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HomeMy WebLinkAbout0555 ~P[RM AHENTI , . ~ MORTGAGE NOTE ~ ~ . Date of Note: • • - - , . . Principal Amount: ~ 1liaturity Date: ' ~ . ~ Interest Rete: ~ ~ Amortization Period: From the day hereo[ to the Maturity Date. = ~ t Instalment Payment: • Firat Instalment Payment Date: FOR VALUE RECEIVED. the undersigned and if more than one. jointly and aeverally (the Maker), doea hereby ~ coaenant and pmmise to pay to the order of Sun Bank of Sk Lucie County or to its successors or assigns (coliectively the Payeel, 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 ~vriting fmm time to time. in legal tender of the United States. the Principal Amount together with interest at the Interest Rate on the unpaid balance of the Principal Amounk The sums due and owinR hereunder ahall be paYable during tbe Amortization Period in equal monthly instalmenta. each in the amount of the Instalment Payment, the tirst suc6 Instalment Payment to be made on the Fitst Inatalment Payment Date and subaequent Inatalment Payments on the day ot each month thereatter until the Maturity Date whereupon the entire unpaid balance ot priqcipal and interesi accrued and unpaid thereon shall become due and pay- able; each such inatalment when paid shall be applied Crst to the payment of interest on the nnpaid balance at the In- terest Rate aad t6e remainder thereo[ to payment on secount of principal. If any Instalment Payment shall not be paid when due, then the entire principal sum and _ accrued interest here- under shall become due and payable at once or thereatter, at the option of the holder of this Note. The Payee may. at its option, collect a-late charge not to e:cecd two cents for each one dollar of each Instnlment Payment not paid when due to reimburse the Payee tor expenses of servicing delinquent Instalment Paymenta_ Faiiure to e:ercise these aPtions shall not constitute a waiver of the right to e:ercise the same u? the event of any subsequent defaul~ It is further agreed that the Maker and each endorser, aurety, guarantor, jointly and eeverally. shall pay all coets of collection of this Note, including a reasonable attomey's fee, on failure to pay any Inataiment Payment or any accrued interest due hereunder on the due date thereof. 1'his Note and all sums due hereunder ahall bear interest at the highe.at lawful rate of interest per annum in the State of Ftorida 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 e:ceed the highest lawful rate of interest in the State of Florida. ~ This Note is secured by a Mortgage, dat~! the date hereof, of property situated in We State of F7orida_ The Maker agrees that it shall be bound by any agreement e:tending the tune or modifying the above term~ of k payment, made by the Payee and the ovmer or ownets of the property aifected by aaid Mortgage. whether with or with- ( out notice to the Maker. and the Maker ahali continue liable to pay the amount due hereunder, but with interest at a rate no greater than the Interest Rate, aecording to the terms of any such agreement of e:tension or modif'ication. ~ The unpaid balance of the Principal Amount, plus accrued interest ahall become due and payable at the option of ~ 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 against whom en- ~ forcement of any waiver, change, modification or discharge ia sought_ E a All parties to this Note, whether Maker, principal, surety. guarantor or endoreer, hereby waive presentment for ~ payment, demand, protest, notice of protest, and nolice of dishonor, and e:pressly agree jointiy and aeverally to remain and continue bound for the payment o( the principal and intetest provided tor by the terms of thia Note, notwithstanding any e:tension or e:tensions of the time ot, or for the payment of said principal or interest, or any c6ange or ci~anges in the amount or amounts agreed to be paid under or by virtue oi 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 ot notice of such e:tenaion or e:tensions, change or changes, and agree that the same. may be made without the joinder o( the Maker. . ~ _ . . _ . - ~ : _ ; ~ . , . ~ ~ /s/ Albert M. Thomas ~ ~ ; ~ /s/ Elizabeth M. Thomas ~ zzg F~~ ~ E:~~ r,~:- F.%iPl 323 - F~Fl~::.i~~ Pl SE.~Rf ~ , ~ ~ . ' _ _ _ _ _ ~ ~ ~~~@ ~ ~ s ~ u.y ~ ~r ~~a.~ - _ . ' . . . . _ . .