The URL can be used to link to this page

Home My WebLink About1627 IGOMiiRUCT10N AND '[RMANFNTI MORTGAGE NOTE Amount oE the Note: ~Z1 i OOO. 00 Date ot Note: ,7Ut~e 11 ~ 197~ Maturity Date: ZS Ye8le Interesc Rate: g~ ~ Interest Period: ~n c~ a8c~~~~ June 15, 1974 thru June 1~, 1989 Amortisation Period: From the day atter ihe Intereat Periad to the Maturity Date. Instalment Yayment: $213.00 per month beqinninq October 1, 1974 First Inatalment Payment Date: pCtObel 1~ 1974 FOR VALUE RECEIVED. the undenigned and if more than one, jointly and severally (the Msker). does henby covenant and promise to pay to the order of Sun Bank of St~ Lucie County or to ita succeasora or assigns (eolleetively the Payee), at ita prineipal of~ce at 111 Orange Avenue. Fort Pierce. Fla. or at sueh other place as the Payee may desigaste to the 3~aker in writing fmm time to time~ in legal tender of the United States, the Amount of the Note or so mueh thereoi as may be advanced (the Principal Amount) by the Payee purauant to a constivction loan agreement or loan commitment, between the Maker and the Payee~ together with interest at the Interest Rate on the unpaid bslanee of the Principal Amouni . - During the Interest Period intereat fmm the date of each advance, at the Intereat Rate, sLal! be payable monthly on the Grat day ot tbe month foliowing the month in which tt~e Crat advance ia made and on the fi~st day of each month thereafter; during the Amortization Period equal monthiy inatalments. each in t6e amount ot the Instalment Payment, th~ Crst auch Instalment Payment to be made on the First Inatalment Payment Date and suhsequent Insealmenc Pay- menta on We tirst day ot eac6 month theteafter until the Meturity Date whereupon the entire unpaid balance of principal and interest acerued and unpaid lhereon shall become due and payable; each such instalment when paid ahall be applied fiiat to the payment of intereet on the unpaid balance at the Inteteat Rate and the remainder thereo( to payment on account of principal. If intereat or any Instalment Payment shall not be paid when due. theA the entine principal aum and accrued interest hereunder ahall become due and payabie at once or thereafter, at the option of the holder of this Note. 'I'he Payee may, at its option. collect a late charge not to e:ceed two centa for each one dollar of each Iastalment Payment not paid when due to reimburae the Peyee [or e:penses of aervicing detinquent InstaUnent Payments. Failure to e:erciae these options nhall not constitute a waiver of tbe right to e:ercise the same in the event o[ any aubsequent defauit. It is further agreed Wat the Maker and each endoraer, surety, guarantor. jointly and severally, shall pay all casta of rnllection of this Note. including a reasonable attomey's fee. on failure to pay any Instalment Payment or any accnxd interest due hereunder on the due date theteof. Thia Note and all suma due hereunder shaA bear interest at the hisheut lawful rate of interest per annum in the State of Florida from the date vrrhen the principal and accrued interest under ( this Note ahall be due and payable. The total interest payable hereunder shail not in any one year exceed the highest ~ law[ul rate of interest in the State ot Florida. ~ ! j Thia Note ia secured by a Mortgage, dated the date-hereof, of property situated in the 3tate of Florida. ~ ~ The Maker agrees t6at it shall be bound by any agreement e:tending the time or modifying the abave terme of pay- ; ment, made by the Payee and the owner or owners of the properiy atfected by said Mortgage. whether with or withoat ' notice Lo 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, according to terms of any such agreement of eztension or modification. ~ The unpaid balance of the Principal Amount. plus accrued interest shall become due and payable at the option of ~ the Payee-under•the 6appening of an event by which said balance shall or may become due and payable under the ~ terms of said Mortgage. ~ This Note may not be changed orally, M~t only by an agreement in writing, si~ed by the Party aga;nst whom en- forcement of any waiver. change, modi6cation or discharge is sought. ~ All parties to this Note, whether Maker. principal, surety, guarantor or endorser, hereby waive presentment for ~ payment, demand, protest, notice oE pmtest, and notice of diahonor. and e:pressly agree jointly and severally to remain and continue bound (or the payment of the principai and interest pmvided tor by the terms of this Note, notwithstending ~ any extension or extenaiona of the time of, or (or the payment ot said principal or intereat, or any change qr changea , in the amount or amounts agreed to be paid under or by virtue of t6e obligation to pay provided„for in•Wja.Note, or ~ any change or changea by way of release or surrender or aubstitntion oi any real properiy and,gdl~aters~l, o e~tlier„held as aecurity (or thia Note, and waive all and every kind ot notice o[ such eztension or extenaiojisCc~,nge~Q ~ES,.and ~ agree that the same may be made withont the joinder of the Maker. vC' 1' T f•, G'. ~ - 1 : . ; ~ ' c> a o •i,:~ 'v~ • ~ _ ~ ~ BACICOS ENTERP~~S~i 0~'1~ r .s = ~ O,• ~t,. J a J•,0 r'~: . ~ ~ . ~ ~ ~ ~ - ~ ~ E::t -~s_ss ~ ~ ~ t Q_Q~~-s _ ~ tt_1~Ir • ~ 228 ~1624 ~ : , ~ Jeseie Backu ~ r~ 9sz - rxtnrs, e~ sr~ 8 GuhB@ x ' - _ - - - - - - - ~ ?~J'"M ~,i'_ ~ " ~ . ~ . ~ ~ ~ .w _ . , . . ~,C.~~~~:1'~i%?~ - i~ti