The URL can be used to link to this page

Home My WebLink About2296 ~ ~ I~ERY~M(N~1 MORTGAGE NOTE prin~~i n~t: :25.000.00 na~ ot tvoc~: Ja~~ 19. 19T4 • Maturity Date: Jsowry 1~ 1~85 Interest Rate: ~i ~ F ~ Amortization Period: From the day hereot to the Maturity Date. ~ I Instalment Payment: =316.69 flrst Instalment Payment Date: J=npily 1. 1975 FOR VALUE RECEIVED. the undersigned and if more than one. jointly and severally (the Maker), dces hereby covenant and promisc to paY to the order of Sun Bank of S~ Lucie County or to its successors or assigns (collectively the Payee). at its principal of~ce at 111 Orange Ave., Fort Pierce. Fla. or at such other place as the Payee may designate to the D~iaker in a-riting fmm time to time~ in legal tender of the United States. the Principal Amount together with interest at the Intereat Rate on the unpaid balance of the Principal Amount The sums dae and owinR ~~~der shall be payable during the Amortization Period in equal monthly instalments. _ each in the amount of We Instalment Payment. the first such Instalment Payment to be made on the First Inatalment Payment Date and subeequent Instalment Payments on the (irst day ot each month therea[ter until the Maturity Date whercupon the entire unpaid balance of principal and interest acctued and unpaid thereon shall become due and pay- able; each such inatalment when pnid shall be applied Grst to the payment ot interest on t6e unpaid balance at the In- temst Rate and the remainder thereot to payment on account o[ principat. If any Instalment Payment shall not be paid when due, then the entire principal sum and accnied intereat here- under shall beeome due and payable at once or theteafter. at the option ot the holder of this Note. 1'he Payee may. at its option, rnllect a late charge not to ezceed two cents for each one dollar of each Instalment Payment not paid when due to reimburse the Payee for e:penses of servicine delinquent Instalment Payments. Failure to e:erciae these options ahall not constitute a waiver of the right to exercise the eame in the event of any subaequent default It is further agreed that the Maker and each endorser, surety, guarantor. jointly and severally, shall pay all costs of collection of this Note, including a reasonable attorney's fee. on failure to pay any Instalment Payment or any accrued intere.st due hereunder on the due date thereof. This Note and all suma due hereunder shall bear interest at the highest lawful rate oE interest per annum in the State of Florida from the date when the principal and accrued interest unaer ` this Note shall be due and payable. The total interest payable hereunder shall not in any one year exceed the hiBhest lawful rate of intereat 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 agreement eztending the time or modifying the above terms of ~ payment, made by the Payee and the owner or owners of ihe property atfected by said Mortgage, whether with or with- ~ out notice to the Maker, and the Maker ahall continue liable to pay the amount due hereunder. but with interest at a~ rate no greater than the Interest Rate, acrordinR to the terma of any such agreement of extension or modification. The unpaid balance of tbe Principal Amount. plus acerued interest shall become due and paysble at the option of the Payee under the happening 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, but only by an agreement in writing, signed by the party againat whom en- ? forcement of any waiver, change, modification or discharge is soughk i p~l pariies to this Note. whether Maker, principal, surety, guarantor or endoraer. hereby waive presentment for payment. demand, protest, notice of protest, and notice of dishonor, and ezpresaly aBree jointly and severally to remain and rnntinue bound tor the payment ot the principal and interest provided for by the terms ot this Note, notwithstanding any eztension or extensions of the time of, or tor the payment of said principal or interest, or any cbange or changes in the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided for in this Note, or any change or changes by way of release or sorrender or substitution of any real property and collateral. or either, held as security for this Note, and v?aive all and every kind of notice of sach e:tension or e:tensions. change or changes, and agree that tbe same may be made without the joinder of the Maker. ~ G4 - ~ ~ ~ / s / A. Mittauer, Jr. < ~ ~ ~ ;u. ooC- 5~~ /s/ Mary M. Mittauer ORIC+tWiL !W~ ; ~ ~ _ - Pr,rrr _ rRrrrr~ er ~,w _ _ w . ~ - ~ _ _ v ~~~A