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HomeMy WebLinkAbout2617 /?(ANANLNfI • ~ MORTGAGE NOTE ; 9 , ~J~v . J:: Date ot Note: ~='Y'1? , } `~74 Principal Amount: Mefurity Date: ~l~t~tl Yc:~?Z_~ Intereet Rate: ° ~ ~ Amortization Period: Fmm the daY hereot to the Maturity Date. 1 Instalment Payment: ~ Firat Inatalment Payment Date: 1, i~'7 ~1 FOR VALUE RECEIVED. the undersigned and ii more than one, jointly and severally (the ~laker). doea~hereby covenunt and promise to paY to tl?e order of Sun Bank of St. Lucie County or to its successors or assigns (collectively the Payee). at its principal oifice at 111 Orange Ave., Fort Pierce. Fla. or at such other place as the Payee may designate to the Malcer in writing from time to time. in legal tender of the United States, the Principal Amount together with interest at the Interest Rate on the unpaid balance of the Pr~ncipal Amoun~ The sums due and owinR hereunder ahall be payable during We Aawrtization Period in equal monthly inatalmenta. each in the amount oE the Instalment Paymen~ the tirst auch Inatalanent Payment to be made on the First Instalment , Payment Date and subsequent Inatalment Payments on the tirst day of each month thereafter until the Maturity Date whereupon the entire unpaid balance of principal and intereat arcrued and unpaid thereon shall become due and pay- able; ~ch such instalment v?hen paid shall be applied firat to the payment of interest on the unpaid balance at the In- terest Rate and the reznainder thereot to payment on account of principal. If any Instalment Payment shall not be paid when due, then the entire principal sum and axrued interest 1~e*e- under shall become due and payable at once or thereafter, at the option of the holder of this Note. The Payee may, at its option, coUect a late charge not to exceed two centa tor each one dollar of each Instalment Payment not paid Yvhen due to teimburse the Payee tor ezpenses of aervicin8 delinquent Inatalment Paymenta. Failure to ezercise these options shali not conatitute a waiver of the right to e:ercise the same in the event of any aubsequent defaul~ It is further agreed that the Maker and each endoraer, surety, guarantor, jointly and severally, shall pay all coets of collection of this Note. including a reasonable attorney's fee. on failure to pay any Instalment Payment or any accrued interest due hereunder on the due date thereof. This Note and all sums due hereunder shall bear interest at the highest lawful rate of interest per annum in the State of Florida fmm the date when the principal and accrued interest uncier this Note ahall be due and payable_ The total interest payable hereunder shall not in any one year e:ceed the highest tawful rate of interest in the State of Florida ' This Note is secured by a Mortgage. dated the date hereof, of property situated in the State of Florida. ~ 1'he Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above terms of ~ payment, made by the Payee and the ovmer or owners of the property affected by said Mortgage, whether with or with- out notice to the Maker, and the Maker shall continue liable to pay the amount due hereunder, but with interest at a E rate no greater than the Interest Rate, according to the terms of any such agreement oE e:tension or moditication The unpaid balance of the Principal Amount, plus accrued intere.st shall become due and payable at the option of the Payee under the happening of an event by which said balance shall or may bec.~ome due and payable under the terms of said Mortgage_ This Note may not be changed orally, but only by an agreement in writing, aigned by the party against whom en- forcement of any waiver. change, modification or discharge is sought All parties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment for payment, demand, protest, notice of protest, and notice of dishonor. and ezpresaly agree jointly and severally to rnmain and continue bound tor the payment of the principal and interest provided tor by the terata oI this Note, notwithstanding any extension or e:tensions of the time of, or (or the payment ot said principal or intet+est, or any change or changes in the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided tor in thia Note, or any change or changes by way of release or surrender or substitution of any real property and collateral, or either, held as security for this Note, and w•aive all and every kind of notice o( such e:tension or e:tensions, change or changes, and agree that the same may be made without the joinder of the Maker. . . ZC'.:,ri . ~ ~s.) .:X1ri~~: Avez,ue : ~~t : ir_rc~, ~~lori~.a :,~3~°': ~ ~ /s/ Odra Wilson , i 4 :4 gQOK 2~5 ~2611 r„rr~ ati - rr~trrtr e1 e¢.u~r t: - - . ~ =~~"r ~ ~ ~~w-,=°~rs: w:-~~;- ; - i E~'w, ` _ n _ _ . .L-- ~ . _ ...aa.fv. . :'Y~ _ _