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HomeMy WebLinkAbout2359 ~r~RMANENTI . f I ? ~ MORTGAGE NOTE ' ~ $Z,000.00 OcLo~r 10, 197~ Principal Amount: Date ot Note: Maturity Dace: ~a~ Interest Rate: 9~~ Atnortisation Period: ~om We dey hereof to the Maturity Date. . Inatatment Payment: 532.69 I~tirat Inatalment Paytnent Dete: J~~n lO ~ 1975 FOR VALUE RECEIVED. the undersigned and ii more than one. jointly and severally (the Aialcer). doea hereby covenant and pmmise to pay to the order of Sun Bank of S~. Lucie County or to its successora or assigna (collectively the Payee). at its principal of~ce at 111 Orange Ave., Fort Pierce. Fla. or at such other place as the Payee may designate to the Malcer in writing irom time to time. in legal tender of the United States. the Principal Amount together with interest at the Intcrest Rate on the unpaid balance of the Principal Amount The sums due and owinR hereunder ahall be payable during the Amortization Period in equal monthly instalmenta, esch in ihe amount of We Inatalment Payment. the first u~ talment Payment to be made on the Firat Instalment Payment Date and subeequent Inatalment Paymenta on the it~y ot each month therea[ter until the Maturity Date whereupon the entire unpaid balance o[ principal and interest accrued and unpeid thereon s6a11 become due and pay- able; each such inatalment w6en paid ahall be spplied C~st to the payment of intereat on the unpaid balance at the In- ~ terest Rate and the remainder thereot to payment on account of principal. If any Instalment Payment shall not be paid when due, then the entire principal aum and accrued interest here- under ahall become due and paysble at once or thereafter, at the option of the holder of this Note. The Payee maY, at ~ its option. collect a late charge not to e:ceed two centa for each one dollar of ~ch Instalment Payment not paid when due to reimburse tLe Payee for e:penses of aervicin8 delinquent Instalment Payments. Failure to exerciae these optiona } ahall not conatitute a waiver of the right to e:er~ise the same in the eveat of any subsequent detaulk ~ It is further agreed that the Maker and each endoraer. eurety, Buarantor. jointly and eeverally, al~all pay all coata of collection of thia Note, including a reasonable attoraey's fee. on feilure to pay any Instalment Payment or any accrued interest due hereunder on the due date~thereof. 'ILis Note and all sums due hereunder shall bear intereat at the highest lawful rate of interest per annum in the State of Florida from the date when the principal and accrued interest under this Note shall be due and payable. The total interest payable hereunder shall not in any one year exceed the highest lawful rate of interest in the State of Florida. This Note is secured by a Mortgage, dated the date hereof. of PmPerty situated in the State of Florida. i The Maker agrees that it shall be bound by any agreement extending the time or modifying the above terms of payment, made by the Payee and the owner or owners of the property a[fected by said Mortgage. whether with or with- out notice to the Maker, and the Maker ahall continue liable to pay the amount due hereunder. but with interest at a ~ rate no greater than the Intereat Rate, accordinK to the terms of any auch agreement of e:tension or modiCcation. E The anpaid balance of the Principal Amount, plus accrued interest shall become due and payable at the option oE ~ the Payee under the happeninB of an event by which said balance ahall or may become due and payable under 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, modiGcation or diacharge is sought All parties to this Note, whether Maker, principal. surety. (euarantor or endorser. hereby waive presentment for payment, demand, protest, notice of protest, and notice of diahonor, and ezpressly agree jointly and eeverally to remain and rnntinue bound tor the payment of the principal and interest provided tor by the terms of this Note, notwithstanding any e:tension or extenaions of the time of, or tor the payment ot said principal or interest, or any change or changes in the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided for in thia Note. or any change or changes by way of release or surrender or subetitution of any real. property and collateral, or either, held as security tor this Note, and v?•aive all and every kind ot notice ot anch e:tension or e:tensions, change or changes, and agree Wat the eame may be made without the joinder of the Maker. Hj.D~SCE1f StSNt Port St. Lncie llorida 3345~ - ~ ~ ~-,-~;-=rar~k -Ki~1.el - /s/ Irene Kinkel _ - ~ ~ . ~ 800K ~z PACE~~ ~ rcwr ~ra - PP~srrr sr ~~uar . . • ~ . _ ' - ~ - ; j ~ ~ _ ~ ~ ~ _ ,