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Home My WebLink About0754 ' ICONlTAUCTION ANp rCRMAN[NTI MORTGAGE NOTE Amount of the Note: $6,000.00 NO~~ geptember Z4, 197~ Maturity Dats: F~V9 Y4~e . tnterest Itete: 9~~ . " Ip~c ~~a: ~om ~ a~c~ ~ot w~ Fabruary 1950 ~ ~ Amorti:atioa Period: Ftom tbe daY after the Iaterest Period to the Maturity Date. E . - i In.tatment Payn,eac: ~ ~ 5126.OZ ~ i ~ir~c t~~~„t pay~,t nuc~: Februax'y 1975 , . FOR VALUE BECTsIVED. the underai8ned and if more tlun one, 3ointly snd sevenlly (the Msker). doea hereby eovenant and gmmiae to pa?q to the ordes of 3un Bsnk of Sk Lu¢te County or to its sueceasors or asaigns (collectively the payee), at iL prjncipal office at 111 Orange Avenue. Fort Pierce. F1s. or ~t such other place as the PaYee msY desiBnste to the Maker in writing fmm time to time. in legal tender oi the United Statea, the Aawnnt oi the Note or so much Wereof as may be advanced (the Principal Amount) by the Psyee pursuant to s construction losn sgreement or losn ~~~n~, ~~v~n the ylsku and the psyee~ together with intereat at We Intereat Rate on the unpaid balance o! the principal Amount - ~ ; • ~ During the Iatereet Period interest tmm the data ~ e~ch advaace~ at the Intereat Rate. s6all be paYable mont}ily on ~ ~e first day of the month foltowina the mon~h in which the first advance ia made snd on the Crst day oi each month ~ thereafter. durina the Amortization Period equat montlily inetalmenta, each in the amount of the Instalment Payment, ~ t6e first aicb Instalment Payment to be made on tl~e Fiist Indalmeat Payment Date and subsequent Instalmeat Pay- i ments on t6e Lird day ot e~ch month tber~tter until tbe Maturih? Date whereupon the entire unpaid balance ot principal ~ ~ and interest accrued and unpaed tliereon shall become due and gaYable: each such instalment when paid ahall be applied ~ first to tbe psymeat of interest on tbe uapaid balanee at tbe Interest Rate a~xi tbe remainder thereot to payment on ~ aocount ot principat. II If interest or aay Inatalment Payaient shall not be paid when due. then We entire Princitwl sum end anrued ~n~~t hereunder ahali become due and paYable at onoe or thereaiter. at the option ut t6e holder oi this Note. The Payee may. at its option, collect a late charge aot to racaeed two eents tor each one dollar ~ each Inatalment Payment not paid auhen dne to reimburse the Payee for e:pen~es of servicins delinqnent Instalment Paymente. Failure to ezercise theee ~ optioas ahall not ca?etitute a waiver of the righf to ezercise the aame in the event oE any aubee4uent deEauli It is further aareed that the Maker and esch e~oreer,~aurety, B~~tor. jointly and severaUy. ahall pay all coste ot : collecti~ of this Note. incl~ding a reasonable attorney's fee. on tailure to pay any Instalment PaYment or any accrued intereat due bereunder on the due date thereof. Thia Note and all sume due hereunder shaU yeas interPSt at the higheat lawful rete of interest per annum in the 3tate of Florida from the date when tbe principal and accsued interest under I this Note sball be due and payable. 1'he total interest paYable hereunder shall not in any one Year exce~d the hi8~st ~ lawful rate oE interest in the State of Florida. ~ T6is Note ia eecured by a Mortgage, dated the date hereof. ot P~Pe~Y situated in the Sfate of Florida. ~ The Maker asreee that it ahail be bound bY snY agreement e:tendinB the time or modifyina the above terrm ot pay ~ ment. made by the Payee and the owner or owners ot the property affected bY said Mortgaae. whether with or without ~ notice to the Maker, and the Maker aheU rnntinue liable to paq the amount due hereunder. but with interest at a rate no greater than the Interest Rate. aocordi~?g to terms of any such. agr~ent af eztension or modiCuation. The unpaid balance of the Principal Amount, plua accrued interest a}~all become due and Payable at tbe option oE - the Payee -under tbe bappeuing of an event by which aaid balance ahall or may become due and ~yable under the 't terma o[ said Mortgeae. 1`his Note may not be changed orelly, but oniq by an agreement in writing, signed by the partY a8sinat whom ea- torcement of any waiver, change. modiCcebon or discharBe is aought All partiea to this Note. whethes Maker. Principal, surety. guarantor or endoreer, bereby waive presentrnent for payment, demand, pmtest, notice oE pmteat, and notice of dia6oaor, and enpreasly agree jaintly and severally to i'e'main and rnntinue bouad for tbe payment ot the principal and intet~est pmvided for by the terms o[ this Note. notwithstandinB any estension or e:tensiona of the time of, or fos the payment ot said principal or interest. or any change or chanBes in the amount or amounta agreed to be paid under or by virtue ot the obligation !o pay provided for in this Note, or any change or changes by way of releaee or aurrender or subetitution o[ any real property -end collateral. or either, held ~ as eecurity for thia Note, and waive all and every kind oE notice of such extension or e:tensiona, change or changes, and ~ agree that the aame may be made without the joinder of the Maker. ~ ~ ~ A~dC1reB8Z. ~ 1'715 32nd Avsnue ~ Vero Beaah, Florida 32960 . ~o~ 232 P~ 754 _ R.~,~ - - _ _ - ~.r~ ~ ~ ~ - Et~ ~v .r..". k,~ ~ : ,~w.~' ~.r'*'_ ~ ./e~.~'m' ~ z ss _ Y ~ ~ ~