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HomeMy WebLinkAbout2992 ~~EAMAN[NT1 . _ ~ ~ MORTGAGE NOTE Ptincipal Amount: S40 ~ Q~O. d0 Date of Note: MAy a2 ~ 19~~ Macurity Dace: Fiit~ Y•llZS t Interest Rate: ~t Amortization Period: From the day hereot to the Maturity Date. Inatalment Payment: S 405. 7Z ~rat Instalment Payment Date: Jllly ~0 i 19T4 ~ FOR VALUE RECEIVED. the undersigned and if more than one. jointly and severally (the Diaker). doea hereby covenant and promise to pay to the order of Sun Bank of S~ Lucie County or to its successora or assigns (collectively the Payee), at its prine;pal office at 111 Orange Ave., Fort Pierce~ Fla or at such other place as the Payee may designate to the Maker in v~riting irom 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 Amounk The sums due and owinR hereunder ahall be payable during We Amortization Period in equal monthly instalmenta, each in the amount of the Inatalment Payment. the firat suCh ~I talment Payment to be made on the First Instalment Payment Date and subeequent Instalment Payments on the #~y of each month Werea[ter until the Maturity Date whereupon the entire unpaid balance ot principal and intereat accrued and unpaid thereon ahail become due and pay- able; each such inatalment when paid shall be applied Gtst to the payment of interest on t6e unpaid balance at the In- terest Rate and the remainder thereof to payment on account of principal. If any Instalment Payment ahall not be paid when due. then the entire principal sum and accrued interest here- under shall become due and payable at onee or Wereafter. at the option of the holder of this Note. The Payee may. at its option, collect a late charge not to e:ceed two centa for each one dollar of each Instalment Payment not paid when due to reimburse the Payee for expenses of servicing delinquent Inatalment Payments. Failure to e:ercise these options shall not constitute a waiver of the right to e:errise the same in the event of any subsequent default. It is further agreed that the Maker and each endorser, surety, guarantor. jointly and eeverally, shall pay all coets of collection of this Note. including a reasonable attorney's fee, 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 lawful rate of interest per annum in the State of Florida from the date when the principal and accrued interest unuer this Note shall be due and payable. The total interest payable hereunder shall not in any one year exceed 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 agreemeqt extending the time or modifying the above terms of ' payment, made by the Payee and the owner or owners of the property affected by said Mortgage, whether vrith or with- ~ out notice to the Maker, and the Maker shall continue liable to pay the amount due hereunder, but with interest at a rate no greater than the Interest Rate. acrording to the terms of any such agreement of e:tension or modification. The unpaid balance of the Principal Amount, plus accrued interest shall become due and payable at the option o[ ~ the Payee under the happening of an event by which said balance ahall or may become due and payable under the terms of said Mortgage_ This Note may not be changed orally. but only by an agreement in writing, signed by the party againat whom en- ~ forcement of any waiver, change, modification or discharge is sought_ AII parties to this Note, whether Maker. principal, surety, guarantor or endoreer. hereby waive presentment [or payment, demand, protest, notice of pmtest, and notice of dishonor, and ezpre~ly agree jointly and severally to remain ~ and continue bound tor the payment of the principal and interest pmvided tor by the tertns ot t6is Note, notwithstanding j any e:tension or e:tenaions of the time of, or tor the payment of said principal or interest, or any change or changes in 3 the amount or amounts agreed to be paid under or by virtue of the obligation to pay pmvided (or in this Note, or any change or changes by way of release or surtender or substitution of any real property and collateral, or eit6er, held as security tor this Note, and w•aive all and every kind of notice of such e:tension or e:tensions~ change or changes, and ; agree that t6e same may be made without t6e joinder of the Maker. i ~ ~ ~ /s/ Felix A. Miller /s/ Mildred J. Miller ~ • ~ ~ ~ ~ t~ ~T ~GE?~990 { ~ 4 F tr+~ 9z~ - PRtmrc e~ rg,wr - , ~ - - - - - - 'r- ~ t ~ _ ~ _ ~.~~s-~"w'~ _ _