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HomeMy WebLinkAbout0913 ~~tAMANCMTI MORTGAGE NOTE , ' - ~ principat wm«uic: 530,000.00 I~~° °t Not°: August 26, 1974 Maturity Date: '1`en Y8at9 Interest Rate: 9~! ~ Amortisation Pariod: F~ora the deY hereof to the Maturity Date. i . ; _ ~ Inscalment Payment: $368.20 ~ First Instatment Payment Date: . F'9CtQb@r 15 ~ 197 ~ FOB VALUE RECEIVED. the undersigned and if more tl?an one. jointly and severally (the Maker). doea hereby eo~enant and promise to paY to t~?e order of Sun Bank of Si. Lucie County or to its suecessora or assigns (eollectively the Psyee). at its principal affice st 111 Orange Ave.. Fort Aerce. Fla. or at such other plaee aa the Payee may designate to the Maker in v~riting fmm time to time. in legal tender of the United S:ates. the Principal Amount together w-ith intereat at the Interest Rate on the unpaid balanee of the Principal Amount The sums due and owinR hereundcr shall be payable during the Amortization Period in equal nwnthly inatalments. each in the amount of the In~talment Payment, the tirat such InstalmenE Payment to be made on t6e Firat Inatalment Payment Date and sut~sec~uent Inatalment Paymenta on the first day of each month therea[ter until the Maturity Date whereupon the entire unpaid balance of principal and intereat accrued and unpaid thereon ahall become due and pay- _ able; e~c~ auch instalment when paid ahall be applied fitst to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereof to p~yment on account of principal. If any Instalment Payment shall not be paid when due. then the enti~e Pnnc~Pal 8~ ~ a~~ ~~~t under shall become due and payable at oncp or thereaKer. at the option of the holder of this Nate. Tbe Payee maY. at its option, rnllect a late charge not to e:oeed two cent~ tor each o~ dollar of each Instalment Payment not paid whea due to reimbu~se the Peyee for e:peases of servicing delinquent Instalment Payanenta. Failure to e:ercise t}~ese options ahall not rnnstitute a waiver of the tight to e:erci.+e the sa~ue in the event of any subae~uent defauli It is further agreed that the Maker aad each endorrer. st:tety. guarantor. jointly and aeverally, ahall PaY aU coats o~ ~ collection of this Note, including a reasonable attorney's fee. on tailure to pay any Instalment Payment or any acrrued ~ interest due 6ereunder on the due date thereof_ This Note and all au~na due hereunder shall bear interest at the highest lawful rate of interest per anr.um in the State of Florida from the date when the principal and accrued intere.+t under this Note shall be due and payable. '1'he tota~ intereat payable hereunder shall not in any one yeat e:ceed the highest lawi:il rate of interest in the State of Florida. - I Thia Note is serured by a MortBage. dated the date hereof. ot property situated in the' State of Fiorida. ~ I 'Ibe Maker agrees that it shall be bound by any a8reement extending the time or modifying the above terms of ~ paymen~ made by the Payee and the owner or owners of the pmperty affected by said Mortgage. wbether with or with- ~ out notice to the Maker, and the Maker ahall continue liable to pay the amount due hereunder, out wiin infierest ~ rate no greater than the Interest Rate, accordinK to the terms of any auch agreement of extension or modification. 'I'he unpaid balanc~ of the Principal Amount, plas accrued interest shall bei.~ome due and payable at the option of the Payee under the happeninB of an event by which said bralanoe siiall or may become due and payable under the terms of said Modgage. This Note may not be changed orally, but only by an agreement in writing, siBned bY the Party against whom en- # forcement o[ any waiver. change, modification or discharge is aouB1~L _ All parties to this Note, whether Maker. principal. surety, guarantor or endorser. hereby waive presentment tor payment, demand, pmtest, notiee of protest, and notice of dis6onor, and e:pressly agree joint2y and severally to remain and continue bound for the payment of the principal and interest provided for by the terms of t6is Note. notwithstanding any e:tension or e:tensions of the time of, or for the payment of aaid principal or intec~st, or any change or changea in the amount or amounts agreed to be paid under or by enrtue of the obligation to pay provided far in thia Note. or any change ar changes by way of relea~e or surrender or sabstitution ot any real proper:y and collatera!. or either, he[d aa security [or this I~ote. and veaive all and every kind of notice of such e:tersion or e:tensions. change or changes, and agree that t6e same may be made without the joinder of the Maker_ P3L`I- K. N~QTS ~S~ Addf@8B : 809 S. 8th St7ceet Edna S. tiiF~s /s/ For~ Pierce, F~orida 33450 - > ~ 80 MI~1 P~ ; ~ . ; ~ x R7N ?!I - Prll7:~G M ~'A/t ' ' e;% - _ ~ ~y~ ,t ~y~ .~.y- x . ~ } . . i y ~ . ~~r ~ ' . ~ . ' _