HomeMy WebLinkAbout0501 1rtAYANtNT1
i
. MORTGAGE NOTE ' `
. i~ov~b~r Z9, 1l7~
Principal Amount: ~5•060.0.0 ~ nate ot rtots:
Matus;ty Date: Y~ass =
Intere+t Rate: - 9~S ~
Amortisation Period: From tLs day hereot to the Maturity Date.
Instalmer~t Payment: ;7~ • .
~~,c ~„~~Ac Parm~t n$~: JanuarY 1~ 1975
FOR VALUE RECEIVED, the underaigned and ii n?cre than one, jointly snd severally (the Maker)~ doea hereby .
covenant and promise tu paY to tt?e order oi Sun Banlc oi SL Lucie Countl~ or to its successors or asaigns (collectively the
Psyee). at ita priACipal o~ce at 111 Orange Ave.. Fort Aerce. F7s..or at such other place aa the Payee msy desiSasde
to the Maker in writing irom ttme to time, in legal tender of the United States, the Principal Amount together with
interest at the Interest Rate on the unpaid balanee of the Principsl AmounL
L_ ~u_ a......s s~ e,~...r:~.t~nn Period in eoual moatl~lY instalments.
'IUe eums due anQ owinR Aereunaer ainua w T~aa.,.o ..,..---e
~ch in tbe amount ot the Instalment Pqyment, t1~a Cust wch Instelment Payment to be made on We Fitat Instalment
ns a
Payment Date and aubsequent Instalment Psymeats on tbe fimt day of ~ch month theraatter until the Ma
~~Y
whereupon the entire unpaid balance of pii~qcipal and intereet accnied and uaPaid ~reon a6all become due ,
aWe: each auch instalmeat when paid apall be applied firat to the payment oE interest on the unpaid balance at the Ia-
terest Rate and the remainder thereof to p~yment on account of principal.
If any Instalment Payment shall. not be P~id when.due. then the entire P~P~ aum and aocnied intereat here-
under ahall become due and paYable at once or thereafter. at the option of the holder of this Note. The Payee may. at
its option. rnllect a late charge not to ezoecd two aenta for each one doUar of each Instalmeat Payment not paid wben
due to reimburse the Payee for e:pensea of servicin6 delin9uent Instalment Pay°°e°ta' Failure to e:ercise these optiom
ehall not rnnatiWte a vraiver of the right W~ercise the same in the event of any aubee9uent defaulk
i• s....ti.... ..o..~..,~ tlwt the Malcar end eech endorses, suret3?. Buarantor. jointly and eeverally. ahall PaY all costa of
coUeMion ~of this Note, including a reasonable attorneY's fee. on faiture W paY anY ~a3'°"~"` "r
interest due henwnder on the due date thereof. 'This Note and all sume due hercunder shall bear intereat at the hi8heat
lawful rate of interest per annam in tbe State of Florida from the date when the principal snd acrnied intereet under
thia Note ahall be due and paYable. The total intereat PaYable hereunder ahall not in any one Y~r ezceed the hi8hest
lawful rate of interest in the 3tate of ~ Florida. •
Tbia Note ia eecured b3? a Mortgage. dated the date hereot. of propertY aituated in the 3tate of Florida.
~ ent e:tendit?B the time or modifYinB the above terma of
~ The Maker agrees that it shali be bound by any aereea?
~ paynoent. made by the Payee and the owner or awnere ot the PmPenY affected by aaid Mortgage, whether with or wit6~.
out notioe to the Maker, and the Maker at~all contmue liable to pay the amount due hereuader. but vvith intere°t at a
ratc no greater than the Interest Rate, ac~ordin8 to the tetma oE any wch agreement of e:tension or modification.
'Ibe unpaid balance of the oPrinci~nt byr which said balance ahall or mal
y becomeddue and PaYable aemdter the terms
the Payee under the haPPeninB .
of said Mortgage.
T7~is Note may not be chanBed orally, but only by an agreement in writing. eigned by the PertY 8gains~ whom en-
~ment of any waiver, change, madification or discharSe ia eoughi
` All parties to thia Note. whether Maker, Ptincipal. suretl?, Buaran~r or endotser. hereby waive presentment for
PBYn~ent. demand. Protest, notice of pmtesk and notice of dishonor. and ezpreeslY aBree jou?tly and eeverally to remain
and continue bouitd for the payment of the principal and intereat Pmnded for by the terms oE thia Note, notwithstandinB
any e:tenaion or e~ensions of the time of, or tor tbe payment of said principal or interest, or any chanBe or chan8es in
the amount or amounts ae~ed to be paid under or by virtue of the obligation to pay provide~ for in U?is Note, or any
change or changea by way of release or surrender or substitution of any real proPertY and collateral• or either, held as .
aecurity for this Note. and waive all and every kind ot notice of such eztenaion or e:tenaiona, change or changes, and
~t ~~~ne may be made without t6e joinder of the Maker.
~aa: 1005 l~bzaska llvsa~w
pQrt pi~sv~, ~lozida 33450
/s/ Delores Iiutchenson
BOflX~ ~ ~
rour su - rurrr~c n sw _
~
e ~
i i'
xc-;~,=~M i,r,=g,• ;,.a=,„,.--~ . ; ~ ~ ~
~ ~:r ~
ti
_ ~