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HomeMy WebLinkAbout0093 i ~~ERY~NENl1 ~ MORTGAGE NOTE ' ) i 1 { Principa) Amount: al ~ e~00. a~ Date of Note:N~~r ZD ~ 1975 ~ ~ i Maturity Date: $~~ea Years i ~ InterPSt Rate: 10~ . ~ ~ s Amortization Period: From the day hereot to the Maturity Dnte. ; 3 Inatalment Payment: sZ4.91 First lnstalment Pnyment Date: J~ual~ S~ 1976 FOR VALliE ftECE1VF.D. the undersigned and if mote than one, jointly and se~erally (the ~taker), dces hereby co~enant and promise to pu} to the oriler of Sun Bank of St. Lucie Counly or to its successots or assigns (collectively the Yayee). at its principal office at 111 Orange A~e., Fort Pierce, Fla. or at such other place as the Pu~•ee may designate to the biaker in writing from time to time, in legal tender of the linited Stutea. the Principal ~mount together with interest at the Interest Rate on the unpaid balance of the Principal Amounk The sums due and owinR heteunder shall be paynble dunng the Amortization Period in equal monthly instalments, each in the amount ot the Insfnlment Payment, the [irst such Instalment Payment to be made on the Fi~st Instalment Payment Date and.subaequent lnstalment Payments on the firat day ot each month thereatter untit the Alaturity Date ; whereupon the entire unpaid balance of priqcipal and interest accrued and unpaid thereon shall become due and pay- ; able; each such instalment when paid shall be applied fitst to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereof to pnyment on account ot principt?L f i If any Instalment Payment shall not be paid when due, then the entire principal sum and acrrued interest here- ~ under shali become due and payable at once or thereafter, at the option ot the holder o[ this Note. The Payee may, at ~ iL4 option, collect a late charge not to exceed two centa [or each one dollar ot each lnslalment Payment not paid w•hen j due to reimburse the P~yee (or expenses of servicing delinquent Instalment Payments. Failure to exemise these options . shall not consiitute a waiver of the right to exemise the same in the event of any subseq~ent default. Y It is furti~er agreed that the Maker and each endorser, surety, guarantor, jointly and severally, shall pay all costs of ; collection of this Note, including a reasonable attorney's fee, on failure to pay any Instalment Payment or any accrued : interest due hereunder on the due date theteof_ This Note and all sums due hereunder shall bear interest at the highest z iawful rate of interest per annum in the State of Florida from the date when the principal and accrued interest undet this Note shatl be due and payable. The total internst payable hereunder shall not in any one year exceed the high~t lawtul rate of interest in the State of Flotida. 1'his Note is secured by a Mort~;age, dated the date hereof, of property situated in the State of Florida. I The Maker agrees that it shall be bound by any agreement extending the time or modifying the atwve terms of ; ; payment, made by the Payee and the owner or owners o[ the property af(ected by said Mortgage, whether with or with- ~ ~ out notice to the Maker, and the 114aker shall continue liable to pay the amount due hereunder, but with interest at a = ~ rate no greater than the Interest Rate, accordinR to the terms of any such agreement of extension or modi[ication. ~ j The unpaid balance of the Principal Amount, plus accrued internat shall become due and payabie at the option of ' ~ the Payee under the happening ot an event by which said balance shall or may bec~ome due and payable under the terms - of said Morigage. ; This Note may not be chanRed orally, but only by an agreement in writing, signed by the party aRainst whom en- forcement of any waiver, chanRe, modification or discharge is sought. ~ < All parties to this Note, whether 111aker, principal, surety, guarantor or endorser, hereby waive presentment tor ~ payment, demand, protest, notice of protest, and notice of dishonor, and e:pressly agree jointly and severally to remain : and continue bound for the payment of the principai and interest provided for by the terms of this Note, notwithstanding ~ any extension or extensions of the time ot, or (or the payment o( said principa! or interest, or any change or changes in ~ the amount or amounts agreed to be paid under or by ~~rtue of the obligation to pay provided (or in this Note, or any ~ change or changes by way of release or surrnnder or substitution of any real property and collateral, or either, held ~c = security for this Note, and Kaive all and every kind of notice of such eztension or extensions, change or changes, and ~ agree that the same may be made without the joinder of the b'Iaker. ~ 3 222A t~o~th 53rd StreQt ~ F'ort Pierce, Plorida 33459 ~ ~ . /s/ Benjamin F. Coleman i _ - ~ . ~ ~ } ~ _f~~~~1 1 i s M C_c~l Pman ~ > F~'.,fM 91? - FPl.~:: i~: PT h=.t5~ ~ t) ~ ~ ~ {'1 ~ sc~•.~,~.5 F~c~ 4 3 ~ ~~~__y, '~c~..w'.__._... . - _ '