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Home My WebLink About1031 ICONtTRUtT10M ANO r~ANANCNTI MORTGAGE NOTE Mwunt ot ths Note: ;7~ ~00• 00 Date ot Note: 30~ 19~~ Htacuricy S~pi~mb~~ ~0. 1976 ~ntere.c Rate: 9 ~ Interest Periad: From ths date hat~eof through , Anwrtizatioa Period: Fran the d4y after the Intareat Period to the Maturity Date. \ ~ . i ~~nenc re~c: Oa~ ~ia~l~ pa~n~nt dw is oa~ ~a: t~.t ~~~t r~,t n~~: s~pt~mb~s 30. I9~'i ~ ~ - ~ F08 VALUE RECEIVED. the undersigncd snd if more tbaa one. jointly and sevesaUy (the ldaker), does hereby ~ covenant aad pmmiee to pay to the ordes of 5un Bsnk oi 3t. Lucie County or to ita sucee~ors or s~asi6as (eollectively tLa Payee), at ita piincipal oHice at ili Orange Avenue, Fort Pierce, Fls, or at such othes place as the Payee may dedanate to the Maker ia wslting irom time to time. in legal tender oi the Uaited Ststes, the Amount ~ of the Note or w mach thereof aa msy be advsnced (the Prinelpal Amount) by the Payee puisuant to s constructioa loan sgrciment or loaa . commitment, between the l[ai~er aud the Pwyee, ~8ether with iatere~t at the Interest Rate on the unpaid-bslanoe oi the ~ . mncipsi Amouni. ~ - Duriag the Intereat Period interest trom the date of each advance. at the Intereat Rate. shall be payabte montbly on + the Cmt day of the montb following the month in which tbe first advance is made and on the Crst day of e+ach month ; thereafter, durin6 the Amortiaatian Period equal awntbly insWmenti, each in the amount of the Instalment Paymeat, ~ tbe t'ust wch Instalment Payment to be made on tbe Fiast Instslment Payment Date and snbsequent Instalment Pay- ~ menta on the C~st day of each month thereatier uatil t~ Maturity I?a!a wher8upan the entise nnpaid balance af priacipal ~ and interest acciued and unpaid thereon shall become due and psyaWe; ~c~ euc6 i,~stalment whea paid shall be applied ~ first to the payment ot intereat oa t6e unpaid belance at the Interest Rate and the reTnainder thenwt to payment on asoount ot principai: It intereet or any Instelment Fayment shall not be paid when due. then the entire principal sum and socraed interest l~ereunder ehall become due and payable at onoe or thereaf ter. at the optiou of the lwlder of Uue Note: T'I~e Payee may. at its optia~, COu~ a 18tB t118l~B IIOt t0 @IC~ tW0 C6Dt8 tOi BHCh OR@ aOllHt Of OHC~1 IIlS18~CRt PBj~II]CAt AOt p8~ when due to reimbuese the Payee for e:peneee oE servicing delinquent Ynstalment Payments. Failure to ezerci~+e these options ahall not oonatitute a~araiver ot tbe right to e:erciee the same in the event ot any subsequent defaulk IY is further aareed Wat tbe Meker and each endoreer. surety. gnarantos. joir?tly and severally, a2~a11 pay all oosts oi collection of thia Note, including a n~esonable attoraey's fee, on failure to pay any Instalment Payment or any aecnied ! intereat due hereunder ~ the due date thereof. Thia Note and all aums due hereunder ahaU bear intcrest at the highest i lawfeil rate of interest per annum in the State of Florida from the date when the principal and aecrued interest nnder ~ ; this Note ahall be due and payable. The total intereat p~ayable herevnder ahall not in any one year exceed the higUeet = l lawful rate of intereat in the State of Florida. ~ This Note ie aecured by a Mortgage, dated the date hereoE, o[ property situated 'ui the State of Florida. t ~ ~ 19ie Maker agrees Wat it s6aU be bound by any agreement e:tending the time or modifying the aboMe terms oi pay- . ~ ment, made by t6e Payee and the owner or ownera of the property affected by said Mortgage, whetber~ with or without notice to the Maker. and tbe Maicer shall continue li~ble to pay the amount due bereunder. but with interest at a rate - no areater than the Intereat Rate, aocosding to terma of any such agreement oE eztension or modiC~cstion The unpaid balanee of the Principal Amount, plue aecrued inteneat shall become due.and payable at t6e option of ~ the Payee -under the happening of an event by which said balance ahall or may become due and payable under the tern~s of aaid Mortgage. R ~ Thia Note may not be changed oraUy, but only by ,an agreement in writing, aigned by the ~ forcemen! of an waiver, chan e, modification or P~rtY a8ainst whom en- Y B diacharge ia eought. _ ~ ~ All parties to this Note, wbether Maker, principal. surety, guarantor or endorser. hereby waive pr~entment for ~ payment, demand. ptoteat, notioe of pmteat, and notice of diahonor, and e:presely agree jointly and severally to rsmain and continue bound for the payment of the principal and interest provided tor ~y the tetma ot this Note. notwithatandina any e:tension or e:tenaions of the time of; or tor the payment of said principa! or interesi, or any ehange or changes r in the amount or amounta agreed to be paid under or by virtue ot the obUgation to pay pmvided for in this Note, or any change or changes by way oE release or earrender or substitution of any real property and collateral, or eit6er. held ~ as security for t6is Note, and waive all and every kind of notice of suc6 e:tension or enensions, change or changes, snd ~ agree that the same may be made without the joinder of the Maker. _ ~ ~ ~ ~ L s R48ER~xFOX ~ . ~ ~ ~ / s / MI~.1'f~~D FOX ~ gaox24~ P~:~032 ~ ~ A71i~1 J!S - PRI/lll~C ll ~i,11a _ " i . ~~s - - "Y : x _ _ ~ ~ ~ , _ ~ - I _