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HomeMy WebLinkAbout2690 1rCAYANENTI MORTGAGE NOTE Prit~ciPal Amouat: =1` ~ s~0.00 Dette ot Nots: 3~ 1'7~ Maturity Date: '!r~ Y~i~~ in~~t t~~: 9~1 Amortisation Period: F~om We daY hsreof to tM Meturity Dsta Instalment Payment: ~=l~•5Z ' P'irsc L,.tatment Paymenc n~ate: ~o~b~]c ls, 197~ FOR VALUE RECEIVED. the underaigaed and if more t}u~n one. fointly and sever+llY (t1?e Msker). doea hereby eovenant and pmmise to pay to tke order of Sun Bank of Sk Lucie County or to its suoc~sors or assigna (collectively the Payee), st its principal o~ce at 111 Orange Ave., Fort Pieree, Fla. or at sueh othes plaee as the PaY~ ~Y ~B~?~ to the Msker in writing from time to time~ in legst teuder of the Uaited Statea, the Prlncipal Amount together with -interest at the Internst Rate on the unpaid baLnee ot the Principsl Amount The sums ilue and owinR bereunder shall be paYaWe dnrina tbe Amorfisation Period ia e9ual mont6ly inetal~nenb. each in the amount ot the Instalment Paymenk the C?rst I nt Payment to be made on tba I~rst Inetalment Payment Date and subeequent Ins~almeat Paymenb on tha oE ~dt month t6ereafter until the Maturity Date whereupon tbe entire unpaid balance ot PriuciPal and iatereet accrued and anpaid thereon shall become due sud peY- . able; ~c6 such instalme,nt whea paid aball be applied Cust to tbe payment ot interest on the unpaid balance at tLe In- tere~ Ratc and the rennninder thereot to payment on account ot principel. - If any Instalnaent Payment ahall not be paid when due. Wen tbe entire princiPal sum aad aoc:ued intereat here- under ehall becoane due and paYable at oaoe or tl~ereafter. at the option oE the holder of t}eis Nobe. Tbe Payee may. at ita oPtion. collect a late char8'e not to ~oeed two oenta fos esch one dollar ot each Instaiment Payment not paid when due to reimbuise the Payee for ezpensea of sezvicin8 -delin9uent Instalment Paymentd Failure to ezercise theae options nhall no! constitute a waiver of tl~e right to ezercise the same in the event of any subse~lu~t default It is further agreed that tbe Makes aad each endoraer, surety, 8~arantor. lointly and aeverally. ahall PaY aq costa oE colk~ctioa oE thia Note. including a reasonable attoraey's fee, on failure to paY anY Instalment payment or any accrued intereat due hereunder on the due date thereof. 'Tliia Note and all sums due hereunder ehall besi interest at the hi8beat lawtul retc of interest per aanum in the 3tate of Florida from tl~e date when the principal and aocrued interest under thia Notc shall be due and paYable. 'I'he total interest paYable hereunder shall not in any one year pacceed the higbest lawful rate of interest in the 3tate of Floride. This Note ia eecured M? a Mortgage, dated the date hereof. of pmpertY aituated in the 3tate of Florida. ~i Tbe Maker agrees that it ahall be bound bY ~Y 86~ment e:tendin8 the time or awdifYin6 the above terme of ~ payment, made by tbe Payee and~the owner or ownera of the property aHected by esid Mortgage, whether with or with- ~ out notioe to the Maker. aad tbe Maker shall continue liable to paY tbe amau?t due hereunder, but with interest at a rate no greater than tl~e Interest Rate, aecordiaB to the terma of any auch asreemeot of estension or modif'x:ation. ~~p~ o{ ~ principai Amount. plus socnied interest dhall beoome dne and payable at the option of the Payee under tM happening of an event by wluch esid balan~e ahall or may berome due and payable under the terms . of aaid Mortgage. Tbis Note may not be changed orally. but only by an agreement in writin8. ai~ed bY the PartY a88inst w6om et?- foroement of any waiver, chan8e. modification or discharBe is sought All parties to Wia Note, whether Maker, principal, eurety. Huarantor or endorser, hereby waive presentment for PaY~nt, demand. Pmtest, notice of pmtest, and notice of diahoaor. a~ e~r~ty ~ ioinuy ~a ee.~erauy to ~~;n and continue bound for the payment o[ the princi~l and intereet pruvided for by the terms of thie Note. notwithstandin6 any e~ension or e~enaions of the time of. or for the peyment of anid principal or interest. or any chan8e or changea in the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided tor in tbis Note. or eny change or changea by way of releaee or surrender or aubetitution of any real property and rnllateral. or eit6er, held as eecurity [or this Note, and waive all and everY kind of notice of auch e:tension or e:tensions. change or changes. and agree that t6e same may be made without the joinder of the Maker. ~ii! 3005 '~~iM ~~?Il~ ~ort pi~to~, llosida 33~50 /s/ Leslie A. Childs ~ /s/ Eunice Childs BooK232 ~2687 fl7N! Dtl - PRIIRIiC R7 QAJ~ ~ . _ ._:,-.h., . _ _ yµ~~ ~ ~ . ~ _ s,; _ f ~ ~ . _ - > . ~ a . _ _ ~ _ . .