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HomeMy WebLinkAbout0525 ~?ERMAN[NTI . • MORTGAGE NOTE ~~;rat A~~t:s 15, 000. 00 nac~ of Note: ~ptO2ribeY 17. 1975 Maturity Date: T~ YOasa Interest Rate: 8 ~ ~ Amortization Periad: From the day hereof to the Maturity Date. - Instalment Payment: ~185.98 IYfODL~I ~ • First Instalment Payment Date: NovCIriUeY 10, 1975 FOR VALUSrRECEIVED~ the nnderaigned and if more than one. jointiy and severally (the ,1laker). does hereby covenant and promise to pay to the order of Sun Bank of St. I.acie County or to its successors or. assigns (coltectively the Payee). at its principal office at 111 Orange Ave.. Fort Pierce, Fla. or at such other place as the Payee may designate to the Maker in ~criting fmm time to time. in legal tender of the United States, the Principal Amount together wnth interest at the Interest Rate on the unpaid balance of the Principal Amount ~ The aums due and owinR hereunder ahall be payable during the Amortization Period in equal monthly instalmenta. each in the amount of the Instalment Payment. the firat such Instalment Payment to be made on the First Inatalment Payment Date and subaequent Instalment Payments on the first day of each month thereatter uatil the Maturity Date whereupon We entire unpaid balance of principal and intereat accrued and unpaid thereon shall become due and pay- able; each such instalment when paid ahall be applied firat to the payment ot interest on t6e unpaid balance at the In- terest Rate and the remainder thereof to payment on account of principal. ' If any Instalment Payment shalt not be paid when due, then the entire principal sum and accn~ed interest here- ! under shall beeome due and payable at once or thereatter, 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 for each one dollar of each Instalment Payment not paid when due to reimburse the Payee tor e:penses of servicing delinquent Instalment Paymenta Failure to ezercise these optiona shall not rnnstitute a waiver of the right to exercise the same in the event of any subsequent default. " It is fvrther agreed that the Afaker and earh endorser. surety, guarantor, jointiy and aeverally. ahall pay all coats of rnllection of this Note, including a reasonable attorney's fee, on failure to pay any Instalment Pay~nent or any accrued interest due hereunder on the due date thereof. This Note and all sums due hereunder shall bear interest at the highest - ' lawtul rate of intetest per annum in the State of Florida from the date when the principal and accrued interest under this Note shall be due and payable. Tl~e total interest payable herew?der shall not in any one year exceed the highest lawful rate of interest in the State of Florida. This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. The Maker agrees that it shalt be bound by any agreement e:tending the time or modifying the above terms ot payment, made by the Payee and the owner or ovmers of the property aftected by said Mortgage, whether with or with- out notice to the Maker, and the Maker shall continue liable to pay the amount due hereunder. but with interest at a rate no greater than the Interest Rate, acrordinR to the terms of any such agreement of e:tension or modi[ication. The unpaid balance of the Principal Amount, plu.4 AMRIEYI interest shall i?e~~me due and p2yable at the optioa ~f I; the Payee under the happening of an event by -which said balance ahall or may become due and payable under the terms of said Mortgage_ . ~ This Note may not be changed oraUy, but only by an agreement in writing, signed by the party against whom en- forcement of any waiver, change, modi~cation or discharge is sought. i { j All patties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment for j payment, demand, protest, notice of protest, and notice ot dishonor, and e:pressly agree jointly and severally to remain E and continue bound (or the payment o[ the principal and interest provided for by the ternos of this Note, notwithstanding ! any e:tension or extensions of the time ot, or for the payment of said principal or interest, or any change or changes in ; the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided for in this Note, or any change or changes by way of release or surrender or substitution of any real property and collateral. or either, held as ; security for this Note, and waive all and every kind ot notice of such eYtension or extensions, change or changes, and agree that the same may be made without the joinder of the Maker. FORT PIERCE HELLErTIC AS90CIATION B Y~ / s I Peter Camacho Preaidant /s/ C. J. Manis ~ ' B Y: 4 Secretary BooK244.Pa~F ~25 ~*~r 9rJ - rwr.rr~ e~ rFUar _ ~ . i -i - : ~ - ~~-~~t~'-~~ . . ~ ~ ~--~+-~r~: _ ~ "