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HomeMy WebLinkAbout2591 ~ _ 1 E ~?E~rwNEnr~ " a i _ i ~ ~ ~ MORTGAGE NOTE ~ ~ s lZ. 19Tt # Pr;ncipa! w~ewunc: iS.000.00 Date ot tvote: S~pt~lib~ } ~ Maturity Date: ~ . ~ Interest Rate: 9~~ ~ ~ Amortization Period: ~om the da~? hereot to the Maturity Data ~ Inscalment Paynnent: =93.5~ First Instalment Payment Date: ~3't'OD~= 20 • 197~ ~ verall the ~dake.r). dces herebY ~ FOB VALUE RECEIVED. the undersigned and '?t more than oae. jointly and ae Y( ~ covenant and pmmise to WY to We order of Sun Bank oi SL Lueie County or to iie suceessora or asaigns (collectively the Payee); at ita prineipat oifiee at 111 Orango Ave.. Fort Pierce. F1a- or at sueh other place as the PaYee msY desi8~~ to ihe Naker in writing irom time to time. in legal tendar of the Uaited States, the Principal Amount togethes ~ith intereat at the Interest Rate on t~e unpaid balance oi the Prineipal Amounk The auma due and owinR hereunder shall be P~Y~e durinE ~ Amorti:ation Period in equal monthly instalments. each in the amount ot the Instalment Payment, the [irda ~ch I nt Payment to be made on the Firat I~talment y of each moath thereatter until tLe Matarity Date Payment Date and aubeequent Instalment Payments on thej0 d thereon st~aU become due and pay- whereupon tLe entire unpaid balanee ot priRcipal and intered accrued and w?pai aWe; each such instalment when p~aid aball be applied Crst to tbe pa3?meat of intereat on tbe unpaid ba18?nce at the In- terest Rate and the reu~ainder tLereof to payn!ent on accouat of principal- If any Instalment Payrpent ahall not be paid when dae. then the eatire principal sum and acctued intereat here- ~ under ahall become due and paYable at once or tbereafter. at the option of the holder of this Note. 'Ibe Payee may. at ~ :_ta option~ collect a late charge not to ~ceed two centa for each one dollar of each Instalment PaYment not paid when due to reimburse tbe Payee for ezpet~sea of setvicina delinquent Instalment Payraents- Failure to ezerrise these optia~s S ahall not rn:~stitute a waiver of tl~e ri8ht to e:erciee ll~ aeme in the event af any sub~9uent defaulL ~ It is Eurther aareed that the Makpr and each endorser. surety. 6uarantor. jointly and severaUy, shall PaY all costs of oollection o[ thia Note, iacluding a reasonabie attorney's fee. on failure to pay any Inatalment Payment or any aecrued interest due hereunder on the due date tl~ereof. ~is Note and aU auma dae hereunder ahall ~ accrued interest under lawful rate of interest per annum in the State ot Florida from tLe date when the pri~iPal this Note ahall be due and PaYabl~ 1'he total interest p~Yable hereunder shall not in any one Y~r ezceed tbe hi6hest lawful rate of intereat in the State ot Florida. 'Thia Note is secured by a Mortgage. dated the date hereof. oE property aitaated in tl~e State of F7orida. The Maker agrees that it s6a1! be bound by snY agree~nent e=ten~°e We ti~ or modifYinB tbe abwe terms of P~Y~n~• ~ bY the Payee and the ovmer or ovvnets oi the pmperty affected by aaid Morl6sBe. wbetber with or with- oat notice to the Malcer, and the Maker shall rnntinue IiaWe to pay the amount d~e here~°der• b~~ N^~ ~~~t at s rate no greater than the Interest Rate. aecordin8 to the terms of any such a8reement of e:tension or modification. 'lbe unpaid balance of the Principal Amoan~ Plus accrued interent ahall bernme due and paYable at the option ot the Payee ander the happening of an event by which said balance shall or may beoome due and payaWe under the terms of said Mortgage. Thia Note may nut be changed oraliy, but only by an agreement in writin8. sig~?ed bY the P~rtY a8~~*?~t forcement of any waiver. change, modification or discharge is eou8hk _ All parties to this Note, whether Maker, principal, sur~ety. guarentor or eadorser. hereby waive presentmeat tor PaYmep~ demand. Protest. notioe of protest. and notice of dishonor, and e:PresslY a8ree lointly and severally to remain and continue bound for the payment of the principal a~ inte*~at Pmvided ~°r b3' the terms of this Note, notarithstandina any e:tension or e:tensions of tbe time af, or [or the payment ot said principal or interest. or any chaage or changes in the amount or amounta agreed to be paid under or by vidne of the obligation to pay provided for in thia Note, or any change or changes by way oi release or surrender or substitution of any real propertY and rnUatetal. or either. held as security for thia Note, and waive all and every kind of notice of such e:tension or eztensions, change or c6anges, and a6ree that the same may be made without the joinder oE the Maker_ _ /s/ Donald W. Booher /s/ Claudeane M. Booher soox` ~ 1 ~2~~ f-,ar az. - ftur. e~ ~,wr - ~ ~ ,d- _ _ _ _ ~ ~ .