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Home My WebLink About1735 ICONS~RYC~ION ANO ~[11M~N[NTI MORTGAC~ NOTE ' An~ount ot tl,s Noce: $300, 000. 00 ~ °t NO~O~. NOVemb~r 4, 1975 ' MAcuriq? Date: Ruqus~ l, 1991 Intere.t Raa: 9 t ~ ~~.t ~a: ~ we a.~ Au~t i, 1981 ~ Amortuatio~A Period: Fran tbe day atter the Intareat Period to We Maturity Date. ~~~t Sp pt~yment• oi $ 3, 800. 30 per month beginninq Saptember l, 19'I6 t' 1y yment lirat t interest, ba ance to rinci al; Q Auquat 1, 198~ ~ ba~~on pa y m ent o~ th• ba l a n c e ~ u e p l u e ~ n t w r e~ t M i Z~ b e F~st t~.wnosn~- P, u m s e ac n.te: ue an d payabla. _ september 1~ 1976 FO$ VALUS RECEIVED. t6e unders[gned aAd if taore than one, jolntly and severslly (the 1ialter), aoo. ~r ~ eovenaAt aad promiae to psy to the order of 3un Bank oi 3t Lueie County or to ita saaeaors or saisns (oolleetlvel~ tbe Payee). at it~ prlnctpal ofrice at iii Oranae Avenne, Fort Pieree. Ffa. or at sueh other plaoe as the Payes may ded~nute - to tha )dalcer in writi~ irom time to time, in legal tender cZ the United 3tste~. the Mwunt o? the Note or w mueh - theraoi ~u msy be advaneed (!he Principal Amount) by the P~yee pnnuanL to a eon~truction loaa a~e~eement or losa eommitmcnt, between the j[sker and the Psyee, together with interest st the Interest Rste on the m?paid balsnoe of the Pd~ipal Aa~ounL Durins the Interest Pariod intat+est from tbe date ot esch sdvaM.~e, at tl~s Interest Rate, ~hall be payable mo~thly on tl~e fint d+~y ot the month tollowina tbe manth in which the ficd advence is made and ~ the Cust day of esch month the~+eatter. durins tbe Amortizatiai Period equsl montWy in~tala~eab. eaeh in tbo amount ot We Instala~ent Peymeak tbe firat such Indaiment.Payment to bs made on tbe Fitst Instalmeat Paymeat Aate and aibsequent Imtalment Pay- menb oa t6e fitst day ot ead~ nant6 thereatter until t6e Maturity Data whereupon t6e entire unpsid 6elance ot ptincipal and intered aocnud and unpaid thereon shsll 6ecoms due and pe~yable: each sucb instaLnent when psid ahall be applied fi~st to tbe paymeat of intere~t on tbs unpaid belanoe at the Intee~est Rate and tbs remaiLder thertof to payment on acoo~nt of principal. It interest or any I~taLa~ent Payment shaU aot be paid w6en due. thea tl~e entin princip~sl sum and aocrued interest berennder aLall becwns due at~ payable at oaoe or tbereatter. at the option ot the holdet ot tba i~Tote. 'T6e Payee m~Y, at ib optiaa~, oollect a late charse not to esueed two cenb tor each one dollar ot escb Instalmeat Paymeat not paid when due to ~mbune tbe Payee for ezpenses ot servicina dsliaquent Instalmeat Paymenta. Failure to exercise these options shalt noc coastitute a vraiver ~ tus riaht to eser~aee u~e eaaie ia we eveat ot any aub.equent detault ¢ It is fnrther asr~eed that the Maker and e~ach eardoner, suzaty. gnarantor. jointly and sev~erally. ahall pay all cwb oE - collection of tbis Note, includina a reoscasble attonuy's fee. ~[silure to pay any Iastalment Payment or any aocrued interest due bereuader on tLe due date tbereof. This Note and all sim~s due hereunder s6all bear inte~s! at the hishest lawful rate ot inbenst per annum in the State of Florida from tbe date when the principal and ~ intcrest under this Note aball be due and payable. T'6e total mterest payable hereunder aball not in any one year ezceed the hishest lawtul rate of intereat in the Sfate of Ftorida. . This Note is aecured by a Mortgage. dated the dete hereof, of PropertY aitoated in tLe 3tate ot Florida. I'~ The Maker aarees that it ahali be bound by any aareema?t ~tending the time or modifyina the above terais of P~Y- f inent, made by tbe Payee and We owner os awnera of the Propert3? effected by aaid Mortaage, wbether with or witlwut I notice to the Maicer, snd the Maker ahall continue liable to pay the amount due her~under. but with interest at a rate ~ no g~eater than ~he Interest Rate. aocording to tenns at any such agreement of e:tenai~ os modifx~tion. ~ I ~ Tbe unpaid balanoe of the Principal Amount, Plus aacrued interest shall become due and payable at the optioa a~ the Payee-under the happening of an event by which said balanee sball or may become due and payable under the ~ terms of said Mortgage. ~ . t This Note may not be changed orallY. but only by an agreement in writin8, *iened bY the Pa*tY a8einst whom en- , ~ Iorcement of any waiver. change. modif'cation or discharse ia sought F : a ~ Ait parties to this Note. whether Maker, principal. surety, suarantor or endorser, ben ~ ~ payment, demand. pmteat. notice of rotest, and notice of diahonor. and e reasl a p~°~At for ~ p xP Y 8*~ ~intly and severally to teanain ~ and contiaue bound [or the payment ot the principal and intsrest provided tor by the terws ot this Note. notwit6staqdin~ any e:tension or e~ensions o[ the time of. or ior the payment oE said principal or intereat. or any cbange or cb~r~i in the amount or aawunb agreed to be paid under or by virtue of the obli taon to ~ Sa ~ P~Y Provided for in thit I~otl; ot~ e i any change or changes by way oE release or surrender or substitution of any rea! pmperty and collateral.-or ~~y~ ~ as security tor thia Note, and waive sU and every kind o[ notice of su extenaion or e:tensions, chanae c~r1~}pr~gea, a~'r~i, ' # a6ree that the same may be made without the joinder ot the Maker. t~'' ~ ` ~ .~~1~.' . 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