HomeMy WebLinkAbout1043 ~?CAMAN[NTI
MORTGAGE NOTE :
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$20, 000. 00 na~ ot rtoc~: ~p~r ~ 197t ~
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Msturity Date: F1~tee=1 YOa1's :
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Intereet Rate: 9/ ~
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Amortization Period: ~'rom the daY hereot b the Matusity Date. ~
Iastalment Pay~nent: ~ZOZ • $s ~
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fl~c ~~t~c psy,n~c n~u: ~o~r 1, 197~
FOR YALUE RECEIVED. the undersigned and if mure than one. jointly and severally (the Maker). does hereby
ro~~t ~ promi~ to pay to the order of Sun Bank of S~ Lucie County or to ita suecessora or aasigns (collectively the
payee). at its prineipal oifice at 111 Orange Ave.~ Fort Pierce~ Fis. or at such other place as the Pa3'ee msY dea~S~~e
to the Maker in v~riting fmm tiine to time, in legal tender of the United Statea, the Principal Amount togethes with
intereat at the Intereat Rate on the unpaid balance of the Principal Amount
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'IUe sums due aud owinlt hereunder ehall be P~Yable durin~ the Amortir,ation Period in e4ua1 monthly instalmenta. '
ea~b in the amount o( the Instalment Payment. the firet buch Instalment Payment to be made on the First Instalment
paymept ~ate and aubsequent Instalment PaYments on tbe titst day o[ each monW t6ereafter unW the Maturity Date
whereupon t6e entire unpaid balanoe of priR~~P~ and interest accrued and unpaid thereon shall become dua and P~y-
aWe; each auch instalment when paid ahall be applied fitst to the payment of intetest on the unpaid balance at the In-
remai~der thereo( to payment on account of principal. •
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IE any Inatalment Payment ahall not be paid when due. then tbe entire princiPnl sum a~1 a°C~~ here-
under shall become due and payable at once or thereafter. at the option of the holder of thia Note. Tbe PaYee maY. a~
ita option. collect a late charge not to e:oeed two cents for each one dollar of each Instalmeat Payment not paid when
due to reimburse the PaYee for e:petisea of aervicin8 delin9uent Iastalment Paymenta- Failure to e:etrise these options
ahall not constitute a waiver of the ri8ht to e:eiciae the same in the event of any subee9uent defaul~
It is further agreed that the Maker and each endoreer. surety. guarantor. jointly ead severaAY• ahall P~Y all ~t° of
rnllection of this Note. including a reaavnable attomey's tee. on failure to pay anY Instelment Payment or any accrued
interent due bere~nder on tl~e due date tbereof. This Note and ail aums due herennder shall bear intereat at the higheat 'i
law[ul rate of interest per annum in the State of Florida fmm the date when the principal and accrued interest under
this Note shall be due and paYable. The total u?ternst payable hereunder ahall not in any one year e:ceed the hiBheat
1a~„tul rate of interest in the State of Florida.
T6ia Note is secured by a Mortgage. dated the date hereof. of property eituated in the State of Ftorida.
~ The Maker agrees that it shall be bound by any a6reement extending the time or moditYu?~ the ab°~'e terms ot
~ payment. made by the Payee and the owner or ownecs of the property affected by said Mortgage. whether with or with-
~ out notice to the Maker. and the Maker ahall rnntinue liable to pay the amount due hereunder, but with u?terest at a a
rate no greater than the Interest Rate• accordinB to the terms of any auch aereement of e:tenaion or modificatioa
~ ~~p~id ba~ance of the Principal Amount, plus accrued intereat ahall become due and payable at the option oE ;
the Payee ander the happening of an event by which said balance shal~ or may become due and paYable under the terros s
of said Mortgage.
1~ia Note may not be changed orally. but only by an agreement in writinB, si~ed bY We Party against whom en-
forcement of any waiver. chanSe. modircahon or discharBe is eou8ht
waive preeentment for
All partiea to thi9 Note. whether Maker. principal, surety. guarantor or endoraer, hereby
payment, demand, pmtest, notice of protest, and notice of dishonor. and e~reaely agree jointlY and severally to remain ~
and continue boand [or the payment ot the principal and interest pro~~ded tor by the tetms ot this Note. notwithataandin8 !
any ertenaion or e:tensions of the time of. or for the payment ot said principal or intereat, or any change or changes in
the amount or amounts agreed to be P~id under or by virtue of the obligation to pay pmvided tor in thia Note. or any
c6ange or changea by way of release or surrender or sabatitntion of any real propertY and colleteral. or either. held a+s
aecurity for this Note, and waive all and every kind of notice of such eztension or e:tensions. change or changes. and
agree th~t t6e same may be made without the joinder of the Maker.
2~ot1 Sontb Ocau~ Drive
~ Fort Pierc:~, Florida 33450
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/s/ Robert L. Rodman ~
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~ /s/ Gale Jacoby Rodman
800K ~.J(r PAGE
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