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Home My WebLink About1237 . • ~ ~ ICON~TAUCTION ANO ~[AM ANEN~1 ' _ MORTGAGE NOTE Amount ot ihe Note: a~~~~~~•~~ Data ot Note: ~119t1~t 1~ 197e Maturity Date: ~i=~~l Y~u~ Intere~t Rate: 9~ Inteseet Perioa: Fran the aace beraot through Jasluary l, 1990 . Amortisation Period: From the da3? atter the Interest Period to tbe Maturity Date. ~~nt p~ent: ~Z53. S7 _ t~rst tMtalmenc payment Date: JanuasY 1, 19? S FOR VALUE RECEIVED. the underaigned and ii more than one, jointiq and aevenlly (the Haker). does henby oovenant e~nd promiae to psY to the ordes oi Sun Bank oi St~ Lucie County or to its sueceswn or aaaigns (collectively the Payee), at its prtncipal office at 111 Orange Aveaue, Fort Pierce,_Fla. or at such other plaee as the Payee may desiguate t0 ~1@ ffiaker in writing irom time io iime. lIt lCgi1 LCltdei' 6~ utu vTu'"wu :~i~s4w`s~ 4w°v i~~!~ nr ~~:zrh thereof aa msy be advanced (the Pr~nciPal Amount) by the P~yee pursusnt to s conatruction loan .agrEement or losn commitment~ betweea the Msker aad the Psyee. together with interest at the Intereat Rate on the unpsid balance of the . principsl Amounk - Dur~ng the Interest Period interest tmm the date ot each advance. at the Intereat Rate. ahall be paYable monthly on the Grst day of the month following the month in which the first advanoe is made and on the Cuat day of each month thereafter. during tl~e Amortizatian Petiod equal montlily instalmenb. eac~ in the amount oE the Instalment Psyment, tbe first such Instalment Payment to be made on the Fiiat Instalment Paymeat Date and auMequent Instalment Pay- menta on !he ~ret day ot each month thereaites until the Maturity Date wbereupon the entire unpaid balance of principal and interest acerued and unpaid thereon sl~all become due a~ paYable; each such instalment when paid ahaU be applied tirst to the payment oi interest on the . unpaid balance at the Interest Rate and the nmainder thereof to payment on acconnt o[ principal. If interest or any Iastalment Payment ahall not be paid when due, then the entire ptinciPal aum and acct~~d in~~t hereunder aball become due and payable at once or tbereaiter, at the option of the holder of thia Note. The Payee may. at i4 option, collect a late charge not to ezceed two cente for each one doUar of each Inatalment Payment not paid w,hen due to reimbuzse the Payee tor ezpenaee of servirins delinquent Instelosent Payments. Failure to eurcise these options ahall nof rnnatitute a waiver of the right to e:ercise the aame in the event of anY subsequent defaulk ~ It ia further agreed that t}~e Maker and each endoreer. surety. guarantor, jointly and eeverally. sha11 paY all costs oi ~ rnilection. of thia Note. includina a reasonable sttorney's fee. on. failu~e to pey any Lestalment Payment or any aecnied intereat due hereunder on tbe due date theteof. Thia Note and all suma due hereunder shall bear interest at the higheat ~ Iawful rate of interest per annum in the State of Florida ftom tbe date when the priacipal and accrued interest under ~ thia Note shall be due and payable. The total interest payable hereunder sball not in any one year ezceed the highest ~ lawful rate of interest in the State of Florida. 'Thia Note is secured bY a Morigage, dated the date hereof, of property situated in the State of Florida. The Maker agreea that it ehall be bound by any aBreement extending the time or modifying the above terms of pay- ment, made by the Payee and the owner or owners of the pmperty affected by said Mortgage. whether with or wit}wut notice W the Maker, and the Maker ahall continue 1ia61e to pay We amount due hereunder, but with interest at a tate no greater than the Inter~t Rate. according to terms of any auch agreeinent ad extension or modification. 'The unpaid balanee of the Principal Amoun~ plus accrued intereat shail become due and payable at tbe option of the Payee -under the happenin8 of an event by w}uch said balance ahall or may become due and' payable under the terma of naid Mortgage. This Note may not be changed orally. but only by an agreement in writing, signed bY the party a8au~st whom en" forcement of any waiver. change, modiCcation or discharge ia sought. All parties to this Note. whether Maker, prinripal, surety, guarantor_ or endoraer, hereby vreive preeentment for payment, demand, pmteat, notice of protest. and notice of dishonor, and ezpresaly agree jointly and severally to remain ~ ~ and continue bound for the payment of the ptincipal and inter~st provided for by t6e terms of this Note, notwiWatandin8 - any e:tension or e:tensiona of the time of. or tor the payment of aaid principal or interest, or any c6ange or changes in the amount or amounts agreed to be paid under or by virtue ot the obligation to pay provided for in thia Note. or ~ any cbange or chan6es by way of relea~ or eurrender or su~titution of any real pmperty and collateral, or either, held as security for thia Note, and waive all and every kind of notice of such eztension or eztensions, change or changes, and ~ agree that t6e aame may be made without the joinder ot the Maker. . ~ ~ t~ ~ ~ ? ~ At~t3=Od~ i ~ llZ3 ~iernando Stre~t lort Pi~so~, Florida 33450 . ~~-2~- ~ ° R ~l ~12~3? y~ rnn+ au - rxrr.rs. a~ arws QOOK ~ _ . , - - - - - - - - - ~ . . _ . . _s_~_x