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HomeMy WebLinkAbout0048 • 1 KIIMANENTI - MORTGAGE NOTE ~t: oa. oa . ~ No~:. oorrob.s io, ~~s - Maturity Date: SO ~d~L~ In~ere~t Rate: lOs Anwtti:atic~n Peri~: F~om the day 6eraot to tbs Maturity Date. ' In~talment Pa~?ment: =u~~ _ P~rst Iastalment Payment Dete: '~t Z j~ j.~? S FOB VALUS BSCEIVED. tha under~igned snd it mon tban one. jotntly and severally (the ~isker), does henby covenant and promise to pay to the order ot Sun Bank of St LueIe County or to its suceessors os assigns (coAeetively the Payee). st it~ pr~neipsl oifioe at ili Orauge Ave.. Fort Pierce. Fta. or at aueh other plaee sa the Psyee may desisnste to the ldaker in ~vriting irom tlme to time. in legsl tender a2 the United States, the Prlncipsl Anwunt together with interest at the Intenst Rate on the unpsid balanee oi t1~e Prlaeipsl Amoun~. 'ILe wm~ due and owinlC bsreynder s1~ll be PaYable durinR tbe Amortiratica Period in equal monthly inatalm~ta each in t6e amount ot tha Indalme~t Ps~ymeat, t6e fint atch Indala~ent Payment to be made oa the I~rst Indalment Payment Date and wbsequent Iadalment Pqymenb on We Cust day ot each moat6 lbereatter until ths Matnrity Date whereupon tba entire unpsid belan~e o[ Pri~yciP.1 and intere~t accsued and unpaid thereoa shall become due and Pay- able; a~cb wch itutalment wben paid abalt be applied C~rd to the payment of interest on t6e unp~id balance at !he In- tee+est Rate aud the r~nainder tbereot to paymeat on accouat of principsL ~ Ii any Instalmeat Payment shaU not be paid w~l~eu due. then the entue principal sum and accrued interest bere- under ahall beoaiae due and paysbie at wioe or thereaEter, at tbe optioa af ths hold~ of this Note. Tbe Payee may. at its option. cotkct a late charae noc to ezoeed tNw oenb tor each ~e dolla: ot ead, Instalmeac Payment not paia wben dae to nimbnree the Payee for ~peoses ~ servicing delinquent Instalmeat Paymeats. Fanlure to e~rercise theee options ahalt not oonstitute a waiv~er of t]~e right to ezerci~e the same in We event ot any subsequ~t defaulk It is further agreed tbat tLe Maker and each endorser, suretY. ~uarantor. loinvY and se~e*811Y. shali pey sil oosb of oollection of tbis Note, including a na~oa~able attorney's fee. on failure to pay any Instalmeat Payment or any aocnied interest due hereunder o~ tbe due date thereoE. ZLis Note and ail aums due bereunder ahall bear interest at the bia},est lawtul rate of interest per annum in tLe State ot Florida from tLe date al~n tbe principal and aoc~ued interest undes this Note ~6a11 bs due and payabl~ '1Le total intereat payable bereunder shall not in any oa~e year e:ceed tbe hiahest lawf~il rate ot intereat in tLe Stste ot Florida. This Note is aecured by a Mortgsg~e. dated ihe date hereot. of property aitnated in the State ot Florida. Tbe Maker aarees that it ahall be bound by any agree~nent e:tendins tbe time or modifying the above terms of P~Y~t. made by the Payee and the owner or owneis of the Prapert3? affe~.~ted by aeid Mort8a8e. whether with or with- out notioe to the Maker, and t6e Maker ahall oontinne liab4 to pay tbe amount due bereunder, but witb interest at a, j rate no gre~ater tl~n tbe Interest Rate, aooordiaa to the terms of any such asreemeat of e:tension or modit'~cstia~. ` Tbe impaid balanoe of tbe Princip~l Amount, Plus eocrued interest shall beoome due and payable at the option oi ~ the Payee under the happenin6 of an eveat by which said balanoe ehaU or may become due and payable under tbe tesms ~ of aaid Mortgage. ~ ti ~ This Note may not be cl~anged orally, but only by an agreement in writir?B. siBned b3? the 1~artY agai~sst whom er?- ~ foroement of any waiver. chanBe. modif'ication or discharge is eought ~ AU partiea to thia Note. whetber Maker. principal. surety. guarantor or endorser, hereby waive presentment for ~ P~3'~nt, demand. pmtest. no~ee of pmtest, and notice of dishonor, and e:Pse~lY e6t'ee loinUy and severally to remain ~ a~ continue bound tor We payment of the principel and interest provided tor by the terms of tbis Note. notwiWstandina any ertension or eztemions of the time of, or for the paymeat ot esid princip~al or interest, or any change or chan6es in ~ the amovnt or emounts asceed to be paid under or by virtue of the obligation to pay provided Eor in this Note, or any : c6aage ot changea by way of releaee or wrrender or aubstitution of any r~l pmperty and collateral, or eit6er. held as ~ serurity for this Note, and Raive aU and every kind of aotice of wch eztension or eztensions, change or changea. and ~ agree that We ~ame may be made wittwut the joinder ot tbe Msker. 10S fii~M = rost li~s~o~, ll~rida 33~50 e r. R . ~ ~ /s/ David B. Cousineau ~ , ~ € a ~ ~ ~ ~ ~ 8oax~4 ~ 48 ~ OR` ~ ~ ' nw? ~u - runrx ~r s.us -~5~v s~ wi a~~ . ~~`"~~'~z : ~ ~ fi~, . ~ ~r~r~ ~ - ~