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HomeMy WebLinkAbout1266 ~ ~r[RMANCN~1 . A MORTGAGE NOTE ~ Principal Amount: f a0 ~ 000. 00 Date of Note: ~p~t ZS ~ 19?i Maturity Date: ~a Yes~ Interest Rate: ~~s Amortisetion Period: ~om the daM hereot to the Matucity Date. Instalment Payment: ~ 000.00 Qlds 1~1t~~c~at sypa,Yabl~ y~ar1Y b~Qio~?~ gtpt,q~s Z3, 1975 Fizst Instalment Payment Date: ~p~ ZS ~ 197~5 FOR VALUE RECEIVED. tbe underaigned and if more than one. jointly and aeveraUy (the Makes). does hereby covenant and pmmiee to paY to the order oi Sun Bank oi SL Lueie County or to its aucceaaora or asaigns (coUectively the peyee)~ et ita principal o~ce at 111 Orange Ave.. Fort Pierce, Fls. or at such other plaee as tl~e Psyee may designste to the Maker in writing from timc to time. in legal tender o! the United States, tbe Principsl Amount toget2~er with intereat st the Interest Rste on the unpaid balsnee of the Psincipsl Amount~ 'The suma due and owinlc hereunder ahall be paYable durinB the Amortuation Period in equal monthly instalmenM. each in the aa~ount of the Instala~ent Payment, the firat such Instalment Payment to be made on the First Instalment Payment Date and subeequent Instalment Paymenta on tbe tirs! day of e~ch month tbereafter until tbe Maturity Date whereupon tbe entire unpaid balance of priacip~l and interest accrued and unpaid thereon shall become due and pey able; each auch instalment when paid ahall be applied Crst to the p~yment ot interest on the unpaid belance at the In- tereat Rate and the rsmainder thereof to payment on account of principal. If any Inatalment Payment shall not be paid when due, then t6e entine P~p~ s~ ~~~t here' under shall become due and paysble at onoe or Weseatter, at the option of the holder of thie Note. Tbe Payee may, at ita option, oollect a Iate charge not to euoeed two oents tor each oae dollar of esch Instaiment Payment not paid whea _ due to reimburee the Payee tor e:penses ot servic~n6 delinquent In+~talment Payments. Failure to ezercise theee options shall not conatitute a waiver of the right to e:ercise the se~ne in tne event of any subsequent defaul~ It is further agreed that the Maker aad each endorser. wrety. ~uarantor. jointly and severallY. s6a11 P~eY all costs ot collection of this Note. i~luding a trasonable attoraey'a fee. on failure to pay any Inatalment Payment or sny accrued intereat due hereunder on the due date. theneof. 'ILis Note and all wms due bereunder ehall bear interest at the higheet lawful sate of intereet per annum in tbe State of Florida from the date wben the principal and aocrued interest under this Note ahall be due and payable. Tf~e total iatereet payable hereunder shall not in any one ye~r e:ceed tLe highest lawful rate of intereat in the $tate oE Florida. Thia Note ia secured by a Mortgage. dated We date hereof, of pmperty situated in the 3tate of Florida. j The Maker agrees that it a6a11 be bound by any agreement eztending tbe time or modifyinB the a1w'++e teraie of ; payment. made by the Payee and the owner or owneia of the property affecte~ by said Mortgage, whether with or with- I out notice to tbe Maker. and the Maker ahall continue liable to pay tbe amount due hereunder. but with intereat at a ~ rate no greater than the Intereat Rate, according to the terms of any such agreement of eztension or modiCuation. i . ~ The unpaid balance of the Principal Amount, plus aoctued intereat shaU become due and payable at tbe option ot ~ - the Payee under the happening of an event by which said balance ahaU or may beeome due and payable uader the terma of eaid Mortgage. Thia Note may not be changed orally, but only by an agreement in writing. sigzred by the RartY aBainst w}wm en- forcement of any waiver, change, modi~cation or diacharge ia eought Ali parties to thia Note. whetber Maker, principal, avrety. guarantor or endoraer. hereby waive presentment for payment, demand, protest, notice of proteat, and notice of diahonor, and ezpressiy aBree joindy and aeverally to remain and continue bound for the paytnent of t6e principal and inter~st provided for by the terms of this Note, notwithstandin8 any ertenaion or e:tenaions of the time oi. or for the payment of said principal or interest, or any c6ange or changea in the amount or amounts agreed to be paid under or by virtue oE the obligation to pay pmvided for in this Note, or any change or changes by way of releaee or surrender or s~betitution of any real property and co~late*a1. or eit6er. 6eld as _ security for t6is Note, and v?aive all and every Icind of notice of suc6 eztension or e:tension+. change or changea, and agree t6at the eame may be made withaut the joinder of t6e Maker. 8='OQka~~tb ROad ¢ Fort piero~. ~lorida 33450 r4 z~ ~ /s/ Georqe E. Guettler ~ /s/ Jean Dolores Guettler' ~ ~ F R 1 go~2~3~ ~i266 _ ~~r~ ~ _ ¢ _ - - _ . - _ ~ ~ ; i - _ ~ ~_~:,~.z_._ _ _.~,4