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HomeMy WebLinkAbout0925 II~AYAN[MTI MORTGAGE NOTE Principal Anwunt: ~~S ~ 000.00 Date of Note: OQ*~~= 2~ ~ 1~7s Maturity Date: ~ Y~= - Iaterest Rate: Oe Aawrcisation Peaod: From ths day hereot to the Maturity Date. - Instala~ent Payment: ' I~rat Instalment Payanent Date: $ jS ~ OOO. 00 pl~i lptss~~t dw O~ OOto~= Z! ~ 1l7i FOR VALUE RECEIVED, the underaigned and if more Uun one. joinUy and aeverally (the ~aker), doea henby covenant and proaaise to psy to the order oi Sun Bank of St Lucie County or to ita succeasora or assigns (colleetively the Psyee). at ib prlncipal oifice at 111 Orange 'Ave.. Fort Aerce, Fls. or at sueh other place as the Psyee msy designate to the Makez in writing from time to time. in legal tender oi the United States~ the Prinelpsl Amount together with intereat at the Inter~t Rste on the unpsid balance oi the PrincIpal Amount , ' Tbe sums due and owin~e .hereunder s6all be payaWe duru~ the Amorti:ation Period in equal awnthly instalments. eac6 in the amount of t6e Instalment Paymen~ the iirat wch Ir~stalment Payment to be made on tbe Fitst Indalment Payment Date and subequent Instalment Payments on the tirat dsy of each month therea[ter until t6e Maturity Date wbereupon the eatire unpaid balance ot pri~ciPs1 and intere~t accrued and unpaid thereon sball become due and PaY- able; eacL sach instalment when paid sball be applied ~rst to the peyment ot interest on the unpaid balance at tbe Ia- terest Rate and tbe r~maiader thereof to p~yment on eccount of principel. . ~ If any Instalment Pay~neat ahall not be paid when due. thea the entire principal sum and aocrued intereat bere- under ahall become due and payabb at wice or thereafter. at tbe option of the holder of this Note. T6e Payee may. at ita option. collect a late charge not to ~oeed two oents for esch one doUar of esch Instalnrent Payment not paid wben due to reimburae the Payee tor e:penses of sarvicing delinquent Inatalment Payments. Failure to ezerciee t~ese options shall not conatitute a waiv~er of the right to ezercise the eame in the event o[ any subsequent default It is turther agreed that the Maker snd each endorser. wrety, guarantor. joinUy and sev~eralty. ahall pay all oosta of rnllection of this Note. including a reasonable attorney's fee. on failure to pay any Inatalment Payment or any aeciued interest due hereunder on the due date thereof. lbis Note and all sums due herennder shall bear intereat at the hig6est lawful rate of interest per annam in tbe 3tate ~ Florida trom t6e date when the ptincipal and aocrued interest under thia Note at~all be due and payable. T6e total intereat payable hereuader ahall not in any one year ezceed the hi~hest lavafal rate of intereat in tl~e State of Florida. Thia Note ia secured by a Mortgage. dated the date }~ereof, of propedy sih~af~ed in the 3tate of F7orida. T6e Maker agrees that it a6a11 be bound by any agreement e:tending tbe time or modifying the abave terma of payment, made by the Payee and the awner or ownera of the pmperty? affected by said MQrtgage. wbether with or with- out notioe to the Maker, and the Maker ahall rnntinue liable to pay the amount due hereunder. but witb interest at a rate no gteater tLan the Interest Rate. aocording to the terma of any auch agt~eement of e:tensioa or modification. The unpaid balance of tl~e Principal Amount, plua acrrued intereet ahall bernme due and paysble at the option ot We Payee under the happening of an e~vent by which said batance shall os may become due and payable under We terme of said Mortgage. ' 1'6ia Note may not be changed oral{y, but only by an agreement in writing. ai~ed by the party against whom en- F fomement of any waiver. change, modification or discharge ia soughk ' t All parties to thia Note, whether Maker. principal. aurety. 6uarantor or endorser. hereby waive presentment for paymenk demand, proteat. notiee of pmteat, and notiee of dis6onor. and ezpte~ly agree jointly and severally to remain and rnntinue bound for the payment of the principel and intereat ptovided for by the terms ot this Not~. natwithatanding any e:tension or e:tensiona of the time of, or tor t6e payment o[ said principal or interest. or any chanse or changes in the amount or amounta agreed to be paid under or by virtue ot the obligation to pay pmvided tor in t6ia Note, or any change or changes by way of releaee or surrender or substitution of any real property and collateral. or either, held as security for this Note, Hlld R81VC 8I~ 8JId et!!!y klAa OI iIOLICC ot euch eztenaion or e:tenaions, change or changes. and agree that t6e same may be made without the joinder ot the Malcer. , /s/ Moon Lueg . /s/ Ella May Lueg 8oox 245 P~ 9zp XIN !SJ - PRIRIIG If Shc~ ~ ~ - - . _ - '