HomeMy WebLinkAbout0936 MORTGAGE NOTE
$1,430,150.00 ~ Winter Haven, Florida
September 3, 1982
FOR VALUE R~CEIVED, the undersigned, (jointly and severally,
if more than one) promises to pay to JAMES SHUFORD and ARLENE SHUFORD,
his wife, as to an undivided 608 interest; BOWEN BROTHERS, INC., a
Florida Corporation, as to an undivided 208 interest; and, DAVID S.
ALBERTSON, as to an undivided 208 interest, or order, in the manner.
hereinafter specified, the principal sum of ONE MILLION, FOUR HUt7DRED ~
,
TY 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 remaining unpaid. The !
said principal and interest shall be payable in lawful money of
the United States of America at P. 0. Box 1609, Winter Haven, Florida,
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 day of September,
each and every year thereafter for a total of fourteen
(14) such annual payments; on or betore the 3rd day of
September, 1997, the 15th and final payment of $221,301.43,
which includes interest at the aforesaid 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 Mortgage on real .
estate and a Security Agreement,covering fruit crop proceeds of even ~
date herewith, made by the maker hereof in favor of the sai~ payee. ~
This note shall be construed and enforced according to the laws ~
of the 5tate of r'lorida.
If default be made for 15 days in the payment of any of the sums
or interest mentioned herein or in said mortgage, or in the performance
of'any of the agreements contained herein or in said mortgage, then
the entire principal sum and accrued interest shall at the option
of the holder hereof become 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, herelay
waives presentment, protest, notice, notice of protest and notice
of dishonor and agrees to pay all costs, including a reasonable
attorney's fee, whether ~suit be brought or not, if, after maturity
of this note or default hereunder, or under said mortgage, counsel
shall be employed to collect this_note or to protest the security
of said mortgage.
Whenever used herein the terms "holder`" "maker" and "payee"
shall be construed in the singular o j plura~l as the co ~ext may
require or admit. ~ _
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Paul H. Freeman, as Trust~e
Maker's Address: ,
.
2050 Cor~l Way,
Miami, FL 33145
go~K 578 P~~ 930
E:{HIBIT "A"
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