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HomeMy WebLinkAbout0950 ~~FNMAN[H~1 MORTGAGE NOTE . PrinciPai Amount: S 3~ 000. OQ Date ot Note: JLU1@ 4~ 1976 Maturity Date: `1~?O YBar8 ; _ Interest Rate: 10~ Amortization Period: From the day hereot to the Maturity Date. , Instelment Payment: $139.00 ~ ~ First Instalment Payment Date: July 4 , 19'l 6 ; FOR VALUE RECEIVED, the undersigned and ii more than one. jointly and severally (the Maker). dces hereby ; covenunt and promise to pay to the order of Sun Bank of St. Lucie County or to its successors or assigns (collectively the Payee). at its principal office at 111 Orange Ave., Fort Pierce. Fla. or at such other place as the Payee may designate : ~ to the J~daker in w-riting from time to time. in legal tender of the United Statea. the Principal Amount together vvith ~ interest at the Interest Rate on the unpaid balance of the Principal Amounk : S The sums due and owinR hereunder ahall be payable during the Amortization Period in equal monthly inatalmente. ~ each in the amount ot the Instalment Payment, the tirst such Instalment Payment to be made on the Firat Instalment : Payment Date and subsequent Inatalment Payments on the fiist day ot each month thereatter_ untit the biaturity Date i whereupon the entire unpaid balance of principal and intereat accrued and unpaid thereon shall become due and pay- able: each such instalment when paid shall be applied ~irat to the payment of interest on the unpaid bnlance at the In- terest Rate and t6e remainder thereot to payment on account of ptincipal. If any Instalment Payment shall not be paid when due. then the entire principal sum and accrued intereat here- ' under shall become due and payable at onoe or thereafter, at the option ot the holder ot this Note. The Payee may, at ! its option, collect a tate charge not to e:c~eed two centa tor each one doltar of each Instalment Payment not paid when ' due to rnimburse the Payee for e:pensea of servicing delinquent Instalment Payments Failure to e:ercise these options ~ ahall not constitute a waiver of the right to e:ercise the same in the event of any subaeciuent de[ault. ~ ~ It is further agreed that the Maker and each endorser, surety, guarantot, jointly and eeverally, shall pay all coets of ~ collection of this Note, including a reasonable attorney's fee, on failure to pay any Inslalment Payment or any accrued ~ interest due hereunder on the due date thereot. This Note and aii sums due hereunder ahall bear interest at the higheat £ lawful rate of interesf pe~ annum in the State of Florida trom the date when the principal and accrued interest under ~ this Note shall be due and payable. The total interest payabte hereunder shall not in any one year e:ceed the highest lawful rate ~f interest in the State of Fiorida. ~ ~ ~ This Note is secured by a Mortgage, dated the date hereoE, ot property situated in the State of Florida. ~ ! { ! The Maker agrees that it shatl be bound by anv agreement extending the time or modifying the above terms of : I payment, made by the Payee and the owner or owners of the property affected by said Mortgage, whether with or with- ; out notioe to the Maker, and the Maker shall continue liable to pay the amount due hereunder, but with interest at a = t rate no greater •than the Interest Rate, according to the terms ot any auch agreement of extension or modification. ~ ~ The unpaid balance of the Principal Amount, plus accrued interest shall become due and payable at the option ot E the Payee under the happening of an event by which said batance shall or may become due and payable under the terms i of said Mortgage. ~ This Note may not be changed orally, but only by an agreecnent in writing, signed by the party against whom en- 4 ~ tomement of any waiver, chanqe, moditication or discharge is aought. ~ 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 dishonor, and e:pressly agree jointly and severally to remain ~ and continue bound for the payment ot the principal and interest provided for by the terms of this Note, notwithatanding ~ any e:tension or e:tensions of the time of, or tor the payment ot said principal or interest, or any chanqe or changes in ; s the amount or amounts agreed to be paid under or by virtue o( the obligation to pay provided for in thia Note, or any ~ change or changes by way of release or surmnder or substitution oi any mal property and collateral, or either, held aa ~ ~ security for this Note, and v?~aive all and every kind of notice of such e:tension or extensions, change or changes, and ~ agree that t6e same may be made ~+ithout the joinder o( the Maker. ~ fi49 .:orth 22r.dStreet Fort Pierce, Floric~a 33450 a ~ /s/ Birdie M. Ricks, a single adult : R t ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ 253 f~~~ 949 ~ i-• ,j r-~xr ;z~ - r~l~rrr, er ~nrtier ri x F;.. - _ ';a¢.L. ~,c~ _ - - ~ ~~~`~d' . _ _ . - . . _ . ~ r.-'u-~,,"