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Home My WebLink About0783 ~CANSTI1UCTtON AhD IEN41NFNt~ 58,000.00 MORTGAGE NOTE Februarf 22, 1974 ~ Years Amount ot the Note: Date ot Note: ~ ~i ~ Maturity Date: Intereat Rate: Interest Period: Erom the date hereof through $1G~.l:i Amortization Period: From the day aftes the Intereat Periad to the Maturity Date. ~ A~ril ZS, 1974 Instalment Payment: First Inetalsnent Payment Date: ` FOR VALUE RECEIVED, the undersigned and if morc than one, joint~v and severally (the Maker), does hereby cor•enant nnd promise to pay to the order of SUII Bank Of $t. Lueie COL1I1ty - or to its successors or assigns (coliectively the Payee). ut its principat oifice at ~,11 Orange Avenue, Fort Pieree, Fldor at such other ptnce us thc Payee mny designate to the Maker in wriiing from time to time, in legal teade~ of the LJnited States, the Amount of the Note or so much ihereof as may be advan~~ed (the Principal Amount) hy the Payee pursuant to a rnnstruction la~n agree~ient or lwn commitment, between the 1ltaker and the Payee, to~;ether with interest at the Interest Rate on the unpaid b~+lance of the Principnl Amount. During the Intetest Period interest from the date of each advance, at the Interest Rate, shall be payable monthiy on the firsi day of the month fotlowing the monlh in which the ~rst advance is m,~de and on the tirst day of each month therenfter: du~ing the Amortization Period eqtial monthly instalments, each in the amount of t6e Instalment Payment, the first such Insl~~iment Payment to be made on the First Instalment Payment Date and su~sequent Inst~~lment Pay- inents on the first day of ench month thereafter until the A4atutity Date whereupon the entire unpaid balance of principal and interest accn?ed and unpaid lhereon shall become due and payable: each such instalment when paid shall be applied tirst to the p:iyment o[ interest on the unpaid balance at the jnterest Rate and the remainder thereof to payment on account of principal. If interest or anv jnstalment Payment shall not be paid when duc, then the entire principal sum and acrrued interest hereunder shall became due :~nd {~ayable at onre or thereaf ter, ati the option of the holder of this Note_ The Payee may, at its option, coliect a late charge not fo ezceid two cents for each one dollar of each Instalment Payment nof paid when due to reimburse the Payee for expenses of servicing delinquent Instalment Payments. Failure to exemise these oJ~tions shnll not ronstitute a waiver of the right to exemise the same in the event of any subsequent default. It is turther agreed that the hiaker :u~d each endor~er, surety, guarantor, jointly and severatly, shall ~y a11 costs _of coltection o[ this \ote, incluciing a reasonable aitorrtey's fee, on failure to pay any Jnstalment Payment or any acrtued interest due hereunder on the due date thereof, This Note and all sums due hereunder shall bear ;nterest at the highest lawful r:~te oi interest per annum in the State of Florida from the date when the principal and accrued interest under this Note shall be due and payable. The totat inter~gt payahle hereunder sha1~ not in any one year exceed !he highest iawfui rate of interest in the State of Florida. This l~ote is r,ecured by ~~iort~age, dated the d::te hcreof, ot property situated in the State of Florida. i The ~4aker arrees tnat it shail be bound by any agreement extending the ti~ne or modifying the a}wve terms of pay- ment, made by the Payee and the owner or ow~ners of the pro}~erty affected by said ~4ortgage, whether with or without ~ notire to the ~taker, and the hlaker shali rontinue liable to pay the amount due hereunder, but with interest at a rate no reater than the Interest Rate, acrordin to terms of an such~a F K y greement of extension or modification_ t ~ The unpaid balance o[ the Principat Amount, plus accrueci interest s}iall become due and payable at the option of t ihe Payee under !he hippening of an event by which said balance shall or may become due and payable under the ; terms of caid Mortgage. - - ` This Note may not be changed oraity, but only by an agreement in writing, signed by the party against whom en- s 3 forrement of any waiver, change, modification or discharqe is sought. 's. ~ All parties to this Note, whether ~'Iaker, principal, surety, guarantor or endorser, hereby waive presentment for ~~a~•ment, demand, protest, notice of protest, and notice of dishonor, and exprecsty agree jointly and severally to remain ; and conlinue tround for the payment of the principa! and interest pmvided (or by the terms of this Note, notwithstanding ~ any extension or extensions of the time of, or for the payment of sa?d principal or interest, or any change or changes ~ in the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided f~r in this Note, or any chanFe or changes by way of release or surrender or aubstitution o( any real property and collatera], or either, held as security for this ~iote, and waive a11 and every kind of notice of such extension or extensions, change or changea, and ~ agree that the same may be made without the joinder of the Maker. ~ € /s/ Bruno K. Petersen ~ /s/ Gurli Petersen 7 ' I ~ ~ : : ~ 224 F~~ ~82 ~ ~ - - - - _ . -