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HomeMy WebLinkAbout2478 ICONl~AUCiIOM ANO ~IAwANCNTI MORTGAGE NOTE Amount ot the Note: $7 ~ SOO. OO Date ot Note: Maturity Date: `~'A=1 Yed~• Interest Rata: 9 • ` Interest Period: Frona the date hee+eot throu8b Septe~bsr 1~ 198e Amortisation Period: Fmrn the deJ? after tl~a Interest Period to the Maturity Date. Iaswmeac PaymeAt: $95.01 F;nt t,n,w,aent Psya~anc nate: September 1, 197~ F08 VALUE RECEIVED, the undeni8ned and K more than one. jo~.?tly snd severaU~ (the Msker). doea hereby eovenan! snd promiae to pay to the order oi 3un Banlc oi 3~ Lucie County or to ib succeesora or asstgna (colleetively the Payee). at its prineipal office at i~l Orange Avenue, Fost Pierce, Fla. or st such other place aa the Payee miy desiguste to the Maker in writing irom time to time, in legal tendu of the United 3tatrs, the Amonnt oi the Note or so much thcreof aa may be advanced (the Principal Amount) by the Payee pnravanL to a~nsttuction loan agreement or loan commitment. between the Msker aad the PaYee, togetl?er ~vith intereat at the Internat Rate on the unpaid .balance of the Principal Amouni During the Intereat Periad interest from the date of e~ch advance. at the Interest Rate. ahall be PaYable monthly on the Cust da~? of tbe month followinB the month in which the Cust advanoe is made and on the Cust daY of each month tbee~af ter dusin~ the Aiaortisatioa Period . sQua1-. montlily _ instalmeats, each in the aawunt of the Instalment Paymeat. ; the fir~t suc6 Instalment Payment to be mnde on t6e Fiist Instalment Payment bate and subsequenf-Iastalment Pay- ments on the first day of eacb month theresiter nntil tbe ~iaturity Date whereupoA the entire unp$id balance oi principal and interest accrued and unpaid thereon shall become due and payable: each such instalment when paid shall be applied fiest to t6e payment ot interest oa the unpaid balance at tbe Intereat Rate and the remainder t2~reof_ to payment on account of psincipal. If intereat or sny InatalaDent Payment ahall not be paid wheu due, then the entire PrinciPal sum and accrued intere°t hereunder ehall become due and payable at once or tbereaiter, at the option of the holder of ~,is Note. 'The Payee may. at ita option, collect a late charge not to ezceed two cents for each one dollar of each Iaatalment Payiaent not paid vvhen due to reimburse the Payee for e:peases o[ servicin6 delinquent Instalineat Paymenta. Failure to e:erciae these options shall no~ conatitute a waiver of tha right to e:emiae the aame in the event ot anY 6ubsecluent default~ It is further agr~ed that the Maker and each endoreer, eurety. 6uarantor, jointly and severally. ahall pay aU costa ot rnll~ction of this Note. indudin8 a nasonable ettorney's tee, on failure to pay any I~talmeat PaYment or any sorrued intereat due hereunder on the due date thereof. This Note and all aums due heseuader ahaU bear interest at the hi8hest ' lawful rete of interest per anaum in the State of Florida ttom the date when the princiP~l and accrued intetest under ~ this I~'ote ahall be due and pnyaWs. The total intereat payable hereunder ahaA not in aay one year e:cecd the higheat I law[ul rate of interest in the State of Florida. . i _ i ~ This Note is secured bY a Mortgaee. dated the date hereof. of pmpert3? eituated in the State of Florida ~ The Maker agrees that it ahall be bound by anY a8reemeat e:tending the time or modifyinB the above terms of pay- ~ ment. iaade by the Payee and the owner or owners of the propertY aftected bY eaid MortaaBe, wi~ether with or wit}wut ~ notice to the Maker. and the Maker shall rnntinue liable to pay the amount due hereunder. but with interest at a rate no greater than the Interest Rate, accordin8 to lerma of anY auch agre~nent ot eztension or modif'uation 'The unpaid balance af the Principal Amount, plus aecrued interest shall become due and paYable at the option ot the Payee-under the happening of an event by which said balance ahall or may become due and' paYaMe under the terms of eaid Mortgage. This Note may not be changed orally, but only by an agreement in writinB, si8ned bY the PartY aBau~s~ `°h°m en- torcement of any waiver. change, moditication or diacharge is sought. All parties to this Note, whether Maker, principal, surety, guarantor or endoraer. hereby waive presentment for payment. demand. proteat, notice of pmtest, and notice of dia6onor. and e=presaly aBece jointly and severally to remain and continue bound for the payment of the principei and interest provided for by the terms of thie Note, notwithstandin6 any e:tension or e:tensiona of the time of, or for the payment oE said principal or intet^est. or any change or changes in the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided tor in t6is Note. or q~ any change or changes by way o[ releaee or surrender or eubstitution o[ any real properiy and collateral, or either, held as eecurity tor thia Note, and waive ali and every kind of notice of aucb eztenaion or e:tensiona, change or changes, and ~ agree t6at the aame maY be made without the joinder of the Maker. ~ - ~ - ~ A$dresss ~ 2610 Rhode Island Avenue , ~ Fort Pierce, l~lorida 33450 , ~ . riye+ 9:: - pxrrr:sc u acu~ ~ ~ ~ - - - ~ ~ ~ - ~ . -~z .~~6 ~ 3'~ ~,r.>r~~.~ r~'~~~~~-~.-. ~ { ~ . . . _ _ _ . _ . .