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HomeMy WebLinkAbout2689 I~~AMAN[NTI ~ ' , MORTGAGE NOTE u ~ Date ot Note: :Iover.:L>~Y' :.1 1`s 74 Principal Aawunt: Maturity Dace: . ; ~ Intereat Rate: ~ ~ Amortization Period: From the day hereof to tbe Maturity Date. Instalment Payrment: t• . M 1 Firac Instalment Payment Dats: J a: ~•.2a r 1 :i , 1 ~ 7 5 FOR VALUE RECEIVED, the undersigned and if more thsn one. 3oinUy and severally (the Maker)~ does hereby covenant and proause to paY to the order of Sun Banic of Sk Lucie County or to its succeseora or aseigr?s (collectively the Payee), st its principal oKce at 111 Orange Ave., Fort Pieree, Fla or at such other place as the Payee msy designatc to the ~daker in writing fmra time to time, in legal tendes of the United StAtes, the Principal Amount Logether with intereat at the Interest Rate on the anpaid baiance oi the Principal Amounk The aums due and owii?x hereunder ahaU be PsYable durin8 the Amortizatiott Period in equal moat}ilY inatalments. each in the amount of the Instalment Payment, the firat su Instalment Payment to be made on the First Instalment Payment Date and subsequent Inetalment Payments on the ~~day of esch month thereafter unW the Maturity Date whereupon the entire unpaid balance of principal snd interea! acciued and unpaid thereon ahall become due and paY- - able; each such inatalment when paid ahall be applied CrsE to the payment of intereat on the unpaid balance at the In- terest Rate and the remainder thereof to payment on account of principal. . If any Instalment Payment shall not be paid when due. then the entire princiPal Sum and ao~r~~ u'tereat here' under ahall become due and payable at once. or thereafter. at the option of the holder of thia Note_ The PaYee maY. at its option. eollect a late charge not to ezoced tvro centa for each one doilas of each Instalment Payment not paid when due to reimburee the Payee for e:penaea of eervicin8 delinquent Instala?ent Paymenta. Failure to e:ercise theae optiona shall not constitute a waiver of the right to e:erciee the aame in the erent of any subeequent defaulk It is further agreed tbat the Maker and each endoeaer. surety, Suarantor. jaintly and severallY, PsY of callection of this Note. inctuding a reasonable attorney's fee. on failure to pay any Instalment Payment or any aecrued intereat due hereunder on the due date thereof. This Note and all sums due hereunder shall bear interest at the higheat lawful rate of interest per annum in the 3tate of Florida irom the date when tbe principal and accrued interest under thia Note ehall be due and payable. The total iaterest payable hereunder shall not in any one Year ezceed the w8best lawtul rate of intereat- in the State of Florida. This Note is aecured by a Mortgage, dated the date hereof, of praperty aituated in the State of Florida. ' The Maker agrees that it shall be- bound by any aBreement eztending the time or modifyin8 the abrn'e terms of i payment. made by the Payee and the ovmer or owne:a of the property aHected by esid Mortgage, whether with or with- ~ out notiee to the Maker, and the Maker ahall continue liable to pay ttee amount due hereunder. but with interest at a ~ rate no greater than tLe Interest Rate. according to the terms of any such agreement of extension or modification ~ 'l~e unpaid balance of the principa? Amount, ploa accrued interest abail become due snd payable at the option of the Payee under the happeninB of an eveat by which said balanc~e shall or may become due and payable under the terms of said Mottgage. Thia Note may not be changed orally, but only by an agreemerit in writine, aiened bl? ~ Pa~Y a6~t whom en- forcement of any waiver. chanBe. modiCcation or discharge is aought All parties to this Note. whether Maker, principal. sorety. Buarantor or endorser, hereby waive presentment for payment, demand, pmtest, notice of pratest, and notice oE diahonor, and e~ressly agcee jointly and eeverally to remain and continue bound tor the payment of the principal and interest pmvided tor by tbe terms ot this Note. notwithstanding any e:tenaion or eztensione of the tune of, or for tbe payment ot said principal or intetest, or any c6ange or changea in the amount or amounta agreed to be pa~d under or by virtue of the ob}igation to pay pmvided for in this Note, or any change or changes by way of release or surrender or aubatitution of any real property and collateral, or either, held as sec~rity for t6is Note, and waive all and every kind oi notice of e~ch e:tenaion or e:tenaiona. change or changes. and agree t6at t6e aame may be made without the joinder of the Maker. . ~ _..~~~~r :=1v~-.; u~ ~ ~ I'ort r :i rc=~ . I'1•~~i~ - , - ~ ~ r ~ ~ /s/ Evelyn E. Gordon ~ BUOK~ PA~~'~~ rcwr ui - gvrnr~c n asa~ - ~ , = - - ~ ~ _ _ a -