The URL can be used to link to this page

Home My WebLink About2638 ~~[AY~N[N/1 MORTGAGE NOTE Principal Amount: S~ 00~ • ~0 Date of Note: ~uQUat 15 ~ 197 j Maturity Daee: ~ ~e~~ Interest Rate: 9 • . Amortization Petiod: Fmm the day hereof to the Maturity Date. ~ Inatalment Payment: SS7O. ~5 - Firat Insialment Payment Date: ~%~~r lO •!~?4 FOR VALUE AECEIVED, the undersigned and if more than one. jointly and se~erally (the iiaker). dces hereby co~enant and promise to pay to the order of Sun Bank of S~ Lucie County or to its successors or assigns (collectively the Payee), at ite principal office at 111 Orange Ave.~ Fort Pierce. Fla. or at such other place as the Payee may designate to the Maker in w-riting irom time to time. in legal tender of the United States. the Principal Amount together K7tI1 ; interest at the Interest Rate on the unpaid balance of the Principal Amount ` The sums due and owinR hereunder ahall be payable during the Amortization Period in equal monthly instalmenta, each in the amount of the Inatalment Payment, the tirat such Instalment Payment to be made on the First Instalment Payment Date and subaequent Instalment Paymenta on the tirst day of each month therea(ter until the Maturity Date whereupon the entire unpaid balance o[ ptincipal and intereat accn~ed and unpaid thereon shall become due an.d pay- ,z able; each such instalment when paid shall be applied first to the payment of interest on the unpaid balance at the In- ; terest Rate and the remainder t6ereot to payment on account ot principal. ~ i If any Inatalment Payment shali not be paid when due, then the entire principal sum and accrued interest here- ? under shall become due and payable at once or thereatter, at the option of the holder of this Note. The Payee may. at ib optiea, collect a late charge not to ezceed two centa for each one dollar of each Instalment Payment not paid when due to reimburse the Payee for e:penses of servicinB delin9uent Instalment Paymenta Failure to ezercise these options shall not constitute a waiver of the right to exerciae the same in the event of any sut~aequent detault. It is further agreed that the Maker and each endorser, surety, guarantor, jointly and severally, shall pay all c~ts ot collection of this Ttote, including a reasonable attorney's fee, on failure to pay any Instalment Payment or any accrued _ interest due hereunder on the due date thereof. This Note and all sums due hereunder shall bear interest at the highest lawful rate of interest per annum in the State of Florida trom the date when the principal and accrued interest under this Note ahall be due and payable. The total interest payable hereunder shall not in any one year exceed the hiRhest lawful rate of interest in the State of Florida. ~ i i This I~Tote is secured by a Mortgage, dated the date hereof, of properiy situated in the State of Florida. ~ . E f ' ~ The Maker agreea that it shaii i~e t~ounci by any agreement eztending the time or modifying the above terms of E payment. made by the Payee and the ov~~ner or ownezs of the pmperty affected by ss~id Mortgage, whether with or with- ~ out 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, according to the terms of any such agreement of eztension or modification. ~ The unpaid balance of the Principal Amount, plus accrued interest shall becwme due and payable at the option ot _ the Payee under the hsippening of an event by which said balance shall or may become due and payable under the terms e of said Mortgage. " This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- torcement of any waiver, change, modification or discharge is sought_ ~ All parties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment for - payment, demand, protest, notice of ptotest, and notice of dishonor, and e:pressly agree jointly and severally to remain ~ and continue bound for the payment of the principal and interest pro~~ded for by the terms of this Note, notwithstanding s any e:tension or e:tensions of the time of, or for the payment ot said principal or interest, or any change or changes in the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided for in thia Note, or any change or changes by way of release or surrender or substitution of any real pmperty and collateral, or either, held as ~ security for this Note, and w•aive all and every kind of notice ot snch e:tension or extensions, change or changes, and ~ agree that t6e same may be made without the joinder of the Maker. ~i - ~ ~ ~ /s/ Richard A. Flanigan ~ ~ ~ddress: Route 5. Box 31 ' , Fort Pierce, Fla. 33~150 ~ ~ - /s/ Alice J. Flanigan ' ~ ' ~ BCPK ~ PA6E~~~T rcer aa~ - Perrrts: er uus ~ - - . - - _ ~ _ . . _ , r. _ . . _ ~ _ - - ~