HomeMy WebLinkAbout0912 1?~AY~MLN~1 ~
MORTGAGE NOTE
~r;,,~;~t ~„w~,t: ~30. 000. 00 ~c~ ~ No~: Ju1T 30. 19T4
Maturity Date: Te~ Yesrs
Interest Rate: y i ~
pinortization Period: ~om the day hereof to the Maturity Date.
Instalment Peyment: 5388• ZO
fliat Instalment Payment Date: SEptetilb6T 1~ 1974
FOB VAI.UE RECEIVED, the undetsigned and if more than one. jointly and severally (the Maker)~ dces hereby
rnvenant and promise to pay to the order of Sun Bank oi S~ Lucie Ca~uhty or to its auecessora or assigns (collectively the
Payee)~ at ita psincipal office at 111 Orange Ave.~ Fort Pieree, Fla. or st auch oiher ghee as the Payee may deaignate
to the ~daker in writing from time to time. in legal tender oi the United Statea~ the Principal Amount together with
:n.a~4 0! t~a 7n/ern~L RHL!! en ~he ~nv~id balance of the Prin¢iPsl Amount
auwaw. .
The sume due and owinK hereunder eheU be psYable durin8 the Amortisation Period in equal monthly inatalments.
each in the amount of the Inatalment Payment. the fiiat sucb Instalment Payment to be made on the Firet Inatalment
Payment Date and subeequent Inslalment Payments on the Cust daY oE each month thereafter unSil the Maturity Date
whereupon the entire unpaid balance ot priqciPal and intereet accrued and~~P~~W on the~unP~id balance at the In- ~
able; each wch instalment when paid ahall be apPlied firat to t6e payme ~
terest Rate and the remainder thereot to PnYment on account of principal.
If any Iastalment Payment ahall not be paid when due. then the ei?tire P~pP~ a~~~ ~~~'t here-
under ahall bei.~ome due and payable at once or theieafter, at the option of the holder of this Note. The Paxee may, at
its option, collect a late charge not to e:ceed two cente fot each one dollar of each Instalment Payment not paid when
due to reimburee the Payee for e:penaes ot eervicing delinquent Instalment Paymenta. Failure to exercise t1~se opu°na
ahall not rnnstitute a waiver of tt~e right to e:erciae the eame in ue c~?ent of a°y subeequent default
It ia further agreed that the Maker and each endoreer. auretY. Buarantor. jointly and eeverally, s1~all P~aY all costa ot
collection of this Note. including a reasonable attoraey a fee. on failure to PaY anY Inatalm~t F'a3~°°ent or any accrued
interest due hereunder on the due date thcreof. This Note and all sums due hereunder ahall bear interest at the hi8hest
lawful rate of intereat per annum in the State of Florida trom the date when the principal and aocrued intereat under
t6ia Note ahall be due and PaYable• 1'he total intereat paYable hereunder shall not in any one year ezceed the hi8hest
lawful rate of interest in the State of Florida.
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~ Thia Note is secured by a Mortgage. dated the date hereof. of pmperty aituated in the 3tate of Florida.
f The Maker agrees that it aball be bound by any sgreement e:tending the time or modifYine the ab~+e of
~ payment, made by the Payee aad the owner or ownezs of the properh~ affected by said Mortgage, whether with or with'
~ out notioe to the Maker, and the Maker shall continue liable to pay the a~nount due bereunder. bnt with interest at a
rate no greater than the Interest Rate. accordinK to the te:ms of any such agreement of e:tenaion or m~cation.
The unpaid balanc~e of the PrinciPal Amount, plus accTUed interest at~all bec~ome due and payable at the option oE
the Payee under the happenin8 of an event by which said balanc~e 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 writin8. si8ned b3' the Pa~y ae~t Wh°m en-
forcement of any waiver, change. modification or dixharBe ia souBbk
All parties to this Note, whether Maker, principal. aurety. guarantor or endoreer. hereby waive presentment tor
payment, demand, proteak notice of protes~ and notice of dis6onor, and ezpresaly agree joindy and eeverally to remain
and continue bound tor the payment ot the principal and interest provided tor by the terms of this Note, notwithslandinB
any extension or e:tensions of the time of, or tor the payment of said principal or interest. or any change or changes in
the amount or amounts eg?~eed to be paid under or by virtue of the obligation to pay pmvided for in t6is Note. or any
change or changes by way of release or snrrender or substitution of any real property and collateral, or either, held as
aecurity for this Note, and v?aive ail and every kind of notice oi such e:tension or e:tensions, change or c6anges. and
agree that the same may be made wit6out the joinder of the Maker.
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~ /s/E. Lawrence Bottiger
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/ s/ Carol R. Bottiger
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800lf ~~t~V PdGE
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