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HomeMy WebLinkAbout1929 ~1(RM~N(NT~ MORTGAGE i~OTE $20~000.00 oace ot tvoce: July 12 ~ 197b Principal Amount: Maturity Date: Op~ ~tar ~tt~r dats - Jul~ 12, 1975. ~ ~ I~terest Rate: l~i Amorlization Period: F~om the d0.Y hereof to the hlaturity Date. ~ Instalment Payment: At ~'~i~t f • ` z Firat Instalment Paytnent Date: FOR V~LUE RECEIVED. the undersigned and if more than one, jointly and severally (the :~faker). does hereby co.enunt and promise to WY to the order of Sun Bank of St. Lucie County or to its successors or assigns icollectively the yayee). at its principal office at 111 Orange A~e.. Fort Pierce. Fla. or at such other place as the Payee may desi8aete ~ to the Jdaker in v?-ritinS from time to time. in legal tender of the Unitcd States. the Prinapal Amount together ~rith ~ interest at the Interest Rate on the unpaid balance of the Principal Amoun~ ; The sums due and owialc hereunder ahall be payable during the Amortization Period in equal monthly instalments. ~ each in the amount of the Inatalaaent Paynient, the (irst such Inatalment Payment to be mnde on the First Iastalment ~ Payment Date and subsequent Instalment Pteyments on the first daY ot each month thereafter until the Maturity Date ` whereupon the entire unpaid balance ot principal and interest accru ~ean of !Pae~i on the~unpaid~balanceeat he In- able; each such instalment w~en paid shall be applied Gtst to the pay terest Fcate and tl~e remainder thereof to payment on account ot principal_ If any Instalment Payment shall not be paid when due. then the entire principal sum and accrued interest here- under shall become due and payable at once or thernafter, at the option of the holder ot this Note. The Payee maY. at its option. collect a late chacge not to e:oeed two cents for each one doUar of each Inslalment Payment not paid when due to teimburse the PaYee for e=peases of servicing delinquent Instalment Payments. Failure to e:ercise these options shall not rnnslitute a waivrr of the right to e:emise the same in the event of any subeequent default. It is further agreed that the Maker and each endorser. surety, guarantor, jointly and se~•erallY. ahall ~paY all co~ta °j collection of this Note, including a reasonable attorney 4 tee. on failure to pay any Instalment Payment or any accrued interest due hereunder on the due date thereof. This Note and all sams due hereunder shall bear interest at the highest lawful rate ot interest per annum in the State of Florida ab e hereunder shall no t nnany'onedyear exceedt the 1uBhest this Note shall be due and payable• The total interest pay lawful rate of interest in the State of Florida. This Note is secured by a Mortgage, dated the date hEreof, of propertY situated in the State of Florida. i The Maker agrees thal it shall be bound by any agreement extending the time or modifyinB the above term4 ot j payment, madc by the Payee and the owner or owners of the propertY afE~ted by said Mortgage, whether with or with- i out notice to the 1liaaer, and the Maker shall continue liable to pay the amount due hereunder, but with interest at a I rate no greater than the Interest Rate, accordinR to the terms of any such agreement of e:tension or modiGcation. ~ The unpaid balance ofni g of an event by which, said balance shall or ma' y beco~*nedd eaand payable under the ~t rms the Payee under the happe of said Mortgage. This Note may not be changed orally, but only by nn agreement in writing, signed bY the party against whom en- torcement of any veaiver, change, modification or discharge is souBht- All parties to this Note, whether Maker, principal, surety, gwztantor or endorser, hereby waive presentment for payment, demand, protest, ni.tice of protest, and nolice of dishonor, and e:pressly agree jointly and severally to remain and continue bound for the payment of the princiEral and interest provided tor by the terms oi this Note, notwithstanding any e:tension or extensions of the time of, or tor the payment ot 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 provided tor in this Note, or any change or changes by way of release or surre'nder or substitution of any real propertY and c~llateral, or either, held as security for thi4 Note, and v?aive all and every kind of noiice ot such e:tension or eztensions, change or charges, and agree that the same maY be made without the joinder of the Maker. : _n ~ ~I 0• ~~ao e g~ A~udr~y Ga~k~sll - ey s BDDK~ ~AGF~~~ F`.~.41 )ZS - i<.:l::i: iT~l~! ~ ~ - - - _ ' ' T ' ~ ~ ~ ~7~ .a~'.:-- ~~3 'r" ~ ,