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HomeMy WebLinkAbout0220 1?tAYAN[Ntl i ~ MORTGAGE NOTE PriACipal Amoune: 7Z00.00 nate ot tvoce:~~t Z5. 1975 Maturity nae~: Ten Yea~cs Intsreat Race: 9~ _ Amorci:atioo Period: F~om tbs day hereof to ehe-Maturity Date. Instalment Payeneat: $91. Zl • . _ F'irac t,i.talaaent PaymeAt n~te: Oot~obo= 19?5 . FOB VALUE RECEIVED. the underaigned and if more than one~ jointlq and severally (the Maker)~ does hereby covenant and promiae to pay to the order oi Sun Bank oi S~ Lucie County or to ita successors or asaigna (eollectively U?e Payee). at its principal of8ce at 111 Orange Ave.~ Fort Pierce. Fla. or st euch other place as the Payee raay designate to the Maker in writing irom time to tlme, in legal tender oi the United States. the Principal Amount together with interest at the Interest Rate on the unpsid baLnce o! the Principal Amounk The aums due and owuu bereunder ahall be payaWe durins the Amortization Period in equal monthly instalments. ~ch in the amount ot the Instalmeat Paymenk the first such Instalmea! Payr~nt to be made on the Firat Inatalment Payment Dafs and subsequent Instalment Paymeats on the [irst day of e~ch month t6ereafter unW the Matutity Date whereupon the eatire unpaid baianee ot principal and interest accrued and unpaid tLereoa sball become dae and pay- able; each auch instalment ahen paid ahall be applie~l fizat to the payment of interest on the unpaid balance at the In- tereat Rate and the remainder thereot to payment on account of principal. IE any Inatalment Payment ahall not be paid when due. thea the entire principal aum and accrued intereat here- under ahall become due and payable at onoe or tbereafter. at the option of the holder ot this Notc. Tbe Payee may, at ita option. collect a late charge not to ~oeed two cents for each one dollar of ea~ch Instalment Payment not paid when due to reimburse the Payee for e:penses oi servicin8 delinquent Instalment Paymenta. Feilure to eurciee theee options aball not rnastitute a waiver oE the sight to e:ercise the same in the event of sny subsequent defaulk It is further agreed that tbe Maker and each endorser. surety. auerantor. jointly and severallY. ahatl P~aY all costs of collection of thia Note. includiag a rwonable attorney's fee. on tailure to pay any Instalment Payment or any aocrued interest due hereunder on the due date thereof. 'I'his Note and aU aums due hereunder ahall bear interest at the highest lawful rate of interest per annum in the 3tate of Florida fmm the date when the principal and aocrued iatereat under thia Note ahall be due and paYable. T6e total intcreat payable bereunder shall not in any one year e~ccc~ed the bi~hest lawful rate of intereat in the 3tate ot Florida. - This Nole is secured by a Moctgage. dated the date-hereof, oi pmpertY eituated in the 3tate of Florida. - The Maker agrees that it ahall be bound by any agreement e:tending the time or moditying tbe above ternna of payment. made by the Payee and the owner or ownera of the propertY sifected bY said Mortgage. whether with or with- out notioe to the Maker. a~ the Maker shall continue liable to pay the amount due hereunder. but with intereat at a i rate ao greater than the Intcreht Rate. socording to the terme oE any auch aBreement ot e:tension or modif'ication. i j The anpaid balance of the Principal Amount, plus accnied interest ahall become due and payable at the option of i the Payee under the happeaing of an eveat by which said balancE ahall or may beoome due and payable nnder the terms of said Mortgage. ~ t in wri ~ si b the againat whom en- This Note may not be changed oraliy. but only by an agreemen hng, 8ned Y PartY forcement oE any waiver. change, modification or discharge is sought- All partiee to this Note, whether Maker. principal, surety, guarantor or endotser. hereby waive pteaentment for payment, demand. protest, notice oE pmtest, and notice of diahonor, and e:pseesly a8ree joinUy and eeverally to remain and rnntinue bound tor t6e payment of the princip~al and interest pmvided (or by the terms of this Note. notarithstanding any e:tension or eztensions of the time ot, or (or the payment of aaid principal or interest. or any change or changea in the amount or amounts agreed to be paid under or by virtue of t6e obligatioa to pey pmvided for in this Note. or any change or changes by way of release or aurrender or subetitution of any real property and collsteral. or either, held as security for thia Note. and v?aive all and every kind ot notice ot such eztension or e:tensione. change or changea. and agree that t6e same may be made withot?t tbe joinder of tbe "Maker. ~ ~ add~c~ss: 5006 Srmsst 9ouls'rard Fort pir~cce. 1~Irorida 334g0 ~ . . 'a ~ /s/ Sarah Barager Campbell ~ /s/ William W. Campbell ~ BoaK 243 P~~ 220 r~ ~:i - Pxzerrr, n ~ . - - ~ _ K:~ _