HomeMy WebLinkAbout2328 ~?[AYAMCNTI
MORTGAGE NOTE
Pr~ACipa1 ~?mount: ~30,000.00 No~°: S~p~]c 1975
Maturity Date: ~a Y~~
Interest Rate: sljt -
Amortisation Period: Ftom the day hereot to the Maturity Date.
Instalmcnt Payment: jZ9s.~3 a10~lhlY #OlC 119 ~IO~nth~ ~11tb th~ s~i~1J~3Aq bal~
ot aot~ pl~ inb~cest 8u~r cn l2~t 1ZOth pay~wnt.
F'irst Instalment Payment Date:
Jaauasy 10, 197t
FOA VALUE RECEIVED. the undersigaed and ii more than one. jointlq and aeverally (the Maker). dcea hereby
covenant and psomise to pay to the order o! Sun Bank of St I.acie County or to ita succesao:s or aesigna (collectively the
Payee). at its principal office st 111 Orsnge Ave.. Fort Plerce, Fla or at such other place as the Payee may deaignate
to the Malcer in writing from time to time, in legal tender oi the United Statea, the Principal Amount together with
intereat at the Intenat Rate on the unpsid balanee oi the Prlncipal Amounk .
The sums due snd owiiu~ hereunder ahall be paYable durin8 the Amorti:etion Period in equal monthty instalments,
each in the amount of tbe Instalment Payment, the tirst suc6 Instalment Payment to be made on the Firat Instalment
Payment I?ate and snbsequent It~stalmenC Paymeab on tbe tiist day ot each moAW iherea[ter unW the Maturity Date
whereupon the entire unpaid balance ot pri~cipal and interest acc~ued and unpai~thereon a6a11 become due and pay-
able; each such instalment w6en paid shall ~e applied ~rst to the payment oE intereat on t6e unpaid balance at the In-
terest Rate and the remainder thereot to payment on account of principal.
If any Instalment Payment shall not be paid when due. ther? the entire principel sum and aocrued interest here-
under ahall become due and payable at onoe or the~eafter: at the option of the holder of this Note. Tbe Payee anay. at
its option. rnllect a late charge not to e:ceed two oeats for each one doliar ot ~ch Inatalment Payment not paid when
due to reimbttrse tLe Payee for ezpenses ot setvicinB delinquent It~stalmettt Paymenta. Failure to exercise theee optiona
shall not conatitute a weiver of the right to e:ercise the same in the event of any aubeequent default
- , -
It ia further agreed that the Maker and each endorner. surety. guarantor. jointly and severally. ahall pay all costa of
collection of tl~ia Note. iacluding a reasonable attorney's fee. on failure to pay any Instalment Payment or any accrued
intereat due hereunder on the due date thereof. This Note and all suma due hereunder ehall bear intereet at We higheat
lawful rate of interest per annum in tbe 3tate ot Florida from tbe date when the principat and aocrued interest under
this Note shall be due and payable. 1be total intereat payable hereunder shall not in any one year e:ceed the higheat
Iawful rate of interest in tbe State of Florida.
Thia Note ia aecured by a Mortgage, dated the date hereof, of property aituated in tLe $tate of Florida.
The Maker agreee that it shall be bound by any agreement e:tending the time or modifying the abave terms of
'i payment. made by the Payee and the owner or owneis of the pmperty affected by said Mortgage, wbether with or with-
~ out notioe to the Maker, and the Maker ahall rnntinue liable to pay the amount due bereunder, but with interest at a
r rate no gr~ter that~ the Interest Rate, aocording to the terma of any such agreement of e:tension or modif~ication.
f
'E The unpaid balance of the Prinripal Amount, plua accrued interest shell become due and payable at the option of
€ the Payee under the happening ot an event by which said balance shall or maq become due and payable under the terma
~ of eaid Mortgage_
~ This Note may not be changed orally, but only by an agreement in writing. signed by the party against whom en- -
foirement of any wsiiver, change, modification or discharge ia aought
All pattiea to this Note, whether Maker, principal, surety, guarantor or endoreer. hereby waive preaentment for
payment, demand. protest, notice of pmtest, and notice of dieUonor. aad ezpressly agree joindy and severally to remain
and rnntinue bound tor the payment ot the principal and interest pmvided for by the terms of thie Note, notwithstanding
any eztenaion or eztensiona of t6e time of. or for the payment of said principal or interest. or any change or changes in
t6e amount or amounta agreed to be paid under or by virtue of the obligation to pny provided for in thia Note, or any
c6ange or changea by way of rPlease or surrender or sabatitution of any real propetty and collateral. or either. held as
aecurity for this Note, and waive all and every kind ot notice o( auch eztension or e:tenaions, change or changes, and
agree that the same may be made wit6out the joinder of tbe Maker.
1806 Msat BootL Drive
Fort pf~roa, Fl,orida 33450
}
35
/
~ /s/ Irene Crist
~
~ eo~243 P~23~8
rt~ srt - qetats~ s~ ~ua
, ~ a» r.«~~ ~~~s~ ~~:r _ _ ha-~...
~ -
`G;~~=