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HomeMy WebLinkAbout0395 .o~w~ancar. MORTGA~E NOTE S1~1,500.00 June 2~, 197~ Principal Amount: Uutc ot Note: Maturily Date: ~uQuS~ 1• 1977 interest ~tate: 9= Amortiu~tion Period: From the day henwf to the Maturily Date. Instulment Payment: ~a~~~ ~n~9 ~la~~ du~ ~1ugu9tnliAl9?79ust l~ 1974 First Instalment Payment Date: AuQ~Bt 1~ 1974 FOR v.~LUE RECF.IVF.D. the undersigned and if tr:ore than one, jointly and .~~eraily (the \laker). dces hereby co~enant and promise to pay to the order of Sun Bank of S~ Lucie County or to its successors or assigns ~collecti~ely the Papee), at its principal office at 111 Orange a~e.. Fort Pierce, Fla. or at such other place as the Payee may designate to the Jiaker in Mriting from time to time. in legal tender of the linited States, the Principal Amount together Hith interest at the Interest Rate on the unpaid balance of the Principal Amount. The sums due and owinK nereunder shall be paynble during the Amortization Period in equal monthly instalments, each in the amount ot the Instalment Payment, the first such instalment Payment to be made an the First Instalment Payment Date and subsequent Inslalment Payments on the ticst day o( each month thereafter until the 1ltaturity Datr whereupon the entire unpaid lkzlance of prin~~{~~ and interest accrued and unpaid thereon shnli become due and pay- able; each such instalment when paid shali be applied tirst to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereot to payment on uccount o[ principal. If any Iastalment Payment shail not be paid when due, then the entire principal sum and accrued interest here- i:ndec shall become due and payAble at once or thereaiter, at the option of the holder of this Note_ The Payee may. at its option, collect a late charge not to exceed two cents tor each one dallar of each InsG~lment Payment not puid when due to mimburse the Payee for e:penses of servicing delinquent Inetalment Payments. Failute to ezemise these options shall not constitute a waiver of the right to exemise the same in the event of any subsequent detault. It is further agreed that the Maker and each endorser, surety, guarantor, jointly and se~~erally, shall p.~y all costs ot coilection of thu Note, including a reasonable attorney c fee, on failure to pay any Inatalment Payment or any accrued interest due hereunder on the due date thereof. This Note and all sums due hereunder shall bear interest at the highest lawful tate o[ interest per annum in the State ot Fiorida trom the date vehen the principal and accrued interest under this Note shal! be due and payable. The total interest payable hereunder shall not in any one year exc-ced the highest lawfui rate of interest in the State of Florida_ ' This Note is 4ecured by a 111ortgage, dated the date hereof, of property situated i~ the State of Florida. The 111aker ogrees that it ~hall 6e bound by any aKrecment extending tl:e time ~r modi(ying the atwve terme of payment, m.~de by the Payee and the ow~ner or owners of the pro~erty atfected by said Mortgage, v?hether with or .~~ith- out notire to the 111aker, and the Maker shall continue liable to pay the amount due hereunder, but with interest at a rate no greater than the Interest Rate, accordin~ to the terms of any such agreement of extension or moditication t The unpaid balance of the Principal Amount, plus acrrued interest shall become due and payable at the option ot thE Payee under the happeninR of an event by which said balance shall or may become due and payable under the terms of said hiortgage. This Note may not be -chan~ed oraliy, but onty ~y an agreement in writing, siqned by the party aRainst vvhom en- forcement of any waiver, chanRe, modi(ication or discharge is wught. All parties to !his 1~'ote, whether 1ltaker, prin~•ipal, surety. ~;uarantor or endorspr, hereby v~aive presentment for payment, demand, protest, notice of protest, and notice of dishonor, and e:pressly agree jointly and se~erally to mmain and continue twund for the payment ot the principal and interest pm~'ided tor by the terms oi this Note, notwithstanding any extension or extensions of the time of, or tor the payment of said principal or interest, or any change or changes in the amount or amounts agreed to be paid under or by ~~rtue of the obligation to pay pro~•ided (or in this Note, or ~ny change or ~hanges by way of rele.~se or surrender or substitution of any real property and collateral, or either, held as security for this Note, and wai~•e all and ecery kind o( notice of such extension ~r e:tensions, change or changes, and agree that the same may tre made w•ithout the joinder of the 11'taker_ A~c7,dZB88 : ; ~ F ~ A lan K Baqamer - /s/ Beth A. Bagamery ~ ~ 6~~K 2~ ~~E 395 . F'AV 31J - !'=.:f'ii: =T.ts j . . _ _ _ _ . _ _ - ~~,r ~rat~' 4-„'.` ~'~s . _ ~ - ~ r ~ _ _ ° ~ ~ ~ - m .v _ 'Ci., a _ :~~`i°~ . _ . _ .