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HomeMy WebLinkAbout1461 1?ERYAtiENt/ MORTGA~E NOTE Principal Amount: ~15~ 000. ~t~ Date of Nota: Maturity Date: t5 y~ars Interest Rate: 9~ Amortisation Period: ~om the day hereot to the Maturity Date. Instalment Payment: ~152. l4 Fieat Inatalment Payment Date: Jut~e 12. 1975 FOR VALUE RECEIVED, the undersigned and if more than one. jointly and severally (the 1liaker), does hereby co~enant and prnmise to pay to the order of Sun Bank of S~ Lucie County or to ita successors or assigns (collectively the Payee). at its principal . office at 111 Orange Ave., Fort Pierce, Fla. or at such other place as the Payee may designate to the Maker in ~rriting tmm time to time, in legsl tender of the United States~ the Principal Amount together with interest at the Interest Rate on the unpaid balance of the Principal Amounk 'I'he sums due and owinR hereunder shall be payable during the Amortization Period,in equal monthly inetalmenta. each in the xmount ot the Instalment Payment, the tirat such Inatalment Payment to be made on the First Instalment Payment Date and aubeequent Inatalment Paymenta on the 1 a~iay ot each month thereatter until the Maturity Date whereupon the entire unpaid balance ot priqcipal and intereat accrued and unpaid t6ereon shall become due and pay- able; each such instalment when paid shall be applied Grst to the payment of interest on t6e unpaid balance at the In- terest Rate and the remainder theteof to payment on account of principal. ' If any Instalment Payment shall not be paid when due. then t~e entire principal aum aad accnied interest here- under shall become due and payable at oncP or thereafter. at the option of the holder of this Note. Tbe Payee may, at its option, collect a late charge not to e:ceed two centa for each one dollar of each Instalment Paymenl not paid when due to reimburse the Payee for ezpenses of aervicing delinquent Instalment Payments. Failure to e:errise these options ahall not constitute a waiver of the right to e:ercise the same in the event of any subaequent delsult It is further agreed tbat the Maker and each endozser. surety. guarantor. jointly and severally. ahall pay a!I costs o[ rnllection ot this Note. including a reasonable attorney's fee. on [ailure to pay any Inetalment Payment or any accrued interest due hereunder on the due date thereof. Thia Note and all sums due hereunder shall bear interest at the highest lawful rate of interest per annum in the State of Florida fmm the date when the principal and accrued interest under this Note shall 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. Thia Note is secured by a Mortgage, dated the date hereof, of pmperty situated in t6e State of Florida. ; The Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above tetms of 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 Maker shall continue liable to pay the amount due hereunder, but with interest at a C rate no greater than the Interest Rate, according to the terms of any auch agreement of e:tension or modification. ~ The unpaid balance of the Principal Amount. plus accrued intereat shall become due and payable at the option of the Payee under the happening of an event by which said balanee ahall or may become due and~payable under the terms ~ of said Mortgage. g ~ This Note may not be changed orally. but oaly by an agreement in wtiting, signed by che party against whom en- ~ torcement of any waiver. change, modification or diachaYge is sought. All parties to this Note, whether Maker, principal, surety, guarantor or endorser. hereby waive preaentment for ~ payment, demand, protest, notice of protest, and notice of diahonor. and ezpressly aqree jointly and severally to remain and continue bound tor the payment of the principal and interest provided tor by the terma of this Note, notwi4hstandiag ~ any extension or e:tensions of t6e time of, or tor the payment of said principal or interest, or any change or changes in ~ t6e amount or amounts agreed to be paid under or by virtue of the obligation to pay provided [or in this Note, or any ~ change or changes by way of release or surrender or subatitution of any real property and collateral, or either, held as ~ security for this Note, and v?aive all and every k'snd ot notice of such e:tension or eztensions. change or changes, and s agree that the eame may be made without the joinder of t6e Maker. E ~ : ~ i ~ 'o • a ~ / s / Nick Constant ~ - ~ ~ ~ ~ ~ ~ ~ ~ aoo,c239 ~14~? ~ ! ~ 4 C~ ~ ICYN Dt7 . PW11UG Q7 dAli ~ ` y~ ~ ` ' - - ~ - - ~ ~ e~~=~~.-..._.._~_." ..~_~y. . _ r~': . , ~ ~ V .