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MORTGAGS HOTB
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s17.700.00 Jeckaon~ille. Floride -~j
Jnae 23, 1987 s
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FOR VALUE R8C$IVBD, the undersigned, ~ointlp and eeverally, ;
promise to~pay to the order of MORTGAGB FINANCB FqNDING, IHC., a ~
Florida corporation, the principal sum of SBYBIiTBBIi THOUSAI~D SSYBN :
HONDRBD AND N4/100 DOLLABS (=17,700.00), together xith interest on ~
~ the amouat thereof remaining from time to ti~ne unpaid from the i
date hereof, st the rate of tea and three-qnarters per cent
(10.75Z) per annua; bQth pri.ncipal and interest being payable at
the rate of TiIO HONDBBD F08TY-ONB AIiD 32/10t~ DOLLABS (~241.32). on
the lst day of each and every month hereafter, beginning on Angnat
1, 1987. until this note is fully paid, except that any remaining
indebtedneae, if not sooner paid~ shall be due and payable Jal~ 1,_ '
1997; eaid monthly payments shall. be applied firat to intereet and
the balance remaining to principal; payable at any place
designated in ~+riting from time to time bp the holder of this note. :
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We agree to pap the uaual collection charge made by anp bank
or collection agency collecting this note.
We further agree to pay to the bsnk or collection agency, p
t collecting this note a late charge not to eaceed ~.OS for each ~
E $I.00 of each papment more than ten (10) days in arrears to cover ;
~ the extra expenses involved in handling delinquent payments.
3 ~ " ~
; If any payment is not made when it becomes due, the entire ~
~ unpaid principal shall become due without notice at the option of
, the holder, and failure to ~exercise that option shall not weive
the right to exercise it in event of a subsequent default. ;
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In the event this note is placed in the hands of an attorney . :
; for collection (withvut action) after default, the undersigned ~
' agree to pay the reasonable attornep feee of the holder, so
~ incurred. In the event action is brought in a court of competent
~ ~urisdiction to enforce coll.ection of this note after default, the j';
undersigned agree to pay. all court costs incurred plus an F
~ attorney's fee of ten per cent (10~) of the then remaining unpaid
~ principal balance of this note, together with interest due and
unpaid or ~1,000.00 whichever sum is.greater.
Each maker and endorser Waivea presentment, proteat~ notice - ~
of protest and notice of dishonvr. a
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This note is secured by a mortgage of even date hereWith ort
real property in St. Lucie County, Florida.
This note may be prepaid at anp time without penalty.
MAKERS' ADDRESS: '
1003 N. 35th Street /s/JONN WESLEY WHITE (SEAL)
JOHN WBSI,gY itHITS
Ft. Piercet Florida /s/RITHA L. WHITE (SEAL)
RITHA L. iiHITB
(DUCUMENTARY STAMPS AFFIXED TO
ORIGINAL MORTGAGE AND GANCELLED)
~ soox 548 FACE ~ 930