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Home My WebLink About0973 ~ Pf NNANCNT 1 MORTGAGE NOTE Principni Amount: ~?7, 7~~, Date ot Note: Ap='~l 17~ 1974 Maturity Date: May 17. 1989 Interest Rate: g2~ Amorlization Period: From the day hereot to the Maturity Date. Inatalment Payment: ~265. flrst Instalment Payment Date: Ma?y 17~ 1974 FOB Y~LUE RECEIVED, the undersigned and if more than one, jointly and se~erallp (the \laker), does hemby co~enant and promise to pay to the order of Sun Bank of St. Lucie County or to its successors or assigns (coltecti~ely the Payee). at its principal office at 111 Orange Ave., Fort Pierce, Fla. or at such other place s?s the Payee ma} designate to the Maker in writing from time to time, in legal tender of the United States, the Principal Amount together H~th i interest at the Interest Rate on the unpaid balance of the Principal Amount. ~ The sums due and owinR hereunder shall be payable during the Amortization Period in equal monthly instalments, each in the amount of the Instalment Payment, the tirst such Instalment Payment to be made on the First Instalment Payment Date and subeeQuent Instalment Payments on tbe ~'~~1day ot each month theteafter until the Maturity Date whereupon the entire unpaid balance of priqcipal and intereat accrued and unpaid thereon shall become due and pay- able; each such instalment when paid shall be applied first to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereof to payment on account of principal. If any Instalment Payment shall not be paid when due, then the entire principal sum and accrued interest here- under shall become due and payable at once or themafter, at the option of the holder of this Note. The Payee may, at its option, collect a late charge not to e:ceed two cents for each one dollar of each Instalment Payment not paid when due to reimbur3e the Payee tor expenses of servicing delinquent Instalment Payments. Failure to exemise these options ahall not constitute a waiver of the right to exerrise the same in the event of any subsequent default_ It is turther agreed that the Maker and each endorser, surety, guarantor, jointly and severally. shall pay all costs ot collection of this Note, including a reasonable attorney's tee, on failure to pay any Instalment Payment or any acrrued 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 from the date w:~en the principal and accrued interest uncier this Note shall be due and payable_ The total interest payable hereundet shall not in any one year exceed the highest lawful rate of interest in the State of Florida. This Note is secured by a Mortgage, dated the date hereof, ot property situated in the State of Florida. ' The Maker agrees that it shall be bound by any agreement extending the time or modifying the above tern~s of payment, made by the Payee and the owner 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 rate no greater than the Interest Rate, according to the terms of any such agreement of extension or modification. The unpaid balance of the Principal Amount, plus accrued interest shall become due and payable at the option of the Payee under the happeninR of an event by which said balance shall or may become due and payable under the terms of said Mortgage. This Note may not be changed oratly, but only by an agreement in writing, signed by the partv against whom en- tomement 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 e:pressly agree jointly and severally to remain - and continue bound [or the payment oi the principal and interest provided for by the terms of this Note, notwithstanding any extension or eztensions of the time of, or (or the payment oi said 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 for in this Note, or any change or changes by way of rnlease or surrender or substitution of any real pmperty and collateral, or either, held as security tor thia Note, and w~aive all and every kind ot notice of such eztension or e:tensions, change or changes, and agree that the same may be made without the joinder of the Maker. -.ker ~hall have the privilege to prepay the vrhole or part of thc ual~aid balance of the g'rincipal Amount vrithout any ~remium upon prior vo?ritten notice /s/ John Tragellis ic~ :~yee, , ravic:ec th :t interest at the Intereet Rate i~ paid to the ciate of pre- _~aymeat on the :-r uunt ot the t riacipal /s/ Marie-Jose Tragellis Ajtlount L~zen'+{d. _ °~t~a~~ ~ ~ l~ /~'„AM iP3 - F5Ifi1~~: el iL.A.~!1 ` 't § _ _