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Home My WebLink About1270 ICONiTAYtT10N ANO ?~ANAN~NTI MORTGAGE NOTE 1 . - + ~ Amount oJ ths Note: $7 ~ SOO. OO ~ Uete ot Noce: ~ Maturity Date: 'lyA YA~t~ - ~ t Intere~t Rate: 9 i e 3 L?cere.t Pe~ioa: From w. asa hs~+ot t6rou~ 8ipta~bsr 1. 198~ ; IRmortisatio~n Period: Frorn the dsy atter tlrs Iatee~est Period to tM Maturity Dat~. . Instalnoent Paym~rt: $ 9 S• ~ j _ ~ ; , Fir.c tnswmsnt Payaieat Date: Septe~obet 1, 197~ FOB VALUS BSCEIVED. th~ ~nde~signed and if more than oae. 3ointly and ~aven117 (ths l[sker)~ does h~reby ; eovenant and promise to paY to tba ordear oi Sun $anl~ of 3t. Lucie Connt3? or to iL auoc~on or sssigna (eolleetlvelj tlie ; Payee), st ita psincipil uffice at 111 Oranse Aveane. For! Pixrce, FL. or at such other place as tbe Psyee ma7 desiEm?te j to the Maker in wrlting irom time ta tizne. in legal tender oi the United Statea, the Amount oi the Note o: so mueb thereof as msy be advsnced (the PriuciPsl /lmount) DY the Puyee Pursuant to s oonstruction loan sgreea4ent or loan ~ commitmenk bet~vew the D~aker snd the PaY~ with interest st ti~e Interest Rste on the unpaid balance oi the ' Psincipnl AmounL : Durin~ ths Interest Period intere~t ira~n tbe date ot e~ch edvance. at tbe Interest Rate. a6a11 be payable moAtlily on . the ruat aaY ot tbe month fouawins the moatb in which tbe first aavance is maae and on et~e t'ust aay ot each month tl~er~fter: durin6 tbe Amortisatioaa Period equal month~y iastalmenb. eac6 ia ths amaint of t6e Instalment Paymenk ; t6e fust snc6 Indalment Paymeat to be made on t6e Fiist Instalment Payiment Date and subsequent InstaLment Pay- ~ ments on the i'ust dsy of e~ach montL thenwttes wutil the Maturitp Date whereupon the entire unpeid balance ot principal ~ and iatee+sst ~tocnied and uapaid thereoa ahail bsoome due and P~YaWe: each wch instalment wben paid shsll be appiied ~ fiist to ths payment of intera~t on tl~e unpaid bslanoe at tLe Intee~t Rate aad the remaiader thereot to payment on aooount ot principal. ~ ~ If intereat or any Inetalment Payment al~all not be p~id when due, the~? tbe entire principal sum arid accrned intereet ~ hereunder eball beoome due and paYable at onoe or thereafter. at We option of We holder of this Note. The Payee ; may. at its optiion. collect a late char6e not to- ezoeed two oents tor each one doilar of each Iastalment Payment not paid ; when dve to reimbarse tbe Payee for expeases ot servicin6 delinquent Instal~nent Paymenfa. Failure to ezercise these options ahall no~ constitute a waiver of the right to ~ercise tbe same in the event of any subsequent defaulk • It is further asreed that the Maker and each endoiaer, surety. ~varantor, icintly and severallY. ahall P~Y all casb oE ~ colloctio~ ot this Note. ind~dina a reasonable attorney's fee. on iaiture to pay any t~taimene Pay~ment or any aocrued { iaterest due hereunder on tbe due dste thereot. This Note and all sums d~u hereunder s6a11 bear intereat at the hfEl~est ~ lawful rate of interest Per annum in the 3tate of Flotida from the date when the psincipal and aocn~ed intcrest under ~ this Note alfall be due and PnYsble.- Tlre total interest PaYable hereunder ahall not in any ane y~r e:ceed the higheet ~ ~ lawful rate oE interest in the State ~ Florida. ~ ! ; i T6is Note is secured bY a 1Kort~ea~e, dated the date hereof, of propetty aituated in the State of Florida. ~ ~ Tbe Meker agrees that it atiaU be bound bY anY eBreement e:tendin8 the tiaie or modifyin6 the above tern~s of pay- f ~ ment. made by the Payee and the owner or owners of the proPertY affecfe~l b3? said Mortga6e, whether with or withoat ; notiee W tbe Maker, and the Maker ebaU continne liable to pey the amonnE due beteunder, but with interest at a rate ; no greater than the Interest Rate, according to ternos of any such agreement o# eztension ar modif'ication ~ z The unpaid balenca ot tUe Ptincipal Amount, Plne aoctued intereaE shall become due and payable at the option of ~ tbe Payee-under the happening oE an event by which esid balance shall or may become due and' payable under tbe ~ terma of said Mortgage. ~ 'This Note may not be c}~anBed oraUy. bat only by an agreement in writin8. si~ed bY t1~e PadY against whom en- ~ forcement of eny vraiver. change, modification or diecharge is soughk ~ ~ ~ All parties to this Note. whether Maker, principal, surety. guarantor or endorser, bereby waive presentment !or ~ payment, demand. protest, notice of protest. ard notice of dishonor. and ezpteasly agree jaintty and severally to remaie t and continue bonad tor the payment o( the principal and interest provided for by the terms o[ this Note. notwithstandinB any e:tension or e:tenaions of the time of. or for the payment of eaid principal or intereat, or any change or chan6es in the smount or amounts agrEed to be paid under or by virtue of the obligation to pey provided for in this Note. or any change ar chan6ea by way oE release or wrrender or sabstitution of any real pmperty a~ rnllaterel, or either. heW as aecurity tor this Note. and waive sU and every kind of notice ot such e:tension or e:tensions, change or changea, end ~ agree that the aame mey be made wit6out the joinder ot the Maker. ~ ~ - ~ ~ Addresa: ~ ~r 2510 Rhode Zsland Avenue = Fort Pier~e, Florida 33450 ; dOWt ~ PA6E~~ . ~R~n.~ 8~~~ ~24`l'~ y~ `~x~=~` f _ ~ ~h-,~" F"- ~ j~~~ , a _ -.rs ~ ~'3 . _ _ . ,~c.~,. _ . _ ~ . -.:'9 _ ~-.s ' ~~.s~~T _