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HomeMy WebLinkAbout2580 I~CAM~N~NTI MORTGAGE NOTE ~ ai3, ooo. oo ~r No~: ~o.~..~.s i., ~9~s Meturity Date: '~q Y~il~ ~a~K.: oys Amortirstion Petiod: I~'mm tbs day hereof to the Matusity Date. Instalment Payment: ;161.1i F'i~t Inafalment Payasent Date: JaDU,ai'Y Zs ~ 1~76 FOB VALUE RECEIVED, the undersigned e~nd ii mon than one, jointly and aeverally (the Maker). dcea hereby covenant and pmmiee to pay to the order of Sun Bank of Sk Lueie County or to its succeasors or assigns (coUectively the Psyce). at its pdncipal offiee at 111 Orange Ave.~ Fort Pierce. Fia. or at snch other place as tha Payee may deaignate to the Msker in weiNng trom time to time. in legsl tender oi the United StatRS, the Principal Amount together w3th intereat at the Iaterest Rate on t6e unpsid balanee oi the PrIncipal An~ount The s~was due and owinR hereunder slsall 6e payable durina tbe Amortization Period in equal monthly i~talmer?ts. each in tl~e amount of tbe Instalment Payment, the first wch Instalment Payment to be made on the First Instalment P~ymeat Date and subsequeat Instalment PaymenW on the tiist day oi each month thereatter unW the Maturity Date whereupon the entire unpaid balance oE priqcipal and intered accrued and unpaid thereon shaQ become due and pay- able; each wch instalment when paid ahall be applied Crst to the payment oi interest on the unpaid balance at the In- terest Rate and the remainder thereof to payment on accouat of principal. It any Iastalment Payment shall not be paid when due. then t6e eatire principal sum and acccued intereat here- under shall become due and payable at w~oe or therea[ter. at the option of the holder of this Note. T6e Payee may, at its option. collect a late charge not to ~oeed tvro eents for each o~ dollar of ead~ Iastalment Paymeat not psid when due to reinnburae ti~e Payee tor ezpenees ot servicfing delinquent Instalment Paymenta. Faibue to e~rcise these optiona shall not eonetitute a waiver of the right to e:erciee the same in the event of any subsequent default It is further agreed that tbe Maker and each eadorser, surety. B~arantar. jointly and severallY. sball pay all costa o[ rnllection of this Note, including a reasonable attorney's fee. oa tailure to pay any Instalmeat Payment or any acctued iaterest due bereunder on tbe due date thereof. This Note and all aums due bereunder ahali bear interest at the highest lawful rate of interest per annum in t6e State of Florida imm the date when the pri~ipal and serrued interest under this Note shall be due and payable. The total interest payeble hereunder ahsll not in any one y~r e:ceed the higbeat lawful rate of intereat in the 3tate of Florida 'l~is Note is eecured by a Mortgage, dated the date hereof. of pmperty aituated in the 3tate of Florida. The Maket agreee that it shall be bound by any agreement e:tending the time or modifying tbe abo~ve terme of payment. made by the Payee and tl~e owner or owneia of the pmperty affected by said Mortgage, whelher witb or with- out notioe W the Maker, aad the Maker ehall continue liable to pay the amount due hereunder, bnt with interest at a ~ rate no g~ter than the Interest Rate, aocordin~ to We terma oE any such agzeement of e:tenaion or modification. ! Tbe unp~id balance of the Principal Amount. plus acrrued intereat ahall become due and payable et the option ot E the Payee under tl~e happening of an event by which eaid balanoe s6a11 or may become due and payable under the terma E ot said Mortgage. E ~ r T6is Note may not be changed orally, but only by an agreement in writing. nigned by the party againat whom en- ~ -taicement of any waiver. change. modif'ication or diacharge is soughk , ~ All parties to this Note, whether Maker, principal, wrety. guarantor or endorser. hereby waive presentment for - ~ payment, demand. protea~ notice of pmtest, and notice of dis6onor, and e:preasly agree jointly and severally to remain and continue bound for the payment of the principal and intet+eat pmvided for by the terms of this Note. notwithstandina any e:tension or e:tenaions of the time o[, or for the payment ot eaid principal or intereat, or any change or changea in ~ the amount or amounfa agreed to be paid under or by virtue of the obligation to p~y provided for in this Note. or any ~ c6ange or chaages by way of relesee or sutrender or subetitution of,any real property and colleteral. or either. held aa ~ security tor this Note, and v?sive all and every kind of notice of such e:teneion or e:tensions, cha ~ nge or changes, and ~ agree that tbe aame may be made without t6e joinder of the Maker. a ~ ~ P. O. Boat 3205 ` ~ost Pi~soe, tlosida 33~50 ~ ~ ~ ~ /s/ Laura B. Hancock ~ ~ i ~ : ~ F' ~F ey ! ~ °soac245 ~~5?? $ rowr ari - ~plirtr, e~ a~wr . ~ "~'~~ros.~-.a; , - - - - - _ ,~k~ 1. ~wy X'~r 2{`J_ S. ' ~ "-£:Y~"N'^'" . E° . _ . , ~