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HomeMy WebLinkAbout0268 ~?~AYAM[hil MORTGAGE NOTE Principal Amount. Daee o( Note: March 10 1977 Meturity Date: 1O ]~M~~ ; tnter~+t Rate: ~ arM` ~ : Amortization Period: From the day hereot to the Maturity Date. i ; Instalment Payment: iKO.r p~ ~ Firat Instalment Payment Date: April 10 1977 FOB YALL•E RECE[VED. the undersigned and if more than one. jointly and severally (the Aiaker). dces hereby ~ eoaenant and pmmiae to pay to the order of Sun I3ank of St. l.ueie County or to its suceesaors or asaigns (collectively the Yayee?, at its printipal offee at 111 Orange Ave.. Fort Pierre. Fla. or at such other place aa the Payee may deaignate to the ldaker in w-riting fmm titne to time, in legal tender ot the United States, the Principal Amount together v?ith intereat st the Interest Rate on the unpaid balance of the Prineipal AmounL . The auma due aud owinR 6ereunder ahull be payable duru~6 the Amortiwtion Period in equal monthly instalments, each in the aawunt of the Instalment Payment, the tirst such I~stalment Payment to be made on the Firat Instalment Payment Date and subsequent Instalmeat Peymenb on the t nth o e Cy,r°onth thereatter unti! the Maturity Date whereupon t6e entire unpaid balance ot principal and intere! accru~ an~ ~Ihpaid thereon ehall become due and pay- able; eac6 such instalment w6en paid shall be applied firat to the payment o[ interest on t6e unpaid balance at the In- tetest Rate aad the reinainder thereot to payment on account of principaL [f any Inatalment Payment ahall not be paid when due. then the entin principal aum and accrued intee+eat here- ; under ahall become due and payabk at onc~e or thereatter, at the option of the holder ot this Note. 'I~e Payee may. at its option, colkrt a late char6e not to e:c~eed lwo centa for each one dollar ot each Instaiment Payment not paid when due to reimburse the Payee tor e=penaea of eervicing delinquent Inatalmeat Paymente. Failure to exerrise the~e options ahall not rnnatitute a waiver o[ the right to exerciee the aame in the event of any aubsequent detault It is turther agreed lhat the Maker and each endoraer, aurety, guarantor, jointly and severally, shall pay all casts of . collection of ihis Note, including a reasonable attorney a tee, on lailure to pay any Inatalment Payment or any accrued intereat due hereunder on the due dale t6eteot_ This Note and ail aums due hereunder ahaU bear intereat at the higheat law[ui rate o[ interest per annum in the State of Florida [rom the date when the prinripa! and accrued interent under ' this Note shall be due and payable_ Tt~e total intereat payable herEUnder shall not in any one year e:ceed the highe+t lawful rate of ~interest in the State of Florida. - This Note is secured by a Mortgage, dated the date 6ereof, of property ait~ated in the 3tate ot Florida. 'i The Maker agrees that it shal! be bound by any agreement e:tending the time or moditying the above terms of payment, made by the Payee and the ovvner or owners of lhe prnperty atfected by aaid Mortgage, whether with or with- out notice to the Maker, and the Maker shall rnntinue liable to pay the amount due hereunder, but with interest at a j rate no areater than the Interest Rate, accordinR to the terma of any such agteement o[ extension or modiCcation. The anpaid balance ot the Principal Amount, plus acrrued interest ahall become due and payable at the option of ~ the Payee under the happening ot an event by which said balanee shall or may beeome due and payable under ihe tetms ~ of aaid Mortgage. E This Note roay not be ctianged orally, but only by an agreement in writin ai ed b the g, gn y party againat whom en- f torcement ot any waiver, change, modification or diacharge is sougF?t. i ~ All pariies to this Note, whether Maker, principal, surnty, guarantor or endorser, hereby waive presentment for payment, demand, protest, notice of protest, and notice ot diahonor, and e:preealy agree jointly and aeverally to semain ~ and conlinue bound for the payment of the principal and inteieat provided tor by the terwa ot this Note, notwithstanding any e:tension or eztenaions ot the time of, or (or the payment of eaid principal or interent, or any change or changes in ~ ttie amount or amounte agreed to be paid under or by virtue of the obligation to pay provided for in this Note, or any ~ change or changea by way of release or surrender or subatitution of any real property and collateral, or either, held aa ~ security tor thia Note, and wai~~e all and etiery kind of notice ot such e:tension or e:tensioru. change or changes, and ; agree that t6e aame may be made without the joinder of the 1liaker. I E ~ ~~i1rM ot ~C'~!~ ~t asy ~warst a~ a~ t=r L~S+~b! ~i~t ~ritioat pasltt. j S~S usss a~se.e~r ~.a . ~ ~.st va. ss~~4 F { S/ S ; IMDall lYtiM ~ i i i `~r ~ . i ~ r.wr ~i~ - F„r::~. s~ ~ta 4 t ~ ~