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Home My WebLink About0979 . ; ~I I ~ RecNred ~ ~n Ps~m,.nt ot Tsxia Due On C?au ~~L~~ i~:ao,iwe Pe~ ~oa••ar. UNIT WEEK 33 UNfT D-21 Pursuant TJ Chap er 71. 134. ACts pf 1~71~ ROGER wiTw~s UNtT WEEK UNIT ~ Cbrk Grcuit Court. St ~uct0. Co.. MORTGAGE NOTE $ brin~ield~ VA Fwhruir~ 26 , 19~-. FOR VALUE RECEIVEQ, the undersigned jointly and severaliy promise to pay to the order of TURTI.E REEF ASSOCIATES, INC., a Florida corporation, (hereEnafter, together with any subsequent holder hereof. refeRed to as "Holder"), whose principal addresa is P.O. Box 1588, Jensen Beach, Florida 33457, without g~ace, the principai sum of s~~ TH4II8~ ON8 HUNDRED and NO/100--_~___________.._~~RS ?,100.00 F,iiteen kNine Tenthe15.9 together witfi interest thereon at the rate of percent per annum, in monthly instaliments of ON8 HUNDRSD FOURTY k 8~/100 DOLLARS 140.62 payabie monthy on the first of each month~ beginning on such date as may be directed by Holder. but in no event later than 120 days from the date hereof, and each consecutive month thereafter until paid in full. No interest shail accrue hereunder prior to the recording of the Mortgage of even date herewith or90 days hom the date hereof, whichever shall first occur. Ail instaliments or payments sha!! be first applied to interest accn~ed and the baiance thereof to principal. The entire remaining principaf balance outstanding hereunder, if not sooner paid, shall bedue and payable intull 84 months from the date of the first payment calied for hereunde~ in accordance with the.terms and.coilditions hereof. ~ This Note may be prepaid in whote or in part at any time without penalty. ~ ; . if any payment of principal interest called for hereunder is not p~id within ten (10) days of its riue date~ { BoROwer agrees to pay a late charge equal to either five percent (5%) of any such instaliment o~ Fve Dollars ($5.00), whichever is greater. ` In no event shall the amount of inte~est due or payments in the nature of interest payable hereunder ~r under any mortgage security agreement securing this N~te, exceed the maximum rate of interest allowed to be contracted for by applicable law, as changed from time to time, and in the event any such payment is paid by the undersigned or rece':ved by Holder, then~ such excess sum shall be credited as a payment of principal, unless the undersigned shall notify Holder. in writing. that the undersigned elects to have 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 attorney at law, or under advice therefrom~ the undersigned agree to pay all costs of collection, including reasonable attome~s fees, which fees are deemed to include~ but not limited to~ all fees incurred in all matters of collection, and enforcement, construction and interpretation, before, during and after suit, trial, proceedings and appeals, bankruptcy proceedings or creditors' reorganization or similar proceedings. All persons or corporations now or at any time liable, whether primarily or secondarily, for the payment of the indeb:edness hereby evidenced, for themselves, their fieirs. Isgal representatives, successors and assigns, ~ respectivety hereby expressly waive any presentment, demand for Rayment, notice of dishonor, protest, notice ~of nonpayment or protest, diligence in collection~ and do consent that the time for all payments or any part ~ thereof may be extended, rearranged, renewed or postponed~ and furtherconsent that the collateral security or ~ any part thereof may be released, exchanged. added to or substituted for without in anywise mociifying, altering, releasing. effecting or limiting their respective liability hereunderorthe lisn of any security instrument. Y If more than one party shall execute this Note, the term "undersigned", as used herein, shall mean all parties signing this Note and each of them, whe shall be jointly and severally obligated hereunder. This Note is secured by a Mortgage of even date herewith upon real property in the State of Florida ~ ~ ~ '7~p684 '86 M~Y 15 A9:56 F . (SEAL) ROG~ ~ . ST. LUG~"t Walter J. Raineq ~ ~ ~ cs~u Lynn A . l[aClosky ~ D~500 97't w-: ~ , _ ~--.p-.,.-.s-- ~ - _ _ - - - - - $ - _ . - - - _ ~ _ _ - - - ~