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HomeMy WebLinkAbout0829 ~~[AY~hEN~~ MORTGAGE NOTE . p~~~~~ p~~~_ $Zb~.5.70 _ Date ot Note: A~ril 12, s976 Maturity Date: 36 mo~clth8 Intcrest Rate: j'J~ Amortization Period: From the day hereot to the Maturity Date. Inatalment Pnyment: $52.15 flrat Instalment Paymeat Date: ti[ay 1, 19 76 FOR V~LUE RECEIYED. the undersigned and if mote than one, jointiy and severally (the ~laker). doea hereby co~enunt and promise to pay to the order ot Sun Bank ot S~ Lucie County or to its successors or assigns (eollectively 1he Payee). at its principal office at 111 Orange A~e.. Fort Pierce. Fla or at such other place as the Payee may designate to the 3laker in Hritiag from time to time. in leRal tender of the United States. the Principal Amount together vrith interest at the Interest Rate on the unpaid balance oi the Principal Amoun~ The sums due and owinR hereunder shall be payaWe during the Amortizatinn Period in equel monthly uutalmenta. each in the amount of the Inatalment Payment. ~the tirat such lnstalment Pay-ment to be made on the Fint Inatalment Payment Date and subaequent Instalment Payments on the tirst day ot each month ihereatter until t6e Maturity Date ' whereupon the entire unpaid balance o( principal and intereat accrued and unpaid thereon ahall become due and pay- able: each such instalment when paid shaU be applied tirst to the payment o[ interest on the unpaid balance at the In- terest Rate and the remainder lhereo( to payment on account of principal. If any Instatment Payment shali not be paid when due, then the entire principal sum and accrued intei+eat here- under shall be~~ome due and payable at once or thernafter, at the option of the holder ot this Note. The Payee may, at its option, rnllect a late charge not to e:ceed two cents [or each one dollar ot each Instalment Payment not paid when due to reimhucse the Payee [or e:penses of servicing delinquent Instalment Paymenta. -Failure to exercise these options shall not constitute a waiver of the right to e:emise the same in the event of any subeequent default. , It u turther agreed that the Maker and each endoraer, surety, guarantor. jointly and severally, ahall pay alt ~its af collection of this Note, including a reasonable attorney's tee, on tailure to pay any Instalment Payment or any accrued interest due hereunder on the d:~e date thereof. This Note and all suma due hereunder ah~:l bear interest at the hig}~est lawiul tate of interest per annum in the State of Florida fcom the date when the principal and acetued interest under i this Note shalt be due and paynble_ The total interest payabie hereunder shall not in any one year e:cPed the hi6hest lawful rate of interest in the State of Florida. - This Note is scrured by a Mortgage, dated the date hereof, ot pmperty situated in the State of Florida_ 1'!~e Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above tern~ of payment, made by the Payee and the owner or owners ot the property. affected by said Mortgage, whether with or v~ith- , out notice to the Maker, and t4~e Maker shall continue liable to pay the amount due here~u?der, but with interest at a rate no greater than the Interest Rate, acrording to the terms ot any such agreement of e:lension or mo~ifa;ation. The unpaid balance of the Principal Amount, pius acrrued interest shall become due and payable at the option of the Payee under the happening of an ever.t by which said balance shall or may become due and payable under the terma of said Mortgage_ 'I'his Note may not lie changed orally, but only by an agreement in writing, signed by the party againat whom en- (orcement of any waiver, chanqe, modification or dixharqe is sought_ Ali parties to this Note, whether Maker, principal, surety: guarantot or endor~er, hereby waive pt+esentment for payment, demand, pmtest, noti~e of protest, and notire ot diahonor, and e:pressly agree jointly and severally to remain and continue bound for the payment of the principal and interest prorided for by the terms ot this Note, notwithetanding any e:tension or extensians of the time of, or tor the payment ot said principal or interest, or any change or changea in the amount or amounts agreed to be paid under or by virtue of the obligation to pay pmvided for in this Note. or any change or changes by way of release or surmnder or substitution of any real property and collateral, or either, held as security tor this Note, and w-aive all and e~ery kind o( notice ot auch e:tension or e:tension9, change or changes. and agree that the same may be made without the joinder ot the Maker. 2704 Okeachobee Rc~dc~ Fort Pierce Comraunication, Inc. Fort Piesce, F2orida 33~50 by-:/s Tec~ Bergenroth President i r.,wr ~zi - F=;~rtr. s~ srvs - ,~.f.~ _z_,~~'