HomeMy WebLinkAbout1329 ~?(1{Y~NCNTI
MORTGAGE NOTE
Principal Amount: $4 i 150. 00 Date of Note: At1CJlldt 29 i 1974
Maturity Date: Tefl Years :
Interest Rate: 9;j
Amortization Period: From the day fiereot to the Maturity Date.
Instatment Payment: s53.? j ~
First jnstalment Payment Date: ~tObgr 5~ 1974
FOR VALUE RECEIVED. the undetsigned and if more than o~e. jointiy and se~erally (the ~iaker). does hereby
co~enunt and promise to pay to the order of Sun Bank of S~ Lucie County or to its successors or assigns (collectively the
• Payee). at its principal office at 111 Orange A~e., Fort Pierce. Fla. or at. such other place s~s the Payee may designate
to the Jdaker in v?~riting from time to time. in legal tendet of the United States, the Principal amount together W~th
interest at the Interest Rate on the unpaid balance of the Principal Amoun~
The sums due and owinR hereunder s1u?It be payable duru~g the Amortization Period in equal monthly instalmenta,
each in the amount of the Instalment Payment, the tirst such Instalment Payment to br made on the First Instalment ;
Payment Date and subaequent Instalment Payments on the tirat day oi each month thereafter until the Maturity Date ;
whereupon the entire unpaid balance of priqcipal and interest accrued and unpaid thereon shall become due and pay- j
able; each such instalment w6en paid shall be applied Grst to the payment of interest on the unpaid balance at the In-
terest Rate and the rnmainder thereot to payment on account ot principal. - ;
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If any Instalment Payment shall not be paid when due, then the entire principal sum and acrrued interest here-
undrr shall become due and payable at once or thereatter, at the option of the holder of this Note. The Payee may, at
its option, collect a late charge not to e:ceed two cents tor each one dol:ar of each Instalment Payment not paid when
due to reimbutse the Payee for expen3es of servicin8 delinquent Instalment Payments. Failure to e:etrise these options
shall not constitute a waiver of the right to exerrise the same in the event of any subsequent default.
It is further ssgreed that the Maker and each endorser, surety, guarantor. jointly and aeveraliy, shall pay all coats of
collection of this Note, inc[uding a reasonable uttorney's fee. an failure to pay any Instalment Payment or any acerued
intetest due hereunder on the due date thereof. This Note and all sums due hereunder shaU bear interest at the highest }
lawful rate o[ intetest per annum in the State of Florida from the date when the principal and acrrued interest under _
this Note shall be due and payable. The total interest payable hereunder shall not in any one year e:ceed the hiBhest -
law[ul rate of interest in the State of Florida.
This Note is secured by a Mortgage; dated the date hereof. of propecty situated in the State of Florida.
Tt~e Maker agrees that it shall be bound by any agreement extending the time or modifying the above ternLS of
payment, made by the Payee and the owner or owners of the pmperty affected by said Mortgage, whether with or xzth-
out notice to the Maker, and the Maker shall continue liat?le to pay the amount due hereunder, but with interest at a
rate no greater than the Interest Rate, aecording to the terms of any such agreemenl of extension or modiCcation.
The unpa~d balanee of the Principal Amount, plus accrued interest shall become due and payable at the option of
the Payee under the happening of an event by which said halance shall or may be~~ome due and payable under the terms
of said Mortgage_ ~
1'his Note may not be changed oraily, but only by an agreement in writing, siqned by 1he pariy against whom en-
forcement of any waiver, change, modi~cation or discharge is sought.
Ali parties to this Note, whether Maker, principal, surety, guarantor or endotser, hPreby waive presentment for
payment, demand, protest, notice of pmtest, and notice of dishonor, and expressly agree jointly and severally to remain
and continue bound tor the payment of the principal and interest pmvided for by the terms of this Note, notwithstanding
any e=tension or e:tensions of the time ot, or for the payment of said principal or interest, or any cl~ange 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 surrnnder or substitution of any real property and collateral, or either, held as
security tor this Note, and K-aive all and every kind ot notice of such e:tencion or e:tensions, change ar cl~anges, and
agree that the same may be made v?~ithout the joinder of the Maker.
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58A3 Oleander Avenue
Fort Pierce. Florida 33450
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