HomeMy WebLinkAbout0218 1rtAMANLNf1 ~
' _ MORTGAGE NOTE
~
or rroc~: sept~b~r l~, 1974
. azo,aoo.oo
M~t~:tr n~c~: tift~en T~ars
Interest Rate: 9~~ ~ ~
~
Amortisation Period: I~`mm t1~e daY hereot to the Maturity Date.
I~talment Payment: sZO8.85
~rst Instalment Payment Date: Qptp~s' Z 197 4
FOR ~VALUE RECEIVED. the undersigned and if more than ane. jointly and severally (the Maicer). doea hereby
eovenant and pmmiae to PaY to the order of Sun Bank oi St~ Lucie County or to ifs succesaors or assigns (collectively the
Payee)~ at its principat oi~ce at 111 Orange Ave.. Fort Pierce~ Fla. or at auch other place aa the Payee maY designate
to the Maker in writing imm time to tin?e, in legal tender of the United States~ the Principal Amount together with
intereat nt the Interest Rate on the unpsid balance oi the Principal AmounL
T6e sums due and owinB hereunder shall be PaYaWe durin8 the Amortizatioa Period in e9ua1 monthlY instalments,
each in the amount of We Instalment Payment, the Grat auch Instalment Payment to be made on the First Inatalment
Payment Date and subee9uent Instalment Payments on t6e Eirst day of each month thereatter until We Matu:ity Date
whereupon the entire unpaid balance ot priucipal and interest accrue~ and unpaid thereon shall become due and pay-
able; each such inatalmen! wben pnid nLall 6e. applied C~t to the PaYment of intereat on the unpaid balance at the In-
~~t remainde~ tLereo( to payment on account oi principal.
If any Instalment Payment ahall not be paid when due. then the entire prin~iP~l su~° a~'d a~~?e~ ~~~t be~'
under ahall become due and payable at once or thereafter, at the option of the holder of thia Note. Tbe PaYee maY. at
its option. collect a late charge not to ~ceed two centa tor each one dollar of e~ch Inatalment Pa3?ment not paid when
due to reimburse the PaYee for e:pea+ea of servicin8 delinQuent InataLnent Paymenta. Failure to e:erciee these optiona
shali not conatitute a waives o'f the right to exercise the aame in the eveat of any subee4uent default. ~
It ia further agreed that the Maker and each endorser, surety. Buarantor, jointly nnd severallY. a6a11 P~Y a11 costa ot
rnllecGon of this Note. including a reasonable attorney's fee. on failurE to pay any Inslalment Payment or any accrued
interest due hereunder on the due date thereof. '1'his Note and sil sums due hereunder shall beas interest at the hig}~eat
lawful rate of interest per annum in the State of Florida from the date when the principai and accrued intetest under
thia Note ahall be due and payable_ T1~e total interest payable hereunder shall not in any one Year e:ceed the highest
lawful rate of interest in the State of Florida.
'1Lis Note is eecured by a Mortgage. dated the date hereof, of property situated in the 3tate of Florida.
The Malcer agrees that it ahall be bound by any a8reement e:tending the time or modifying the abm?e terms of ~
~ payment, made by the Payee and t1~e owner or owners oi the pmperty affected by said Morigage. whether with or with-
~ out notice to the Maker, and the Maker ahall continue liable to pay the amount due hereunder, but with interest at a
~ rate no gseater than the Interest Rate, accordinB to the ~erms of any sucb aBreement of eztenaion or modification.
'I'he unpaid balance of the Principal Amount, plus accrued interest ehall become due and payable at the optioa of
the Payee under the happening of an event by which snid balanee ahall or may becou~e due and payable under the terma
of said Mortgage.
This Note may not be changed orally. but only by an agreement in writing, siB~d by. the party against whom en-
forcement of any waiver, change, modiCcation or discharge ia sought
All partiea to this Note, whether Maker. principal, aurety. guarantor or endoreer, hereby waive presentment for
payment, demand, pmteat. notice of protes~ and notice of diahonor, and ezpressly agree jointly and eeverally to remain ~
and continue bou~d tor the payment of the principal and interest pmvided for by the terma of thia Note, notwithatanding
any e:tension or ectensions of the time of. or for the payment of eaid principal or interest, or any change or changes in ~
the amount or amounta agreed to be paid under or by virtue of the obligation to pay pmvided for in t6is Note, or any
change or changea by way of release or surreit8er or substitution of any real property and collateral. or either. held as
security tor thia Note, and v~sive all and every kind o( notice of auch e:tension or eztensions, change or changes, and {
agree that t6e same may be made without the joinder of the Maker.
~F
~ Mary Jane Fbist s~
.
~
~ ~~~i (Mary Jane Scot+) s~
7001 Sonth Zndian River Drira
Port Pierc~, plori~da 33450 s~
~ Calvin C. Foist
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