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HomeMy WebLinkAbout2042 1~EAMAN[MTI MORTGAGE NOTE ~~w?~ wmo~~: ~139.000.00 Dace ot Noee: October 9. 19Ts Maturity Date: T~ Y~:~ Interest Rate: 8 ~ ~ Amortization Period: From the day her~wl to the Meturity Date. Irutalment Payment: =l~ 6~3, a3 p~s tm~lt4 . ~ flrat Instalment Payment Date: ~'7anuary 25, 19T6 ~ FOR VALUE RECEIVED. the undersigned and if more thsn one. JoinUy and aeveraUy (the Ddaker), doea hereby covenant and proauae to pay to the order oi Sun Bsnk ot S~ Lucie County or to its sueeessora or assigns (coltectively the Payee). at its principal ofrce at 111 Orange Ave.. Fort Pierce, Fla. or at auch otber place as the Payee may deaignate to the Malcer in writing from time to time. in legal tende= oi the United States. the Principal Amount together with intereat at tlie Interest Rate on the nnpaid balance of the Principal Amounk ' 'I'he aums due and owing hereunder shaD be payable durina the Aaartization Period in eqnal monthly inatalments, ~ each in We amount of the Instalment_ Paymenk tbe tirst such Instalment Payment to be made on the First Instalment Payment Date and subsequent Instalment Payments on t6e fiist day oi each month Wereatter until the Maturity Date whereupon We entire unpaid balance of principal and intereat accrued end unpaid thereon ahall become due and pay- able; ~ch auch instelment wher paid ehall be applied Crst to the payanent ot intereet on the unpaid balance at t6e In- tereat Rate and the remainder thereot to payment on account of principal. It any Inatalment Paymeat ahall not be paid when due. then the entire ptincipal sum and accrued intereat here- ' under ahall become due and payable at once or thereafter. at the option of the holder of thia Note. Tbe Payee may, at ita option, collect a late charge not to ezceed two cents for each one dollar of ench Instalment Payment not paid when due to reimbaree the Payee for e:penses of aervicing delinquent Inatalment Payments. Failure to e:erciae tl~e optiona • shall not constitute a waiver of the tight to e:erciee the aame in the event of aay subeequent defaulk It is further agreed that the Maker and each endo~er. aurety. guarantor, jointly and eeverally. shall pay all coste ot collection of this Note, including a reasonable attorney'a fee. on failure to pay any Instalment Payment or any aecrued t interest due hereunder on the due date thereot. Tl~is Note and all suma due hereunder shail bear intereat at the higheat ~ lawful rate of interest per annum in the State of Florida from t6e date when the principal and aorrued intereat under this Note ahall be due and payable. The total interest payable hereunder shell not in any one y~r ezceed t6e higheet lawful rate of intereat in the State of Florida. This Note is secured by a Mortgage, dated the date hereof, of pmperty aituated in the 3tate of Florida. ' The Maker agtees that it ahalt be bound by any agreement e:tending the time or modifying the above terme of ; payment, made by the Payee and the owner or ownere ot the property affected by said Mortgage. whether with or with- ' out notioe to the Maker, and the Maker ahall rnntinne liable to pay the amount dae hereunder. but vrith interest at a rate no greater than the Interest Rete, according to the terma of any auch agreement of eztension or modification. i ~ The unpaid balance 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 become due and payable under the terma ~ of said Mortgage_ ~ Thia 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 eought All parties to thia Note, whether Maker. principal, aurety, guarantor or endorser. hereby waive presentment for payment, demand, pmtest, notice of protest, and notice of diahonor. ar?d e~reeely agree jointly and severally to remain and continue bound for the payment ot the principal and interest pmvided tor by the terms of t6is Note, notwithstanding any ezteneion or extensions of the time of, or tor t6e payment o( aaid principal or interest. or any change or changes in ~ the amount or amounta agreed to be paid under or by virtue of the obligation to pay provided for in t6is Note, or any ~ ~ cbange or changea by way of release or surrender or subatitution of any real property and coliateral. or eiWer, held an aecurity for thia Note, and v?aive all and every kind of notice of wch e:tension or e:tensione, change or changea~ and ~ agree that the same may be made without the joinder of the Maker. ~ B. E B. Mschine S'hop, Inc. ; € 4 • y ,f~ ~•1.~j~~`'~, . • ~J' . ~ ~ . / s/ Harry L. Bishop ~•.~,1• ? i ~j~ . ~ --~._J ' .S= { B~ : _ ;::s Presidant : 'ti' ~ ~ _ " ~ 'Y • c-~ . ~ ~ ~ s ~ /s/ Lavon Bishop , O~~ € ' f~ a~., ! Vice President ° ~ ` ~ I '~•:?!K`,,`` ~ ~ F ; 6~ ~K 2~4 F~2042 ~ ~ PLyP/ ?U - PP11117lG Dl !Q',{!~ ~ ~ *µ._.,-.s - - - ' - ' - . . _ _ - , ~ ~ ~ 6 ~ '4. vc d*~. _ _ _ _ .