HomeMy WebLinkAbout1166 MORTGAGE NOiE RAMGO FQRM SJ
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FOR VALUE RECEI~'ED, thc undersiqned, (jointly and ie~~eraily. if mo~e than one) promiue to pay to
S.E.B. ASSOCIATES, LTD., a Delaware corporation, d/b/a MAJOR
ELECTRICAL SUPPLIES , or order, in the msnne~ hereinatter speci(icd,
che p~iadpal :um ot FIFTEEN THOUS.AND 00 /!00 DOLLARS
15 ~ 0~0 ) witb interat (rom date at the rate of 10 per cent. per aenum oa the balance [~om time to time remainins un aid.
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'The ~aid principal and intereit ihall be payabk in i~wful money ot the United Statn of America st p. O. BOX 5 2 34 2 7, M1dI[I~
Florida 33152 or at such place a~ may herca(t~r be d~•rianated by written notice (rom the holde~ to tbe maker h~reo(, on
the date aod in the manner following:
The sums due hereunder shall be due and payable as follows:
$200.00 per month for the ffrst three months commencing January
15, 1990; $400.00 per month for the subsequent nine months;
$600.00 per month until the note is fully paid together with all
interest accrued thereon. Each payment shall be applied ffrst to
the payment of interest and then to the reduction of principal.
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This note with interest is secured bY a mortgs~c oa real ettate~ ot even date berewith, made by the maker hereo( in favar o[ the uid
payee, and ahaU be conatrucd and entorced accordins to the laws ot the State o[ Fbrida.
It default be made in the paymeat o[ any of the aumt or intvest mentioned herein or in uid mortsaaq or in thc performance ot
any oI the a~reemenu wntaincd herein or in ~aid mort~aae, thm the entire principal tum anc! aeuued intere~t thail at ehe cption of the
holder herco( become at oace due and collectib4 withait ewtice. time bein~ o~ the e~ente; and uid printipal ~um and accru~d interest
shatt both bear interat fcom iuch time until paid at tLe hiahat rate albwabk under tlte Lwn of the State of Floridu. Failure to ~xerci~e
thu option ahaU not corutitute a waiver of the rig6t to euercue the ~ame in tl~e eveat o[ anr sub~equent def~uit.
Each penon liable hereon whether maker or eadorser~ hereby waives pre~entrnent, protat~ notice notice oE pwtest and notice oE di~•
honor and aarce~ to pa~r aU costs~ indudin6 s rea~onabk attorney'i (ee virhether wit be brou6ht or not, i~, atter matur+tr of thii notr or default
hereuader~ or under sud mortgasq counxl ~hall be empbyed w wl~ect this note or to protect the ~ceuritr ot taid mo~ase.
Whenever wed herein the termi "hokier", "maker" and "pa>Ye" ~haU be comtrued in the ' lar or plural aa the conteat mar
require or admit. ~f Q '
Maker'~ Addres~ . ~~`"••-f•••-•-`••....LY' .(SEAL)
.
ROGER ~W. DAVIS, JR.
( SEAL)
( SEAL)
...................................................••••••-...............__.........._........__......(SEAL)
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