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HomeMy WebLinkAbout0511 ~ner~MaMr~ ' i 1 ~ MORTGAGE NOTE ~ Principal Amounc: =19• 000.00 Dats M Nots:.Tti11Y 13. 1l77 Matudty Date: ~ Intere.c Rate: g~js p~ ~ Auwrtisation Period: I~~om the daY bersot to ths Maturity Date. ~,?,~,t: a18i. u ,P.r ~ F'irac L~stalment Pa~?menc Dace: ~pr. 1, 1s77 FOB VALUE RIs~EIVED~ Llu undersigaed and if nwn that~ one~ joinUy and severaUy (the Maker). does hereby t eovenant and pmmiie to pay to the order oi 3un Bsnk oi 3~ Lueie County or to its eueeeawn or aisigas (coUeetivel~ the ; Psyce), at its ptineipal offka at 111 Otauge Ave.. Fost Aerce, Fla. os at such other plaee sa the Psyee msy deaiaaate to the ~akes in wrlttng irom ttrae to time. in legal tende: of the United Statea. the Princjpsl' Amount together witl~ intenst at t}?e Intenst Rate on the unpakl balance oi the Prlneipal AmonnL ' . Tbe sums dus and owuuc hereunder si~al! be payable durina tl~s Amo:tisation Period in a4ua1 awatbly instalmeab. ~ ~ch ia the amouat ot tbs Indalment Paymen~ the Crd wcb Instalment Payment to be mads on the Fiest I~talment Payment Date sud a~bequent Insi~iment Paymenb on We fitd dsy of each monW thereatter until t6e Maturity Date whereupoa fbe entirs unpaid balanca ot priilciPe~1 and intend accrued and unPeid tbeseon shdl become due and pay- aWe: each we6 insfalment w6ea paid ~6a11 be epplied Cu~t to the payment o[ iaterest on the unpaid bedance st_ t6e Ia- terest Rate and tbs remaindes t6ereot to peyment oa aooouat ot ptincipal. It sny Instalment Paymeat shaU not be paid whea due. t~a ths entirs principal sum aad aocrued intsrest l~ere- under ahall becoms dus and poYabls at a~oe or thereafter. at tbe uPtion of tbe hoWer of this Note. Tbe Psyes m~y. at its option, oollect a late cLar6s not to ~oeed two oenb tor ~ach o~ doUas of each Lutalment Paymeat not psid ~vhen due to reimbune ths Payee for a~ense~ of ~eivicins deluWuent Imtala~ent Payments. Failurs to eneny~e these optiaa ~hall not constitute a waiver of tbe ria6t to ~eeciss the ~ame in Ws eveAt ot any subsequent default It is further aaseed that tbe Mal~er end e~h eodoner. wret3?. 6uarantor. iointly and severally. ~all par all coNs of collection of t~ Note. includins a nawnsble attorney's fee. on failure to pay any Instalment Payment or any aocrued interest due bereunder on We due date thersof. lbis Note and all sums due Mnunder ahall bear intereat at fb~ bi6hest lawful rate of interest per annnm in the 3tate ot Florida from tbe date wben the ptincipal and aocrned intere~t under this Nota ~hall be di~e and payab4. Tbe total in~ere.t ~rawe t,~nunaer .bau noc in any ~e year e:oeea tbe l,isbesc lawful rate ot interest in tbe 3tate ot Florida. Thia Note is secvred bry? a Mortaa~e, dated the date bereof. ot proPerty situated in the State of Florids. The Maker asree~ that it sball be bound by any asreement ezteadins t6e time or modifyins tbe above lerms oE PaYment, made by the Payee and the owner or awnets ot the PmPerts? affected by aaid Mortaage. wrhether wi~h or wiW- i ' out aotioa to the Maker. end the Maker sball continue liable to PsY tl~e amount due henunder. but witb interest at a ! rate wo 6nater tban tbe Interest Rate. aa~ordina to tbe terms oE aay n~ch asreemeat oE eztension or modification. ~ ~ The uapaid belanoe of the Principal Amount, Plus aocrued interest ahall become due and payable at the optiaai ot ~ tbe Payee undet the haPPeniaa ot an event by which aaid bela~we ~aq or may bei.~e due and payable under We terms ~ ~ of ~aid Mortgaae. i ~ This Note maq not be chsaaed orally. bnt only by an asreement in w~ritina. si6ned bY the PartY 8~ainat whom en- ~ forcement ot any waiver. d~anae. modif'uation or discharge is souaht ~ AU parties to this Note. rvhether Maker. principal, wrety. suarantor or eadomr. hereby waive presentmeat for P~Y~nt, demand. Proteat, notioe of protest. aad notiae of di~honor. and eYpready aaree joinUy and eererally to remain and continue bound tor the payment of the principal and interbt pmvided [or by the terms of this Note. notwit6standin6 any e:tensioa os eneadon~ of the tima ot, or for the payment ot said principel or intered, or any c6anae or chsnse~ in the amount or amounb aareed to be paid under or by virtue of the obligation to paY pronrided for ia this Note, or any chanse or c6anae~ by way oE release or wrrender or wbstitution of any real pmperty and collateral. or either, beld as - security [or thia Note. and aaive all and every kind of notice ot such eztenaion or e:tensions. chsnse or c6anges, and agree tbat tLe same may be marie wit6out tbe joinder ot tbe Maker. ~7~O~OY'-RB~1~ Z1iC. ~ ~ • ~ ~ " ! O eoac 3430 ~ sY= pr~s. tt. pi+~sv~. ?1a. ~ / s / /s/ t~rita~sa sec. Jvu~e a. ECkn~sa s t1ltn~sa ~ eQ~ ~71 ~ 511 rcwr ati • ntrstt~ n atyw • ~ , < , . _ _ _ _ _ „°;~'.i