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HomeMy WebLinkAbout1134 rtwr~ti[tir~ MORTGAGE NOTE Principal Amount: l~ V U U. J O Date ot Note: ~Y'Ch Z 9~ 19 7~ l~iaturity Date: TSA ~ear$ , Iaterest Rate: J Amortization Period: From the day hereot to the l~taturity Date. Inatalment Payment. 2 b 0.~ J _ Firat Instalment Payment I?ate: `j t!1 ~ 1: 7 ~ FOR V.~1Lt E RECEIVED. the undersigned and if more than one. jointly and severally (the ~laker). dces hembp coaenunt and promise to pay to the order of Sun Bank of St. Lucie Countp or to its successors or assii;ns (collectively the ? Payee?, at its prineipal office at 111 Orange ~ve., Fort Pierce. Fla. or at such other place as the Pa}•ee may designate ; to the Jdaker in vcriting fmm time to time. in legal tender of the United States. the Principal Amount together W ith intereat at the Interest Rate on the unpaid balance of the Principal Amount~ 'The suins due and ovvinK hereunder shal! be PaYable during the Amortization Period in equal monthly instalmenta, each in the amount of the Instalment Payment. the first such InsWlment Payment to be made on the First Instalment Payment Date and subecyuent Instalment Payments on thol~~'-~1day o[ each month therea[ter until the Maturity Date whereupon the entire unpaid balance oi principal and interest accrued and unpaid thereon shall become due and pay- able; each such instalment w6en paid shall be applied tirst to the payment of interest on the unpaid balance at the In- terest Rate and the rnmainder 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 oT 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 ceats for each one dollar of each Instalment Payment not paid when j due to reimburse the Payee tor e:penses of servicing delinquent Instalment Payments. Failure to exemise these options shall not constitute a waiver ot the right to e:ercise the same in the event of any subsequent detault_ ~ ~ It is further agreed that ihe Maker and each endorser, surnty, guarantor, jointly and severally, shall pay all costs of ? j collection of this Note, including a reasonable attomey's tee, 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 I law-fu! rate of interest per annum in the State of Florida from the date when the principal and accrued interest uncier E this Note shal! be due and payable_ The total interest payable hereunder shall not in any one year e:ceed the highest ~ lawful rate of interest in the State of Florida. = ~ Y ~ This Note is scrured by a Mortgage, dated the date hereof, of property situated in the State of Florida. s ~ - The I?iaker agrees that it shal{ be bound by any agreement extending the time or moditying the atwve terms ot ~ payment, made by the Payee and the ow-ner or owners of the property af[ected by said Mortgage, whether with or w~th- _ 1 out notice to the !liaker, and the Maker shall continue liable to pay the amount due hereunder, but _wilh interest at a # rate no gmater than the Interest Rate, acrordinR to the terms of any such agreement of extension or modification. ~ 'I7~e unpaid balance of the Principal Amount, plus acrrued interest 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 I~iote may not be changed orally, but only by an agreement in writing, signed by the party against whom en- ~ forcement of any vraiver, change, modiGcation or discharRe is sought. ~ ~3 All parties to this Note, whether 1liaker, principal, surety, guarantor or endorser, hereby waive presentment for payment, demand, protest, notice of protest, and notice of dishonor, and e:pressly agree joinlly and se~erally to remain ~ and continue bound for the payment of the principal and interest provided (or by the terms of this Note, notwithstan ing ~ any eziension or e:tensions ot the time of, or tor the payment o( said principal or interest, or any change or changes in ~ the amount or amounta agreed to be paid under or by ~-irtue of the obiigation to pay pmvided tor in this Note, or any change oz changes. by way of release or surmnder or substitution of any real property and collateral, or either, held as i ~ ~p security tor this Note, and waive all and every kind o[ notice ot such extension or extensions, change or changes, and ~ agree that the same may be made w-ithout the joinder of the Maker_ Address: 38~9 Sout.`~ In~ian River Drive ~ ~ Fort ~ierca, Florida 33450 ; ~ ~~c ~-°'.~'~~'_c f-~~~ ~ /s/ Georg~S . Burdick '?:x y, - ~~/~'n ~i . /~2~c L~~+fc _ /s/ Martha W. Burdick w:; ~ ea~K 226 P~E 11~i3 " F:AM )i: - 'i:T:i: _.l~ ty i£"~ i`' " _ . . . . . ~ . - _ _ 'f~~ _ ~ = y' ~S"