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Home My WebLink About0593 ' ICONftRUCttON ~MO tp1Y~NCK~1 • • •f ~ MORTGAGE NOTE ~ ~ Amount at tt~e Nate: $ 36 ~ QOO. QQ ' llate ot Note: ~ ~ ~ ~ - November 18, 1976 , ~ Maturity Date: Ten Years . ~ ~ . , Intere~t Rate: - Int~rcat Period: Fmm the date hereof thraagh Amortization Period: Fwm the day atter the Interest Period to the Maturity Date. During construction period this loan is to be on a demand ; Inatalment Pevmant: ~a51~ with interest payabie mdnthiy on amount outstanc~ing,~ . Monthly payments o~ 5365~15 for 120 months to begin on Fint Instalcnent Payment Date:February 22, 197~, with a balloon payment of balance plu~ ; interest due on the 121st payment. . FOR VALUE RECEIVED~ the undersig~ed and if more than one. jointly and severally (the Maker). dces hereby . ~ eovenant and promise to pay to the order of Sun Bank of St. Lucie County or to ita successors or aasigna (colle~tiveiy the Payee), st ib principal oifice st 111 Orange Avenue. Fort Pierce. Fla. or at auch other place as the Payee may designate ~ to the Diaker in vvriting imm tlme to tlme~ in legal tender of the United Statea, the Amount of the Note or ao much thereof as may be advaneed (the Principal Amount) by the Payee purauant to a construction loan agreement or loan a; { 3.i commitment~ between the l~sker and the Psyee, together with interest at th~ Interest Rate on the unpaid balance of the Prineipal Amount . . ~ During the Intereet Petiod interest trom the date o[ each advance. at the intereat Rate. e~hall he payable monthly on ;,i. the firat day o[ the month [ollowing the month in which the firat advance is made and on the firat day oi each month thereatter; during !he Amortizntion Period equal monthly instalmenta. each in the amount ot the lnstalment Payment. the (irat such Irutalment Payment to be made on the Firet Instalment Payment Date and aubsequent Instalment Pay- mrnts an .::r. ~y ai ~ch ~~,~~ti~ tu~teaiier uniii we i~aturity Date wheteupon the ent~re unpaid Malance ot principal ~ and interest accnred and unpaid thereon sha11 become due and payable; each sucfi instn{ment when ~wid shall be applied , tirat to the payment ot interest on the unpaid balance at the Intereat Rate and the remainder thereot to payment on ~ ~ , • account o[ principal. . . i tf intereat or any Instalment Payment ahafl not be paid w~en due. then the entire principal aum and acrnied interest hereunder ahall become due and payable at once or thereatter, at the option ot the holder of lhis Note_ The Payee may. at its option, collect a late charge not to e:reed two cente for each one dopar ot each Inatalment Payment not paid when due to reimburse the Payee tor expenaes of aervicing detinquent Instalment Paymenta. Failure to e:ercise these options shaU not coi?stitute a waiver ot the right to e:erciae the aame in the event of any subecquent deEault. - ~ It is further agreed that the Maker and each endoraer. eurety. guarantor. joinUy and eeverally, shall pay all costs ot ~ collection ot thu Note. including a reaaonable atlorney'~ tee. on failure to pay any Inetalment Payment or any aecrued interest due hereunder on the due date thereof. Tfiia Note and all sum~ due hereunder ahall bear interest at the highest • lawtul rate ot interpt per annum in the State sf Florida [~om the date when the principal and acrrued interest under thia Note shall be due and payable. The total inteneat payable bereunder ahall not in any one year exceed the highest . lawtul rate of interest in the StAte of Florida. ~ This Note ia secured by a Mortaage. dated the date hereoE, af pro~urty situated in the State of ~ Florida. ' The Maker agtees that it shall be bound by any aRreement extendin(G the lime or modilying the above terms o[ pay- ment, made by 1he Payee and the owner ot owneta of the property aitected by xaid MortRage. whether with or without notire to the 1ltake~, and the Maker aball continue linb{e to pay 1he amount due hereunder. but with interest at a rate ~ no greater than the Interest Rate. aocording to terms of eny such agreement of e:teneion or modiGcation. The unpaid balance o! the Principal Amount, plus accrued interest shall become due and payable at the option of the Payee-under the happening oi an event by whicfi said balance shall ot may become due and payable under the terms ot said Mortgage. This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- • forcement of any waiver. change, moditication or discharge ia sought. All parties to this Note. whether 1Naker, principal, surety, guarantor or endorser, hereby waive presentment for payment, demand, proteat, notice of proteat. and notice of dishonor, and expreasly agree jointly and aeverally to remain and continue bound tor the payment ot the principal and intereat provided for by the terma of thia lVote, notwi/hstanding - any extension or e:tenaions ot tfie t'sme ot, or for the payment of said principal or interest, or any change or changes in the amount or amounte agreed to be paid under or by virtue o( the obtigation to pay provided for in tfii~ Note, or ~ , ~ nny chanqe or chanRes by way of release or surrender or eut~litution o( any real property ~nd collater~l, or either, held aa aecurity for this Note, and waive all and every kind of nolice of such eatension or extensions, change ot changes, and agree that the same may be made withoat the joinder ot the Maker. . ~ ~ ~ /s/ John Moore . s, ~ . " ~ ~ ~ - J/s/ Bernadette M. Moore - . , - , ; ~n ~ ~.»,..u..~,,.~. . . BG~X26O FAGE 59rJ ~ ,a.;•~ • - . - . ,~f,~-.. - - w~_~:.>.~ - - - ,~..e~....,.~.....~