HomeMy WebLinkAbout2458 ~?EAMaN[NTI
MORTGAGE NOTE
~ 31, 600. UO ~ po~: ..Tuly 17, 1974
Principal Amount:
Mac~r~cy nace: Ten Years
~ 9~1 -
Interest Rate:
Amortization Pesiod: From the day hereot to the Maturity Datc.
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Inatalment Peymenl: }
S~g~tember 15, 1974 }
Firat Instalment Payment Date:
FOR VALUE RECEIVED. the underaigned and if more than one. jointly and severally (the Dlaker). doea hereby -
coeenant and promise to PaY to the order of Sun Bank of S~ Lucie County or to its auccessors or assigns (collectively the
Payee), at its principal office at 111 Orange Ave., Fort Pieree. Fla. or at saeh other place as the Payee may desi8nate
to the Ddaker in Mriting from time to time, in legal tender oi the United States~ the Principal Amount together alth
interest at the Interest Rate on the unpaid balance of the Principal Amount
The sums due nnd owinK hereunder ahall be payable during the Amortization Period in equal monthly instalments.
each in the amount ot the Instalment Payment, the tirst suf~~natalment Payment to be mad~ on the Firat Instalment
Payment Date and subse9uent Instalment Paymenta on the gay of each month lhereafter until the Maturity Date
whereupon We entire unpaid balance of priqcipal and interest accrued and unpaid thereon ahall become due and pay-
abte; each such instalment when paid shall be applied Ctst to the payment of interest on We unpaid balance at the In-
terest Rate and the remainder thereof to payment on account of principal. .
If any Instalment Payment shall not be paid when due, then the entire principal sum and accrued intereat here-
under shall become due and payable at once or thereafter, at the option of the holder of thea Note. The PaYee maY. at
its option, collect a late charge not to e:ceed two centa for each one dollar of each Instalment Payment not paid when
due to reimburse the Payee for e:penses of servicin8 delinquent Instalment Paymenta. Failure to e:ercise these optiona
shall not constitute a waiver of the right to e:erc~se the same in the event of any subsequent default
It is further agreed that the 11Saker and each endorser, aurety, guarantor. jointly and eeverally, ahall pay all coste of .
collection of this Note, including a reasonable attorney's fee. on failure to pay any InstaUnent Payment or any acrrued s
interest due hereunder on the due date thereof_ 1'his Note and all sums due hereunder shall bear intetest at the t.ighest
law[ul rate of interest per annum in the State of Florida from the date when the princiPai and ac~rued interest under
this Note shall be due and payable. 'I'he total interest payable hereunder shall not in any one year exct>ed the h~Bhest
lawtul rate of interest in the State of Florida_
I
; This Note is secured by a Mortgage, dated the date hereof, of property situated in the Sfate of Florida.
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~ The Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above tertns of
payment, made by the Payee and the ownec or owners of the propertY affected by said Mortgage. whether with or with-
out notice to the Maker, and the Maker shall continue liable to pay the amount due hereunder, bnt with inte' est at a
rate no ~reater than the Interest P.ate, according to the term.c of any such agreement of e:tension or modification.
The unpaid balance of the Principal Amount, plus accrued interPSt shall become due and payable at the option of
the Payee under the happening of an event by which said balance c.hail 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 against whom en-
torcement ot any waiver, change, moditication or digcharBe is sought.
All parties to this Note, whether Maker, principal, surety, guarantor or endorser. hereby waive presentment for
payment, demand, protest, notice of protest, and notice of dishonor, and e:pressly agree jointly and severally to remain
~nd continue bound tor the payment ot the principal and intereat pro~~ded tor by the terms of this Note, notwithsfanding ~
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 virtue ot the obligation to pay pm~ided tor in this Note, or any
c6ange or changes by way of release or surrender or substitution o( any real propertY and co~tatera~• or either, held aa
seclirity for this Note, and w-aive all and every kind of notice of snch e:tension or extensions, change or changes, and
agree that the same may be made without the joinder of the Maker.
Ad~res~: Ro~t~ 1, Lox 332
Fort 'ierc~ , 'r'l~rida 33~.iG
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/s/ Joseph George Miller
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