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HomeMy WebLinkAbout0503 u~swwNCNn MORTGAGE NOTE Priacipat Amount: =10~000.00 Dets ot Note:.j1~N Z8• 1977 ~ ! Maturity Date: '1w1 ~s Intere.t Rate: 9t par ~teana Amottisation Period: From tbs dsy l~ereof to the Maturity Date. Instalment Payment: =126.68 p/s aoath . - F'in~ Imtslment Paymeat Date: ~t 1~ 1977 FOS VALUE RECEIVED, the undersigned and it more thsn one. jointly and severally (the Maker). does henby eovenant and promise to pay to the order ot Sun Bank oi St Lucie County or to its suaeasors or aasigna ioollectively the Pspee). at Ib principal office at 111 Orange Ave., Fort Aerce~ Fla. or at sueh other place sa thc Payee may deaignate ~ to the Maker in writing irom time to time. in legal tender oi the United States, the PrincIpal Amount togethu with interest at the Interest Rate on the unpsid bslance of the Pdncipal Amounk Tlie aums dne and owinlc her~eunder shal! be payable durins tbe Amortisati~ Period in equal moathly instaimenb. each in t6e amount oE the Instalment Paymen~ the Grst ach Instalmeat Payment to be made on the Fir~t Instalment Payment Date aud sub~equent Indalmeat Payments on We first day oi eac6 month Wereatter unW the Maturity Date wher8upon tbe entire unpaid balance of principsl and intered acceued and unpaid thereon ehall become dae and psy- able; ~ch such iiutalment w6en paid ahall be appGed Crst to the psyment ot interest on the uapaid balance at the In- terest Rate and the remainder thereot to paymeat on acconat ot principsl. ~ i If any Iastalment Payment ahall not be peid whea due. thea tbs entire principal sum and aocrued interest here- f under ahall become due and payable at o~roe or thereafter, at tbe optic~ of t6e lwider of this Note. 'lbe Payee may. at its option. collect a lete charse not to ~oeed two oenb tor each one dollar of each Instalment Payment aot paid wben due to reirnburse the Payee for e:penses of servicina delinqueat Instalment Paymeats. r°ailii~ ~4 EY@K-ifB ta~t.'B@ 3gttOfiB ~ shall not rnnstitute a waiver M the right to ~ee+cise the ~ame in tbe event ot any subsequent default It is [urther agreed that the Maker end each endoraer. wretY, 6uarantor. iointly and severally. shall pay all casts of rnllection ot this Note. iacluding a reasonable attorney's fee. oa tailure to pay any Instalment Payment or any aocrued interest due henunder on the due date t6ereof. 'Ibis Note and all s~uns due hereunder ahaU bear interest at tbe higheat lawful rate ot interest pes annum ia tbe State ot Florida from the date when the principal and aocrued intere~t under this Note ahall be due and payable. Tbe total interest psyable henunder shall not in any one year ezoeed the lushest _ lawfal rate oi interest in the 3tate oI Florida. 'I7~is Note is secured by a Mortga6e. dated the date hereof. of properiy situsted in t6e 3tate of Florida. 1Le Maket esrees that it ahall be bound by any agreement e:tending tLe tuae or modifying tbe above ~ terms of PaYmeA~. made by the Payce and tbe awne: or ownera of the P~PertY aftected by aaid Mortaage. whether with or with- out notioe to the Maker. and the Maker ahall continue liable to pay the amount due benunder. but with wterest at a ; rate no gre~ater than the Intereat Rate. accordina to the terms of any such agreement oE e:tenaion or modi~catia~. 'ILe euip~id balanee of tl~e Principal Aawunt, Plus aecnied intereat ahall become due and payable at the option ot the Payee under the happening of sa event by which said balanoe ahall or may become due and payable under tbe terms of esid Mortgaae. Thia Note may not be changed orally. but only by an agreement in writing. eigned by the party against wbom en- foroement ot any waiver, change. modification or discherge is soughf. All partiea to this Note, whether Maker. principal, surety. 6uarantor or endorser. hereby waive presentment for PaYaoent, demand. pmteat, notioe of proteat, and notioe of dis6onor, ana e~m~sty a~ree io~t~y g~ se~erelly to remain and continue bound for tLe peyment ot the principal and intereat provided for by the terms of Wis Note. notwithstandina any e:tension or eztenaions of the time ot, or tor the paymeat oi aaid principal or intereat. or any c6ange or c6en6es in the amount or amounta agreed to be paid under or by virtue of the obiigetion to pay provided tor in tbis Note. or any c6ange or c6angea by way o[ rPlease or sutrender or wbstitution of any real property and cotlateral, or either. held as security for this Note, and waive all and every kind of notice o( wc6 e:tension or e:tenaions, change or ebansea, and ~ agree that t6e same may be made without tLe joinder of tbe Maker. . i Privileq~ o~ PraPaY~snt ot aap a~oaat at ariy tiae is hsraby given nitbo~ut p~nalty. ~ ~ ~ ' ~ ~ ~ WusoA D. Biggles ~ / s / 8hir1~ 11. Hiqqla ~~7~ PA6E ~ ia~r ~:i - nersrt~c n s,u~ _ ..ti , . _ _ . . - ~ 7 = i. ~z- ~ I~~. . ~t . V~~,_