The URL can be used to link to this page

Home My WebLink About2590 IGONiTAUCTIOM ANO r~w~AN[N?1 MORTGAGE NOTE Amouat ot tl~e Note: $9,300.00 Date ot Note: May Z4, 1974 Jan. 15, 1990 Maturity Dats: - ' < Interest Rate: 9 S Interest Period: Froaa the date hereot thtough Amortisation Period: From ths da~? etter tbe Interest Periad to the Maturity Date. tnscat~nt par~?r $ 9 4. 3 3 Jan. 15, 1975 F'uat Instalment Pa~ymeat Date: ~ - F08 VALLJE RECEIVED. the undersigned and it more than one. Jointly and sevesally (the Maker), does hereby eovenant and promise to WY to the order o! Sun Bsnk ot St~ Lueie County or to ita successora or assigns (colleetively the z Payee), at its psincipal oifice at 111 Orange Avenue. Fort Pieree, Fls. or at auch other place as the Payee may desigr?ate to the Malcer In writing fmm titne to time, in legal tender oi the United S4tes~ the Amount of the Note or so much thereoi sa may be sdaanced (the PrinciPal Am°~?t) by the Payee puransr?t to s conatruction loan agreement or losn commitnnent, betvveen tde l~aker and tne Payee. to8ether pith inte=est at the Interest Rate on the unpaid balance of the Princigal Amoun~ the Inte~et period interest fro~ the date ot each advance, at the Intereat Rate, shall be payable monthly on the Crat daY ~ tbe month iollo~wins tbe month in which the first advance ia made and on the first day of each month thereafter, durir~ tLe Amortisatioa Period equal monthly instalmenta. each in the amount ot the Instalment Payment, ; the fiist wch Instelment PaymeAt to be n~ade on the Firat Instalmeat Paymrnt Date and subse9uent Instalment Pay- ~nts on the fint day of each month thereaEter witil the Maturity Date whereupon the entire unpaid balance ot principal a~ interest accru~d sad unpaid thenon ahall become due and p~yable: etch such instalment when paid shall be applied (irst to the payment ot inteeest on tLe unpsid b~lan~e at the Interes! Rate and the remainder thereot to payment on account of piincipal. If interest or any Inatalment Payaient shall not be paid whea due. ti?ei? the entire principal sum and aocnied 'u?tereat _ hereunder shall become dne and payabk at once or ther~fter, at the option of the holder of thia Note. The Payee may. at its option. collect a late charge not to e~cceed two cents for each one dollar oE each Instalment Payment not paid when dtie to reimburae the Payee for expenses o[ servicina delinquent Inatalment Payments. Failure to ezerciae theee options ahall not constitute a waiver of the ri6ht to e~cerrise the same in the event of a~?Y~ nubseciuent default ' It is further eBreed that the Maker and each endorser, suretq. Buarantor. lointly and ecverally. shall pay aU caats ot ' I~ collectioa ot thi,s Note, indudina a reasonable attorney's tee. on failur~ to pay any Instalment Payment or any accrued ~ inureat due hereunder on the due date thereot. 'This Note and sil sums due hereunder ahaU bear interest at the higheat ~ lawful rate o[ interest per ann~m in the State ot Florida from the date wl~en tbe principal and a~rtved interest undet ~ this Note ahall be due and paYable- The total interest Pnyable hereunder shall not in any one year ezceed the hiB1?eat I tawful rate of interest in tbe State of Florida. f ~ ~ Thia Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. ~ The Maker sgrees tl~at it a6a11 be bound by any_ aereement eztending tbe time or modifyinS the above terma of pay ment, made by the PaYee and the owner or owners of the pmperty affected by said Mortgage, wbether with or without ~ notice to the Maker. and the Maker ahall continue liable to pay the amount dae hereunder, but with interest at a rate no greater than the Interest Rate. aocordinE to terme of anq such agreement of e:tension or modiCtcatian. 'The unpaid balanoe of the Principal Amount, plus accrued intereat shall become due and payable at the optioa ot the Payee-nnder the haPP~~B of an event by vrhich said balance ahall or rnay become due and paYable under the teram of said MortBaBe. Thia Note may not be changed orally. but only by an agreement in writing. signed by the party againat whom en- [oroement of any wsiver, change. modi[ication or discharBe ia sough~ ~ All parties to this Note. whether Maker. principal, aurety, guarantor or endoraer, hereby waive preaentment for payment, demand, protest, notice of proteat, and notice of dishonor. and e:presely agree jointly and severally to retnain and rnntinue bound tor the payment of t~ principal and intereat provided tor by t6e terms of this Note, notwit6stendin6 any e:tenaion or e~ensiona ot the time ot, or for the payment o[ said principal or interest, or any change or changes ~ in the amount or amounts agreed to be paid under or by virtue of the oWigation to pay provided for in Wis Note. or , ~ any change or changes by way ot release or surrender or substitution ot any real property and collateral, or either. held f r as aecurity tor thia Note, and wai~~e all and every kind of notice ot such e:tension or e:tenaions, change or changes, and ~ ~ agree that the same may be made without the joinder ot the Maker. ~ ~ ~ j Carretta Reith ~ 623 N. 9th Street Fort Pferce, Fla. 33450 ~ i00lI~ PAGE~;?t7~7 ~ A.til/ JJI - AURIIG !1 fEt~ ' ~ - ~ - - - - ~ ~ ~ :r ~>-x-•c:.~+:,~z~ . xs`' ~'T~ ~ ~ -~"~Y .~~g :.~_<-g - ' „