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HomeMy WebLinkAbout1873 ~YERMaNEN71 MORTGAGE NOTE Principal Amount: ~7~ 500.00 Date of Note: ~~ril l7~ 1~75 Ma~urity Daee: Ten Years Interest Rate: 8~,e~ Amortization Period: From the day hereof to the Maturity Date. 1 Instalment Payment: 392.99 First Instalment Payment Dnte: JuIIe l. 1975 FOB VALUE RECEIVED, the undersigned and if more than one. jointl~ and severally (the ~iaker). does hernby covenant and promise to pay to the orde~ of Sun Bank of St. Lucie Count~ or to its successors or assigns (collectively the Yayee), at its principal oftice at 111 Orange A~e.. Fort Pierce. Fla. or at such other place as the Payee may designate to the Maker in Hriting from time to time. in legal tender of the United States, the Principal Amount together With 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 instalments. each in the nmount of the Instalment Payment, the tirst such Instalment Payment to be made on the First Instalment Payment Date and subsequent Instalment Payments on the first day of each month thereatter until the Maturity Date whereupon the entire unpaid balance of priqcipal and interest accrued and unpaid thereon shall become due and pay- able; each such instalment when paid shall be applied first to the payment ot interest on the unpaid balance at the In- terest Rate and the remainder theteot to payment on account of principal_ If any Instalment Payment shall not be paid when due, then the entire principal sum and acctued intetest 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, coliect a late charge not to e:ceed two cents for each one doltar of each Instalment Payment not paid when due to rnimburse the Payre tor expense3 of servicing delinquent Instalment Paymenta Failure to exercise these options shaU not constitute a waiver of the right to exemise the same in the event of any subsequent default. It is further agrec~l that the Maker and each endorser, surety, guarantor, jointly and severally, shall pay all costs of collection of this Note, inctuding a reasonable attorney's fee, on [ailure to pay any Instalment Payment or any amrued interest due hereunder on the due date thereof. This Note and all sums due hereunder shall bear interest at the highest law(ul rate of interest per annum in the State of Florida from the date when the principal and accrued interest unoer this Note shall be due and payable. The tota! interest payable hereunder shall not in any one year exceed the highest lawtul 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. 1'he Maker 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 af[ected by said Mortgage, whether with or with- out notice to the Maker, and the Maker shalt continue liable to pay the amount due hereunder, but with interest at a rate no greater than the Interest Rate, acrordinR to the terms of any such agreement of extension or modification. The unpaid balance of the Principal Amount, plus accrued interest shall become due and payable at the option of the Payee under the happeninq of an event by which said balance shatl or mav become due and payable under the terms of said Mortgage. ; This Note may not be changed orally, but only by an agreement in writing, signecl 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:pressly agree jointly and severally to mmain ~ and continue bound for the payment o( the principal and interest provided tor by the terms of this Note, notwithstanding any extension or extensions of the time ot, or for the payment ot said principal or interest, or any change or changes in ~ the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided for in this Note, or any ~ change or changes by way of rnlease or surrender or substitution of any real property and col)ateral, or either, held as security for this Note, and w•aive all and every kind of notice of such estension or eztensions, change or changes, and ~ agree that the same may be made without the joinder of the Maker. t / s / Jane Chaney ~ ~ ~ ~ ~ t ~ ; ~ ~ e0ox 2J0 PACi 187~ ~ ~ ~ F!~3AI )IJ - FhIY^i.Y P7 .iTA9i s. ' ~ _'e ~'~ff'x a. . ' _ _ ' ~ V ~``r`~-~r ~ ~ -i ' x''w- . . ~