The URL can be used to link to this page

Home My WebLink About1000 . } ~rERMAN[HTI i ~ MORTGAGE • NOTE ~ ~ ~ ~ Principal Amo~nt: Date oi Note: ~uly 3Q. 1'~75 { ;il~ ~ l1')J. ~J7 ~ i Maturity Date: a IU yea.rs ~ Intereat Rate: Amortisation Period: fl~om the day l~ereot to the Maturity Date. Instalment Payment: $lyu.3ti Firat Instalment Payment Date: 3ept. 1. 2975 FOR VALUE RECEIVED, the undersigned and if mote than one. jointly and aeverally (the :lfaker), dces hereby covenunt and prnmise to pay to the order of Sun Bank of S~ Lucie County or to its successors or asaigns (collectively the Payee). at its principal of~ce at 111 Orange A~e.. Fort Piene. Fla. or at such other place as the Payee may designate to the ~daker in vvriting from time to time, in legal tender of the United States, the Principal Amount together vk7th interest at the Interest Rate on the unpaid balance of the Principai Amounk. The auma due and owinR hereunder ahall be payable during the Amortization Period in equal monlhly instalmenta, each in the amount of the Instalment Payment. the iirst such Instalment Payment to be made on the First Instalment Payment Date and subeequent Inatalment Paymente on the fiest cay of each month therea[ter until the Maturity Date whereupon the entire unpaid balance ot principal and interest accrued and unpaid thereon shaU become due and pay- able; each such instalment when paid ahali be applied titat to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereof 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 onoe or thereafter, at the option of the holder oi this Note. The Payee may, at its option, collect a late charge not to e:ceed tvro cents for each one dollar of each Instaiment Payment not paid when due to reimburse the Payee for e:penses of servicing delinquent Instalment Payments. Failure to e:ercise these options shall not conatitute a waiver of the right to exerrise the same in the event of any aubs~uent default. It ia further agreed that the Maker and each endoraer, surety. guarantor. jointly and ee~•eraliy, ahall pay all costs of collection of this Note, including a reasonabte attorney's fee; on faiture to pay any Instaiment Payment or any accrued interest due hereunder on the due date thereof. Thia Note and all sums due hereunder shall beaf interest at the highest lawful tate of interest per annum in the 3tate of F7orida from the date when the principal and acrrued interest uAder ~ this Note shall be due and payable. The total interest payable hereunder shaq not in any one year e:ceed the highest lawful rate of interest in the State of Florida. This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. ~i T6e Maker agrees that it shall be bound by any agreement extending the time or modi[ying the above terms of I payment, made by the Payee and the owner or owners of the property atfected 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 ! rate no reater than the Inter+est Rate. according to the terms of an such n K y greement of extension or modiCcation. ~ i 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 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 agreetnent in writing, 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 endoraer, hereby waive presentment for payment, demand, protest, notice of protest, and notice of dishonor. artd e:pressly agree jointly and eeverally to remain i and continue bound tor the payment o[ the principal and interest provided tor by the terms of this Note, notwithstanding any eztension or extensions ot the time of, or for the payment of said principal or interest, or any change or changea in the amount or amounts agreed to be paid under or by yirtue of the obligation to pay provided tor in this Note, or any change or changes by way oE release or surrender or substitution o! any real property and collatetal, or either, held as security tor this Note, and v?aive all and every kind o[ notice o( such e:tension or extensions, change or changes, and agree that the same may be made without the joinder ot the 1?iaker. ~ ' ~ Privi2~ye of ~repayr~~ent flf anl as~ount at ~ ~ any tLT.e is :ierel~}/ qf ven witi:out ~~nalty. i ~ ~ ~ ~ • _ ~ i~ ~ ~ . ~ ~ - ~ ~ BOOK ~4~ PACEIOVI t^-.~n ~ts - Pp.zrrtr, er ~uar .~w ti~.:: ~ . . . _ r ~ - . ~?~c~ ~ ~ Fr~- ~ s ~ +-~.2 p . ~ n , ~ ~ , 4~. - _ e . . _