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HomeMy WebLinkAbout0283 ; 1?ERM~NENTI MORTGAGE NOTE ' Principal Amount: $12 ~ S00 . 00 Date ot Note: JuI10 2~ 1976 ~ t Maturitv Date: T~,,,~? y~~~'~ i i a Intereat Rate: g1~~ ~ Amortization Period: From the day hereof to the l~taturity Date. # . t Inatalmerr: Payment: $1SA.99 i First Instalment Payment Date: Auqust 1, 1970 FOR VALUE RECEIVED. the underaigned and if more than one. jointly and severally (the 1liaker), dcea hereby covenant and promise to pay to the order of Sun Bank of S~ Lucie County or to its successors or assigns (collectively the Payee), at its principal office at 111 Orange Ave.. Fort Aerce. Fla or at such other place as the Payee may designate Lo the J~iak~r in a-riting from time £o £ime, in lega! tend~r of ihe Lttitetl St.3tes~ Zhe Prineipat Arr~~~:nt tcrg~ther ~~ith interest at the Interest Rate on the unpaid balance of the Principal Amoun~ ~ ~ The sums due and owinR hereunder shall be payable during the Amortization Period in equal monthly instalmenta. E each in the amount of the Inatalment Payment, the first auch Instalment Payment to be made on the Fitat Inatalment ~ Payment Date and subsequent Instalment Paymente on the tirat day ot each month thereafter until the Matnrity Date t whereupon the entire unpaid balance ot principal and intereat aceneed and unpaid thereon ahafl become due and pay- ` able; each such instalment vrhen paid shall be applied (iist to the payment of interest on t6e unpaid balance at the In- : terest Rate and the remainder thereof to payment on account ot principal. ` 3 If any Instalment Payment s}wll not be paid when due. then the entire principal sum and 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, collect a late charge not to ezceed two cents for each one dollar of each Instalment Payment not paid when ° ~ i due to reimburse the Payee [or e:penses of servicing delinquent Instalment Paymenta. Failure to e:ercise these options : : yi~aii nui c~nsiiiuie a waiver oi ine rigni io eYrn•i:se ii~e axrt,r in ine rveni ui au?y au'uoeyurlii uriauii. It is turther agree~ that the 11laker and each endorser, surety, guarantor, jointly and aeverally, ahall pay all coets ot coliection o( this Note, inciuding a reasonable attorney's fee, on [ailure to pay any Instalment Payment or any aecrued i interest due hereunder on the due date thereo[_ This Note and all sums due hereunder shall bear intetest at the highest lawful rate of interest per annum in the State of Florida from the date when the principal and accn~ed intereat under Y this Note shall be due and payable. The totat interest payabie hereunder shall not in any one year excc~ed the highest lawful rate of interest in the State of Florida. , i I This Note is secured by a Mortgage, dated the date hereof, of property situated in the State ot Florida. r i i The Maker agrees that it shall be bound by any agreement extending the time or modifying the above tem~s ot ! payment, made by t~he Payee and ihe owner or owners oE the property affected by said Mortgage. whether with or with- f out notice to the Maker, and the Maker shali continue liable to pay the amount due hereunder, but with intetest at a e rate no qreater than the Interest Rate, accordinR to the terms of any such agreement o[ extension or modification. The unpaid belance of the Principal Amount, plus accrued intereat shall become due and payable at the option o[ the Payee under t}?e happeninq ot an event by which said balance shall or may become due and payable under the tetms of said Mottgage. - e.. This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- - [orcement of any waiver, change, modification or discharge is sought. All parties to this Note, whether Maker, principal, surety, guarantor or endorser. hereby waive presentment for payment, demand, protest, notice of protest, and notice of diahonor, and e:pressly agcee jointly and eeverally to remain and continue bound for the payment o( the principal and interest provided for by the terma of thia Note, notwithstanding any estension or e:tensions of the time o(, or tor the payment ot said principal or interest, or any change or changes in - the amount or amounts agreed to be paid under or by ~~rtue ot the obligation to pay provided tor in this Note, or any change or changes by way of release or surrender or substitution ot any real property and collateral, or eit6er, held as security for this Note, and w~aive all and every kind ot notice of such e:tension or eztensions, change or changes, and agree that the same may be made without the joinder of the Maker. ' I02 ::orth 3~t.~ Street Fort Pierce, ~lorid~? 3345~ . ~ /s/ Bernard O. Amos /s/ Era V. Amos 5 i ~ i ~ i 2~3 P~~ ~3 ' . e f".dM i2! - fFrl;.r: Dl :V±lR~ ~ x x ~ _ , _ . _ . . ~ - ~4. . . .