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.
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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. '
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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.
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