HomeMy WebLinkAbout0056 ~~[w~~M[hv~
_ MORTGAGE NOTE
~ri~i A~t: ~20,Q00.00 ~c~ or No~: April 8, 19~6
Maturity Date: 1 ye8t •
Ra~: ~s -
Amortization Period: Rro:n the ~iay hereof ta the Maturity Datr.
Instalment Pay~.r.nt:
$20, 000.0~ pl•.ia intarest c~~te April 8, 19?7
Firstlnsiatnsent Fayment I~te:
- FOR VAI.U~ RECEI~'ED. the undersigned and if mor~ than one, jointly and aeverally (thc ~laker). doea herEby
covenant and psomise to pay to the order of Sun Bank c?f Sk Lueie County or to its aucc~sors or assigna fcollr~ti7elp tlee
Yayee). at ita principal office at 111 Oro.~ge Ave.. Fort Pierce. Fla. or at auch other place ss the Papee may designste
to the Maker in writing from time to time. ir. legal tender ~f the United Statea. the Principal Amount together with
interest at the Intereat Rate an the unpsid balance of the Principal Aaaun~
i
he autns due ana ovYinl~ i?eteunae[ sbaii pC p9~/8D1@ DUItJt~( 1~1C AuNi[~is$uirwi ~'ciiut~ 'ue tyuni aii'vi~uuj 'uma'aai~ucaaw, -
each in ihe amount oi the Inataiment Naymeni. the f~zst such Instaimeat Yaymeat to oe made on th~ First I~~sianeni
Payment I?ate and subeequPn! Instalment Paymenta on the firat day ot e~ch month thereatter unW the Maturity Date
tiehereupon the entire unpaid t~snre of priqcipai and inieresf accrueti and unpaid thereon ahall ~.~ecome due and pey-
able; each auch instal~nt when pnid at~ail 6e apglie~d ~iat to the p~yment gf interest on t6e un~aid bslance at the In- ~
terest Rate and the remainder theceoE to payment on account ot principal.
If any Instalment Paycnenl ahall not be paid when due. then the entire princ:pai sum and accrued intereat here-
under shali become due and payabte at once or thereafter. at tlie optian ~f the holder of this Note. The Payee may. at
ita option, rnllect a late charge not to e~oeed two cents for eac}. one dollar o[ each Inatalment Payment not paid when
due to reimburs2 the Payee for expensea of eeMCing dclinquent Inatalment Paymenta. Failure to ezercise these options -
ahall not constitute a waiver o[ the right to e:enise the aame in the event of any aubee~uent detaul~
It is P~rther ~reed that the Mac~r and each endoraer, aurety, guarantor. jointly and severally, ahaU pay a11 caata of
collection of this Note, iacluding a neasanable attorney's fpe, oa fail~cee to pay aay Instalc,ent Psyment or sny acrrued
iuterest due hereunder on the due daie thereaf. This Note and all sums due hercunder a6a11 bear intereat at the Lighest
lawful rate of :nterest pea annum in the Q:~~~ !~!s•iaQ Er^.^.: 3sie ~!:r :;.a: a;..'. :.....-~rued interest under
thia Nc+te shall be due and payable. The total interest payable hereunder shali not in any one year e:ceed the higbest
lawtul rnte o[ enterest i:s the StaLe of Flosi~.
I This Note is secured by a Mortgage, datd the dat~ hereot, of property aituated in t6e State of Ftorida.
I
~ The Maker agrees that it shall be bound by any agreemeat e:tending the time or madifying the above -terms of
~ payment, made by the Payee and the owner or ovmers of the proferty affected by said Mortgaqe. whetl~er with or with-
( out notice to the Maker, and ihe Maker ahall continue iiable to pay the amwnt due heNeunder. but with interest at a
~ race no greater ti~an tne Incerest itace, aecoraing to tne [erma oi riay sucA aazs~emeni ui axiC..siv;; ui u.:n;;.:w~:.:._
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( The unpaid balanoe ot the Principa! Amoun:. plus accrued interest shall beceme due and payable at the option of
the Payee under the happening ~f an event by which said lance shall or may become due and payable ut~er ihe terms
of said Mortgage_ .
`Ibis Note may no! be changed orally, but only by~~~n agreement in writing. ~igned by !he pariy against whom en-
~ fonrmeni oi any waiver, cnun~r, mvdincaiion or d~scnarge is sought.
All parties to thi.s iVote, whether Maker, principal, aurety. guarantor or endorser, hereby waive presentment for
payment, demand, urotest. notice of pmtea±, and notice of diahanor. and e:pr~~ly agree jointly and aeverally to remain
and cuntinue bound [or t6e payment of the principal and intereat provided tor by t6e terms of this Note. notwiShstanding
any eztension or eztensiona of the time of, or (or the payment o! said principal or ir~ter~st, or any change or rhanges in
the amour_! or amount,s agreed to be paid under or by virtue ot the obligatinn to pay provided for in this Note. os any
change or chanqes by way ot rnledse or sarrender or aubstitution ot any real pmperty and coliateral, or eit6er, held as
security for this riote, and ve3ive ai! and every kind of notice of such e:teneion or e:tensions, change or c6anges, and
agree that the same may be made without the joinder ot the Maker.
7y03 Sebaatiau~ Road -
-Fort Pie~ce, Florida 33450
/s/ Lilbyrn L. Helmich
m /s/ LomiE Y. Hel~ich
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