HomeMy WebLinkAbout1444 ~~ERMAN(NT/ ~
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MORTGAGE NOTE ' ~ ~
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Psincipal Amount: ~~5~~~•~ Date ot Note: s~~= S~ 1~75 ~
Maturity Date: ~ ~i~ ~ti~
Intarest Rate: ~s
Amortirstion Period: From the day hereof to the Maturity Date. ~
Instalment Payment: =3j~.i7 lOi~ 120 ~oe~tbs ti1t1= i pi~qtt dus Om t~ 110td
p~a~sat to~ t1r s+~ising eal~a~o~
Firat Instalment Payment Date:
rar~b.~c 2, ll7s
FOB VALUE RECEIVED, the undersigned and if more than one. jointly and sevesally (the 1?iaker)~ dcea hereby
covenant and promiae to pay to the order of Sun Bank of St Lucie County or to its successors or assigns (collectively the
Payee)~ st ita principal office at 111 Orange Ave.~ Fort Pierce. Fla. or at such other plaee as the Payee may deaignate
to the Maker in ~criting fmm time to time~ in legal tender of the United States, the Principal Amount together with
interest at the Interest Rate on the unpaid balance of the Principal Amoun~
The suma due and owinR hereunder ahaU be payable dnring the Amortizatioa Period in equal monthly inatalments.
each in the amount of the Inatalment Payment, the titat such Inatalment Payment to be made on the Firat Instalment
Payment Date and subeequent Inatalment Payments on the tirat day_ ot each month therea(ter until the Maturity Date
whereupon t6e entire unpaid balance of principal and inteteat accrued and unpaid thereon shall bec,~ome due and pay-
able; each auch inatalment when paid shall be applied ticat to the payment of interest on the unpaid balance at the In- _
terest Rate and the remainder Wereof to payment on account of principal.
IE nny Instalment Payment shall not be paid when due. then the entire principal sum and accrue~ intet+est here-
under ahall become due and payable at once or thereafter. at the option of the holder of this Note. The Payee may. at
its option, collect a late charge not to e:ceed two cents tor each one dollar of e~ch Inatalment Payment not paid when
due to reunburee the Payee tor e:penses of servicing delinquent Instalment Paymenta. Failure to e:erciae theae optiona
shall not conatitute a waiver of tbe right to e:ercise the same in the event of any aubaequent default
It is turther agreed that the Maker and each endoreer, surety. guarantor. jointly and eeveraUy, ahall pay all coete of
collection of this Note, including a reaeonable attorney's fee, on failure to pay any In~talment Paymeat or any acciued
intereat due hereunder on the due date thereof. Thia Note and all sums due hereunder shall bear interest at the highest
lawtul rate of interest per annwn in the State of Florida trom the date when We principal and accrued interest under
this Note shall be due and payable. The total interest payable hereunder shell aot in any one year e:ceed the highest !
lawful rate of interest in the State of Florida. `
Thia Note ia secured by a Mortgage. dated the date hereof, of property situated in the State of Florida. ~
T6e Maker agrees that it shall be bound by any agreement eztending the tia~e or modifying the above terma of ~
payment, made by the Payee and tUe owner or owners of the pmperty affected by said Mortgage, whether with or with-
out notice to the Maker, and the Maker shall rnntinue liable to pay the amount due hereunder. but with interest at a ;
rate- no gre~ter than the Intereat Rate, according to the terms of any such agteement of e:tension or modification. ;
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The unpaid belance of the Principal Amount. plus accrued interest ahall become due and payable at the option of i
the Payee under the happening of an event by which said balance shall or may beco~ due and payable under the tet~ns ~
~ of said Mortgage. ~
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E This Note may not be changed orally. but only by an agreement in writing, signed by the party againat whom en-
~ forcement of any waiver, change, modification or discharge is soughi
~ All partiea to this Note, whether Maker. principal. surety, guarantor or endorser. hereby waive presentment for
payment, demand, protest, notice oE protest. and notice of diahonor. and ezpresaly agree jointly and ~everally to remain
and continue bound for the payment of the principal and interest provided tor by the terma of this Note. notwithatanding
any eztenaion or extensions of t6e time of, or tor the payment ot eaid principal or intereat. or any change or changea in
~ the amount or amounta agreed to be paid under or by virtue of We obligation to pay pmvided for in t6ia Note, or any
~ change or changea by way of _release or sarrender or sabstitution of any real property and collateral. or eilher, held as
security tor this Note, and v?aive ali and every kind ot notice of such e:tension or e:tenaions. change or changes, and
~ agree that t6e same may be made without tbe joinder of the Maker.
~ i007 Ol~= ~NS~M
: T~ort li~ro~, lLo~rid~a ~3~50 . -
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~ /s/ Rodney James Miller
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~ - /s/ Dania Darlene Miller
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~ so~K243 PAGE1444
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~ rnwv ss~ - Prusrtr e~ ~us
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