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HomeMy WebLinkAbout0318 ~~c~u~HCNr~ MORTGAGE NOTE 3 Principal Amount: S10 ~ OOO. Date of Note: 17 ~ 1976 _ Maturity Date: TOA Year• ; . z Interest Rate: 8 3~+~ Amortization Period: Fmm the day hcreot to the Maturity Date. : Inetnlment Psiyment: $125.33 pe]C .IDO31th ' First Instalment Pt~yment Date: ~y 1~ 1976 _ c FOR VALUE RECEIVED, the undersigned and if more than one, jointly and severally (the Maker), dcea hereby ~ cocenunt and promise to pay to the order of Sun Bank of St. Lucie County or to its successora or asaigns (collectively the ~ Yayee). at ita grincipal of~ce at 111 Orange Ave.. Fort Pierce. Fla. or at auch other place ns the Payee msy designate to the Makes in vrriting from time to time. in legal tender of 'the United States. the Principal Amount together v~~th interest at the Interest Rate on the unp~id balance of the Principal Amount. The aums due and owinR hereunder shall be payable during the Amortization Period in equal monthly inatalmenta. each in the amount o[ the Inatalment Payment, the [irat such Inatalment Payment to be made on the Firat Instalment Payment Date and subsequent Instalment Paymenta on the firat day ot each month thereatter until the Maturity Date whereupon the entire unpaid balance ot principal and interest accrued and uapaid thereon ahall become due and pay- ~ able; each such instalment when paid shall be applied tirst to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereot to payment on account oi principal. ~ # If any Instalment Payment shall not be paid when due. then the entire principal sum end accrued intereat 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, col[ect 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 aervicing delinquent Instalment Payments. Failure to e:ercise the.ae options ~ shall not rnnstitute a waiver of the right to exerrise the same in the event of any subaequent default. ~ ~ It is further agreed that the Maker and each endoraer. surety, guarantor. jointly and ae~erally, shall pay all costa ot ` cottection o[ this Note. including a reasonable attorney's fee, on tailure W pay any Inatalment Payment or any accrued interest due hereunder on the due date thereof. This Note and all sums due hereunder ahall bear interest at the highest lawful rate of interest per annum in the State of Florida from the date when the principal and accnted interest under this Note ahall be due and payable. The total intereat payable hereunder shall not in any one year e:ceed the highest lawful rate of interest in the State of Florida. 1'hia Note is aecured by a Mortgage, dated the date hereof, of property situated in the State of Florida. The Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above terma ot payment, made by the Payee and the owner or owneis of the property affected by said Mortgage, whether with or with- i out notice to the Maker, and the Maker shall continue liable to pay the amount due hereunder. but with intereat at a i rate no greater than the Intetest Rate, according to the terma of any such agreement of e:tension or modification_ ~ The unpaid balance ot the Principal Amount, plus acrrued interest ahall become due and payable at the option of ~ the Payee under the happening of an event by which said balance shall or may become due and payable under the terms ~ ~ ot said Mortgage. • ~ ' ! ~ g ; ~ This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- ; torcement of any waiver, change, modification or discharge is aought. ~ All parties to this Note, whether Maker, principal, surety. guarantor or endorser, hereby waive presentment for i ~ payment, demand, protest, notice of pmtest, and nolice ot dishonor, and e:pressly agree jointly and severally to remain ~ and continue bound for the payment of the principal and int~rest provided tor by the term"s oi thia Note, notwithatanding any e:tension or e:tensior~s o[ the time ot, or for the payment ot said principai or interest, or any change or changea in the amount or amounts agreed to be paid under or by virtue ot the obligation to pay provided for in thiB Note, or any ~ change or changes by way of release or surrender or substitution of any real pmperty and collateral. or either, held as ~ security for this Note, and ~raive all and every kind of notice of such eztension or eztensions, change or changes, and ~ agree that the same may be made without the joinder of t6e Maker. ~ ~ s r~ ~ ~ ~ (signed) ~ Address: ~ 107 Fisherman's Wharf JaGc R. Milla ~ Fort Pierce, Florida 33450 ~ ~ ~ • ; ~ ; ~ . ~ ~ i. ~ r ~ ~ ~ Rt~C t ~ ! t _ } P"d!f D2S - PA7171t~ Dl ~AR~ ~ ~ ~ ~ ~ _ . _ a - . . = ~ ~ ` ' ; _ ~ r~~~ ~ , ~ " ~r ~ . ~ . Y r,» ~y~~ ~ . _ ~.as~~ :~,r~ ~ ~ ~ ' ~ ~ ~~:a~ .