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HomeMy WebLinkAbout2743 i?[AY~MCNtI MORTGAGE NOTE y.~ f'J1JJ. ~'~~.ril 1~7 ~ ~ . Principat Amouat_ Date ot Note: Maturity Date: 'ic;,l Y:r_iZ'=1 interest Rate: y ~ ~ Amortiration Period= Fmm tbe day hereo[ to tbe Maturity Date. F i - F Instalment Paymeni: , v i. L~ 4 1 3 ~ F'irat Instaliaent Payment Date: _ ~ ~ , ~ 7 4 ~ ~ FOR VaLUE RECEIYED. the undersigned and ii more than one, jointly and severally (the aiaker), does hereby t eo~enant and pmmise to paY to the ordes of Sua Bank of SL Lucie County or to its suceessois or sssigns (collecticely the ` Payee), at its pzineipal office at 111 Orange A~e.. Fort Aerce. Fia. or at snch other place as the Payee may designate ~ to the Jdake: in vrriting fmm time to time, in legal tender of the tinited States, the Prineipal .+Imount together v~ith interest at the Iatereat Rate on the unpaid balance of the Prineipal Amoun~ 'l~e auma due and owi~c bereunder shall be payable during the Amortization Periad in equal monthly instalmenta. each in tbe amount of the Inatalment Payment, the tirat such Instalment Payment to be made on the Fitst Inatalment Paymen~ Date and aubeeQuent Instalment Payments on the r. rday ot each month therestter until the I?iaturity Date v?hereapon tLe eatire unpaid balance ot ptiticiPal and interest acerued and nnpaid thereon s6a11 become due and P~Y- able; P,~Ch S1tCb 1I13~8IIDBD~ W~1CA P~id ahall be applied tirst to the payment o[ interest on the unpaid balance at the In- terest Rate a~d t6e rnmainder tbereof to payment on account of principal. If any Ia4talment Payment shaU not be paid when due, tt~en the entire principal suaa and accrued interest here- under shall become due and payabie at once or theteaher, at the option of the holder of thia Nofe_ 'Rie Payee may. at its option, eollect a late charge not to e:ceed two cents for each one dollar of each Instalment Payment not paid wMn due to reimburse the Payee for e:peasea of aervicinB delinquent Instalment Paymenta. Failure to e:ercise the~e options shall not comtitute a waiver of the right to e:ercise the aame in the event of an~ suba~uent default It ia further agt+ei.~d that the Malcer and each endorser, surety, gaarantor, joindy and sevecally, aha11 paY all coata o( collection of this Note, u?cluding a reasonable attoroey's fee, on failure to pay any Instalment Payment or any accrued interest due her+eunder on the doe date thereof- This Note and all sums due Mreunder shall bear intetest at the highest lawful rate of interest per annum in the State of Ftorida fmm tbe date when the principal and ~ed interest under ~ this Note st~all be due and payable. The total interest payable hereunder shall not in any one year e:oeed the highest f lawful rate of interest in the State ot Florida_ _ ~ This Note is secured bY a Mortgage. dated tbe date hereof. oE property sit~ated in the $tate of Florida_ t ~ The Maker agrees that it s6all be bound by any agreement e:tending the time or modifying lhe abave terms of F payment, made by the Payee and the owner or owneis of the property affected by said Mortgage, whether with or w~th- ~ ont notioe to the Maker, and the Maker shalt continue liable to pay the amount due hereunder, but with intereat at a ~ rate no gtrater tlsan the Interest Rate, aecording to the terms of any such agreement of e:tension or modification. ~ € ~ 'Ibe unpaid balaace of tbe Priecipal Amount, plus acrrued interest shaU become due and payable at the option ot ; the payee unde= the happening of an event by which said balance shall or may become due and payable under the terms ~ f ' 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 of any vvaiver, chauge, modification or dischar8e is sought ~ All parties to this Note, wrhether Maker, principal, surnty, guarantor or endorser, hereby waive presentment for ' ~ payment. demand. protest, notice of protest. and notice of diahonor. and e~ressly agree jointly and severally to remain ~ ~ and continue bound for the payment of the principal and interest provided tor by the terms of thia Note, notwithstanding ~ ~ any eztension or e:tensior~s of the time ot, or for tlie payment ot said principal or interest, or any c6ange or changes in _ the amount or amounts a6reed to be {,aid under or by virtue ot the obligation to pay provided for in thia Note, or any ~ c6ange or changes by way oi releaae or surrender or aubstitution of any real property and collateral, or either, held as security for thia Note, and w~ai~^e all and every kind ot notice of such e:tension or eztensions, c6ange or changes, and agree that the same may be made without the joinder of t6e Malcer. ~ _ /s/ Cecil W. Storey - . ~ - `tti'~ 5rv~ ;K.;~ /s/ Linda R. torey ~::v "~:ti ~ 6~~26 ~~~?~i rrwr si: - su-r.:r, ?r $.c.~ ~s ~ - - - ! i . ~ . ~ W _ . . - - .