(DOWNLOAD) "William H. Kay and W & E Kay Realty Company v. Thomas M. Amendola" by Second District Court of Appeal of Florida ~ Book PDF Kindle ePub Free
eBook details
- Title: William H. Kay and W & E Kay Realty Company v. Thomas M. Amendola
- Author : Second District Court of Appeal of Florida
- Release Date : January 24, 1961
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 74 KB
Description
The appellees, John W. Stellmon and Velma I. Stellmon, his wife, executed and delivered to appellant, First Mortgage Corporation of Vero Beach, their promissory note in the sum of $20,320, dated August 25, 1961, and payable in 120 equal monthly installments of $167.65, with interest from maturity at the rate of 10% per annum until paid. The appellees received for their note the sum of $12,840.60, which included $140.60 in closing costs. The amount of the note was obtained by making a 5% add-on for the period of ten years, and adding the closing costs. It was stipulated by parties, that in event the note had run to maturity, the plaintiff would have received slightly less than 10% per annum interest. To secure the note the appellees mortgaged to appellant certain lands in Indian River County.