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HomeMy WebLinkAbout0746 ~rERMANCN~I MORTGAGE NOTE princi~a~ pmounc: $5.000.00 Date ot Note: Septe~ber 20, 1974 Mac„rity ~c~: Five Yeara _ . Interesi Rate: lO a Amortisation Period: From the da?Y hereof to the Maturity Date. Inatalment Paytnent: ~1~6 . Z4 flrat Instatment Payment Date: NOVQmbe= 1~ 1974 . ~ ~ FOB VALUE ItECEIVED. the underaigned and if more t1?an one, jointly and severally (the Malcer). does hereby eovenant and promise to PaY to the order ~i Sun Bank oi Sk Lucie County or to its successors or assigna (collectively the Payee)~ at its principal of~ce at 111 Orange Ave.. Fort Pierce. Fla. or at such other place as the Payee may designate to the Malcer in writing from time to time~ in legal tender oi the United States~ the Principal Amount together with interest at the Interest Rate on the unpaid balsnce of the Principal Amoun~ The suma due and owinK hereunder ahall be paYable during tl~e Amortization Period in equal monthly instalmenta. each in the amouAt of the Instalment Payment. We tirst suc6 Inatalment Payment to be made on We First Inatalment Payment Date and subeequent Instalment Payments on the firat daY of each month therestter until the Maturity Date whereupon the entire unpaid balanre o( priqcipal and intereat accrued eand f n~id~there ~~~~~'°~nceeat the In- . able: each snch inatalment when paid shall be appiied first to the paym t terest Rate and the remainder thereot to payment on account of prineipal: If any Inatalment Payment shall not be paid when due. then the entire principal sum aad accrued interest here- under ahaU become due and payable at onoe or thereafter, at the option ot the holder ot this Note. The PaYee maY. at ita option. collect a late charge not to e:ceed two cents for each one dollar, of each Instalment Payment not paid when due to reienburse the Payee for e:penses ot eerncin8 delinquent Instalanent Paymenta. Failure to ezerciae these options shall not conatitute a waiver of the right to e:erciae the same in the event of any su6sequent defaul~ : ~ It is further agreed that the Malcer and each endoraer, surety. guarantor. jointly and eeverally, ahall pay all coets of collection o[ this Note. including a reasonable attomey e fee. on failure to pay any Instalment Payment or any accrued interest due hereunder on the due date thereot- T!?is Note and all aums due hereunder shall bear interest at the highest tawful rate of interest per anaum in the State oE Florida fmm the date when the Princ~Pa~ ~a a~~~ ~terest under this Note ahall be due and payable. The total interest payable hereunder shall not in any one year e:ceed the hiBhest lawful rate of intereat in the State of Ftorida. Thia Note is eecured by a Mortgage. dated the date hereof. of property aituated in the State of Florida. ~ ~ i The Maker agrees that it ahall be bound by any agreement e:tending the time or modifyinB the above tern~s of ~ ~ payment, made by the Payee and the owner or mvnera of the propertY affected by said Mortgage. whether with or with- ~ ont notioe to the Maker, and the Maker shall continue liable to pay the amo~nt due hereunder, but with interest at a ~ ~ rate no greater than the Intereat Rate. acrordine to tbe terms of anY such agreement of e:tenaion or modification. ~ 3 i The unpaid balance 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 balance ahall or may become due and payable under the terms ~ of said Mortgage. i • This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- ~ t forcement of any waiver, change. madification or discharge is soughk s ~ s All parties to this Note, whether Maker. Principal. surety. guarantor or endorser, hereby waive pre9entment for ~ payment, demand, pmtest, notice of pmtest, and notice ot diahonor. and e:presslY agree lointly and aeverally to remain and continue bound tor the payment of the principal and interest provided for by the terms o[ this Note, notwithstanding any e:tension or e:tensions oi the time of, or for the payment of said 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 provided for in this Note, or any change or changes by way of release or surrender or sub~titution of any real pmpetrty and coilateral. or either. held as security for this Note, and vraive all and every kind ot notice ot such e:tenaion or e:tensions, change or changes, and agree that tbe same may be made without the joinder of the Maker. ~ i ~ ~ ~ ' - :!~ria Beke s/ ~ ~ ~ ~ ~ :.aszlo ~ske s/ ~ Andr~K L. ?eke s / - BDtNI ~ ~f - rc~r szs - ~rrrnr~c er ~us , - - ,Y..~f' `a^.'1 t.a y'v ~ " - - V ~ -..,d'y.~~,*~n~~.s~3- ~~S -.y-~,~~~~ ~ ~ ._n - +`1b . _ .