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HomeMy WebLinkAbout1187 1?lpM~N[NTI , ! MORTGAGE NOTE Principal Amo~t: 10~000.00 Date o[ Note: OoabMt ~l• lt4f < Matudty Date: 1~ 1!~ • Interest Rate: ~ ~ Amortization Pedod: fi~om ths deU? hereot to the Maturity Data . butalment Payment: ~j~.N p~1[ ~owtA DMia1~111~ O~O. 1~ 1!~l5. ~rst Ins~alment Payaaent Date: D~O. 1~ 1!~!S . FOR VALUE RECEIVED, the uadersigned and ii mon than ore, jot~tly and aevenlly (the Maker), dces hereby covenant and promise to pay to the order oi 3un Bank of 3t I,ucie County or to its succeasors or assigns (coUectively the Payee). st ib pzineipai oifioe at 111 Orange Ava~ Fost Pierce. Fla. or st aucb other place as the Psyee may desiaaste to the Msker in writing iram time to ti~ne. in legal tender o! the United States. the Prinetpal Amount together vv~th ' interest st the Interest Rate on ti~e unpsid balanee oi tbe Principal Amo~nR. 'The sum~ due a~ owin~ bereunder sball be payable darina tbe Amortization Period in equal monthly instalments, each in tl~e amount of t6e In~talment Payment, the tirst wch butalmeat Pqyment to be made on the First Iiutalmeat _ Paymeat Date aiul iubsequent Instalment Pa~mnenb on t6e Cust dsy of each month t6er~tter until We Matarity Date whereupon the entire unpaid belanoe oE priqcipal and intere~t accmed and unpaid thereon ahall become due aad paY- : aWe; each anch instalment w6en paid ~hall be applied tud _to tbe payment ot interest on ffie unpaid belance at tl~e Ia- tereat Rate and the remainder t6ereoE to payment on acoount ot principsl. : If any Inatal~ent Payment shall aot be paid wl~en due. then the entire princapal wm snd aocrued intei+eat here- - under sball become due and psyable at onoe os tl~ereafter, at tbe option of tbe holder of thie Note. ~ibe Payee may. at its option. collect a late charge not to ~oeed twro oenta for each one dollar of each Instaiment Payment not paid wben due b reimb~ree the Payee for e:penees oi servicins delinquent Instalment Paymeats. Failure to eut~cise these options ahail not constitute a waiver of the ria6t to ~ercise the same ia the ev~t ot any subeequent defaul~ ~ . It is further agreed that t6e Maker aad eech endorsei. surety. 6uarantor. jointly and sev~raliy. a6a11 pay all cosb of collection ot this Note, includins a reasonable attorney'a fee. on failure to pay any Instaiment Pa~ment or any accrued interest due hereunder c~ the due date thereof. This Note and aU aums due 6ereunder ahall beas interest at tbe hiabest ' lawful sate of interest per annum in the 3tate ot Florida from the date when the principal and accrued interest under thia Note ahall be due and payable. Tbe total intereat payable hereunder ahall not in any one y~r ~cceed tbe highest lavvful rate of intereat in the State of Flotida , - Thia Note is secured by a Mortgage. dated the date hereot. of pmperty situated in the 3tate of Florida. - The Maker agrees that it s6a11 6e bonnd by any agreement e:tending t6e time or modifying the abave terms oE payment, made by the Payee and tbe owner or mvners of the property affected by said Mortaage, whether with or arit6- ' out notioe to the Maker. and tbe Maker shall rnntinue liable to pey the amount due bereunder, but wiW interest at a i F rate no greater than the Interest Rate. ac~cording to the terms of any such agreement ~ enenaia~ or modii'icatiou~. [ The unpaid balanee of t6e Principal Amount, Plus accrued interest shall become due and peyable at .the option ot the Payee under the happening of an event by which esid ~alanoe ahatl or may become due and payable under the terms of eaid Mortgage. Thia Note may not be changed orally, but only by an agreement in writing. eigned by tl~e party against whom en- forcement oE any waiver. change, modiCcation or discharge ia eought ~ ~ All parties to this Note, whether Maker. Principal, aurety. guarantor or endorser. hereby waive presentment tor paymeat, demand, pmtest, notice of pmteat, and notioe of dishonor. sad espr~sly agree jointly a~ severaUy to remain and continue bound for the payment of the principal and intereat pmrided [or by the terms o[ this Note. notwitbstandins any e:teaaion or ezteasions of the time o(, or for the psyment ot eaid principal or intereat„ or any change os c6anges in the amount or amounts agreed to be paid under or by vidue of the obligation to pay provided tor in t6is Note, or any change or changea by way of release or surrender or substitution ot any r~l property and collateral. or either. 6eld as ~ eecurity for t6is Note, and waive all and every'kind o[ notice of such e:tension or estenaions, change or changes. and agree t6at We same may be made without the joinder of tbe Maker. ~t t~0~ ~ii~ OO~pOlats~ t~~~~ ~i~ ~ Boac245 ~ac~~.18z l1C~i/ 1fl • PRllfllC p RAJt - ! T.~ys. _ f~ - - _ - ~ ~s-.t~ ~rT~~~~',,.z~`-~'~~~~ , ..,~,p~- ~ -j+*a~r c_ r~ ,t~...'7'-iq;r, • . . ~ . .~.~_~a-':?Fs. . _