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HomeMy WebLinkAbout0324 1?~AMAN[NTI ~ MORTGAGE NOTE . ~~c: n~.~ ~r No~: S5.OOO.UO Auguat 22, 1975 Maturity Date: 10 years Interest Rate: ~os Amortisation Periad: I~~wa tbe dsY bereot to t6e Maturity Date. In.taln~ene Payment: $66.08 per month ~giaa3nq Septr.r~cr 22. 197~ - Fiat Instalineat Pe,yment Date: 9-22-75 FOIi VALUE RECEIVSD~ the undersigaed and ii awre tban one. f ointly and severaU~ (the Maker), does henbq covenant and promise to pey to the order of 3ua Bsnk of Sk Lueie Cov~nty or to ttd suooeswn or assigna (eollectively the Psyee), st its prlaefpal ofiiee ~t 111 Onnge Ave.. Fort Aerce. Fls. or s! auch other plaea as the Psyee msy daignste to the Maker in writing from time to time. in legal tendes o~ the United Ststes, the Psincipsl Amount together wlth interest st thc Interest Rate on the unpa~d balanee oi the Principsl Aaaunt '1Le suires doe and owin~~ hereunder shall be .payab~ee durina tbe Amortisatioa Period in equal asonthiy instalmenb. ~cl~ in tLe amount of tLe Inatalment Payment, the fireR wcb Imtalment Paymeai to be msde on the I~iat Instalment P~yment Date and subsequent In~felment Paymenb on tbe Cud day of each moat6 t~eraafter until t6e Maturity Date - whereupon t6e entire unpaid b~alanoe of pziqciPel and intee+e~t acceued and unp4id t6ereon shall beoome due and PaY- able: eac6 such inaalment wben peid sball be applied t'~rd to tbe payment of intesed on tLe unpaid balanoe aL the Ia- tereat Rate and tbe remainder thereof to payment on acoount oE principal. IE any Inatalment Payment ahall ~t be paid wben due. then the entire psi~ipa! sum and a~ec~ed int~reat Lere- under sball become due and peyabie at onoe or ther~fter, at tl~e option ot the holder of this Note. Tbe Payee usay, at - ita option, collect a late charge not to ezoeed two oents for each o~ dollar ot esd~ Iastalmarit Payment not paid w~hen due to reimburee the Payee for ezpeaaes oE senricins delinqnent Instala~eat Paymeab. Faiture to eurcise these optioa~s shall not- oonstitute a waiv~er of tbe right to ezet+ciee the saaie in the ev~t of any s~b~equmt defaul~ It is further agreed that the Maker and e~cb eadorser. a~uety. guarantor. joinUy a~ see~eraUy. a6e11 pay all cwts of - collection of thia Note, i~luding a reasonaWe attorney'a fee, on failure to pay anp Instalmeat Payment or any aocsued interest due hereunder an the due date thereof. Tf~is Note aad aU sums due bsreunder ahall b~r interest at the higheat t lawful rate of interest per annum in t6e 3tate oE Fforida tran tbe date when the princ~al and aociued interest un~er thia Note shall be due aad payabie. The toW intenst payable }~ereunder ahall not in any one year e:eeea tLe highest lawful rate ~ interest in tl~e State of Ftorida. This Note is secured by a Mort~e, dsted the date hereof, ot Property? situated in tl~e 3tate ot Ftorida. • T6e Maker ag~ that it shall be bound by any agreement e:tendins We time or modifying tbe abo~ve tesms of Pa3?ment. made by the Payee and tLe owner or awners of the Properh? affected by said Mortasge. wbetber wntl~ or with- ; out aotioe to the Maker. and tt~e Maker aLall oontinue liable to pay tbe amount due bereunder. bnt with intenst at a rate no greater than the Interest Rate. socording to We termn of any such a~o~t of e:tensia~ or modif'~catio~t. The unpaid balanoe of the Principal Amounk plus socrued 'mterest aball becon~e due and pe3?able at the oPti~ ot the Payee under tbe haPPenin6 of an event by which said balanoe shall or ma~ become due and peyable under tbe terms oE said Mortgage. ' i This Note may not be changed orally, but only by an agreement in writing, sigoed by t6e party against wbom en- . I forcement of any waiver, change, modiCx~ation or discharge is sought . I! ~ ` ~ I AU parties to thia Note, whether Maker. principal. surety, gnaren:or or endorser. hereby waive preeentment for ~ E PaY+~nk deamnd. Proteat, notice of pmtest, and notioe of dishonot. and e:P~Y a6~ loiatly and severaUy to remain : i and rnntinue bound for the paytnent o[ the principel and intereat prnvided Eor by the terms of this Note. notwithstanding any e:te~ion or eztenaions of the time of, or for tbe paymeat o[ said priacipal or interest, or any chsnse or c6anges in the amount or amounts agreed to be p~eid undet or by virlue of the oblisation to psy provided for in this Note, or any c6ange or changee by way o[ releaee or aurrender or wbstitution of any real property and rnllaterat. or eitber, held as ~ security for t6is Note, and waive sU and every kind of notice of a~ch e~ension or ertensions, change or changes, and { sgree t6at the same may be made without tbe joinder of the Maker. 0 r ~ ~ ~ P O Boz 1412 s Fort Pierce, Fla. 33450 ~ ~ ~ ~ ~ ' $Dalt ~~J PACf J~,~ ~ ~ ~ xwr ssa - r~rtsrr~c n w ~ _ _ . _ ~ -'p . " ~,~~~~.~k Ai- i9"~i ,W11~.~y:~. ~ _ - ( . . '+F' . 4 _ 1'~„ e ~~;-~"a _ . _ _ . ~.,.tr . _ . . _ .