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Home My WebLink About2244 • t ICONiT11UCTtON AND ?[I1M~N~N~1 MORTGAGE NOTE Ainow~c ot ct~. 1Vote: 10, 000.00 ' nace ot IVote: OCtOb~l' 10, 1975 , Man,ric~? D.c~: T~n Yeaucs Intere.t Raee: 9t Interat Periad: Fti~om ths date hereo~t throuah 1/Z~~86 Aunost~iisatiaa Psrlod: I~1rom tbe deu? atter tbe Intereat Pesiod to tbe Maturity 1?ate. , t,,.w~,~t ~yn,.»t: S1Z6.68 ~ tns~atmenc g~ymeac nac~: Janytary Z4, 1976 FOB VALUE RECEIYED, t1~e undetsigned and if mon thsn one, joinUq and sevenlly (the Haker), doe~ hereby eovenant and promiie to psq to the order oi 8un Bsnk oi Lneie County or to ita successora or assigns (colleetivdy the Psyee), at ib psIneipal otfice st 111 Orange Avenne. Fort Pierce, Fla. or at sueh otLer ptaee ss tl~ Paqee maq dee,t~ate to the Haker ia writ~ng irom time to time. in legal tender ot the United States, the Aaoount oi the Note or so mnch thereo! aa may be a~dvsneed (the Prindpal Amount) by tbe Psyee purawnt to s oonstr~etion losn aareement or loan eommitment, between the Mskes and the Payee. together wlt6 interest at tbe Intereat Rate on tbe anpaid bsl~ce of the ' Principsl Amounk Durins tbe Intereet Period inter~est froyn the data of eech sdvanoe. at the Intereat Rate. abaU be peyable monehly on tbe fust day of tbe moatb following We monW in which tbe t'iist advance is made and on the 6rst day of e~ech month tbereaiter, duri~ tbe Amortiration Period equal montbly instalaoenb, eacb ia the amount ot the Instalment Paymeat, the Cu~st a~ Inrtalment Payment to be made on the Fi~st Instatment Payment Date and s~baequent Instalmeat Pay- meab on tbe t'utt day of eech montl~ tLereafter until tbe Matusity Date w6ereu~wn the entire unpaid baiance of principal and interest acerued and unpaid thereon s6a11 become due and paYabk: esch such indalment when paid s6a11 be applied tirst to the paymettt of iatetest on t6e unpaid belanoa at the Interee! Rate and tlie remai~de= thereof to payment on account o[ principaL If interest or anq Instalment Payment ahall not be paid whm due. then the entire princfipal som and socrued intereat l~ereunder s6a11 beoome due and payabk at u~oe or ther~tter~ at We .opt~ af We 6oldtr of this Note. Tbe Psyee may. at its option, collect a tate cb~ar~e not to esooed two aenta for each one dollat ~ each Iastalment Payment not p~eid vrben due to reimbu:se tbe Payee for ezp~ses of servicina delinqueut Inatalment Paymeuts. Failure to eurcise these options al+.sll aot conatitute a waiver oE tbe siah! to ezercLe the aame in the event ot aay subeequent defaulk It ie tnrther agreed that the Maker aad ee~ch eadorser, suret3?. Buarat?bos. lointiY and eeveratly. ahall pay att oosts oE collection of this Note. inciuding a nawnable attoraey's tea, an teilure to pay any Instalment Payment or any acrnsed iatcrest dae bei+cw~der on the due date thereof. Z7iia Note and all sums due hereunder sl~aU bear intereat at the bighest lawh~l rate of interest per annum in the 3tate of Ftorida from the date wben tLe principsl and eornted interest under this Note ahall be due and Pe?Yable. T6e total interest payebte hereunder ahall not in any one yeas ezeeecl the higheat lawfu! rete oE interest in the State of Florida. Thie Note ia secured by a Mortgage. dated the date hereof. of pmperty aituated in t6e 3tate of Ftorida. The Maker agrees t6at it ahall be 6ound b3? anY agreement eztendidg the time or modiEyin6 the abov+e tezms oE P~Y- ment, mada by the Payee and tbe owner or owners ot the propedy afEected by said Mortga~e. whetLer with or without notice to the Maker. and tl~e Maker ahall continue liable to pay tbe aaQOUnt d~ hereunder, but with interest at a rate no gr~ter ti~an We Inter~t Rete. aocordina to terma of aay auch agree~nent of ~teasion or modiCication. T6e unpaid balanoe o[ the Principsl Amount, Plw acrrued inteneat sball become doe aad peysble at the option oE t6e Payee-w~der the happening of an event by which esid balance ahall or may become due and payable under the terma of said Mortsage. _ This Note may not be changed oreUY. but only by an a6c+eement in writing. aigned by the i~Y 88ainst whom en- forcement ot any waiver, change, modification or discharge is sought. All parties to this Note, whether Maker. Principal, surety. auaranwr or endorser, hereby waive preaentmeat for i~Y~nt. demand. Proteat, notice of pmteat, and notice of d:a6onor. and ezpreastY aSree loiatly and -severslly to nmain and eontinue bound tor tbe payment of the princip~e! and interESt provided for by tlse tenme of t1w Note, notwit6standins any eztension or e:tensions o[ t6e time of. or tor the payment of aaid principal or intereat, or any change or chan~es in the amouat or amounts agreed to be p~id under or by virtue of the obligation to pay provided fos in this Note, or any ~t~anee or ~~aes by way ot release or wtrender or substitutios~ oE any real property aad rnllateral, or either, l~eld ~ as security [or tbis Note. and waive all and cwery kind oE notice oE auch e:tension or e:tensions, change or changes, aud a~ree Wat the same maY be made without t6e joinder o[ the Maker. Addrees: J ~ 307 Oliva ~venus a, ~ Fort Pierce, Florida 33450 ~ ~i~ ~ aQaK24~ P~E2244 ,a.r ,u _ p.r.u,c .r u~n. _ . ` ~ ~'4~/," Y~,;~~ .,,z - . . . ' _ r , . , .~s`. Ra~'~ r . . ~7~~c~~~'$ . .