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HomeMy WebLinkAbout2975 1r[AM~N[NTI MORTGAGE NOTE _ . ; $10.500.00 ~ace ot Note: October 10, 19?4 t principal Amount: ~ Maturity Dace: 15 years _ Intereat Rate: 9 ~ ~ Amortizetion Period: From the daY hereof to the Maturity Date. Instalment Payment: ~ 109. 66 monthly First InsLalment Payment Date: NOVdt7clbOr 30~ 19T4 FOR VALUE RECEIVED, the anderaigned and if more than one. jointly and eeverally (the Maker). dces hereby covenant and pmmiae to Pa?Y to the order of Sun Bank oi S~ Lucie County or to its successors or asaigns (collectively the Payee)~ at its principal ofiice at 111 Orange Ave., Fort Piene. Fla. or at auch other place as the Payee may designate to the Maker in writing irnm time to time, in legal tender oi the United States~ the Principal Amount together with intereat at the Interest Rate on the unpaid balance of the Principal Amouni The suma due and owinit hereunder ehall be P~YaWe durin8 the Amortisation Period in equal monthly inatalmente. - eacb in the umount of the Instalment Payment. the t'irst such Instalment Payment to be made ~on the Firat Inatalment Payment Date and subae9uent_Inatalment Payments on the first day of each month tl~ereatter unW the Maturity Date whereupon the entire unpaid balance of priqcipal and intet~est acctued and unpaid thereon shall become due and pay- able; each sach instalment when paid shall be apPlied Gzat to t6e payment of intetest on the unpeid baiance at the In- a~i tht~ remainder thereof to paymentron account ot principal. If any Inatala?ent Payment shall not be paid whea due. then the entire PnnciPal sum aad a~~~ ~?tereat here- under shall become due and payable at once or Wereafter. at the option of the holder of Wis Note. T6e PeYee maY. at its option. collect a late charge not to ~ceed two cents for each .one dollar ot e~ch Inatalment Payment not paid when due to reimburse the Payee for ezpenses of servicing deiinquent Inatalment Payments. Failure to e:erciee these optiona shall not rnastitute a waiver of the right to e:etrise the same in the ~went of any subaequent defaulE. It is further agreed that the Maker and each endoreer. s~rety, 8uarantor. jointly and eeverally. ehall PaY all costa ot rnliection of thia Note. including a reasonable attorney a fee. on failure to pay any Instalment Payment or any aecrued interest due hereunder on the due date thereoE- 'This Note and all sums due herevnder ahall bear interest at the highest iawful rate oE interest per annum in the State of Florida from the date when the principal and aocrued interest under this Note ahall be due and payable. The total interest payable hereunder aha11 not in anY one Year e=ceed the luBbe'~ lawful rate of interest in the State of Florida. I This Note is secured by a Mortgage, dated We date hereof. of property aituated in the 3tate of Florida. ~ - f f The Maker agreea that it s6all be bound by any agreement extending the time ar mod~fY~e ~ abO~ of ~ affected by said Mortgage, whether with or with- ~ PeY~nt• l~~ by the Payee and the owner or owners of the proPertY out no~:~AR the Maker. and the Maker s1~a11 continue lisble to pay the amount due hereunder. but with interest at a rate no greater than the Interest Rate, acrordinB to tbe terms at ai?y such agreement of e:tension or modificetion. The unpaid balanoe of the Principal Amount. plua accrued intereat shall become due and PaY able aunder the terms the Payee under the haPPenu?g of an event by which said balanoe ahall or may become due and pay of said Mortgage. This Note may not be changed onlly. but only by an agreement in writing, signed by the party againat whom en- forcement of any waiver, change, modificateon or discharge ia souShk - All parties to this Note. whether Maker, principal. aurety. guarantur or endoraer. hereby waive presentment for payment. demand. protest, notice of psotest. and notice of diahonor, and ezpresaly agree jointly and aeverally to remain and continue bound for the payment of the principal and intereat provided tor by the terms ot this Note. notwithatandinB any e:tension or e:tensions of the time of, or for the payment of said principal or interest. or any c6ange or changes in the amount or amounta agreed to be Paid under or by virtue of the obligation to pay prorided for in this Note, or any change or c6anges bY waY of release or surrender or substitution of any real property and rnllateral. or either. held as security for thia Note, and vraive al! and every kind of notice of such e:tension or e:tensions, change or changes. and agree that tbe same may be made wit6out the joinder of the Maker. ~ ~ / a / Dorothy Peyman = /s/ Au~ust C Peyman Prepayment privilege is hereby granted. rc~? au - vxtrrtx n ~.w ~ ~ ~;'z ~ - ~ ~ ~ ~ ~ ~ ;r ~ ~ ~ ~ a ~ ~'A'}~' ~ 1 .~..Y .5 _f ~ =j 1 . ..n d. ~ - _ .