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HomeMy WebLinkAbout2182 ~~CAMAN[NTI MORTGAGE NOTE ~~;pa~ ~~t~ 90, 000. 00 Daee of Noce: May 2, 19?4 Mawrity nate: Tw~atr Y~ar• Interest Rate: 8 ~ ~ Amortirstion Period: F~om the day hereot to the Maturity Date. Instalment Payment: Nine snnnal psincipsl payrneot• of 54.500.00 sach. plu~ int~seat snd s tmth ~ioal ps~~ ~?~ich ahall be the baisnce of the aot~ Firac Inatalmenc Payment Date: , May 2, 1975 a?nd eich year thereafter. F08 VALUE RECEIVED, the undersigned and if iuare thsn one, jointly and severally (the Maker). does hereby covenant and promise to PaY to the order oi Sun Bsnk oi S~ Iucie County or to its successors or assigns (collectively the Payee), at its prlncipal offiee at 111 Orange Ave.~ Fort Pierce~ Fla or at such other place aa the Payee maY des~e'nate to the Make= in writing frora time to time. in legal tender oi the United Statea. the Principal Amount together vvith interest at the Interest Rate on the unpaid balance of the Principal AmounL The eums due and owinR hereunder shall be P~Yable dnrin8 the Amortisation Period in e9ua1 monthly instalmenta. each in the amount of the Instalment Paymen~ the tirst auch Instalment Payment to be made on the First Instelment Payment Date and wbeequent Inetalment Payments on the tirst day of each month thereafter until the Maturity Date whereupon tLe entire uapeid balance oi ptincipal and intereet accrued and~un~ n t~e unpa?~d~balance at the~in- able; each auch instalment when paid ahall be applied Crat to the payme terest Rate and the remainder thereof to Pe~Y~nt on account of principal. If any Instalment Payment shall not be paid when due, then the entire P~P~ ~~~t under ahall ~ecome due and payable at once or tbereafter, at the option of the holder of thia Note. 'ibe PaYee maR at its option. oollect a late charge not to e:eeed two cenfa for each o~ dollar of ench Insfalment Payment not paid when due to reimburse tbe Payee for e:penees ot servicing delinquent Instalinent Paymenta. Failure to e:ercise these optione ahall not constitute a waiver of the n8ht W eYercise the same in the event of any aubaequent detauli rantor. joiriUy and severallY, ~11 PaY al~ ~s~ of It is further agreed that the Maker aad each endorser. sure~Y• B~ collection of this Note, including a reasonable attorney's fee. on failure to pay any Inataiment Payment or any accrued interest due hereunder on the due date theteof• This Note and all su~na due hereunder shall bear intereat at the hiBhest lawful rate of interest per annum in the State of Florida from the date when the principal and aocrued interest under this Note ahall be due and payable. The Wtal interest payable hereunder shaU not in any onc year ezceed t6e wg~t lawful rate of interest in the State of Florida. i n~ituated in the 3tate of Florida. This Note is secured by a Mortgage. dated the date hereof, of Prope Y i The Maker agreea that it shall be bound by anY aBreement e:tending tbe time or modifyinB the above ternse of ~ payment. made by the Payee and the owuer or owneia of the proPerty aifected by aaid Mortgage. whether with or with- out notice to the Maker, and the Maker shall continue liable to pay the smount due hereunder. but with i~?terest at a rate no greater than the Interest Rate. aecordinB to the terms of any such agreement of e:tension or m~cation. The unpaid balance of the Principal Amount. plus accrued intereat ahall become due and payable at the option ot the Payee uncler the happenin8 of an event by which aaid batanee ahall or may become due and Payable under the terms ~ of said MortgaBe. This Note may not be changed orally, but only by an agreement in writinB. 818ned by the party a8ainat whom en- forcement of any waiver. change. modification or diacharge ia soughi All partiea to thi.s Note, whether Maker. Principal. surety. guarantor or endorser. heteby waive presentment for payment, demand. pmteat, notice of protest, and notice of dishonor. and e:preaslY aBree lointly and ae~erally to remain and continue bound [or the payment of the principal and intet+est provided tar by the terms o[ this Note, notwit6standing any e:tenaion or e:tensiona of the time oi, or for the payment oE aaid principal or interest, or any change or changea in the amount or amounts agreed to be Paid under or by virtue oi the obligation to psy provided for in this Note. or any change or changes by way of release or surcender or substitution of any real pmperty and rnUateral. or either, heid as security tor this Note, and v?aive all and every kind of notice of such eztension or exfenaions, change or chanBes, and agree that t6e same may be made without We joinder of t6e Maker. ST. 5IMON THE CYRF•I~iIAN EPLSCOPAL CHURC , C. OF FORT PIERCE 8 Y: Attast: ~ ' csr nc ecre ry - ~ ~ ~ ~ ~ Wi O? ' a! f~a ~7 ~2~.80 ecc~ xwr a:~ - rRr~rrzr. er uw - ~;sK; , • ` y^„u ~ r : - ~ i _ u - _