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HomeMy WebLinkAbout2260 ~~(AMANENTI . ~ MORTGAGE NOTE Principal Amount: ~8.000. 00 Date ot Note: OCtObe! 1974 Mecu~ty n$c~: Ten Ysara ~ ~Ace~t ~tac~: 9 } 96 Amortisetion Period: ~Yom the day hereof to the Maturity Date. Inatatment Payment: ~ 103. 52 per month flrst Inslalment Payment Date: NOVOtriber 15. 19?4 FOR VALUE RECEIVED. the undersigned and ii more than one. jointly and severaUy (the Ddaker), does hereby rnvenant and promise to pay to the order of Sun Bank oi St Lucie County or to its successora or assigna (collectively the payee), at ita principal office at 111 Urange Ave., Fort Fierce. Fla. or at auch other place aa the Payee may deaignate to the Malcer in writing imm time to time, in legal tendeT oi the United Statea. the Principal Amount together with intereat at the Intereat Rate on the unpaid balance oi the Prineipal Amounk The suins dne and owinlt hereunder ahall be paYable duru~ tbe Nmortization Periad in equal monthly instaZmente. earh in the amount of We Inatalment Payanent, the Cirst such Instalment Payment to be made on the First Instalment Payment Date and subsequeat Instalment PaymenM on tbe first day of eacb month ther~fter until the Maturity Date _ whereupon the entire unpaid balance of principal and interest acerued and unpaid t6ereon shall become due and pay - able; each auch instalment when paid ehall be applied Gret to the payment of interest. on the unpaid balance at We In- terest Rate and the rEmainder lhereo[ to payment on account of principal. , If any Instalment Payment shall not be paid when due. then the eatire P~pP~ 8~ ~ 8~~ ~~~t here- under ahall become due and payabte at once or thereafter. at the option of the holder of tLis Note. Tbe Payee maY. at its option, collect a late charge not to e:ceed two cente for each one dollar of each Inetalment PaYment not paid wben due to reimburse the Payee for e:penses ot eervicine delin9uent Instalment Payments. Failure to ezercise these uPtiona ahall not conatitute a waiver of the right to e:eri.~ise the same in the event of any eubeequent defauli It is further agreed that the Maker and each endoreer, surety. Buarantor. jointly and severally. eha11 P~Y all coste of rnllection of this Note, inciuding a reaeonable attorney's fee. on failure to pay any Inatelment PaYment or any accrued interest due hereunder on the due date tbereof. 7~is Note and sll aums due bereunder ahall bear interest at the higheat lawful rate of interest per annum in the State of Florida from the date when fhe principal and accrued interest under _ thia Note ahall be due and payable. Tlre total interest payable bereunder ahall not in any one yeas ezceed the highest lawtul rate of intereat in the State of Fiorida. 'Thia Note is aecured by a Mortgage, dated the date hereof. of properiy aituated in the 3tate of Ftorida. ~ '1'be Maker agreea thet it shall be bound by any agreement eztending the tiaie ar modif3?inB the above terma of ~ payment, tnade by the Payee and the owner or owners of the property effected by said Mortgage, whether with or with- ' out notice to the Maker, and the Maker shall continue liable to pay the amount due hereander. but with interest at a ~ rate no greater than the Interest Rate, acrordinq to the tera~ of any such agreement of e:tenaion or modification. The unpaid balance of the Principal Amount, plus accrued intereat s1~a11 become due and payable at the option ot the Payee undes the happening of an event by which 8aid balance ahall or maq become due and payable under We terms of eaid Mottgage. This Note may not be changed orally, but only by an agreement in writine. ai8ned bY ~ PanY ag~t whom en- forcement of aay waiver, change. modi~cation or dixharge is soughk All parties to this Note, whether Maker, principal, surety, guarantor or endorser. hereby waive pre~entment for payment, demand, protest. notice of protest. and notice of dishonor. and e:preasly agree jointly and eeverally to remain and continue bound for the payment of the principal and intereat provided for by t6e terma of thia Note. notwithstandin8 any e:tension or eztenaions of We time o(. or for the payment of said principal or interest. or any change or changea in the amount or amounts agreed to be paid under or by virtue ot the obligatioa to p~ay pm~ided tor in this Note, or any change or changee by way of releaee or surrender or substitution oE eny real property and collateral. or either. held as security for this Note, and v?aive all and every kind of notice of such e:tenaion or e:tensiona, change or changes, and ~I agree that the same mey be made without the joinder of the Maker. ~ Prinfle~e at prsps~nae~a! of sll . z.~ os any psrt at an~ time is herebr ~ Qrantad without penaltT. ~ ~ /s/ Joseph B. Miles ~ Joseph B. Miles /s/ Arbell J. Miles r e . es 600K ~e7~ PAGf ~+~W ~ rrar~r 9:~ - PrvsrreG e~ ~a.ts ~ ~ 6~;~~ - ~ ' s ~~~~`.a ~ ~'~~,~r~~""``. . ~s ~ _ s.~_ . . ~ ~-~s'~'~~~ ~.a~'~ ~ ~ .