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HomeMy WebLinkAbout1728 i?ERY~NLN~1 ; MORTGAGE NOTE i~inciprt Amow~c: ~j.000.00 Qaee ot tvote: ~ 8~Pt~b~s 3, 1974 Maturity Date: Y~~~ e Interest Rate: 10~ ~ Y pmortization Period: From the day hereot to the Maturity Datc. - i i i Instalment Payment: 5~6. Ql ; ~rat It~atalment Paya~ent Date: l, Yg74 FOR ~i.~?LUE RECEIVED. the undersigned and if more than one. jointly and severally (the Maker). dces hereby covenant and pmmise to paY to the order of Sun Bank of St. Lucie County or to its suecessors or assigns (eoUectively the Payee)~ at its prir~cipal off'sce at 111 Orange Ave., Fort Pierce. Fla. or at such other plaee as the Payee msy designate to the ~aker in writing from time to time, ~in legal tender oi the United States. the Principa~ Amount t~+g~tber with interest at the Interest Rate on the unpaid balanee of the Principai Amount The seuas due and owinR hereunder shall be paYaWe during tl~e Amortization Period in equal monthly instalinents. - ~ each in the amount of We Inatatment Payment. the tirst such Instalment Paymenl to be made on the First I~talment Payment Date and subsequent Instalment Paymeats on the tirat daY of each month ttieteatter until the Maturity Date whereupon We entire unpaia balance of priitcipal and interest accn~ed and unpaid thereon shall become due and pay- abie; each such instalment when paid sball be applied first to the payment o[ interest on the unpaid balance at the In- terest Rate and the remainder thereot to payment on account of principaL If any Instalment Payment shall not be paid when due, then the entire princiPal s~n and ~n~e~ ~~~t under sha11 become due and payable at once or thereafter, at the option of the 1wlder of this Note_ 'I'!~ PaYee maY. at $ its option, rnllect a late charge not to exceed two cents [or each one dollar of e~ch Instalment Payment not paid when ~ due to reiinburse the Payee for ezpenses of aervicin8 delin9uent Instalment Payments. Failure to exercise theae options ~ ahall not constitute a waiver of the tight to e:ercise the same in the ev~nt of any aubeeqnent default ~ It is further agreed that the Maker and each endorser. aurety. Buarantor. joinUy and severally. aha11 PaY all costs of ~ collection of this Note. including a reaaonable attorney's fee. on tailure to pay any Instalment Payment or any aecmed ~ intere.st due hereunder on the due date thereof_ 'I~is Note and all auma due l~ereunder shall bear interest at t6e highest lawful rate of interest per annum in the State of Florida from the date w1~en t6e Princi~al a~?d accrued interest under i this Note ahall be due and payable. The total interest payable hereunder shall not in any one year exceed the hiEhest ` lawfui rate of interest in the State of Florida. ' i ~ j This Note is secured by a MortBaSe, dat,ed the date hereof. of property situated in the State of Florida. ~ The Maker agrees that it shali be bound by any agreemei?t e:tending the time or modifying the above terms of ~ f ~ paymen~ made by the Payee and the owner or owners of the property affected by said Mortgage. whether with or with- ~ out notice to the Maker, and the Maker shall continue liable to pay the amount due hereunder. but with intereat at a ± rate no greater than the Interest Rste. according to the tern~s of any such agreement of e:tension or modification. fi s The unpaid baiance of the Principal Amount, P1as acctued in~e~at shall become due and payable at the option oE the Payee under the happening of an event by which said balance ahatl or may beco~ due and PaYable under the terms of said Mortg~age. T6i.s Note may not be cnanged ota:ly. but unly by an agreement in writing. aigned by the party against whom en- forcement of any waiver, change. modiGcation or discharKe is sought All parties to this Note, whether Maker. principal, aurety, guarantor or endocaer. hereby waive presentment [or payment, demand. Protest. natice ot protest, and notice of dishonor. and e:presaly agree jointly and severally to remain and continue bound for the payment of the principal and interest provided [or by We terms of thia Note. notwithatandinB ~ any eztension or eztensions of the time ot, 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 ot the obligation to pay pro~+ided for in this Note. or any change or changes by way of release or surrender or substitution oi any real property and collatetal. or eitber. held as security for this Note, ar.d vraive all and every kind of notice of such e:tension or e:tensiona, change or changes, and agree that the samL may be made without the joinder of the Maker. ~ddross: 200i ~wnu~ Q Port Piervs, Floriia 13150 /s/ Charlie B: Matthews /s/ Ethel Mae Matthews s ; s ~ ~ _ ~ 0 R ~ ~116f ' ~00lt j rt~r aS! - PRtrrts. ~!~a~ ~~A..~. : - - ~ ~ _ .