HomeMy WebLinkAbout0842 ~CONliplKT10N AND ~~RYANCNtI
- MORTGAGE NCyTE
Amount ot ths Note: Date ot Note: ~u~~t 21. 1974
$i2,000.00 -
Maturity Dat~?: l~ltt~en Ysars
Intarest Rate: 9 •
tnterest P~eriod: F~om tbe deu 1~enof t~ro~b Jalluary 1, 1990
Amorti:ation Period: From the day after the Interest ~esiod to the Maturity Date.
_L?stz:ment Pa~ya~eAt: $121.72
~c t~w~ent ~nc nac~: Januas~ 1, 1975
FOB VALUE RSCEIVED. the underai8~ned and ii more tban one. 3o~Uy aad severally (the 1[aker?, does hereby
rnvenant and promise to paY to the order oi Sun Bank oi S't. Lueie County oi to its suotessora or assiSns (eoUeetivel~ the
Pay~ee). at its pripe.igsl o~ce at ili Oranae Avenue. Fort Pieree. Fls. or at s~ch othear plaee as the PuYee maY d~i6aate .
to the Maku in writin8 irom time to time. in leg~l tender oi the United States. the Amoant oi the Note or sa mueb
thereoi as may be advencai (the Priutipal Amount) bY the PaYee purswat to a eonstruction loan agreemeat or loan
commitment, bet~veen the Haker and the Payee. toBether with interest at the Inter~st 8ate on the unpsid bslanoe oi the
-Priacipai Amoant
Dutin~ t6e Interest Period interest from the date of eac6 advancs, at the Intereat Rate. shaU be paYable montWy Qa
the Cu~st day_c+f the awath followins the moath ia which tbe Cust advance is made and on ths fint day of each month
thereafter: durin6 tbe Amortisation Period equal montWy inatalments. eacb in the amount c?f the Inatalment PaYm~n~, _
the Cust suc~ Iuatalment Payment to be made on the F~rst Iastalment Payment Date and su6sequent Instalment Pay.
ments on We Cud day of ~ch month thereaiter until the Maturity Dats w6ereupon We entire unp~id b~lance of principal
and interest aecn~ed and unpaid tbereon s6all become due aad paya~e: each auch instal~aent wben paid s2~aU be applied
~ret to the p~yment of interest on t6e unpaid b~la*ke at the Intered Rate and the remainder thereot to payment on
account oE principal-
If intereat or sny Instalment Payment ahall not be P~~ cvhen due. then the entire princiPal aum and accrued intereat
be~~r a~ll ~ecome due and paYable at once or thereafter. at tbe option of the holder of this Note. 'I'1~ Payee
may. at its option, col[ect a Iate charae not to ezoeed two eents tor e~ch oae dollar ot eacb Instalment Payment not p~eid
N,~ du,e to nimbutse the Payee fos ezpmses of x:vicina delinquent Inatala~ent Paymenta. Failure to exerciae theee
options shall no~ constitute a waiver of tbe right to eserciae the same in the event of any aubse4uent default
It is furiher agrced that the Maker and each endorser. aurety, guaraator. jointly a~ severallY. sha11 pay a11 coeta ot
coilection of this Note. includu?g a reasonable attomey
a fee, on failure to ~y any lnstalment Payment or any acccued
li intereet doe hereunder on tlse due date tbenoE. This Note and all aums due hereunder sball be~r interest at the hiBhest -
lawful rate of interest per annum u? tbe State of Florida fmm the date wben the principat and accn~ed interest under
thia Note aliall be due and payable. T'!~e total i:~tereat payable hereunder s1?all not in sny a~ne year ezceed the highest
lawful rate of interest in the S?ate of F'brida•
This Note ia secured bY a Mortgage, dated the date bereof. of pmperty situated in the State of Flo:ida.
The Maker agrees tbat it shall be bound by any a6raement e:tending the time or madiiyin8 the above terms of pay-
ment, made bY the Payee and the owner or ownera of the ProQertY af[ected bY aaid Mortgaae, whether with or without
notice to tt.e Maker, a~ tl~e Maker ahall continue liable to pay We amonr.t due ~e*eunder. b"t with i'"terest at a rate -
no greater than the Interest Rate, aocording to terme of any auch a~ree~en~of e:teasi~ or modi6ca6on.
~ tbe princ~p~I Amoun~ plus accrued intereat ahall becor~e dve and paYable at tbe option of
t6e Payee -under t'~e happening of an event by which said balance ahall or may become due and' PaYab~e under the
terms of aaid Mortaage. -
This Note may not be changed orally. but only by an agreement in wr?ting, siened bY tbe Pa*~Y ~~t whom en-
forcement of any waiver. chanBe. modif~icauon or di~char8e is soughL
All parties io this I~iote. whelher Maker. principal, aurety, guarantor or endoraer, hereby waive pre~entinent for
paymen~ demand. pmteat, notiee of pmteat, and notice of dishonor. and e:presaly agree joiady and s~werallY to rema~n
and rnntinue bouzvl tor the payment of tbe principal and interest provided [or hy the terms ot this Note, notwithstardin6
any e:tension ot eztenaio~ o[ th¢ time of, or for the payment o[ said princip~i or interest. or any change or chan8es
in the amount or amounts ~greed to be paid under or by Yirtue of the obligation to pay pmvided (or in thia Note, or
any change or changea by way of relrase or surrender or- was!itution of any real properiY and collaterel. or either, heW
aa serurity for thia Note, and waive all and every k~nd_dE ~o~ce.-o[ such e:tension or e:tensions. chan3e or changea, and
agree that the same may be made without the loinder of ~t6e ;Iy~ker.
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~ , ' S , - ~ Fort pierce, Fla. 33450
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