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Home My WebLink About2451 . c ICONf~11UCT10N ANO ~[11YAN[NTI MORTGAGE NOTE - Amount ot the Note: s18~ 000. 00 Date oE Nu:e: f~t3~u1~t 14~ 19?4 Maturity Date: Januasy 1S, 1990 Intera.c Rate: q#~ - Intesat Period: F`rom ths date henot throuaL A~rtizauon period; From t}~e day aiter ths Interest Period to the Maturity Date. Instalment PaYment: f 187. 9T ~e~st Inataiment Payment Date: Januaucy 15, 1975 F08 VALUE AECEIVED the undersigned aad if more than one, jointly and severaUy (the Maker). doei hereby eovenant and promise to p~Y ~he ordu oi Sun Bank oi 3~ Lncie County or to i4 auocessors or assigns (eoUectively the Payee). st its psineipal oifice at ill Orange Avenue, Fort Pierce. Fls. or at such other plsce as the PaYee maY de~8~?~ to the Maker in ws[ting fmm time to time. in legal tender oi the United Ststes, the Amount of the Note os so mueh thereof ss may be advar.tad (the PrinciP~l ~?mount) by ~ PaYee purauant to a c.onstruction losn agreement or loan commitment, between the l~sicu and the Payee. together wlth interest at tt?e Interest Rate on the unpsid balance oi the . principsl AtaounL ' Durina tha Interest Period interest [rom tbe date of each adve~-~, at the Interes! Rate. ehall be paYabk monthly on tl~e tirat day of the month follo~wina the month. ia _which tbe first advanoe is made and oa tbe first day ot each month Wer~fter. duriaa tbe Amortization Period equal monthly instalmenb. eedi ~n tbe suwunt ot the Instalydent Peyment, the Cir~t auc6 Instalment Peyment to be msde on the I~ist Instalment Payment Date and aubsequent Instalment Pay- menb on the first dsy of esch mopW tl~ereatter untit the Maturity Date whereupon the entire unpaid b~lanoe oi principal and intet~at a~cr~~d and unpaid t6ereon sball become due and payable: eadi auch instaiment whea paid shall be applied (irat to the psyment oi interest on the unpaid bslance at the Interest Rate and the remainder thereo~ to payment on aocount of principal. ' ' If interEat or any Instalment Paymeat shall not be P~d when due. then the entire principal aum and accrued intereat here~nder shail become due and payabk at onoe or ther~tter. at tbe option of We holder of this Note. The PaYee may. at its aption. coUect a late charge not to exceed two cents tor each one doUar of each Instalment Payment not paid when dt~e to reimburse the Payee for e:pensee o[ servicin6 delinquent Inatalment Payments. Failure to esercise these ' options ahall no~ constitute a waiver of the ri8ht to e:erci~e the aame in the event of any subsequeat detault. It ia Eurther agreed that tbe Maker and each endorser. aurety. guarantor. jointly and eeveraliy, ahall pay all casts of coll~ction of thia Note. includ~n8 e reaaonable attorney's fee. on tailure to paY.anY Instalment Payment or atly accrued interest due bereunder on the due date thereof. 'I7~is Note and all aums due hereunder shall bear intereat at the higheat i lawful rate of iaterest per anaum in the 3tate of Florida from the date when the principal and accrued intereat under this Note ahall be due and paYable. The total interest PeYable hereunder ahall not in any one year e:ceed the higheat ~ lawful rate of interest in the 3tate of Florida. ~ - I "This Note is secured by a Mortga6e, dated the date hereof. ot pmperty eituated in t6e 3tate of Florida. ~ b an ment e:tendin8 the time or modifyins the above terma of pay- ~ The Maker agreea tbat it ahall be bound y y a8ree ment, rnade by the Payee and the awuer or owners of the P~Pe~Y affected by said Mortgage. whether with or without notice to the Maker. and We Maker ahall continue liable to pay the amo~u?t due i:ereunder. but with interest at a rate no greater than the Intereat Rate, accordina w ter~ns of any such agreement of e:tension or modification. '1'he nnpaid balance of the PrineiPat Amount, Plua aecrued interest ahall become due and P~Yable at the option of the Payee-under the happening of an event by which eaid balance shall or may become due and' Pay~e under the terms of said Mortgage. This Note may not be changed orally. but only by an agreement in writing, ai8ned bY the PanY againa~ ~"'h°m en- forcement of any waiver, change, modificetion or diecharge is aought. All partiea to thia Note, whether Maker, ptincipal. surety. guarantor or endoreer, bereby waive presentment for payment, demand, protest, notice of protea~ and notice of dis6onor, and ezpressly agree joindy and severaUy to remain and continue bound for t6e payment of the principel and interest provided for by the terms of this Note, notwitbstandin8 ~ any e:tension or e:tensions o[ the time of, or for the payment of aaid ptincipal or interest, or any change or changes in the amount or amounta agreed to be paid under or by virtue of the obligation to pay pmvided (or in thia Note. or ~ any change or changes by way of relesee or surrender or subetitution oi any real pro~erty and collateral. or either. held as security [or thia Note, a~ weive all and every kind o[ notice of such e:tension or e:tenaions, change or changea. and ~ agcee that the aame may be made w~thout the joinder of the Maker. ~ ~ Privilege of prepaymant of all ~ or nny part st sny time is hereby ~ grsated ~vithout penaity. ~ /s/ Bernard W. McBee /s/ Margaret H. McBee i ~Y~ ~ `~11~ ~ ~ri '°`5 r:pr as: - r~tt+rnc rr aua ~ } ~ - - - - - - ~ ~ ~ _ ro_' _ .,_.d ~ . _ . , ~s.~,~- X