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Home My WebLink About1725 ICOMiTRUCTIOM ANO ~[RMANLN?? , MORTGAGE NOTE . Amounc ot tl,s Note: ~18.000. 00 Daee oi Nute: October 3, 1974 Maturity Date: ~t~emb~= 1, 1989 Interest Rate: Intere~t Period: From ths date hsreot throud!? Mit11l~tr Amorti:ation Pariod: Fina~ ths day atter tbe Interest Period to the Maturity Date. ? Tn°~lment p'~'°~'t: ~t8T. 9T ~ Firat Inetalmeat Paynnent Date: ~~tlMl~ I~ t~~~ ~ . . . ~ # FOB VALUT RECSIVED~ the ut~denigned and i! more tban one, jointly and aeveraU~ (!he Maker), does hereby covenant snd promisa to p~y to the order oi 3un Bsnk oi St. LueIe CountY or to i4 suceeasors or asaigaa (collectirely the Payee). st its principal offite at 111 Orange Avenne, Fort Pierce. Fl~. or at auch other pLee aa the Payee may designate to tbe Msker in wriW~g irom time to time, in leg~?l tender of the United Statea, the Amount .ot the Note or w mueh thereof as maq be advance~ (the PrinciP~l ~?mouat) by the. Psyee purawnt to a conativction loan sgreement os loan commituaenk bet~veen the l~sslcer st~d the Psyee. togeWer with intereat st the Intereat Rste on the nnpsid bslance oi the Principal Amounk - Duriaa tbe Iatereat Petiod intereat from the date ot each advance. at the Intereat Rate. ahall be payabie monthly on ~ the Cust day of tbe month tollowins the month in whirh tbe first advance ia made and on the Cust day ot each month ' tbere~fter. durir~ t6e Amortixation Period.eqnal montl~ly instalments. each in the amwint o[ the Instalinent Paymen~ the Cust snch Instalment PaymeAt to bs made on the First Instalment Paymeat Date and subsequent Instalment Pay- ments on t!~ tiret day o[ each month tbereatter unW the Maturity I?ate whereupon the entire unpaid balance ot ptincipal a~ intereat accnud and unpaid thereon ~hall becorns due snd payable: eacb such iastalmenf when paid shall be applied fiist to the payment of intereat oa the nqpaid balance at tbe Interest Rate and the remainder thereot to payment on aocaunt ot principal. . If interest or any Imtalment Payment ahall not be paid when due, tben the entire principal aum and accrned intereat hereunder shall become due and payable at once or thereaiter. at the option of We hoWer of thia Note. The Payee may, at its opti~. rnllect a late charge aot to ~soeed two oenta for each one dollar of each Inatalmeut Payment not paid whea due to reimburse the Payee tor ezpensea of servicine delinquent Instalment Paymenta. Failure to e:erciee theae options shall no~ oonstitute a waiver oi the right to e:emiae the same in the c'vent of any subsequent default. . i It ia turther agreed that the Maker and each endoreer. eurety, gusrantor. jointly and severaUy. ahall gay aU coats of ~ collection of this Note. -including a reasonable attorney's fee, on failure to pay any Instalment Payment or any accrued interest due her~wnder on the due date U~ereof. Tf»s Note and all aume due 6ereunder ahall bear interest at the higheat lawful rate of intcnat per ennum in tM State of Florida tmm the date when the principal and accrued intereat under ~ this Note ahall be due and pnyable. The total interest payaWe hereunder ahall not in any one year esceed the highest - ~ lawful rate ot intereat in the State of Florida. I f ~ i 'Tius Note is secured by a Mortgaae. dated the date hereof. of property aituated in the State of Florida. . ~ s ~ The Maker agreee tbat it ahall be bound by any agreement e:teading ihe time or modifying the above terins of pay- ~ ment, made by the Payee and the owner or ownera ot tbe pmperty affected by aaid Mortgege, whether with or without ti notice to the Maker, and the Maker ahail continue liable to pay the amount due hereunder, but with interest at a rate ~ no greater than the Intereat Rate. aocording to terma oi any auch asreement of e:tenaion or modiCx~tion. ~ ~ The unpaid balancr of tbe Psincipal Amount, plas accrued interest ahall become due and peyable at the option of the Payee-under the happening of an event by which aaid balance ahal! or may bec~ome due and' payabte under tbe teraLa of said Mortgage. _ . 1 This Note may not be chan~ed orally. but only by an agreement in writing, signed by the party aBainst whom en- - forcement of any waiver. change, modificetion or diacharge is soughl. All parties to this Note. whether Maker, ptincipal, surety, guarantor or endorser. hereby waive preeentment for payment, demand. proteat, notioe oE protest, and notice ot dishonor, and ezpreffily agree jointly and aeverally to remain and continue bound for t6e payment of the principal and intec~est provided tor by the terms ot this Note, notwithstanding any e:tension or eztensions ot tbe time o(. or [or the payment of aaid principa! or inte~rest, or any change or changea in the amount or amounts agreed to be paid under or by virtue of t6e obligation to pay provided [or in this Note, or ~a any change or changea by way of releaae or aurrendes or substitution of any real property and copateral, or either, held ~ aa security tor thia Note, and waive all and every kind of notice of auch e:tension or e:tensions, change or changes, and ~ agree that the same may be made without the joinder ot the Maker. _ ~ ~~~1~~ Ot ~ra~~~ O~ a~S ` ~ Ot ~ ~t ~ t~r 1/ ; ~ ~sa~a~ ~dtirot D~oal~;T• < / s/ Richa rd K. 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