°+i i'. -rjt ry -r' . ~ ~i ,i t a.~ ~ , ~ f - ` ~ _ ~ ' _ (SEAL) ~ ' ~ Ttie ~a ~ : Fol'k~ns _i . O ~ - Y _ ~ . ~ ~ - b001c~0 ?i16f ti~ ~ ~ T _ i~' ~ ` i - ~ f.- . . .1 _.,Y' F ' . ~ . . _ . . . - ~~,T~=«."~' ' - - - - - _ - = ~ ~