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Home My WebLink About0756 ICOMi~RUGTION ANO r~RYANEN~I MORTGAGE NOTE ; Amount oE ths Nots: s15.000. 00 No~• ~y 8~ 1974 Ma~urity Date: October 1~ 1989 tnterest R.te: 9!L Interest Period: From tbs date hersof thtou6h A~portisauon period: From the dsY after the Interest Petiod to the Maturity Date. Instalment payment: ;152, t4 ~ . Fint Instalaoent Payment Dace: October 1, 19T4 FOB VALUB ItECSIVED, the undersi8ned snd if mon than one. 3ointly and severa117 (the Msker). dces hereby covenaut and promise to paY to the order of Sun Bsnk oi 8k Lucie County or to ita saocesaon or asstgas (coUectivelY the papee). at its principal offiee at 111 Orange Avenue. Fort Piezee. Fls. or st aueh other place as the Puyee anay designate to the Malcer in wrtting iroiu time to time. in legal tender ot the United Statea. the Amount oi the Note or so much thereof as msy be advanced (the PdnciPV Amount) by the Psyee purausnt to a construction loan agnea~ent or loan ro~~ent~ bet~reen the ~[alcer and the psyee, together with interest at the Intereat Bate on the unpsid balsnce oi the principal Amount During We Intereat Period interest irom We date of each advance. at t6e Intereat Rate. ahall be PB?Yable monthly on the i'lrst day oi tbs month tollowin8 the awnt6 ia which tbe firat advanoe is made and on the Cirst . day of each month , tbereafter; during the Amortization Period equal m~thly in~talment~, e~di in the amoun! of the Instalment Paymenk the first such Indalment Payment to be made on the flist Instalment Payment Date and subseqaeat Instalment Pay- ments on t~ Cust day of each month thereatter until the Maturity Date wherenpoa the entire unpaid belance ot principal and intereet accnied and unpaid thareon sball become due and paYable: each such instalment wben paid ehall be applied tirst to the payment of interest on We unpaid balance at the Intend Rate and the remainder thereof to PaY~nt on aooount of principal: Ii interest or any Ivetalment Payment ahall not be paid when due. then the entire princiPel sum and accrued interest -L_., ....a .,.....,~,i.. es ......e f1.o.~ft..r At thw ontion of the holder oi this Note. The Payee ~iCYilfiaia auaaa ucc.csu.c aaasc ~aaaaa - • may. at its opti~, collect a late charge not to e:ceed twa centa for each one dollar of each Inatalment Payment not paid when d~ W reimburse the Payee for e:penses of sezvicina delinquent Instaltneat Paymeats. Failure to e:emise these options ahall nof constitute a waiver oi tbe tisht to eurcise the eanne in the event of any subsequent detault. It is further agreed that the Maker and each endo~er. surety, guarantor. jou?tly and severallY, sliall I~ay all costa of collection of this Note. uuludina a reasonable attorney's fee. on failure to pay any instalment PaYment or any aocrued interest due hereunder on the due date thereof. This Note and all sua~s due hereunder ahall bear interest at the highest i lawful rete oE interest per annum in the 3tate of Florida from the date when the principal and accrued interest under ~ this Note shall be due and imYable. Tbe total interest payable hereunder ehall not in any one year e:ceed the hi8hest lawful rate of interest in the State of Florida. This Note ia secured by a Mortgage, dated the date hereof, of propetty eituated in the State of Florida. The Maker agrees that it a6ai1 be bound by any aBreement e:tendinB the time or modifying the above terms of pay. , ment, made by the Payee and the owner or ownera of ttie propertY affected by said Mortgage, whether with or without notice W the Maker, and the Maker ahall continue liable to pay the amonnt due hereunder. but with interest at a rate no greater than the Interest Rate. according to terms of any auch agreement of eztenaion or modifiaation The unpaid balance oE the Principal Amount, plus aecrued interest ehall becoa~e due and paYable at the option of the Payee-under the haPpenin8 of an event by which said balance aball or may become due and paYaWe under the terme of aaid Mortgage. Thia Note may not be changed orally, but only by an agreement in writinB. aiBned bY the PaKY againat whom en- forcement of any waiver, change, modification or discharge is aoughk p1~ parties to this Note. whether Maker. principal, surety, guarantor or endorser, hereby waive presentment for payment, demand, protest, notice of pmteat, and notice oE dishonor. and e:PresalY aBree jointly and s~werelly to remain and continue bound for the paymen! of the principal and intereat provided for by the terms ot t6is Note. notwit6standin6 any e:tenaion or e:tenaions of the time of. or for the payment of aaid piincipal or interest, or any change or changes in the amount or amounts agreed to be paid under or by virtue of t6e obligation to pay provided [or in this Note. or ~ any change or changes by way of relesse or surrender or substitution of any real property and collateral, or either, held ~ as eecurity [or this Note, and waive all and every kind of notice of such e:tension or e:tensions, change or changes, and agree that the same may be msde wit6out the joinder ot the Maker. Privilege of prepaymaot of all or ~ aar part at any titna i• h~reby grsnted w?ithout pea~lty. / s / Henry J. Tupper /s/ Wanda Tuuper . a=z _ ~ e~ `o~K~27 ~ 754 - __w _ _ ~ _ - z~. - ~ - ~r~