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HomeMy WebLinkAbout0945 ,vca~~tiFHTi MORTGAGE NOTE ~ Principal Amount: SSSOO.O~ Date of Note: Mf1Y'C~1 ZZ, 1975 Macuriey neee: Ten Yeare Interest Rate: 9~~ , Amortization Period: From tl,e day hereot to the Maturity Date. Instalment Payment: $71-.17 First Instalment Payment Date: Apr~l S~ 1975 , FOR VALL'E RECEIVED, the undersig~ed and if more than one, jointiy and se~erally (the ~Iaker), does hereb~• eovenunt and promise to pay to tt~e order of Sun ~ank of St. Lucie Countp or to its successors or assigns (collectively the Payee). at its principal office at 111 Orange A~e., Fort Pierce, Fia. or at such other place as the Ya}~ee may designate to the Naker in writing from time to time, in legal tender of the United States, the Principal. ~mount together w•ith interest at the Interest Rate on the unpaid balance of the Principal Amount. The sums due and owinR hereunder shall be payable during the Amortization Period in equal monthly instalments, each in the amount of the Instalment Payment, the (irst s~~ jnstalment Payment to be made on the First Instalment Payment Date and subsequent Instalment Payments on the day o[ each month thereatter until the 141~turity Date whereupon the entire unpaid balance ot principal and interest accrued and unpaid thereon shall become due and pay- able; each such instalment when paid shall be applied firat to the payment of intecest on the unpaid balance at the In- terest Rate and the remainder thereot to pt+yment on account of principal. If any Instalment Payment shall not be paid when due, then the entire principa! sum and acrrued internst 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 tor each one doilar ot each Instalment Payment not paid when due to reimburse the Payee for expenses of servicing delinquent Instalment Payments. Failure to eaemise these o~~tions shall not constitute a waiver of the right to exemise the same in the event of any subsequent default. It is further agreed that the Maker and each endorser, surety, guarantor, joinNy and severnlly, shall pay all costs of collertion of this Note, including a reasonable attorney 4 fee, on [ailure to pay any Instalment Payment or :~ny accrued ; interest due hereunder on the due date thereof. This Note and a!t sums due hereunder shall bear interest at the highest lawful rate o[ interest per annum in the State of Florida from the date when the principal and accrued intPrest under this Note shail be due and payable_ The total interest payable hereunder shall not in any one year exceed the highest ~ lawful rate of interest in the State of Florida. ' ~ ~ This Note is secured by a Mortgage, dated the date hereof, of pmperty situated in the State of Florida. ~ The hiaker agrees that it shall be bound by any agreement extending the time or modifying the above terms of ~ payment, made by the Payee and the owner or owners o[ the property atfected by said Mortgage, whether with or with- s • out notice to the Maker, and ihe Maker shalt continue liable to pay the amount due hereunder, but with interest at a ~ rate no greater than the Interest Rate, accordinR to the terms of any such agreement of extension or modification ~ i ~ The unpaid balance of the Principal Amount, plus amrued interest shall become due and payable at the option of ~ the Payee under the happening of an event by which said balance shaU or may become due and payable under the terms ; of said Mortgage. ~ ? This Note may not be chanqed orally, but only by an agreement in writing, si~;ned by the party against whom en- f [orcement of any waiver, change, modification or discharge is sought. ~ A11 parties to this Note, whether Maker, principal, surety, Ruarantor or endorser, hereby waive presentment for £ payment, demand, protest, notice of protest, and notice of dishonor, and ezpressly aqree jo~ndy and severally to remam ' and continue bound tor the payment of the principal and interest provided for by the terms ot this Note, notwithstanding ~ any extension or extensions of the time of, or tor the payment of said principal or interest, or any change ~r changes in the amount or amounts agreed to be paid under or by virtue of the obligation to pay pmvided for in this Note, or any } change br changes by way of release or surrender or substitution of any real property and collateral, or either, held as security (or this Note, and Kaive al! and every kind ot notice of such e:tension or extensions, change or chanRes, and ~ agree that the same may be made without the joinder of the Maker. Y° Addres8: Routa l, ~ox 353 ' Port Pierce, Florida 33450 a /s/ Hollis H. Crowell ~ _ /s/ Arlene I. Crowell ~ ~ ao~ 237' 944 ~tar ~2s - e:.r.r::~-; sr hE1ar 'A , b ;,I n ~e ~ ' Y!~'^~SW+ - _ b trX~,. ~~R'r-tSY.-X'ar. s. _ . _ . _..e ~.MZ'~`•, ..:4~v ,~~L'+'~~~.,._~..'~-.. _ . N. _ w~~Y'