HomeMy WebLinkAbout1900 ~?[HM~NENTI
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MORTGAGE NOTE ~
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Principal Amount: =20,000.00 Dete or Note: pp~r 1974 `
Maturity Date: !1!!~=t YN1ts
Interest Rate: 9~~ .
Amortization Period: From the day hereof to the Maturity Date.
Instalment Payment: SZQe. $S
Firat Instalment Payment Date: ~ril 1~ 19'S
FOR VALUE RECEIVED. the underaigned and ii more than one, jointly and severally (the Maker). does hereby
covenunt and promise to paY to the order of Sun Bank oi St Lucie County or to its succesaors or ssaigna (eolleetively the
Payee)~ at its prineipal office at 111 Orange Ave.~ Fort Pierce, Fla. or at such other place as the Payee msy deaigaate
to the Maker in writing irom time to time. in legal tender of the United States, the Prineipal Amount together with
intereat at the Interest Rate on the unpaid balance of the Prineipal Amounk
The auma due and owinK hereunder shall be payable during the Amortization Period in equal uwnthiy instalments. ;
each in the amount of the Instalment Payment, the tirst wch Inatalment Payment to be made on the Fi~st Instalment j
Payment Date and subeequeat Instalment Payments on tbe tiist day of each month thereafter until the Maturity Date
whereupon the entire unpaid balance ot principal and interest accrued and unpaid thereon shall become due and P~Y'
able; each such instalment when paid shall be appiied fitat to the payment of intereat on the unpaid balance at the In-
tecest Rate and We remainder tLereot to payment on account of principal.
If any Instalment Payment ahall not be paid when due. then the entire pranciPal sum and accrued u?teteat bere'
under shall beoome due and payable at oi?ce or thereaiter. at the option ot the holder of this Note. T6e Payee may. at
its option. coliect a late charge not to ezceed two centa for each one dollar of e~ch Instalment Paya~ent not paid whea
due to reimburse the PaYee for e:penses of aervicin8 delinquent Inatalment Paymenta Faiture to e:ercise theae uPtio~
ahall not coastitute a waiver of the right to e:erciee the' eame in the event of any subeequent detaulk
It is further agreed that the Maker and each endorser. surety. Buarai?tor. jointly and severallY, st~all P~Y ~1
rnllection of this Note. including a reasonable attorney's fee, on failure to p~y any Instalment Payment or any aocraed
interest due hereunder on the due date thereof. This Note and ali suma due bereunder ahall bear interest at the higbeat
lawful rate of interest per annum in the State of Fiorida from the date w1?ei? We PrinciPal and accrued interest under
this Note ahall be due and payable. The total intereat payable hereunder shaU not in any one year ezcced the higbeat
lawful rate of interest in the State of Florida.
i This Note is secured by a Mortgage, dated the date hereof, of property aituated in the 3tate ot Florida.
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~ The Maker agrees that it shall be bound by any agreement e:tending the time or malifyinB t6e above terms of
payment, made by the Payee and the ovmer or owners of the pmpertY affected by aeid Mortgage. whetber with or with'
out notice to the Maker, and the Maker ahall rnntinue liable to pay the amount due hereunder. but witb intere~t at a
rate no greater than the Interest Rate, ac~eordinK to the terma of any such agreement of e:tension or modiC~cation. ~
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The unpaid balance of the Principal Amount, plus acctued interest a1~a11 become due and payable at the option ot
the Payee under the happening ot an event by which said balanoe s1~aU or maY become due and l~Yable w?der the terms .
of said Mortgage.
This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en-
forcement of any waiver, change, madi6cation or discharge ia eouBht-
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All parties to this Note, whether Maker. principal, surety. guarentor or endoraer. hereby waive presentment for `
payment, demand, protest. notice of pmtest. and notice of diahonor, and ezpreaslY agree jointlY and severallY to rema~~
and continue bound for the payment o( the principal and interes! provided for by the terms oi this Note. nohvithstandin6
any extension or eztensions of the time of, or tor the payment of esid principal or intereat, or any change or changea in
the amount or amounte agreed to be paid under or by virtue ot the obligation to pay provided for in this Note, or any
change or changes by way of releaee or surrender or aubstitution of any real pmperty and collateral, or either. held as
aecurity for thia Note, and v?aive all and every kind ot notice ot such eztension or e:tenaions, change or changes. and
agree that the same may be made without the joinder of the Maker.
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y~ ~dZ~Bi 2 790~ SU11~3 Z~~~t ~'I~! D~~~
~ Fort pieso~. Florida 33~50 '
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~ /s/ Eugene J. Swistak
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F:~AV 323 - PRIRT:IP'~' PT IfEAIi ~f~~
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