The URL can be used to link to this page

Home My WebLink About0591 :?IRYAH[h7~ ~ i MORTGAGE NOTE Prin~i~ai nmount: 15, U00. 00 nAc~ or Noe~: Soptember 29 , 1976 Maturity Date: IZ yetllli Interest Rate: 9~~ Amortization Period: From the day hereot to the Mtiturity Date. Inatalment Ppyment: Z? 1. G1~ Fir+t lnstnlment Payment Date: KOVQi~t'Y' 1.5, 1976 • FOR V:~1.L'E RF.CF.IYEU, the undersigned and if more than one, joir.tly and severally (the ~iaker). doea hereby coeenant and promise to pay to the order of Sun I3ank of St. Lucie County or to ita successors or assigns (collectively the Yayee), at its ptincipal ofiice st 111 Orange Ave., Fort Pierce, Fta. or at such other pia~e as the P~yze ni~y dzaigriate to the Jiaker in w•riting from time to time, in legal tender of the United States. the Principal Amount together w-ith interest at the Internst Rate on the unpaid balance of the Principal Amoun~ The sums due und ow~nK hernunder shall be payable dunng the Amortization Petiod in equal monthly inatalmente, each in the amount ot the Instximent Payment, the (irst such Instalment Payment to be made on the Ficat Inatalment _ Payment Date and aubsequent Instalment Paymenta on the (irst day of each month t6ereafter until the Maturity Date whereupon the entire unpaid batance of principal and intetest accrued and unpaid thereon ahell become due and pay- able; each such instalment when paid shall be appiied tirat to the payment of intereat on the unpaid balance at the In- terest Rate and the retna~ndet thereof to {wyment on account of principal. It any Instalment Payment shall not be paid when due, then the entire principal aum and accrued interest here- under shall become due and payable at once or thernafter, at the option of the holder o[ this Note. The Payee may. at its option, collect a late charge not to e:ceed two centa for each one dollar of each Inatalment Payment not paid when due to reimburse the Payee for expenses of servicing delinquent Instalment Paymenta. Failure to exetrise th~e options shall not constitute a wai~er of the right to exemise the same in the event of any suk~aequent defaull It is further agreed that the Maker and each endorser, eurety, guarantor, jointly and severally, shall pay all costs ot collection ot this Note, including a reasonable attorney's tee, on failure to pay any Instalment Payment or any accrued interest due hereunder on the due date thereof. This Note and all sums due hereunder ahall bear intereat at the highest law~ful rate ot interest per annum in the State of Florida from the date when the principal and accrued intereet under ~ this hTote shali be due and payable. The total interest payable hereunder shal! not in any one year e:ceed the higheat I lawful rate of interest in the State of Ftorida. This tiote ~s secured by a 1Nortgage, dated the date hereof, of property eituated in the State of Florida. The Maker agrees that it shaU be bound by any agreement eztending, the time or modifying the above term_+ of payment, made by the Payee and the owner or ovmers ot the property af[ected by said MortRage, whether with or with- out notice to the hlaker, and the Maker shall continue liable to pay the amount due heceunder, but with intereat at a mte no greater than ihe Interest Rate, accordinR to the terms of any auch agreement o[ extension or modification. The unpaid balance ot the Prinripal Amount, plus accrued intere~t shall become due and payable at the option of the Payee under the happening of an event by which said balance shall or maq become due and payable under lhe tetms of ~~id Mortgage. ~ This Note may not be changed orally, but only by an agreement in writing, aigned by the party against whom en- ' fomement of any waiver, chanRe, modi[ication or discharge is sought. All parties to this Note, n•hether hiaker, principal, surety, guarantor or endoraer, hereby waive presentment for payment, demand, protest, notice of protest, and notice of dishonor, and ezpresely agree jointly and eeveraliy to remain and continue bound for the payment ot the principal and interest provided (or by the terw of thia Note. notwithatanding any estension or extensions of the time of, or for the payment ot said principal or interest, or any change or changes in the amount or amounts agreed to 1?e paid under or by virtue ot the obligation to pay provided for in thie Note, or any chanqe or changes by way ot release or surrender or subatitution of any real property and collateral, or either, held as security (or this Note, and N:il~'( all and every kind ot notice of such extension or eztensions, change or changea, and agree that the same may be made without the joinder ot the Maker. 306 Ariqle Road Fort Pierce, Florida 33450 ~S/ Joram O. Petersen ~ ~ 2~8 Fl,~r 585 ~ r..rM ~z! - ;.=1~::~; rr .~eti~