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~ KAYAN~NT 1
~a.
MORTGAGE NOTE ~
Principal Aenount: I~te ot Not~:
~15,040.00 3opYr~r e, 1l7t
Maturity Daa: 1ri!l.Nt! Y!!l~.t1~ ~
tnare.t R`~°: 9t
Amortustiaa Period: From tbe d~y hereot to tbe Maturity Date.
t~.tm«,t ~u?~?t: ~ I~ ~ .1$
P~e`c L"~tmen~ p"y°°°nt D'te: Oatob~r 10, 1976
FOA VALUS RECEIVED, the nndentg~ed aud ii more thsn one. joinUY and ~everally (tbe ~aker). does hereby
rnvenant and promise to psy to the order of Sw? Bank oi 3L Lucie County or to ita suoceeaon or wigos (oollectivd~ the
Payee). ~?t its prlncipsl oifioe at 111 Orange Ave.. Fort Ptere~, Fla. or st sneh other pLce :s the Payee msy desi=ante
to the l[sker in writlng irom Wiae to ttmq in lesal tendar oi the United Stat~, the Pri~tpal Atraunt togethes with
interest at the Iatenst Baln on the nnpaid Dala~e ~2 the Prineipsl Amounk
'ILs eums dus aod owin~ hersunder s6aU be payable dnrina We Amortisatia~ Period in eqnel manthur ituWmeab.
each ia t1~s amount ot tLe Indalment Payment, tbs Cud wrh Indalmeat Pa~rment to bs msde on tbe Fia! IMalment
Paynaent Date aad aib~equeat Imdalment Pqymenb on tbs t'ud day ot esch month thsreetter nnlil the Matntitp Date
wbereupon N~s eatirs unpsid bslanoe ot priucipd aud intend accrned and unpaid t6ereon ~haU beooms dns aud Pay-
abte; each wch indalmeat wben paid t6a11 be applied Cud to tbs payment ot intere~t on t6s unPud bslanoe et t6s In-
terest Rate and tLe remainder tbereof to peyme~nt on aooount af principeL
-Ii any Instala~nt Payment ab+sil aot be paid wheu due. tLeu tbe entirs principel wm aad aociusd interest bers-
nnder aball beoome due and payable at oaoe or tbee~esfter. at ~s optiaa o[ tbs holdee ot thi~ Note. ~s Payee may. at
ita option, collect a lnte char~e not to e:oeed t~vo aents tor each ane dollar of eac6 Instalmsat Psynwnt not peid w~en
due to reimbnrae the Payee tor ezpenses of servicing delinquent Imtalmeat Paqmenb. Failnrs W ezesrise tt~e oplioa~
shall not coastitute a waiv~er ot tbe right to ezezrias !he ~ame ia the event at any eubequmt detault
It is further agreed that tbe Maker aud escb mdorser. wnty. N~ntor. 3ointli? and ~ratl~?, shall pay all costs of
collection o[ tl~is Note. including a reasonable attorney'~ fee. on failure to pay any In~tatm~t Payment or any aocaud
interest due bereunder o~ the dne date thereof. This Note and all sum~ due Lsreunder ~all beat interest at tbe ~t
lawful rate d interest Per annnm in tbe State oE Florida from tbe date ~vben the ps~ncipat ud aocnied interest uader
thi~ Note aball be due and payable. 'Ibe total interest peyabls hereunder aball not in any a~e y~ear~e:oeed the hiabest
~ tawEul rate of interest in tbe 3tate ot Florida.
This Note ii secured by a Mostaaae, dated tbe date bereof. of property ~ituated ia the State ot Florida.
; The Maker agrees thnt it shall 6e boiu~d by any a6reemeat e~endina tbe time or modiEyina the abave te~ms of
i PaYmeat, made by ths PaYee and t6e owner or ownen ot tbe P~~Y affected by asid Mortaage, wrbether with or with- -
; out notioe w the Maker, and tbe Maker ~hall cantinue liable to pay tLe sma~nt due Mreunder. bnt wnth interest at a
f rate no Breeter tban the Interest Rate, accordina to tbe terms ot aay wch asrasment ot ezteaa~a or modii'uratian.
~
Tl~e unpaid balanoe ot tbe Psini.ypal Amount, Plus eoctued interest shall beoome due and peqable at the option ot
the Payee under the haPPenina of an event by which said balanca ahall or may beeo~ms due and payable under tbe terms
of aaid Mortaaae.
This Note may not be cbanged orauy. b,~c only by an agreemenc in writing. sigaed br ths part~? eaainst wboan ea-
foroement of any waiver. c6ange. modification or dixharge ia souahi
All perties to this Note, whetLer Maker. Principal. surety. suarantor or endo:ser. henbq waive pre~entment for
P~Y~nt. demand. Pmtest, notioe of proteat, and aatioe ot dishonor. and e:Pr~s1Y a8ree lointly aad iev~erally to r~sin
and continue bound tor the peyment of the principal and intered provided for bp !he lerms of this Note, noMriWsteadina
any eztemion or e:tenaions of the time ot, or for tbe payment of said principel or intenst, os any chanae or c6snge~ ia
tbe amount or amounts asreed to be paid under or by virtue oE t6e obli~ation to paY Provided tor in thi~ Note, or aay
c6ange or changes _by way of reiesse or surrender or aubstitution of any real property and oollateral. or eitber. hdd as
. serurity tor this Note, and v?aive aU and every kind of notioe of sac6 eztension or estensio~, chanae or c6anses. and
aaree that t6e sama may be made without the joinder of the Malcer.
14~0 D@13Vat@ !1V@R11a
Port Pierce~, Florida 33450
/s/ Jerome J. Stabile -
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