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Home My WebLink About0838 ~ ~CONiTRUCT/0M ANO ~[AY~MCMYI ' NitaRTGAGE NOTE Amount ot the Note: $14 , 4 0 0. 00 D+te ot Note: Aur_; u s; ? 1• 1° 7~t Matueity Date: F1fte~I~ Years Interrrac Race: S ~ IntereRt Poriod: b~om t1~e date bereoi throuab JSn. 1, 1990 - Amo~atioa Per:od: Fms~a tlre da,Y atter l~IQ IIItQTeb~ PQ[lOl~ t0 tLe Maturity O~te. Instalcoent Payment: $ Z 4 2,. 0 4 ~rsc tnata~~t Psym~At n.~e: Janu , ary 1, 19? 5 FOR YALUE It~CEIVED. the underaiened and it aan Wan ane. jointly and aeveralt~ (the Maker). does bereby covenant aad promiae to pay to th~ order of Snn Bank of 3t. Lueie Co~ntyr or to its syccesso~s or assigns (eollectivel~ the Payee). st its priacipal oifice at 111 Orange Avenue, Fort Pteree. F1s. or st sueh other plaee as the Psyee inay deaignaie ta the Maker in ~vritin8 imm time to time. in legal tendes of the United States, the Amount of the Note or so much thereoi as may be advanced (the PrinciPsl Amoant) by the Payee Pursuant !o s constrnetion loan agreement or loan commitment. between the Maker and the Paye~. together with intet+est at We Inter~st Rate on the unpaid balsnce of the principal Amounk Durins the Interest Period interest from tbe date of each advance, at the Intereat Rate. shall k PSYable aanthly on We i'uat day of -tLe ~wnth fdlawina the ma~W in which tl~e i"ust advance is made and on the first day of each month thereafter; dutin~ the Amortization Period e9ua1 montlilY iastalments. euch in tl~e amount of the Inatalment Payment, t~ tbe firet auch'Initalment Psyment to be made on t6e flrst Inetalment Paymeat Date and au~sequent Instalment Pay- menta on the ~rst day of each month thereatter until the Maturity Date whernvpon the entire unpaid balat~e of principal and interrst accrued and unpaid thereon sl~all become due a ad p~Y~e: eacb such insta:ment when paid a6a1~ be applied fi:st to the payment ot interest on the unpaid balance at the Interast Rate and tbe remainder thereot to payment on account of principal. If interest or any Inetalment Payarent s?tis11 not be paid whea due. tbea tl~e entire princip~ll aum a.xl accn:ed interest hereunder ahall become due and payable at ot~ce or ther~tter, at the option of the holder of this Note. 1Le Payee roay~ at its aption. collect a late charge not to ezoeed two cente for each one dollat of esch Inatalment Payment nat p~id vuhen aue W nimburae tbe Payee for e:penses of servicina deliaquent Instalment Paymenta. Failure to e:ercise these optio~s sbaU noE rnnstitute a waiver oE the riaht to ezerciae tM same in the eveat of anY au6sequent default It is further asreed tbat tbe Maker and each endoreer. aurety. Buarantor• lointly and severally. st~all Pay all coets of colt~ction oE this Note. includin8 a reaaonable attorney's fee. on failure to pay any Instalment Payment or any acrn~ed inte~+eat due hezevnder on the due date tbereof_ Tfiis Note and all sums d~ hereunder ahall bear iaterest at the higheat I law[ul rate ot intereet per annum ia tbe State oE Florida fmm the date when the pr:acipal and a~csued interesi under ~ this Note ahall be due and PaYable. Tbe total interest payable hereunder shall not in any one year e:~eed the higheat ~ lawful rate of interest in the State of Florida. This Note is secueeel bY a Mortgage, dated the date hereof. of PropertY aitusted in the 3tate of Florida. The Msker agrees that it a~all be bonnd by any s8reement e:tendiag the time or modifying We above terms of Pm~y- ment. made by the Payee and the owner or ownera of the P~i~~Y affected by said Mortaage. whether with or without no:ice t~• the Maker. and tbe biaker shalt continue liable to pay the amount due hereunder. but with interest at a rate no greater Ehan the Interest Rate. aecording to terms ot any such agreement oE eztensioa or modification. The unpaid balanoe of tbe Principal Amount, plus accn~ed interest shall beeome due and paYable at the option of the Payee-under the haPaenin6 oi an event by which saul balance ahall or may becoroe due and' p~Yable nnder the tern~s of said Mortgage. This Note may not be changed orally. but only by an agreement in writinS. si8~~ed bY ~ P+nY `*'h°~° forrement of any waiver, rhange, modiC~cation or diacharBe is sought All parties to t6is I~tote. whether Maker. principal, aurety. guarantor or endoiaer. hereby waive preaeatment tor payment, demand, pmtest, notice of protest, and notice of diahanor, and e:pressly agrPe jointly and severally to remain and rnntinue bound for the payment of ihe principal and interest Pmvided tor by the terms of this Note. notwitbstandin6 any eztenaion or e:tenaions of We time of. or tor the payment oE said principal or intereat..or any c6ange or chnnaes in t6e amount or aawunta agreed to be paid under or by virtue of the oMigation to pay pmeided for in this Note. or any change or chanBes bY waY ~f releaae or wrrPnder or substitution of any real propzdy and collateral. or eitber, held as aecurity tor t6ia Note, and waive all and every kind ot:notice of such extension or e:tenaion~, chanae or changes, and agree that the same may be made without t6e joitider.:o~'t~ Maker. _ _ , , . J .•'~;_c ~%.U.;,~~~•;~;~:~,,- IIackus Enterprises, Zncorc~rateci - ~ ; ~'t ~ ~ f;~':, : . • - • ~ v J~. 'i... . • A . ~ ~r1 C ~ ~ ~ r. . ~ ~ ~.J ~ b 1 L. 'v~iw_.cS- ~ j : _ , ; f r; ~ t ~ ' C~j ` ~ 'Fresi3ent - s`-:.~ Addrees : 319 i7. U. S. Hi~hv;av ~ 1 -")(1i_,' ~ort ~ferce, Fl~r~.da 334~~ r xw+ 9s: - trrr, rsc er rufi ~QQ~ VJc ~ - ;w~ - - . ~r ;