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HomeMy WebLinkAbout2075 • ~~[RN~N~NTI . • I i ~ MORTGAGE NOTE - ~ i ~ principal Amount: $5,300.OG Date of Note: Jta16 14~ 1974 1 3 Maturity Date: ~[1~@ ~0• inc~~c 9t . ~ Amortization Period: F~om the day hereof to the Maturity Date. ~ _ 1 Inatalment Payment: $~.14 j~@i' ~ ~ F icst Instalment Payment Date: ~7L1I.y ZO ~ 1974 ~ ~ c ~ FOR VALUE RECEIVED. the undersigned and if more than one. jointly and severally (the Maker). does he~by : covenant and promise to paY to the order of Sun Bank of St Lucie County or to its successors or assigns (collectively the Payee), at its prineipal office at 111 Orange Ave., Fort Pierce. Fla or at such other place as the Payee may designatc ; to the Malcer in writing from time to time, in legal tender of the United States, the Principal Amount together ~rith ~ intereat at the Intereat Rate on the ~u?paid balance o! the Principal Amo~nt ~ r t The sums due and owinlC hereunder ahall be payable during the Amortization Period in equal monthly instaiments. each in the amount of the Inatalment Payment. the iirst such Inatalment Payment to be made on the First Instalment . Payment Date and subeequent Instalment Payments on the first day of each month thereaiter until the Maturity Date whereupon the entire unpaid balance of principal and intereat accrued and unpaid thereon shaU be~wme due and pay- able; each such instaiment when paid ahall be applied Cfat to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereof to payment on account of principal. If any Instalment Payment shall not be paid when due. then the entire principal sum and accrued intereat here- under shall become due and payable at once or thereafter, at We option of the holder of this Note. The PaYee maY. at ita option, collect a late charge not to e:ceed two cents for each one dollar of each Instalment Payment not paid when due to reimburse the PaYee tor ezpenses of aervicing delinquent Inataiment Payments. Failure to e:ercise these options shall not rnnatitute a waiver of the right to exercise the same in the event of any subsequent detault. ~ urther a that the Maker and each endorser. aurety. guarantor, jointly and severally. shall pay all coats of ~ It is f Breed rnllection oE this Note, including a reasonable attorney's fee. on failure to pay any Instalment Payment or any accrued interest due hereunder on tbe due date thereof. Thia Note and all sums due hereunder shall bear interest at the hig}~est lawful rate of interest per annum in the 3tate of Florida from the date when the principal and aocrued iaterest 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 secure3 by a Morigage. dated the date hereof. of property situated in the State of Florida. I ~ The Maker agrees that it ahall be bound by any agreement e:tending the time or modifying the above terma of E payment, made by the Payee and the owner or ovmeis of the pmperty affected by said Mortgage, whether with or with- ~ out notice to the Maker, and the Maker shall rnntinue liable to pay the amount due hereunder, but with interest at a ~ rate no greater than the Interest Rate, accordinB to the terms of any such agreement of e:tension or modification. r The unpaid balance of the Principai Amount, plus accrued intereat shall become due and payable at the option ot the Payee under the happening of an event by which said balance aha11 or may become due and payable under the terms of said Mortgage_ This Note may not be changed orally. but oniy by an agreement in writing, signed by the parcy against whom en- forcement of any waiver. change, modiCcation or discharge is aought. All parties to this Note, whether Maker. principal. surety, guatantor or endorser, hereby waive presentment for payment, demand, protest, notice of protest, and nolice of dishonor, and ezpressly aBree jointly and aeverally to remain and continue bound tor the payment o[ the principal and intereat pmvided tor by the terms of this Note, notwithstanding any e:tension or e:tensions ot the time of, or for the payment of said principal or interest, or any change or changes in the amount or amounta agreed to be paid under or by virtue of the obligation to pay provided [or in Wis~Note. or any change or changea by way o[ rnlease or surrender or subatitution of any real property and collateral, or either, held as secarity tor this Note, and w•aive a!1 and every kind of notice oi such eztenaion or e:tensions, change or changes. and agree that t6e same may be u?ade without the joinder of the Maker. ~ ~ - ~ ~l Gt1fI~ P lC 1/ S t : ~ ~ R~ P. 1QiAUSB. JR. .s S~'~ G. I~RAV~ ~ ~ G. IQtAtJSB ~ gooKz~ ~~zo~o ; F iy ! - r+~wr ~z3 - Ps~srzs; e~ e¢.ua~ . _ _ - ~v: ~a a . .:,,,-a~'~s.. ~4 ~'~a r.E,~ y a.. - - ~ - ~ c_»~= kYS~"3.3~".~.~~~`,"`~.=~k"v'rt'=i-`Sr~.C. . e'5,~~.: o ~ .