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Home My WebLink About1016 ~P[RY~N~NT~ MORTGAGE NOTE Principal Amount: =13~ ~0~• 00 Date ot Note: June 21, 1974 Maturity Date: $~pttmblr 1~ 1989 Interest Rate: 9~i Amortization Period: Ftom the day hereof to the Maturity Date. Instalment Payment: =I31. ~ ~ First Instalment Payment Date: S~ptsmber 1, 19T4 FOR VALUE RECEIVED. the undersigned and if more than one. jointly and severally (the \laker). dces hereby co~enunt and promise to pay to the order oi Sun Bank of St. l.ucie County or to its successors or assigns (collectively the Payee). at its principa! office at 111 Orange A~e., Fort Pierce. Fta. or at such other place us the Yapee may designate to the ~iaker in v?~riting fmm tim.: to time. in legal tender of the United States, the Principal Amount together w-ith interest at the Interest Rate on the unpaid balance of the Principal Amount. The sums due and owinlC hereunder shall be payable dunng the Amortization Period in equal monthly instalmenta. each in the amount oi the Instalment Payment, the tirst such Instalment Payment to be made on the First Instalment Payment Date and su6eequent Instalment Paymenta on the tirst day of each month therea(ter until the riaturity Date whereupon the entire unpaid balance of principal and interest accrued and unpf+id thereon shall become due and pay- able; each such instalment when paid shall be applied tirst to the payment o[ interest on the unpaid balance at the In- terest Rate and the remainder thereot to payment on uccount ot principal. If any Instalment Payment shall not be paid when due, then the entire principal sum and accrued interest here- under s~all become due und payable at once ur thereafter, at the option of the holder of this Note_ The Payee may, at its option, collect a late charge not to exceed two cents for each one dollar of each Instalment Payment not paid when due to reimburse the Payee for expenses of servicing delinquent Instalment Payments. Failure to exercise these options shall not constitute a wa:rer ot the right to exemise ihe same in the event of any subsequent default. It is further aRreed that the Maker and each endorser, surety, guarantor, joinUy and severally, shall pay all costs ot collection of this Note, including a reasonable attorney's fee, on faiture fo pay any Instalment Payment or any acerued interest due hereunder on the due date thereof. 1'his Note and all sums due hereunder shall bear interest at the highest lawful rate of interest per annum in the State o[ Florida from the date when the principal and acrrued interest unuer this Note shall be due and payable_ The total interest payable hereunder shall not in any one year exceed the high~ct lawful rate of interest in lhe State of Florida. 'i This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. I The Maker agrees that it shall be bound by any agreement e:tending the time or modifying ihe above terms of f payment, made by the Payee and the ow-ner or owners of the property a[fected by said Tiortgage, whether v~yth or N~th- ~ out notice to the Maker, and the Maker shall continue liable to pa> the amount due hereunder, hut with interest at a ~ rate no greater than the Interest Rate, accordinR to the terms of any such agreement of extension or modification. The unpaid balance ot the Principal Amount, plus acrrued interest shall become due and payable 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_ T'his Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- forcement of any waiver, change, modification or dischsr~e is sought All parfies to this Note, whether Maker, principal, surety, guarantot or endorser, hereby waive presentment for payment, demand, protest, notice of protest, and notice ot dishoner, a~d ezpressly agree jointly and severally to remain and continue bound [or the payment of the principal and interest pro~~ded tor by the terms of this Note, notwithstanding any eztension or eztensions of the time of, or for the payment ot said principal or interest, or any change or changes in the amount or amounts agreed to be paid under or by virtue ot the obligation to pay provided for in this Note, or any change or changes by way of rnlease or surrender or substitotion of any rnal property and collateral, or either, held as security for this Note, and w-aive all and every kind of notice of such e=tension or eztensions, change or changes, and agree that the same ~nay be made without the joinder oi the Maker. FrivileQe af prsparmeat ot all or ~ anY part at any time is hasebr granted withont pena?lt~. ~ /s/ Joseph D'Alessandro /s/ Camille D'Alessandro afloKz~ ~A~~o~s i2' - ' ~ i-: i; =%.C?~ ~ ~~R~~~ ~ ~ . . s . . . - . ~