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HomeMy WebLinkAbout0592 • ~ , I~tAMAM~NTI . ~ j: S' t MQRTG~?GE NOTE ~~c: =1i.0~0.00 n.~ or rto~: 3~~R~1~s 1l7~ Matur~qi D~te: 'j'M ZMt~ ' ~lti a tiait~ `s1~s~a~ iw M!4~ ltl~t. ~l t 3/~ ~ - Amotti~tioa Period: ~Yoa4 tbs day b~reot to tl~s Matusity Date. ~~c =iS9.9E ~s ar~lti . t~ir.t In.talmeac Paymeac nste: Oaa1~! ~f. 1l7i F`OR VALUE RECEIVED, the nndenigned and if more thsA one. 3ointly and aever~lly (the Maker). dces hereby covenant and promiae to psy to the ~order of 3un Bsnk of Sk Lncie County or to ib succeesors or a~sigiu (eoUectivel~ the Payee). at Ib psjncipal offiee at ili Orange Ave.. Fort Pleree. Fla. or st sucb other plaoe as the Psyee nuy desisnate to the Maker in wrEting from time to tiane. i~ leesl tendu oi the UnIted Statea, the Pdneipsl Amount togetber rvlth it~terest st tha Interest Rate on tl~e unpaid bslst~os oi the Principsl Amouat The sua~s due and owinlt bereunder shaU be peyable durin6 tLe Amortisati~ Period in eqnal mo~tbly instalmenb. e~cb ia Ws amount ot tLe Ieidalment Payment, the t'ud wch Instalment Payment to bs mads on tLa Fiist Instalme~t Payment Date ard wb~equaat Indalment Paymeab oa tLe Cust day oi eaeb mont6 t6ereaEter uatil the Maturity Date w~reupon tl~e entire unpaid belsnce ot pr~i~ci~PW and intered accrued and nnpaid thereon ~hsll beoome due and pey- able; eac6 a~ch instalmeat w6en paid ahall be epplied fi~st to ths payment of interest oa tbe unpaid bslanoe at t6s In-. tere~t Rate and ths remeiinder tLereoE to {~qymeAt on account of principal. 8 any Instelment Paymeut ahall not be paid w6en due. t}~m t6e entirs pritwcipal sum and soc~ed inteee~t hsre- uader shall become due end p~yable at oooe or tbere~fter. at the optioD ot tl~s bolder of this Note. 'lbe Payee a~y. at ita option, coll~ect a late c6arse not to ~oeed Ewo ~enb for each ~e dollar ot esch Instelment Paym~t not paid wbem due to reimbur~e tbe Payes Eor ezpense~ oE serviciaa deiinqua?! Inafalmeat Paymenb. Failure to esen~se th~se optiotn ahsu n~ consticute a waiver ot We right co eurci.e cbe same in We eveac ot aq~? wbasqueat detsutc It is fu:t6er a~reed tLat the Maker and each endorser. a~retY. ~uarantor. jointly and ~evsraUy. s6~all paq? all owts ot oolkctioa of tLis No4. includins a neawnable attorney's fee. on failure to pay sny Instala~sat Psymsnt or any accnied interest due herennder a~ the doe date therwf. ~is Note and aU sums dne Mreunde: ~hnll bear interw! at the hia6est la~vtul rate of iaterast per annum in tbe 3tate at Florida trom the date ~vhsn the principal and aociued interest uader tl~is Note ahall be due and payable. '!be eotal iaterest payable here~u~der ahall not in any cos year e:ceed tLs hia}~st lawdul rate of interest in the State ot Florida. _ . T6is Note is secured by a Mort~e. dated the date hereot. ot PsopedY atuated in the State ot Florida. T6e Maker aarees that it ehall be bound by any asreerneat e:tendina tbs time or modiEyins tbe above teims of ; P~Y~k mede by tLe Payee and t6e owaer or awneis ot the property aftected by said Mortaaae. w~hetber with or with- ~ out notioe to tbe Mater, and the Maker shall oontinue liabk to pey the amonnt due l~ereunder, but with intere~! at a ~ rate no sreater tban tbe Interat Rate. aocordina to tbe tesm~ of any such agreement ot estemio~ or modificatio~. ~ T6e unpaid batanoe oE the Principsi Amonnt, Plus aecrued ineerest abait beoome due and p.yable at tLs option oE ~ the Payee under tM haPPenine of an e~rent by which said balanoe ~hall or ma~ become due and payable nnder tbe terms of aaid Mortgage. This Note may not be changed orally, but only by an agreement in writina. si~~ed by the party eaainst whom en- ~ foroement of aay weiver, change. modiCcatioa or discbarge is ~ot~ht All parties to this Note. wbether -iblalcer. Priacipal. surety. gusrantor or endoreer. 6ereby waive preseatasent f~ P~Y~k demand, Protea~ notice of proteat, and notioe of dishonor. end ezPresslY s6~'ee lointly and ~eMerally to remain aad continue bound for the payment ot the principal and interest provided for by the terms of this Note. notwrit6standing any e:tension or eztensions of the time ot. or for tl~e payment of asid principal or inten~t, or uny cbanse or chanses in tLe amount or amounta asreed to be paid under or by virtne of the obliaation to paq provided tor in tbi~ Not~e. or any chaage or chansea by way of release or surrender or substitution o[ any real proparty and collateral, or eitber, held as serurity [or this Note, and v~sive all and every kind ot notice of such e:tension or e:tensions, d?aase or chanae~. and agree t6at the same may be made without tbe joinder of the Maker. a ~ ~ - / s / Frank Hurd / s / Shirley R. Hurd nF'~5~rnr,~ ~ 600r (~n - vl! xwr ~ti - nrnttwc n ~uw