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~?E11MANtN/1
MORTGAC~ NOTE ~
Daee ot Note: y~bvember 197'~
Prir~ciwl Anwunt: ~38, 500. 00 .
Maa,r;ty n~e~: Ten Yesr•
,
ti?c~~t x~~: q.~, .
M~ortisation Period: ~'rom the day hereot to the Matucity Dats.
Instaiment P+~macnt: s 1, 469. 84 qusrterly
F'irst ~tat~nt paynoent ~ate: Februsry 1. 19TS .
FOB VALUE RECEIVED, the undersigaed snd if more than one. 3oinUy and severaUy (the liaker). dcea hereby
~~~t ~ promise to pay to tha order bi Sua Bank oi Sk Lueie County or to its successors or asaigns (collectively the
Psyee). at its prineipal oHiee at 111 Orange Ave.. Fort Pierce, Fta. or at auch other place as the PaYee may deaignste
to the Maker in wrltin8 from time to tim~. in legal t,ender of the United States, the Principal Amount together with
intereat at the Interest Rste on the unpaid balance oi the Prlncipsl Amount ' ~Si~ .
The s~ms due and owin~t hereunder s6a11 be PaYabie durin6 We Amorti~tian Pen~ ~ual~ ~~~ta.
eac6 in We amouat oE the Instalment Paq?ment, t6e tirat such Instalment Payment ~r ~W ~ Maturity Date
Payment Date and subse9uent Indalment Pepm~ents on tbe Cud day ot ~ch 7~~
wl~ereupon the eatire unpaid belanoe ot priuciP~l and intereit acciued and ui?P+ud thenon shall become due and pay-
able: each such instalment w6ea paid e6al! be applied fizat to the paYment of interest on tbe unpaid balance at !he Ia.:
remaiader tbereo( to payment on acoount of principal. ~
If any Instalment Payment shall not be paid when due. tlten the eatire P~P~ sum and aocrued intereat here-
under shall become due and PaYable at oteee or thereafter. at the oPtion of the holdGr of t6is Note. Tbe Payee may. at
its aPaon. collect a late charBe not to ~oeed two ceate tor each one dollar oE each Instalmenc Payment not paid when
due to reimburx the Payee for ~pensea at se~vicins delinn~e Instalmenc Parmen~s- Failure to e~rciae these options
ehall not oonatitute a waiver of the right to e:errise the same in the event ot any subeequent detault
It is further aBreed that the Maker and each endorser. wret3?, susrantor, loinUy and seweraDY. aha11 PaY all casta of
collection of this Note. includin6 a reasoneble attorney's fee, on Eailure to pay anY Instalment paY°~ent or any accrued
interest due hereunder on the due date tl~ereof. This Note and all sums due be~u~er shaU bear intereat at the hi8hest
lawful rate of intereat Per annum in the 3tate of Florida irom tbe date wh~a the princiP~l and aocrued interest under
this Note s6a11 be due. and p~Yable. Tl~e total interest paYable her~undet ahall not in anY one Year e~oeed the higheet
laarful rate of intereat in the 3tate of Fiorida.
This Note is aecured b3? a Mortgage. dated the date hereof. of proPert3? sitnsted in the State of Florida._ _
I
~ The Maker agreea that it shall be bound bY anY agceem~t e:tendin8 tbe time or modityin8 the abave terms of
P~Y~?t, made b3? tbe Payee and the owner or owneis of tbe Properh? affected bY said Mottgage. whether with or with-
out notiae to tl~e Maker, and tbe Maker shall continue liable to psY tbe amount dae henwuder. but with interest at s
rate no gr~ter than the Intereat Rate, accor~in8 to the terms of any a~h aBteement of eztenaion or madif'cation.
'i'be unpaid balance of the Prineapal Amoun~ Plus aoctued interest shall beoome due and paYable at tbe option oi .
tbe Payee u~er the bappeniaB of an event by wbich said balanoe shall or may become due and paYabie undes the terma
ot said Mortgage.
This Note may not be cl~anBed ora11Y. but onlq by an agreement in writing. si8ned bY the P~Y aB~t whom en-
foroement of any waiver, change. modification or diechar8e is sought ~
. r
All parties to this Note. whether Maker, PrinciPal. surety, 8uarantor os endorser. hereby waive preeentment for
P~Y~IIk demand. Pmtest, notice ot proteat, and notice oi dis6onos. and ezpresaly aB~ lo~uY and severally to remain
and rnntinue bound tor the paYment of the principal aad intereat provided [or by the terms of this Note, notwithstandinB
any e~ension or eztenaions of the time ot, or for the payment oF said princip~l or interest, or any chanBe or chanBes in
the amount or amounta a8rted to be P~id undei or bY ~~e of the oblisation to psy Frovided for in this Note, or any
chaoge or chanaes bY way of release or s~rrender or substitution of any real proPertY and rnllateral, or either. held as
security tor this I~iote. and v?sive a11 and every Icind of notice of such eztension or ~tei~sions, change or changes, and
agree that tLe aame may be made `Mthout ~ lo'~r of t6e Maker. .
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