HomeMy WebLinkAbout3001 ~?(RYAN~NTI
MORTGAGE NOTE -
=18.000.00 ~ No~: 8spta¦~b~s 10, 1l7~ ;
Principal Amount: '
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Maturity Date: T~ Yearsc
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wmorti:ation Periaa: ~om u~e aay 6ereot to et~e Maturity nate.
Instalment Payment: S 2 3Z . 91 _
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blrat Instalraent Payment Date• ~~~r 1~ 1974 ~
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FOR VALUE RECEIVED. the undeisigned and ii more than one. jointly aad severally (the ~aker). does 1~enbY ~
covenant and pmanise to psY to the order oi Sun Bank oi S~ Laeie County or to its succesaors or assi6ns (eolleetivd7 tl~e 3
Psyee). st its principst office at 111 Orange Ave.. Fort Pierce, I~9a. or at auch other place as the Psyee a~sy desianste }
to !he Maker in ~rriting from time to time. in legal tender oi We United States, the Priaeipal Aaaunt togcther ~vith ~
intereat at the Interest Rate on the unpaid balance oi tl~e Principal Aaaank ~
The rums due and owinR hereunder al~all be payable during the Amortizatiai Petiod in equal mw+Wly i~b. f
each in the atnount ot the Instalment Payment, the first such Instslment Payment to be made oA tbe First Ladalmeat s
Payinent Date and aubsequent Instalment Payments on the first daY of each month thereatter unW the Maturity Date ~
whereupon We entire unpaid balance of priRCipal and intetest accrued and unpaid t6ereon ahail bci.'ome due and P~7-
able; t8Cb StiClf 1115~8ImCI1~ W~~1 paid shall be applied Crst to the payment o[ interest on tbe unpaiid 6~la+~ce at the In- ~
terest Rate and the rer~ainder thereot to paymeat on account of principal. `
I an Instalment Pa nt shall not be paid when due. then the entire principal sum and accn~ed akr~t he~' ~
f y r~
under ahall become due and payable at ance or thereafter. at the option ot tbe holder of thia Not~ 'lbe "ayee ma7. at f
its option, collect a late charge not to ~ceed two cents tor each one dollar of ~ Instalrnent Paymeat not paid wrhen =
due to reimburse the Payee for e:penaes of aervicinB delin9uent Inatalmeat Pay~aents. Failure to eurcise theee uPtiaos 3
shall not conatitute a waiver of the right to e:ercise the same in tl~e event of any subsequmt default ~
It is further agreed that the Maker and eacb endorser. surety, 6uarantor. joinUy and severaUy. aha11 p~Y all costs of ~
collection of this Note, including a reseonable attomey'a fee. oa tailure to pay any Instalment Payment or any aocrued ~
interest due hereunder on the due date thereof. This Note and all aums due 6ereunder aha11 bear iuterest at tbe Lia6est ~
lawful rate of interest per annum in the State oE Florida from the date when the pri~ipal and aociued interest under =
this Note shall be due and payable. "ILe tntal interest payable hereunder shall not in any oae y~r ez~ei.d the luahest ;
lawtul rate af intEreat ui the State oE Florida.
This Note is a~ecured by a Mortgage. dated the date hereof. of PropertY aituated in the State of Florida. _
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The Maker agrees that it shall be bound by anY agreement e:tending tbe time or modifyina tbe abave te~ms oE ~
j payment. made by the Payee and the owner or ownera of the property affect~ed bq said Mortgage, ~vbetber ~ritL or w+itl~- ~
out notioe to the Maker, and the Maker ahall continue liable to pay the amount due hereunder. but with iatenst at a #
~ rate no greater than the Interest Rate, accordinl[ to the terms of any such aSreement of e:teffiion or modiC~catian. ~
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~ The unpaid balanee of the Principal Aawnnt, plus accrued intereat ahall become due and payable at the optia~ d ~
the Payee under the happening of an event by which said balanoe ahall or may beeo~me doe and p~Yable nnder tbe terms 4
of said Mortgage_ ~
This Note may not be changed orally, but only by an agreement in writing, si~ed by tbe PartY agaimt v?hom en- -
forcement of any waiver. change. modiGcation or discharBe is sought
All partiea to this Note, whether Maker. principal, surety, guarantor or endorser. hereby waiv~e presentmeat f~
payment, demand, protest, notice of protes~ and notice of diahon~r, and e:preasly agree jointly su~d severallY to rema~n
and rnntinue bound tor the payment of the principal and intereat pmvided tor by t6e terms of th'v~ Note, notwithedandin6
any e:tension or eztensions of the time oi, or for the payment ot aaid principal or interest, or any c6an6e or cban6es in
the amount or amounts agreed to be paid under or by virtue oi the obligation to pay pmvided for in this Note, or suy ~
change or changes by way of releaee or surrender or substitution o[ any resl property and collateral. or either, 6eid m ~
security !or thia Note, and v?aive a11 and every kind ot notice ot auch eztension or e:temions. cbanae or chanaes` and '
agree that the aame may be made without the joinder of the Maker.
Addreas : 1103 ~iorth 13th StrMt
Fost Pisrce. plorida 33450
/s/ Henry James Robinson
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