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HomeMy WebLinkAbout1068 1?[AYAMEM~1 MORTGAGE NOTE ~;~,~;~i A~~„t: 82, 000. 00 nae~ ~r Noc~: lsbruary 11. 1975 1Hacu~cy Daee: Tsa Y~aZ~ Interest Rate: g~~ Amortization Period: ~om the day hereot to the Maturity Date. Instalment Payment: ~ Z S•~ 8 firet Instalment Payment Date: HdZCh ~ ~ 7s FOR VALUE RECEIVED. the undetaigned and it more than one. jointly and aeverally (the hiaker), dcea hereby covenant and promise to pay to the order of Sun Bank oi St Lucie County or to its successoia or assigns (collectively the Payee), at its prineipal of~ce at 111 Orange Ave.~ Fort Pierce. Fla or at such other place as the Payee may designate to the Ddaker in v~-riting from time to time, in legal tender of the United States, the Prineipal Amount together veith intereat at the Interest Rate on the unpaid balance of the Principal Amognt The suma due and owinR hereunder ahall be payable durin6 the Amortization Period in equal monthly instalmenta. each in t6e amount ot We Instalment Payment, the tirat such Inatalment Payment to be made on the Firat Inetalment ~ Payment Date and su~uent Inalalment Payments on the f~tlay of esch month Wereatter until the Maturity Date whereupon the entire unpaid balance of priqcipal and interest accrued and unpaid thereon ahaU become due and pay- able; each such instalment when paid shall be applied fiist to the payment of interest on the unpaid balance at the In- terest Rate and the remainder Wereo[ to payment on account of principal. If any Instalment Payment shall not be paid when due. then the entire principal sum and accrued interest here- under shall become due and payable at once or thereafter, at the option of the holder of this Note. The Payee may, at its option, collect a late charge not to e:ceed two cents for esch one dollar of each Instalment Payment not paid when due to reimburae the Payee for e:pensea of servicing delinquent Instalment Payanents. Failure to eaercise these optiona shall not rnnstitute a waiver of the right to e:ercise the same in the event of any subaequent default. It is turther agreed that the Maker and each endorser. surety, guarantor, jointly and severally, shall pay ali costa of colleMion of this Note. including a reasonable attorney's [ee, on failure to pay any Instalment Payment or any arcrued interest due hereur?der on the due date thereot. This Note and all snms due hereunder shall bear interest at the highest lawful rate of intereat per annum in the State of Florida from We date when the principal and accrued interest under this Note shall be due and payable. The total interest payable hereunder shall not in any oae year exceed the highest lawful rate of intereat in the State of Fiorida. Thia Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. ~ The Maker agrees that it shall be bound by any agreement extending the time or modifying the above terma of i ~ payment, made by the Payee and the owner or owners of the property affected by said Mortgage. whether with or with- ; out notice to the Maker, and the Malcer shall rnntinue liable to pay the amount due hereunder. but with interest at a ~ rate no greater than the Interest Rate, according to the terms oE any such agreement of e:tension or modification. ~ The unpaid balanoe of the Principal Amount, pius accrued interest shall become due and payable at the option ot I ~ the Payee under the happening of an event hy which said balance ahall or may become due and payable under the terms ~ of said Mortgage. ~ This Note may not be changed orally, but only by an agreement in wtiting, signed by the party against whom en- forcement of any waiver, change, modification or discharge is sought_ ~ All parties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment for payment, demand, protest, notice of protest, and notice of dishonor, and e:preasly agree jointiy and severally to remain and continue bound tor t6e payment oi the principal and intereat provided for by the terms ot this Note, notwithstanding ~ any extension or extensions of the time of, or for the payment of said principal or interest, or any change or changes in the amount or amounta agreed to be paid under or by virtue ot the obligation to pay provided tor in this Note, or any ~ change or changes by way of release or surrender or substitution of any real property and collateral, or either, held 'as ~ security tor this Note. and w•aive all and every kind o[ notice of euch extension or e:tensions, change or changes, and ~ agree that the same may be made without t6e joinder of the Maker. a Addeess: 135 Alma Coust - Fort pierce, Flori.c~a ~3450 k~ " /s/ Marjorie D. Shotto ~ ~ ~ ~ x'~ ~ ; i ~ ~ ~ ~ 600X~?JV ~~UVD ~ flli/ !!7 - PRIdTI1C D7 QAIi ;r 44 ~ . . . . . . . ~ _ . ~ . . .