The URL can be used to link to this page

Home My WebLink About0391 . Y! N~~Nf Ni ~ MORTGAGE NOTE . 515,750.00 June 1~, 197+ principal Amount: 1)ate ot Note: Maturiep Date: Fi~~~ Yd~d lnter~st Rate: 9s Amortization Period: From the day hereot io the Mn'urily Date. InsWlment Pt~yment: S16O.00 _ Jaauary 10, 1975 First Instatment Payment Date: FOR V.~1LUE RECEIVED, the ur.deraigtted and if morr than one, jointly and se~erally (the ~laker). dces hereb~ covenant and promise to pay to lhe order of Sun Bank of St. Lucie County or to its successors or assi~,rns (collertively the Payee). at its principal office at 111 Oiange A~e.. Fort Pierce. Fla or at sueh other place us the Pa~ee may designate to the Aiakes in ~riting ~itom 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 Pri~cipal Amount. The sums due and owinR hereunder shall be payable during the Amortization Period in equal monthly instalmenta, each in the amount o( the Instalment Payment, the tirst s?~~~~ment Payment to be made on the First Instalment Ppyment Date and subsequent Instalment Payments on the y of each month therea[ter untii !he I?iaturity Date whereupon the entire unpa~d balance of principal and intereat accrued and unpaid thereon ahall bec~ome due and pay- able; each such instalment when paid shall be ap~lied fiist to the payment of interest on the unpaid balance at the In- terest Rate und the mmainder thereof to payment on account ot principal. If any Tnstalment Payment shall not be paid when due, lhea the entire principal sum and ~ccrued interest here- under shal! become due and payable at once or thereafter, at the option o( the holder o[ this Note_ The Payee may. at its option, collect a late charge not to e:ceed two cents for each one dollar of each Intitalment Payment not paid when due to reimburse the Payce tor e:penses of servicing delinquent Instalment Paymenis Failure to exetcise these options shall not constitute a waiver of the right to exetrise the same in the e~ent of any subsequent de[ault_ It is [urther agreed that~the Maker and each endorser, surety, guarantor, jointly and seeerallY. shaU paY a~1 costs °t collection of this Note, includit~g a reasonable attorney 4 fee, on tailure to pay any Instalment Payment or any accrued interesl due hereunder on the due date thereof_ This Note and all sums due hereunder shaU bear interest at the highest lawful rate of interest per annum in the State o[ Florida [rom the d3te when the principal and accrued inter~st under this Note shall be due and payable. The total interest payable hereunder shatl not in any one year exceed the hiRhest lawful tate ot interest in the State of Florida. ; This Note is secured by a Mortgage, dated the date hereoi, of property situated in the State of Florida_ { ~ The 1liaker agrees that =_t shall be t?ound by any agreement extending the time or modifyinR the ahove terms of ~ payment, made by the Payee the owner or owners of the property atfected by said 1liortgage, w•hether w-ith or whth- { out notice to the biaker, and che ~taker shall continue liable to pay the amount due hereunder, but with interest at a ~ rate no greater than the Interest R_~te, anoi~inR to the terms of any such agreemer.t of extension or modification_ ~ The unpaid balance of the Principal Amount, p~ts accrued interest shall 6ecome due and payabie at the opteon of the Payee under the happeninQ o( an event by whirh _:.-?id batance shall or may become due and payable under the terms of said Mortgage. - This Note may not be changeci orally, but only by an agreement in v~riting, siqned by the party against whom en- Fon-ement of any waiver, change. modification or dGC~harge is wught. All parties to this Note, whether rtaker, p*ir ~ipal. surety. Kuarantor or endorser, hereby waive presentment for ~~ayment, demand, protest, notice of ~~rotest, and notice of dishonor, and ezpressly agree jointly and sevenlly to remain and continue bound for ihe payment of the principal and interest pro~ided tor by ::~e terms of this Note, notwithstand~ng any extension or extensions o[ the time of, or tor the payment ot said principal or interest, or any change or chan;es in the amount or amounts agreed tn be paid under or by virtue nf 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 tor this Note, and M-aive all and every kind of notice ot such e:tension or eztensions, change or changes, and agree lhat the same may be made without the joinder of the Maker. ~88: ~ ~ /s/ Frank Kinkel - i /s/ Irene Kinkel 80~2~'9 39i _ - ~ : ~~,~,3}~~ = - r~~` - -r"F„y~ia3r".'a'a'~' "~`ak ~ ''3 - ~ ,5 _