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Home My WebLink About1233 ICONlTAUCTION ANO ~~AMAN[NTI MQRTGAGE NOTE Amount ot the Note: ~ZQ ~ ~d0. 0O ~ Date of Note: ~g911At 1~ 147~ Macuricy Dace: litt~u~ Yeass ~ Interest Rate: 9~ - Interest Period: Fcom t1~e date hst~eot ~m~h JAUUa~Cy 1• 1990 Amortisation Period: ~om the dsY aEter the Interes~ Pesiod to tbe Maturity Date. IndwmeAt Paymenc: ~ZOZ.86 First Instatmeat Pqymeat Date: J~ua1y 1~ 197'.i FOR VALUT REC~IVED, the undersigned and if more than one. ~ointlY snd eeverally (the ldalcer). dces henby covenant snd promise to pey to the order of San Bank oi S~ Lucie County or to its ~eceseors or aaaigas (collectively the Pavee). at ita principsl oHice st ill Orange Avenue. Fort Pieree. Fla. or st aueh other place aa the Payee aasy designate to the Maker in writ'tng irom time to time, in legal tender oi the Unite~ ~tucs. ine nmouni ot ine 'rioie ~r o„ thereof as may be advsnced (tt?e PiinciPal Aawunt) by the Payee pursuant to a constavction loan ~sgresment or loan coinmitment. Detween the Makes and the Payee. togather with interest at the Interest Rate on the unpaid balance oi tl~e Pslncipal Amounk _ During the Interest Period interest from the date of each advance. at tl~e Irterest Rate, shall be PeYable monthly on tt~e first day of tLe month foUowias tbe month in which the Cust sdvanoe is made and on the first day ot each month thereafter, duriag t6e Amortization Periad equal monthly instalmenta. each in tbe sawnnt ot the Instalment Payment, the Crst such Instalment Payment to ba mada on the flrd Iastalment Paya.ant I3ete and subsequeat Instalment Pay. meata on the fiist day of each montb thereafter until the Maturity Date whereupon the entire unpaid balance nf principal auil interest aceiued and unpaid thereon shall become due and payable: eacb such instalment when paid shall be applied Eirst to the payment oE interest on the unpaid balance at the InterESt Rate and the remainder thereof to payment on acoount oE principal. If interest or any Lsstalment Payment ahall not be paid when due, then tbe entire Principal sun? and accrued interest bereunder ahall become due and payable at once or tbereaf ter, at the option of the hoWer of thia Note. The Payee may. at ib option. coAect a late charge not to ~ceed two cents for each one dollar of each Inatalment Payment not paid whea dne to reimburs~ the Payee for e:penses of aetvicins delinquent Instaiment ~ayments. Failure to e:ercise these options ahall nof eanstitute s waiver of the right to e:erciae the same in the e~vent of any subsequent defaulL It is further agreed that tbe Maker and each endo~aer, -aurety, guarantor, jointly and severally, ahall paY all costs ot - collection of this Note, including a reasonaWe attomey's fee, on faihu+e to pey any Instalment Payment or any accrued ~ interest due bereunder on the due date thereoE. This Note and all eums due hereunder ahall bear interESt at the highest ; lawful rate ot interest per annum in the 3tate ot Florida from the date when the principal and accrued interest under ~ this Note ahall be due snd payable. The total intereat payable hereunder ahail not in any one year e:oced the hiBhest ~ lawful rate of interest ia the State of Florida. ! g T6ia Note ia eecured bq a Mortgage, dated the date hereof, of property aituated in the 3tate of Florida. 6 ~ Tbe Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above terms of PsY- . ~ ment, made by the Payee and the owner or mNne:s of the pmperty affected by aaid MortgaBe, whether with or without ~ notice to the Maker, and the Maker ahall rnntinue liable to pay the amount due hereunder, but with interest at a rate ~ no greater than the lnterest Rate. according to terms of any auch agreement of e:tenaion oz modification. The unpaid balance ot the Principal Amoun~ plus acrrued interest ahall become due and payable at the optioa of the payee-under the happening of an event by which said balance ahall or may become due and payabie under the terms of said Mortgage. Thia Note may not be changed orally, but onlp by an asreement in writing, si~ed by c~,e party against w6om en- forcement of any waiver. change. modification or discharge ia sought. ~ ~ All parties to tlris Note. whether Maker, Principal, aurety, guarantor or endoraer. hereby waive ptesentment for ~ payment. demand, pmtest, notice of protest, and notice of diahonor. and e=pressly agree joindy and severelly to remain and continue bound tor the payment of the principal and interest pmvided for by the terms ot this Note, notarithstandina any extension or ezteneiona of tbe time of, or for the payment o[ said principal or interest. or any change or changea ~ in the amount ar amounts agreed to be paid under or by virtue of the obligation to pay provided for in this Note, or ~ any change or changes by way of releaee or surrender or subatitution ot any real pmperty and collateral, or either, held ~ as security tor thia Note, and waive all and every kind of notice of such e:tension or e:tensions, change or changea, and agree that the same may be made without the joinder of t6e Maker. ~ ~ ~ ~ ~ - A+ddres~: _ ~ . 1123 A Hernando Street ~ ~ja - Fost Piarce, llorida 33450 ~ ~ ~ _ er b~~,. 60QK~ PA6[~GJJ ~ ~ ~ - - - - _ _ ~ -