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Home My WebLink About0838 ICON~TItUC~ION ~NO ?~ANAMtMTI MORTGAGE NOTE No~: ;3s. ooa oo ~ Na~: ~p~ 1976 Maturity Date: TN Y~sf Interest Rate: 0 S/~~ Iaterest Period: Fro~n the date }~sreot tbrooah Amorti:ation Pedod: F~an the day after ths Interest Period to the Maturity Date. - ~~pt r~,~„~: ~~a.6s - . First Instalment Payment Date: ~ Sept. 1, 1976 FOIt VALUE RECEIVED. the undersigned and if more than one. 3cintly ~nd severall~ (the Maker). does hereby eovenant and promiae to qy to the order of Sun Bsnk of 3k Lucie County or to its sueeeesoss o: aasigns (eollectively.the Payee). st its psincipal office st 111 Orange Avenue. Fod P~eree. Fta. or at sueh other plaee ss the Psyee may desisaate to the Mai~er ia writing irom time to time. in leg~l tender of the United Statea. We Amount oi the Note or so much thereoi as may be advanedd (the Principal Amount) by the Payee purauant to a construetion loan agreemet~t ot loan commitment, between the Maku and the Payee, together with interest at the Interesi Rste on the unpaid bals.nce ~ ths Principal Amoun~ ~ Duru~ the Interest Period intereat from the date of each advauc8, at the Interest Rate. shall be peyabk awnthly on tbe Grat day of the month follov~p.n6 the month in which the Tirst advance ia made and on tbe firat day of each month tber~tter, duria6 the Amorti~tion Penod equal monthly instelments. ~ch in the aaiount ot t6e Imtalment Payment. tbe Grat s~ic6 Instalu~ent Payment to be made oe We Flist Instalment Payment Date and auhsequent Instalment Pay- menb oA the first day ot each moath t}iereatter until tbe Maturity Dats whereupon the entire unpaid balance ot principal and inteteat accrued and unpaid ihereon shall be~~ome-due and payable; ~ch such-instalment w6en 4sid ahal: be applied first to the payment ot interest on the unpaid b~alance aE tlie Interest Rate and t6e rEraaiader thereof to paymen~ on acrount ot principal. - If intereat or any InataLnent Paymeat ahall not be paid w~en due, then the entire principal sum and accrued interest hereunder shall become due and payable at once or thereatter, at the option o[ the holder of this Note. The Payee may, at its option, collect a late charge not to ezceed two cents Eor each one dollar of each Inslalment Payment not paid when due to reimbuise the Payee for e:penxs o[ servicin; delinquent Instalraent Payments. Failu~ to e:enve these optioas shall aof constitute a waiver of the riaht to e:ercisa the name in the event uf any subsequent detault i It is further agreed thaf the Maker and ~c6 er~dorser. aurety. guarantor. jointly and severally. shaU pny all casts ot colloction of this Notr, including e reasonable attorney a tee, on Iailure to pay any Inatatment Payment or any acrrued intereat due hereunder on the due date_thereof. This Note and aU s•ams due hereunder ahall bear intewst at the higheat - lawful rate of intermt per anniun in the 3tate of Flotida fsom the date when the principal and acrnied interest nnder _ this Note ahall due and payable. The total intereat payable hereunder ahall not in any one year ezceet7 the highest lawtul rst~ of interest in the 3tate of F7orida. - Thia Note secured by a Mortgage, dated the dr~te hereof, ot property aituated in the State ot Florid~. Tl~e Maker agrees that it ahal! be boand by any agreement e:tending the tim~ or modifying tbe above terms oi p~y- ment, made by tbe Payee and the owner or ownera of the property aI[ected by said Mortgage, whether'witli or without notice to the Maker, and the M~ker ahap continue liabie to pay the amount due hereunder, but with interest at a rate no greater t6un the Interest Rate, acoording to terms o~ any such agreement of eztension or modif'ecation. 'The unpaid balanee of the Principal Arnount, plus accrued intereat ahall become due and payable at t6e opti~n of the Payee •under the happening o[ an event by which said balanee shall or may become due and' payable under the tenns of said Mortgaae_ Thia Note may not be changed orally, but only by ai~ agrcement in writing, ~igned by the party againat whom en- forcement of ~.y waiver, change, modification or dixharKe ia aought_ All parties to this Note. whether Maker, principal, aurety, guarantor or endoner, hereby waive presentment for ~ayment, demand, pmteat, notice of proteat. and notice of dishonor, and e:presaly agree jointly and severally to remain and continue bound tor the peyment. ot the principal and iniez~t provided for by the terms of this Note, notwitbstandina any e:tension or eYtensions a( the time of, or tor tne pay-ment o[ said principal or interest, ef--any c6ange or cl~angd in the amount or amounts agreed to t~e paid under or by virtue o[ the obli6aron to pay provided for in this Note, or . any change or chan6es by way of release or aurrender or substitution of any real pmperty and rnllateral, or either. held as ae~vrity tor this Note, and waive all and every kind o[ notice of suc6 e:tension or e:te.~ions, change or rhange,a. and agree t6at t6e same roay be made without the joinder ot the Maker_ P~civil~ oi pr~paya~nt ot ant ~w~onat at . aap tls~ is h~r~ qiwa ~itbont patialty. - _ ~ / s / Elmer M. Stapleton ~ /s/ Josephine .T_ Stapleton 251 ~ ~'7 - t~.,i..,:, _ e~:r.:i: e= s~ r..t