The URL can be used to link to this page

Home My WebLink About2692 ~?EAY~MEM11 1 MORTGAGE NOTE i , ~ Principal Amount: 315, 000. 00 Dace ot Note: April 30, 1974 i Maturi~y ~aee: June 1. 1989 ~ i ~ Interest Rate: ~r'i„ ~ Amortisation Period: From the day hereot to the Maturity Date. Instalment Payment: ~152. 14 ~ First Inatalment Payment Date: 3une 1, 19~74 : FOR VALUE RECEIVED. the underaigned and if more than one. jointly and severally (the Dfaker), dces hereby :o~enant and pmmise to paY to the order of Sun Bank of S~ Lucie County or to its successora or assigns (collectively the Payee), at its principal office at 111 Orange Ave.. Fort Pierce, Fla. or at such other place as the Payee may designate to the Maker in w~riting fmm time to time, in legal tender of the United States. the Principal Amount together w-ith 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 instalmenta. each in the amount o[ the Instalment Payment. the firat such Inatalment Payment to be made on the First Instalment Payment Date and aubeequent Instalment Paymenta on We first day of each month therea[ter until the Maturity Date whereupon the entire unpaid balance oE priRcipal and interest accrued and unpaid thereon shail become due and pay- ~ able; each such instalment.when paid shall be applied first to the payment of inteceat on the unpaid balance at the In- terest Rate and the remainder thereot to payment on account of principal. If any Instalznent Payment ahall not be paid when due, then the entire principal sum and accrued interest here- under shall become due and payable at once or thereaiter, at the option of the holder of thie Note. The Payee may, at its option, rnllect a late charge not to e:ceed two centa for each one dollar of each Instalment Payment not paid when due to reimburse tbe Payee for e:penses of servicing delinquent Instalment Payments. Failure to exercise these options shal. not constitute a waiver of the right to e:ercise the same in the event of any subsequent defaulk It is further agreed that the Maker and each endorser, surety, guarantor. jointly and aeverally, ahall pay all coats of collection of this Note, including a reasonable attorney's fee, on tailure to pay any Instalme~t Payment or any accrued interest due hereunder on the due date thereof. This Note and all sums due hereundei shall beai interest at the highest lawful rate of 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 total interest payable hereunder shall not in any one year ezceed the highest lawful 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. ~ The Maker agrees that it shall be bound by any agteement e:tending the time or modifying the above terms of r payment, made by the Payee and the owner or owneis of the property affected by said Morlgage. whether with or with- i out notice to the Maker, and the Maker shali continue liable to pay the amount due hereunder, but with interest at a rate no greater thati the Interest Rate, acrording to the terms of any such agreement of e:tension or modification. ~ 'The un id balance of the Principal Amount, plus accrued interest ahall become due and payable at the option oi the Payee under the happening of an event by which said balance shall or may become due and payable under the terms ~ ~ r of said Mortgage_ ! ~ ~ ~ This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- € ' ~ forcement oi any waiver, change, modification or discharge is sought. i ~ All parties to this Note, whether Maker, principat, surety, guarantor or endoraer. heteby w•aive presentment tor ~ ~ payment, demand, protest, notice of protest. and notice of diahonor, and e=pressly agree jointly and severally to remain ~ and continue bound for the payment of the principal and interest provided for by the terms of this Note, notwithstanding ~w any e:tension or extensions of the time of, or for the payment of said principal or intetest, or any change or changes in the amount or amounts agrced to be paid under or by virtue ot the obligation to pay provided tor in this 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 [or this Note, and v?-aive all and every kind of notice of such e:tension or e:tensions, change or changes, and agree that the same may be made without the joinder of t6e Maker. ~ ~3 - ,TACOB~~1r-REA, IIvG. _ i ~FY . BOOIt~U PAGE~6~O R',iM )i7 - FA11T77C !T 7ffAt3 ~ - . . ,f ~r _ - . , ~ ~ v _ . ~ ' ' , . ~ i-. '}A . . . . . ' " . _ . _ _ 7