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HomeMy WebLinkAbout0213 . i Ir~RMAN~NT1 ~ i MORTGAGE NOTE Principal Amount: ~ 50, 000. 00 n8~. or Noe~: Oetober 10. 1974 Macurih? Dace: T~n Y~ass Interest Rate:~ ~ - Amortizatio~ Period: From the day hereot to the Maturity Date. Instatment Payment: =S~ ~0. 00 pl~sa 3nteres! risslr - . . ~~c ~~t~nc p~at n~c~: October 10, 1975 ~ FOR VALUE RECEIVED. th~ undersigned and ii more than one. jointly snd ceverally (the Maker). dcea hereby covenant and promise to p:?Y to the ordes of 3un Bank o! St I.ucie Connty or to ita suceeasors or assigns (collectively the Payee). st its principal offiee at 111 Orange Are.. Fort Pierce, Fla. or at sueh other place as the Payee may desigaatc to the Msker in writing irom time to time. in legal tender of the Unitod States, the Principal. Amount together ~vith intereat at the Intereat Rate on the unpaid balance oi the Principal Amounk • The siuns due and owinR hereunder sball be PaYable durinB ~e Amorti:ation Period in equal monthly inatelments. • each ia the amount ot the Instalmeat Payment, the tirat such Instalmen! Payment to be made on the I~rst Instalment- payment Date and sub~equeat L~ilment Paymenta on the tirs! daY of each month thereafter until the Maturity Date whereupon the entire unpaid b~lance of pri4cipal and interest accrued and unpaid the=eon ahall become dua and pay- able; each such instalment when paid ahali be applied fiiat to the peyme~. ot interest on the unpaid balance at We In- tereat Rate and t~e remainder thereot to payment on account of .principal. - If any Instalment Paymet?t shall not be paid when due, then the entire princiP~l sum and soc~ued intereat 2~ec+e- undes ahail become due and payable at once or tl~ereaftcr. at the option of the holder of this Note. Tbe Payee may, at its option. collect a late charge not to ezoeed two cents for each one dollar ot aach Insfalment Payment not paid when due to reimburee the Payee for e:penses ef eer~ricinB delin9uent Inatalment Payments. Failure to e:ercise these optioas ahalt not conatitute a waiver ot tbe right to e:ercise the same in the event of any subee9uent detault It i~ furtl~es a6reed that the Maker and ~'ch endoreer. surety. auarantor. jointly and severally. ahall p~ay all costs of coUection of tbis Note. including a- reasonable attoraey's fee, on failure to pay any Inatalment Payment or any socrued interest due hereunder on the due date thereo[. This Note and all aums due hereu~er ahall bear interest at the higl~eat i lawful rate.of intereat per annum in the State of Flotida from tl~e dale when the principai and accrued interest under this Note aball 6e due and PaY~- The total interest P~Y~Ie hereunder shall not in ~any one y~r ezoeed the highest lawful rate of interest in the 3tate o[ Florida. - T'his Note is secured by a Mortgage. dated the date hereof. of pmperty aitoated in the 3tate ot Ftorida. The Maker agrees that it s6a11 be bound by any agreement eztending the time or modifyinB tUe above terina of peymeat, made by the Papee and tbe owner or owners of the property affected by said Mort;age, whetber with or with- F out notice to the. Maker, and the Maker ahall rnntinue liable to pay the amount due hereunder, bnt with intereat at a ~ rate no greater t6an the Interest Rate. aocording to the terma of any such agreement of eztension _or modif~ication. ~ 'lbe impaid balancE ot the Principal Amount, plua accrued intereat ~ahall beeome due and payable at the option ot the Payec under the happening of an event by which said balanoe ahall or may become due snd payable under the terma ~ of said Mortgage. , ' This Note may not be changed orally, but only by an agreement in writing, eigned by the party aBainat whom ea- torcement of. any waiver; change, modification or diacharge is sought ~ All parties to thia Note, whether Maker. principal, surety. guarantor or endoraer, hereby waive preeentment for ~ peyment, demand. Pmtesk notice of protest, and notice oE di~honor. and ezpresaly agree joindy and eeverally to remain t and continue bound for the payment of tbe principal and inte~est provided tor by the terms of thia Note, notwithstandin~ ; any e:tension or eztensions of the time of. or for the gayment of said principal or interest. or any change or cbanBea in ' the amount or amounta a8r~ed to be Pa~d under or by virtue of the obligation to pny pmvided for in this Note. or any `r, change or changes by way of release or surrender or aubstitution oE any real pmperty and collateral, or either, held as eecurity for t6is Note, and v?aive all and every kind of notice of auc6 e:tenaion or e:tensions, change or shanges, and agree that the same may be made wit6out the joinder of the Maker. ~ ~ ~ • ~ ~ / 8 / Dora Belle Holman ~ ~ , - f' ~ " ~ ~ f ! rC ~j~-r..~ C t~ ~ ~ ~ yx-~--_ r --T d00K~ P~6f ~ ~ ~:i - rurrnc n s~ . ~ ~ ~ i j"' `vk~ ~ ~~'~--~i~~ , ~ ~ ti. . .