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HomeMy WebLinkAbout2727 ~~[RMANtM?1 MORTGAGE NOTE Princ;pal Aawunc: 513.000.00 Date ot Nots: Nov~mber 18, 1975 Maturity Date: TtlI1 Years Inte,ese Raei: 9t • , Amorsisation Period: ~om the day l,ereot to the Maturity Date. Instalment Payment: $161.68 ~rat Inatatment Payment Dete: ~CC@Ilt2~Z 2b ~ 1975 FOR VALUE RECEIYED. the underaigned and if tnore than one. jointly and severaUy (the Msker), doea her~by covenant and prnmise to pay to the order of Sun Baak oi St Lucie County or to ita successors or e~ssigas (collectively the Payee), st its principal offiee at 111 Orange Ave., Fort Pierce. Fla. or at such other place ss !he Payee n~sy designate to the Maker in writing irom time to time~ in legal tender oi the United States. the Prlncipsl Amount togetber ~viW interest at the Iaterest Rste on the unpsid batance of the Principsl Mwwnt, The sums due and owin~t berewider ahaU be payable durin6 the Amortisation Period in equal monthly insWments. eacb in We amount ot the Instalment Payment, the Cud suc6 Instalment Payment to be made on the FYrst InsfeIment Payment Date aad su6eequent Insta[ment Paymenb on the tizat day of each mont6 thereafter unW the Maturity Date whereupon tbe entie+e unpaid b~ance of psiAcip:il aad intere~t accrued and unpaid tleereon shall become due and pay- able; each wch instalment when paid shall be applied ~rst to the payment of interest on tbe unpaid balanoe at t6e In• tereat Rate and the remainder thereof to payment on acoount of principal. I[ any Iaatalment Payment ahalt nat be paid wben due. then the entira psincipsl aum and aocn~ed intereat hen- under aliall become due and payable at onoe or thereatter. at the option d the holder of tlus Note. T6e Payee may. at ita optioa, ooUect a late charge not to ezcaed two oenta for each o~ doUar of eed~ Instalment Payment not paid when due to reimbuege the Payee for ezpenaes of servicing delinquent Instalment Payments. Fsilune to ezercise t~ese options shall not eonatitette a waiver of tLe tight to eYerciae !be seme in the event of sny aubseqnent default It is further e~reed that the Maker and e~ch endoraer, surety, ~uuarantor. joinUy and ~everally, ahall pay all costs ot collection of thie Note. including a reasonable attorney's fee, on feilw+e fo pey any Inetalment Payment or any aoc~nied intereat due bereunder on the d~e date thereof. Tleis Note and all aums due beneunder shal! bear intereat at the ~t lawful rate of interest per annum in the State of Florida fsom the date wh~ the principal and aocrued intereat under thia Note shall be due and payable. 1Le total interest payable hereunder ehall not in any one year ezoced the bi~hest lawful rate of interest in the 3tate of Florida. This Note ia aecured by a Mortgage. dated tbe date hereof. of property situated in the 3tate of Florida. The Maker agreea that it ahall be bound by any agreement eztendiag the time or modifying We above tern~e of payment. tnade by the Payee and the owner or owners of the pmperty a[[ected by said Mortgage, whetber with or with- out notioe to the Malcer. and the Malcer shal! continue liable to pay the amount due bereunder, but with interest at a rate no greater than tbe Interest Rate, secord'uy; to We terms of any such agreement of estensioa or modification. The unpaid balan~e of the Principal Amount, plua aocsued interest ahall beeome due and payaple at the option ot the Payee under the happening of en event by which said balance ahall or may become due and p~Yable under the terma of said Mortgage. This Note may not be changed orally. but only by an agreement in writing, aigned by the y against whom en- foreemeat of any waiver, change, modification or diecharge is aoughk All partiea to thia Note, whether Maker. prinripal. aurety. guarantor or endorser. hereby waive presentment for payment, demand, protest, notice ot protest. and notice ot dis6onor. and ezpreasly agtee jointly and severally to reinain and continue bound tor t6e payment of the princigal and interest provided for by the tenos o[ this Note. notwiihstaredina eny eztensioa or eztenaiona of the time ot. or tor !he payment of said principal or iatee+eat, or anq change or chanses in the amount or amounts agreed to be paid under or by virtue ot the obGgation to pay pmvided tor ia tbis Note. or any chenge or changea by way of release or surrender or substitution of any r~l pmperty and collateral, or either. 6eld as eecurity for this Nofe, and veaive att and every kind of notice o[ sucb eztension or eztenaiona. e6ange or changp, and agree that the same may be meade without the joinder of t6e Meker. /~dcires~ 528 South Fourth Strett For~ Pierce, Florida 33450 /s/ David K. Gosney . /s/ Regina V. Gosney 0 F PACf~~~ BOaK ~ tR71~M !fJ - PRIAfl1: I/ S,IJ~ ~ . - - _ _ ~ 3 . _ ~ " ~~~~"'~.~k a~i~,..C° m.. • i"~~''~$;'tn,s.