HomeMy WebLinkAbout0420 h~~4°TG~lG~ ~O i ~
rlmount oi ti~e ~totc: y 3l1 ~ 000. 00 Date ot xoee: February 1~ ~.974
htaturity Date: aa:A Yaars - ~
Intere~t Rate: ~~S
Intereet I'criod: From the date henro: through
_ Amortization Pcriod: From the day after the Intereat Period to the Maturity Date.
Ins~lm.nt Pnym~nt: ~ 3~j • Q~ ~nthly for 12u months beqinning August 10, 1974
First InstaLnent Payment Date: Aliy~23t 10 ~ 1974 '
FOR ~'AI.I~E RECriV::D, the u:ic:ersi~ned and if more than one, joint.v anci ~e~•~r..:iy (t:~e :1~aker), does hereby
covenant and promisc to pay to thc o:dcr of SUI1 Bank Of $t. L11C1@ County
o~ to itc ~uccc~.;ors or as~igns (co:iectivcly the Payce}, at its pzinc:pal ofti~-a at 111 Orange Avenue,
Fort Pierce, FlcZor at such otiic: plan~ as the Paycc may designa:c to tt;c 1~:a~:er in wri:ing from timc lo timc,
in le~;.~l tencier o( tt.e tTniteci Staces, tae Amo~nt o[ the \ote or so much thereot as may be advanced (the Princira{
~~mount) liy the Payce pur;uant to a construction la~n agreement or loan comn:itmcni, beiween the viaker and the
Yayce, together aith interest at the in:erest Rate on the unpaid b:iiance of the Principal Amount. -
During the Inteze~t Per:oC interest from the d.:te of e:?ch advance. at the Intrrest Rate, s:~all be payaUle monthly on
tise f~rst dap of the mo:itn iollo~~•ing che month in which the fi:st advance is made and on the tirst day ot each month
t2icreafter; durin~ the Amortization Period equal monthiy inst~~lments, each ire the amount o: the Instalment Payment,
t::c tirst such Inctalment ?ayment to 'oe made on t:?e First Insta:racnt Payment Date and suosequent Inst~lment Pay-
m.nis on the first day of each monih thcreattzr uniil the Matcrity Da.e whergu;ion the entire unpaid balance oi principal
and intemst accrued and unpaid thereon siiall become due and payable; each scch instalment when paid shail be appliecl
first to thc parmes~t of interes: on the unpaid bafance at the Interest Rate and the remainder thereot to payment on
account oi princij~aL
I[ interest or anp ins;.iiment Paynx~nt shall not i?c paid «•hrn dcc, tnen the cnlire ~~rincipal sum and accrued intere~t
h~•r~~und~r siiall bccu:nc d~ic ~nd payab~c at once or tharcafier, at thc option of thc holde: o: this Note. The Payc:e
may, at its option, rollect a lai~ cnarae no: to ezc.tid :~vo cent~ for each one dollar of each TnstaIment Payment not paid
~~•i~en tiur to rninzhu:se the Payee fos cx{~ences of se:vicing deiincuent Ir.sk~InienL Payments. Failure to exercise these
options ~h~ll not consti:ute a waiver o~ the ri~ht to exercise the sarr.e in the event of :u~y subsequent de:ault.
'i It is iurther aFrc~d th:,t t:~e \laker ana cac:~ etu:oz~er, surety, ~aaranior, juir.tly and severaily, shall pay all costs of
~ coiiection of this \'ot~, in~•tu~iin;; a r.::sonab3e .^.:lorney's :ee, on failure to pay any Insiaiment Payment or any acrrued
i intcrest due aercunder on thc due d.;te tnercof. This \ote and ail scros due ne:eunder snall bear interest at the hiFhe4t
° i:~~.iul rate of intc:est per annum in tne Sta:e of Plorida from the date w:~en the principal and acctued interest under
4 tizis Note sh:?ll bc cine and payable. Thc totzi intesest payable hercunder sha:i not in any one year exceed the highest
~ lawful rate of intcrest in tne Sta:e of Flo:ida.
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~ 1'his Aote is ~~cured by a~;o:t~a;,e, dated tic d:.te hercof, of pm;~erty situ:ited ir. the State of Fiorida.
f The \iakc~r a~me.. :aat ii ~hail be i~ound uy am ..~reement exier.ciin~ ihe t:~~~e or modiiying the atx~ve terms of pay-
mcnt, m:ide by t:ie P:~~•ce :~r~d th~ owcc: or o~vnc:s ot the ~~roy>crty af:e:.ted by ,:iici ;1:ori;,ane, whether with or without
~ notice tu ti~e ~ia;cer, anci tne ~::~;cer sLail ronfi:.ue liab3e to pay the amo~int due hereunder, but with interest at a rate
no greater than the Intere.t Rat~, accordin~ to te:ms ot any such~aareement of extension or modification.
3 The unpaid balanre of ci~e Principal Amount, plus accrued in:erest shali become due und payable at the option of
s: the Payee under the happening oi an event by which said balance shall or may become due t?nd payable under the
tcrms o( said ~Iortga~e. - , -
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~ This Note may not be changed oraiiy, but or.ty by an aRrerment in writin~. signed by the party against whom en-
forcement of any waiver, change, mociification or ditcharge is sought.
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All parties to this :`ote, wheihcr ~Saker, ~rincipal, snrcty, gua:antor or endorser, h~reby waive presentment for
:x
pr~~•ment, cie:nand, arotest, no;ice of protesi, and no:ice of dishonor, and ex~ressly ~ome jointly and severaDy to remain
~ and continue bounri :or ihe payment oi the principal and interest ~ro~•ided [o: oy lhe terms of this \'ote, notwithstanding
any eatension or extens;o~s oi the ti:r.e o.`, or ior t~:e payment of said principal or in:erest, or any change or changes
~ in the .unount or 7IllOUi1CS a~;recd to be i~aid Lnc:rr or by virtue of ihe oblio:,:ion to pay provided for in ihis Note, or
~ :iny ch:~nFe or chan~~s by way of reic:~se or surrender o: substi:ution oi any real property and coilateral, or either. held „
r; as ~security (or this \ote, and waive ati and every kind oi noiice of such eztension or eztensions, change or changes. and
_ agree that tne same may be made w•ithout the ~oinder of the Maker.
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:.7 /s/ Earl V. Turner
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/s/ Esther N. Turner
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