Loading...
HomeMy WebLinkAbout0064 ~ ?ERM~NIN7 i t i ~ ~ ~ MORTGAGE NOTE ~ ~ Pr:ncipal Amount: ~ Date ol Note: ~1?. ~i~ 1~7s Ma~urity Da~e: ~ ` Interest Rate: ~s ~ Amortization Period: From 1he day hereof to the Meturity Date. ~ ~ Inatalment Payment: ~~17 ~ Firat Inatalmeat Payment Date. Feb. 23, 1976 ~ FOR VAWE RECEIVED, ihe undersigned and if more than one, joindy and se~erally (the 111aker)~ does hereby covenant and promise to pay to the order of Sun Bank of S~ Lucie County or to its successors or assigna (collectively the Payee), at ita principal office at 111 Orange Ave.. Fort Pierce, Fla. or at such other place aa the Payee m8y designate to the Maker in w riting irom time to time. in legat tender of the United Statea~ the Principai Amouat together with interest st the Interest Rate on the unpaid balance of the Principal Amount The sams due and owing hereunder ahall be payable during the Amortization Period in equal monthly instalmente. ~ each in the amount of the Inatalment Payment, the fitst such Instatment Payment to be made on the First rnstalment < Payment Date and su6sequent Inatatment Paymenta on the Iirst day of each month thereatter until the Maturity Date whereupon the entire unpaid balance ot principal and interest accrued and unpaid thereon ahall become due and pay- able; each such instalment when paid shall be applied firat to the payment o[ interest on the unpaid balance at the In- ~ terest Rate and the remainder thereot to payment on account ot principal. ~ IE any Instaiment Payment shall not be paid when due. Wen the entire ~ principal sum and accrued interest here- under shall become due and payable at once or thereafter. at the option of the holder of this Note. The Payee may. at its option, collect a late charge not to e:ceed two centa for each one dollar of each Instalment Payment not paid when due to reimburse the Payee for e:penses of aetvicing delinquent Instalment Paymenta Failure to ezercise theae options shall not constitute a waiver of the right to exercise the same in the event of aay subeeyuent defaulL ! It is further agreed that the Maker and each endoraer. aurety. gaarantor, jointly and aeverally. ehall pay all coata of collection of this Note. inctuding a reasonable attorney's fee, on failure to pay any Instalment Payment or any acerued interest due hereunder on the due date thereof. This Note and all sums due hereunder shall bear interest at the higheat lawful rate of interest per annum in the State of Florida from the date when the principal and accrued interest under this Note shall be due and payable. The total intereat payabte hereunder shalt not in any one year ezceed the 6igheat " Iawful rate of interest in the State of Fforida. This Note is secured by a Mortgage, dated the date heceof, of property aitusted in the State of Florida. The Maker agrees that it shaU be bound by any agreement e:tending the time or modifying the above terms of payment, made by the Payee and the owner or owners of the property affected by said Mortgage, whether with or with- out notice to the Maker, and the Maker shall continue liable to pay the amount due hereunder. but wit6 intereat at a rate no greater that~ the Interest Rate, according to the terms of any such agreement of e:tenaion or modification. The -unpaid balance of the Principal Amount, plus acrrued interest shail beeome due and payable at the option of the Payee under the happening of an event by which said balance ahall or may become due and payable under the terms of said Mortgage_ . ~ This Note may not be changed oratly, but only by an agreement in writing, signed by the party against whom en- ~ fomement ot any waiver, change, modiCtcation or discharge is sougbt_ • ~ j All parties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment for payment, demand, protest, notice of protest. and notice o[ dishonor, and e:pressly agree jointly and severalty to remain and continue bound for the payment oE the principal and internst provided !or by the terms of thia Note, notwithatanding any e:tension or e:tensions of the time oi, or for the payment of said principal or interest, or any change or changes in the amonnt or amounta agreed to be paid under or by virtue o[ the obligation to pay pmvided for in this Note, or any change or changea by way o[ release or surrender or substituEion of any real property and coilateral, oc either. heid as security for this Note, and w•aive all and every kind ot notice o( auch e:tension or e:tenaions, change or changes, and agree that the same may be made without the joinder of the Maker. Marion L. Johnson ~ ; ~ . . ~ F:..~Si.r"7C~ f~~E ~ F'~i7~I it! - FfJ/tlt; er br.ue~ ~ . . . .,,-z. ' ~ 7 ~ ~ -=F.~' 'y~.s a4 ~ ~j. ~wT~`r~h~~.~ :L:s-w ~xX T~.+,.f~;._ _ • ' . ~•`a'~5uY1~ ~'~^++~i ~ --xd.