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Home My WebLink About0179 ICONSTNUCTION AMO rERMANLNTI ~ MORTGAGE NOTE pruount ot the Note: ~~0, 800.00 Daee ot Note: July 22 1974 - . . Ma~~ricy ~te: Nov~sb~r 1, 1989 - - r-•-- 9t ii~icicoi iw.:.. - Intereat Period: ~om c~,~ aac~ ~reor uu~~~ lour Months - Eatimat~d Conetrnction Pariod Amortiaation Period: From the day aftcr the Interest Period to the Maturity Date. t,~~t~c p~y~n~: 8515.2'f ' . Fiist Inetalment Payment Date: ~Q~r 197 4 FOR VALUE RECEIVED. the undersigned and ii more than one, jointly and severally (the Maker). doea hereby covenant and promise to pay to tt?e order of Sun Beu?k of St~ Lucie County or to its suceessors or assigna (eoUeetively the Payee). at its principal office at 111 Orange Avenue, Fort Pierce, Fla or at such other place as the Payee may designate to the Maker in writing irom time to time. in legal tender of the United Statea~ the Amount of the Note or eo much thereoi as may be advanced (iae PrinciPsi ntn~uat3 iry t~.~ Fay~e .g•azg.:o:.: :o s essns:r.~t*_:c:: g~*+~ment ~r l~n commitment, between the Maker and the Payee, together wiW interest at the Intereat Rate on the unpaid balanee oi the Principal Amount~ During the Intereat Period interest ftom t6e date of each advance. at the Intecest Rate. shall be payable monthly on the first day of tl~e month followins the month in which the ~rat advance is made and on the i'irst day of each month thereafter; during the Atnortisation Period equal monthly instalanenta. esch in the amount of the Instalment Payment. the Crst such Instalment Payment to be made on the First Inslalment Payment Date and subae9uent Instalment Pay- _ ments on the tirst day of eac6 month thereatter until tLe Maturity Date whereupon the entire unpaid balance of principal and intereat accnied and unpaid thereon ahall become due and payable; ~ch such instalment when paid sball be applied ~ tirat to t6e payment ot intereet on the unpaid balance at the InterESt Rate and the remainder thereof to payment on account of principal. If intereat or any Inatalment Payment shall not be paid when due. thea the entire principal sum and accrued interest hereunder shaA become due and payable at once or thereaf ter, at the option of the hotder ot this Note. The Payee roay, at ita option. collect a late charge not to ezceed two centn~ur each one dollar of each Instalment Payment not paid when due to reimburae the PaYee for e:penaes of servicing delinquent Inatalment Paymente. Failure to ezercise these optiona ehall not constitute a waiver oi the right to e:ercise the same in the event of any subsequent default. It ia further agreed t6at tbe Maker and each endorser. surety, gnarantor. jointly and severally, shall pay all coeta oi ~ collectioa of this Note. including a reaeonable attorney e fee, on failure to pay any Instalment Payment or any acerued intereat due hereunder on the due date thereof• This Note and alt suma due hereunder ahall bear interest at the highest ~ lawtul rete of intereat per annum in the State of Florida from the date when the principal and aecrued interest under ; thia Note ahall be due and payable. The total intereat payable hereunder shall not in any one year excc~ed the highest ~ lawful rate of interest in We -3tate of Florida. d t Thia Note ia eecured by a Mortgage. dated the date hereqj, of property aituated in the State af Florida. ~ The Maker agrees tbat it ahall be boand by any agreement extending the time or modifying the above terms of pay- e ment, made by the Payee and the owner or owners of the property af[ected by said Mortgage, wbether with or without ~ notice to the Maker. and the Maker ahall continue liable to pay the amount due hereunder. but with iritetest at a rate ~ no greater than the Interest Rate, accordine to terms of any such agreement ~ e=tenaioa or modification. The unpaid balance ot the Principal Aenoun:, plua accrued intereat ahalt become due and payahl~ 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. - This 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. modiCcation or diacharge is sought. _ ~ All pariies to this Note, whether Maker. prinripal, surety, guarantor or endorser. hereby waive presentment for ~ payment, demand, protest, notice of protest, and notice of dishonor, and e:presaly agree joindy and aeverally to remain ~ and continue bound tor the payment ot the principal and interest provided for by the terms ot thia Note, notwithstanding ~ any eitension or e:tensiona ot t6e time of, or for the payment of said principal or interest, or any change or changea ~ in the amount or amounta agreed to be paid under or by rirtue of the obligation to pay pmvided for in this Note, or any change or cbanges by way of release or surrender or substitution of any real property and collateral, or either, held '=t as aecurity for t6is Note. and waive al1 and every kind of notice ot auch extension or e:tensione, change or changes. and agree that We same may be made without the joinder of the Maker_ ~ ~ ~ ~ During construction period this loan is to be on a demand basis ~ with interest billed morithly on Phillip E. Dall.~,an s/ ~ amount outstanding. n-; - ~ ~ ~ ?'on J. Grossn~klaus s/ ~ ~ . ~ Y U R JV PACE 3T~ 800K "~f rowr azz - rxzrrr+. e~ ar.uar ~ ~ ~ ~ ; _ - - - - s ~ ~ . ~ ~ ~ ~ ~ _ _ _ . :i