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Home My WebLink About0787 IC.(~44~1~\~C\IhM •NO PiNMAMl~NT~ ' ~ 513.504, Op MORTGAGE NOTE Febru~r,y 22, 1974 Amount of the Note; F1 Vt~ `1@dY'9 Date of Noto: ~laturity Date: Inte~est Rate: Interest Pcriod: From the date hereof thmugh Amortization Period: Fromrthe ~y ~aiter the ~nte~est~Ye'n8od totth~ Malu~ Ty ~at~.luy j'nt~regt Inslalment Payment: ` '~rC.l 1 ~ 197? First Instaiment Payment Date: ~ FOR VALUE REC~IVED, the undersigned And if more than one, jointlv ~nd severally (the Maker), does hereby covenunt and E~romise to pay to the order of SUh Bank Of St . Lucie County or to its suiressors or assigrs (collertively the Payee), at its princi}~al office at 111 Orange Avenue, FOx~ Pierce, Flaor at such other plpce as the Payce may designate to the \rlaker in writing from time to time, in legal tender of the United States, the Amount of the Note or so much thereo[ as may be advanced (the Princi~~al Amount) by the P:iyee pursuant to a conslruction toan agreement or loan commitmeni,_ beiween the Maker and the Yiiyee, together ~.~ith interest nt the Interest Rnte on the unpaid b:~lance of the Princip:~l Amount. During the Interest Period interest trom the dnte of each advance, at the Interest Rate, sh~ll be payable monihly on tne first day of the inonth following the month in which the first advance is made and on the [itst day of each month thereaEter: during the Amortization Period equal monthly instnlments, each in the amount of the Instalment P~yment, the first such Inst~zlment Payment to be made on the First Instalment Payment Date and suhsequent Instaiment Pay ments on the first day of earh month themafter until the Maturity Date whernupon the entire unpaid balance o( pr.ncipal and interest arcn~ed and unpaid thereon shall become due and pays~ble; each such instalment when paid shall be applied first to the payment oi interest on the unpaid bal:~nre at the Interest Rate and the remainder thereot to payment on account of principal. _ . If interest or any Inst~lment Paym~nt shall not be p:iid when due, then the entire principat sum and acrrued interest " :~ereunder shali become due ~nd F~ayable ai once or thereatier, at the option of the holder of this IVote. The Payee may, at its option, roitect a late charge not to ezceed two cents for each one dollar of each Instalment Payment not paid ~hen duc to reimburse the Payee for eapenses of servicing delinquent Instalment Payments, Failure to exemise these o~,tions shail not constitute a~vaiver of the right to exemise the same in the event of any subsequent detault. i ` It is turtber ag:eed that the Maker and each endor:er, surety, guarantor, jointly and severalty, shall pay all costs of ` coll~tition of this ~iote, including a reasonable attorney's fee, on failure to pay any Instalment Payment or any accrued interest due hereunder on the due date thereof. T6is 1`'ote and ait sums due hereunder shall bear internst at the highest taw•ful rate of interest E~er annum in the SL~te of Florida from the dale when the principal and accrued intereat under ! tnis Note s}i:~ll be due and payable. The total intcrest payable hereunder shall not in any one year exceed the highest law•ful r:tte of interest in the State of Florida. ~ Thic \iote is serured by a N,origage, dated the date hereof, of properiy situated in the State of Florida. : i The hiaker a;,rees that it shali tx: bound by ::ny aRreement extending the time or modifying the above terms of pay- ~ ment, made by the Payee and the ownet or owners ot the ~~ro~~erty 3ffected by said ~'Iortgaqe, whether w~th or withoui ~ notice to the ~taker, and the viaker shall continue liahte to pay the amount due hereunder, but wiih interes! ai a rate ; no greater than the Interest Rate, according to terms of any such~agreement of eztension or modiGcation_ The unpaid tialance of the Principal Amount, plus acxrued internst shall become due and payable at the option ot ~ the Payee under the happening of an eveni by which said balance shall or may become due and payabie under the ~ terma of ~aid ilortgage. - ~ - Y This Note may not be changed oraily, buf only by an agreement in writinR, sigr?ed by the party against whom en- - forcement ot any waiver, change, modification or d:scharge is sought_ ' All parties to this Note, whether Ataker, principal, surety, gvarantor or endorser, hereby waive presentment for ~r.~~•ment, drmand, protesi, notice of protest, and notice of dishonor, and exprecsly agree jointly and severally to renk~in ~ :ind continue liound for the payment of the principal and interest provided for ny the terms of this 1~'ote, notwithstanding j :~ny ext~ion or extensions of the time of, or tor the payment of said principai or interest, or any change or changes in the ~mount or amounts agreed to t~ paid under or by virtue oi the obligation to pay provided for in this Note, or 3 any chanFe or changes by way ot reiease or surrender orsubstitution of any real property and collateral, or either, held - :~s security for this ~Iote, :~nd waive all and every kind of notice of such e~tension or eYtensions, ehange or changea, and ~~grce that the same may be made without the joinder of the :tlaker. ; ~ ; /s/ Ovide J. Vachon ~ /s/ Antoinette L. Vachon ~ = F 224 F~~ 78s ~ . ~ ~ - ~ . _ . _ - ~ _ -