HomeMy WebLinkAbout1892 ~~~RMANtNTI
MORTGAGE NOTE i
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principal Amount: ~1500.00 Date ot Note: OCtroib~Y ~i 197a i
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Macur~,? nace: !iw ]t~ar~ '
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Interest Rate: l~~ ~
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Amortisation Period: fl~om We day hereo[ to the Maturity Dste. ~
~,~~a?~c pay~nt: ; 31. 87
F;sst Instalment Paymenc nate: p~ 1971
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FOB VALUE RECEIVED. the undersigned and if more tban one~ jointly and eeverally (the Maker). does hereby ~
covenant and promise to psY to the order ot Sun Bank of SL Lueie Countq or to ita successors or assigns (collectively the '
Payee). at ita principal oKce st 111 Orange Ave.. Fort Pierce. Fls. or at such other plaee as the Psyee may designate j
to the Maku in v~riting imm time to time. in legal teader of the United States. the Principal Aanount together with
interest at t6e Interest Rate on the unpiid balance oi tl?e PrineiPai Aa°°unt
'I7~e auma due and owinR hereunder ahall be paYable darin6 tbe Aawrtir,ation Period in e9ual monthly instalments.
each in the amount ot t6e Instalment Payment, the Crst wch Instalment Payment to be made on the Firat Instalment f
Payment Date and subsequent Instalment Paymeats on the tirat day oE each month thereaiter until We Maturity Date
whereupon the entire unpaid balanee of prin~P~ and iatereat acen~ed and unpaid thenon shall become due and pay-
able; ~ch such instalment when paid ahall be applied Ciat to the payment ot interest on t6e unpaid balance at the In-
tereat Rate and the remainder thereot to payment on account ot principsl-
If any Inatalment Payment ahaU not be paid when due. thea the entin pri~iP~al sum and accrued interest here-
under ahall become due and paYable at onee or tl~ereafter, at tbe option of the lwlder of this Note. T6e Payee may. at
ita option. collect a late charge not to ~eced two oeats for each one dullar of eacL Ins~lment Payment not paid when
due to reimburse the Payee for e:penses oE xrvicine delin9~ent Lntalment Payments. Failure to e:erciee these options
ehali not conatitute a waiver of the right io e=e~+ciee the same in the event of any subse~ue~t detaul~
It is further agreed that the Maker and each endoreer, suretY, Euarai?tor. jointly and severally. ahall P~y all coets of
collection of this Note, includiag a reasoaable attorney's fee. on failure to pay any Instalment Payment or any accnied
intereat due hereunder on the due date thereot• 'I'his Note and all aums due herew~der ahall bear intereat at the hiBheat
lawful rate of interent per annum in tl~e State of Fiorida from the date when the princiP~l and a°crued inurest under
thia Note ahall be due and payable. The total interest payable hereunder shall not in any one year esceed the higl~eat
Iawful rate of interest in tbe State of Florida.
7bia Note is aecured by a Mortgage, dated the date hereof. of PmPertY situated in tbe 3tate ot Fiorida.
i The Maker agrees that it shall be bound by any a8reement e:tendinB the time or modifyinB the above terma of
j payment. made by the Payee and tl~e owaei or ownezs of the pmperty affected by said Mortgage, whetber with or with-
E out notice to the Mal~er. and the Maker ahall continue liable to Pay the a~wunt due bere~n~r, but with interest at a
rate no greater than tbe Interest Rate. accordinK to the terma ot any suc1~ aareement of e:tenaion or modification.
~ 'The uapaid balance of the Princ~pal Amount, Plua acciued interest ahall become due and P~Y~Ie at the option ot
We Payee ~nder the haPpeninB of an e~rent by which said balanee shall or may become due and payable under the terms ~
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of said Mortgage. _ ~
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This Note may not be changed orally, but only by an agreement in writin8, ai8~ed bY ~ P~rtY aB~t whom en- ~
forcement of any waiver. chanBe. modification or discharBe in swieht
All parties to thia Note. whether Maker, principal, surety, guarantor or endorser. hereby waive preaentment for i
PaYment. demand. Pmtest, notice of pmtest, and notiee of distwnor. and e:PreeelY aBree lointly a~ul severally to remain
and continue bound tor the payment of the principal aid intereet pmvided tor by the terms ot t6is Note, notwithstandin8
any e:tension or eztensions of the time of, or tor the payment ot said principal or entereat, or any change or changes in
the amount or amounta agreed to be p~id u~er or by virtue of the obligation to pay pmvided for in t6is Note, or any ,
c6ange or changes by way oE release or surrender or substitutio~i of any real property and collateral. or either, held as
s~ecurity tor this Note, and v?aiv~e all and every kind ot notice of such e:tension or e:tensions, change or changes, and
agree Wat t6e same may be made withoat the joinder ot the Maker.
~ AddZles i 1~OS AVMDi~ P
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1?ort Pierce, Florida 33~50
/s/ Florene Monroe Robinson now ~
ey
_ /s/ Aenry Causey
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