HomeMy WebLinkAbout0916 MORTGAGE NOTE ~
Winter Naven, Florida ;
$1,430,150.00 September 3, 1982. `
,
FOR ~ALUE RCCEIVED, the undersigned, (jointly and severally, ;
if more than one) promises to pay _to_JAMES SHUFORD and- ARLENS SHUFORD,
his wife, as to- an u~d.}~vided 608 interestf BOWEN SROTHERS, INC., a ' #
Florida Corporation, as to an undivided 20$ interestf and, DAVID S. i
ALBERTSON, as to an undivided 20$ interest, or order, in the manner. '
hereinafter specified, the principal sum of ONE MILLION, FOUR HtfNDRED
THZRTY THOUSAND, ONE HUNDRED FIFTY AND NO/100------~-_-_---_DOLLARS
($1,430,150.00) with.~nterest from date at the rate of 13 per cent, .
per annum, on the balance from time to time remaininq unpaid. The
said principal and interest shall be payable in lawful money of
the United States of America at P. O. Box 1609, Winter Haven, Florid~,
or at such places as may hereafter be designated by written notice
~ from the holder to the maker hereof, on the date and in the manner ~
~ following:
$221,304.02 which includes interest at the aforesaid '
rate shall be due and payable on the 3rd day of September,
1983, and a like payment of principal and interest shall
• be due and payable on or before the ~~rd day of September,
each and every year thereafter for a total of fourteen
(14) such annual payments; on or before the ~d day of
September, 1997, the 15th and final payment of $221,301.43,
which includes interest at the afore~aid rate shall be
due and payable. ~ ~
THIS NOTE MAY BE PREPAID AT ANY TIME IN WHOLE OR IN
PART, WITHOUT PENALTY. .
This note with interest is secured by a Mortqage on real .
estate and a Security Agreement.coverinq fruit crop proceeds of even ~
date he=ewith, made by the maker hereof in favor of the said payee.
This note shall be construed and ~nforced accordinq to the laws
of the State of Florida.
If default be made for 15 days in the payment of any of the sums
or interest mentioned her~~in or in said mortgage, or in the performance
of'any of the agreements contained herein or in said mortqaqe, then
the entire principal sum and accrued interest shall at the option
of the holder hereof bec:ome at once due and collectible without
notice, time being of the essence; and said principal sum and
accrued interest shall both bear interest from such time until
paid at the highest rate allowable under the laws of the State
of Florida. Failure to exercise this option shall not constitute
a waiver of the right to exercise the same in the event of any
subsequent default.
Each person liable hereon whether maker or endorser, hereby
waives presentment, protest, notice, notice of protest and notice
of dishonor and agrees to pay all costs, includinq a reasonable
attorney's fee, whether suit be brought or not, if, after maturity
of this note or default hereunder, or under said mortqage, counsel
shall be employed to collect this note or to protest the security
of said mortgage.
Whenever used herein the terms "holde ""maker" and "payee"
shall be construed in the singular or plur~ as the co ~ext may.
require or admit. . !
_ `--J' , _ / ~ ~ .
~ ' / - ~
'1~~--. _
~c~ _ . ~ ~
Paul H. Freeman, as~ Trust~e
Maker's Address: . ~
Z050 Coral Way,
Miami, FL 33145
BOOK ~~V PAGE 9~O
E~HIBIT "A" . ~
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