The URL can be used to link to this page

Home My WebLink About2204 ~PfNw~NEMT1 MORTGAGE NOTE Principai Amount: ;SO~ OOO. 00 Date at Noce: March 21, 19?5 l4ta~uriey Dace: Tea Year~ Interest Rate: ' $ ~ ~j Amortitatio~ Pe~i~xi• Fmm fhe day hewnt to tF~ Matu?ity nate. Instalment Payment: s(~ 19. ~j4 First Instalment Payment Date: Ap2'~l 1. 1975 FOR VAI.L~E RECEIVED, the undersigned and if more than one, jointly and severally (the \taker). dces hereby • co~•enant and promise to pay to the order of Sun Bank of St. Lucie County or to its successors or assigna (collectively the I'ayee), at its principal office at lll Orange A~e., Fort Pierce, Fla. or at such other place as the ~ayee may designate to the \taker in W riting from time to time, in legal tender of the United States, the Principal Amount together wtith interest at the Interest Rate on the unpaid balance of the Principal Amoun~ The sums due and owinA hereunder shall be payable during the Amortization Period in equal monthly insWlmente. each in the amount ot the Instalment Payment, the first such Instalment Payment to be made on the First Instaiment Payment Date and subsequent Inatalment Payments on the tirst day ot each month thereatter until the Maturity Date whereupon the entire unpaid balance o( priqcipal and interest accrued and unpaid thereon shaU become due and }xiy- able; each such instalment when paid shall be applied fitst to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereot 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 themafter, at the option of the holder ot this Note. The Payee may, at its option, collect a late charge not to exceeti two cents for each one dallar of each Instalment Pa_vment not paid when due to mimburse the Payee for expenses of servicing delinquent Instalment Payments. Failure to exercise the.se options shall not constitute a waiver of the right to e:ercise the same in the event of any subeequent de[ault. It is further agreed that the Maker and each endorser, surety, guarantor. jointly and aeveraUy, shall pay all co~ts of collection of this Note, including a reasonable attorney's fee, on failurn to pay any Instalment Payment or any accrued ~ interest due hereunder on the due date thereof. Thi4 Note and all sums due hereunder shall bear interest at the highest lawful rate of interest per annum in the State of Florida from the date when the principal and accrued intetest under ~ this Note shall be due and payable. The total interest payabte hereunder shall not in any one year e:ceed the highest . ~ lawtul rate of interest in the State of Florida. E E This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. The D3aker agrees that it shall be bound by any agreement extending the time or modifying the above terms of € payment, made by the Payee and lhe owner or ovmers of the ptoperty affected by said Mortgage, whether with or with- ~ out notice to the Maker, and the Maker ahall continue liabie to pay the amount due hereunder, but with interest at a ~ rate no greater than the Interest I2ate, according to the terms of any such agreement of eztension or modification. ~ ~ The unpaid balance of the Principal Amount, plus acrrued interest shall become due and payable at the option of ~ the Payee under the happening of an event by which said balance shall 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 writing, signed by the party against whom en- ~ torcement oE any waiver, change, modification or discharge is sought. ~ All parties to this Note, whether hiaker, principal, surety, guarantor or endorser, hereby waive presentment for ~ payment, demand, protest, notice of protest, and notice of dishonor, and e:preasly agree jointly and severally to remain ~ and continue bound tor the payment of the principal and interest provided for by the terms of this Note, notwithstanding ``t an extension or extensions o[ the time ot, or for the ~ y payment of said lpriocapal or interest, or any change or changes in < the amount or amounts agreed to be paid under or b virtue of tt~e obli ation to y g pay provided tor in this Note, or any change or changes by way o[ rnlease or surrnnder or substitution of any real property and collateral, or either, held as : security for this Note, and w~aive all and every kind of notice of such eztension or e:tensions, change or changes, and ' ; agree that the same may be made without the joinder of the Maker. ; ~ ~ ~ - / s / C. R. Cambron ~ _ y s - ~s' Beverly R. Cambron } /'s/ Leonard Berg _ /s/ Peggy W. Berg ~ ;i; 800X ~7 PAf,E~G.~G?QZ - F:,.91 ?2! - ihllilY BT ~APl ~ sa~ t„1 i~f :,~.5, . . . _ . _ _ . . . _ ' " ' _ . _ _ . _ _ ' _ ' _ ~ . . ' : ~ . ~ ~ _ . . " . , . . . . . _ . _ - , . i