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HomeMy WebLinkAbout0928 1~[AM~N[NTI MORTGAGE NOTE Prtncipat Amo~u,t: ~.000.00 nate ot Noa: ~t 'i. 1l~f~ Maturity Date: ~ ~~r Interest Rate: . ~ Amortisation Period: From tbs ~~s f~ity Dats. ~~~A~ ~.r ~.~r Pint Instafinent Pa~ymeat Date: ~~t 1~ 11rI~t FOR VALUE BECEIVED, the underaigned and it mon than one, Jointly and sevesaUy (the Maker). doe~ hereby covenant and pmmiae to psy to the order oi Sun Banlc oi 3t L~cie County or to its suoc~eawn or aasigns (ooUectlv~ely the Psyee). st ib prindpal oftioa st 111 Orsnge Ave.~ Fozt Aerce, Fla. or st euch other plaee as the Payee m~y d~isaate to the ldalcu in writing imm tia~e to time~ in leaal tender oi the United 3tates. the Priaeipal Amonnt together wlth interest at the Intere~t Rate on t}~e nnpaid bslance of the Principat Amount Tbe sums due and owiaR berew?des ahall be peyable durins tbe Amortisstion Period 'm equsl mo~nthly izutalmeab. eacb in the amount of the Instalment Payment, tbe first wch Instalment Payment to ba made on tbe PSrst I~talm~nt Payment Date and wb~equent Imtalment Paymenb on tbe fiest dsy of escb montb tbereafter uatil the Matntitp Dats w6ereupon tbe entire unpaid balanae of priitcipal and interest socrued and unpaid thereon shall bsoome dae and pay- aWe; eac6 sucb instalment wLen paid shall be appliad ~rat to tLe peyment of interest oa t6e unpaid balanoe at tbe In- terest Rate and tLe remainder theteof to pa~y~nent on aornunt of piincipal. If any Instalment Payment el~all not be peid when due. then the ~tire principal sum and aocrued iaterest bere- _ under ahali become due and payable at anoe or tbereafter, st the option af the holdet ot this Note. Tbs Payee may. at ita option, collect a lete ~hnrge uot to ~oeed two oents for eacb one dollar ot each Imtalment Peyment not p~id whm_ dae to nimburae the Payee for e~penses of sesvicing ddinquent Iastalment Payments. Failure to esen~ss tbe~s optioo~ shall not constitute a wsiver of the right to exereise ths same in the event of any sub~equent defauli It is further agreed tl~at the Maker and each endorser. suret7?. auasantor. jointty and ~evezally. shall psy all cod~ of coUection ot this Note. i~ludina a t+~sunable atton~ey's fee. on failuts to pay aay L~etalment Paymeat or any aocsued i,nterest dne hereunder on the due date tbereof. 'Ibis Note and all sums due bereundes ahall bear interest at ths biahe~t lawful rate ot interest per annum in tbe State of Ftorida irom tbe date wl~ea ths prindpal and aocrued intered undsr this Note ahall be due and payabla 'I~a total interest payable henunder shall not ia any a~e year e:ceed tbs hi~t lawful rate oi interest in tbe 3tate ot Ftorid~ This Note is eecured bq a Mort8a6e. dated the date hereof. oi PmPerh? situated ia the 3tate ot Florids. The Maker agrees tl~at it ahall be bound by any aareement eztendina the time or modifying the abws tarms oi P~Y~nt, made by the Payee snd the owner or owneie ot the Properh? sffected by asid Mort~eae. whether with os rvitb- ~ oat notioe to t6e Maicer, and tbe Maker shall continue liabk to paq the amount due hereunder, bnt with interat at a ~ rate no greater than the Interest Rate, according to We terms of e~y such aareemeat ot ezteaeian or modif'ustio~. ! ~ ~ 'ILe anpaid balanoe ot the Priacipal Amount. plus accrued interest shall beoome due and payable at tbe option oi the Payee under the happening of an event by which said balaaoe ahall or maf beconoe ~ue and payable under tbe terms of aaid Moztgage. Thia Note maq not be changed orally. but only by an agreement in writing. si~sed by We party against wbom a~- forcemeat of any waiver. change. modiCu~ation or discharge ia sought All parties to this Note. whether Maker, principal. surety. guarantor or endoraer, hereby' waive preaentment for P+Y~at, demand, Pmtest, notice of proteat, and notice of dishonor. and e:P~Y a8~ lointly and severally to remein and continue bouud [or tl~e payment ot the principel and intereat pmvide8 tor by the terms ot this Note. notvritl~slandina any enension or e:tensions of the time of, or for the payment of said principal or intereat, or aay change or chat~a in the amount or amounta agreed to be paid under or by virtue of the obliaation to pey provided for in this Note, or any change or chan6es by way of release or aurrender or subtitution ot any real property and collateral, or either, held as ~ security for thia Note, and v~-aiv~e all and every kind of notice of aach e:tension or eztensions. c.bange or c6angea, and ~ agree that the ~ame may be made wit6out the joi~er of tbe Maker. , ~ ~ ~ ~ ~ ~ a ~t~~ ~ • t ~ s/s ~ Ronald A. Rubanowice ~ s/s Joyce G. Rubanowice 80~K~57 PAGE J~~ lRiIM !tJ - PlttRl/C ff t.11i i