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~ MORTGACE NOTE
Prlncipal Amount: 57800.00 ~ p~ta of Note: ~Ptember 9, 1977
Maturity Date: '
Interest Rste: , ~ e 3/4!
Arrartization Period: F~an the day hereof ~ Matu~ity Date.
instalment Payment: 597.76
- First Instelment Paymtnt Da~e: S~/vT~«v f w a o, 7~
The Pa - 8un BAnk o! St. Lucie CouAty _
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Address~ 111 Oiaags ~ivaaue, lort pi~rce, llorida 33454
FOR VALUE RECEIVED, the undersigned snd=lf more thsn one, jointty
and severalty (the Maker), does her.eby oovenant and pranise m psy to the
order of the Payee, or m its successors or assigns, at tts principat office, or
at such other place as the Payee may designate to the Maker i~ writing from
~ tin~e to time, in legal ~ender of the United States, the Principat Amount ~o-
gether with interest at the Interest Rate on the unpsid balance of~the Pr~tncipal ~
Amount. - .
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The sums.due and owing hereunder shail be psyabie during the
_ Amortization Period in equal nwnthty instalments, each ln the amount of the
~ Instalment Payment, the flrst such Instatment Payment fio be made on the First
Instaiment Payment ~ate and sutisequent instsiment Payments on the flrst.day
of each month thereafter untit the Maburity Date whereu~wn the entire unpaid
balance of principst and interest accrued and ur~paid thereon at~a11 become due
~ and psyable; each such instatme~t when paid shaft be appl~ed first to the pay-
mer~t of interest on the u~paid batance at the interest ~tate a~d the remainder ,
thereof to payn~nt on account of principal .
, If any Instatn~ent Payment shali not be psld wh~ due, tt~rr the entire
principai sum and accruec! interest hereunder shaii beoome due and psyable
at once or thereafter, at the option of tha hoic~r of this Note. The Payee may, '
st its option, cottect s iate charge not to exceed two cents for esch o~e dollar ~
of esch instafinent Psyment not paid whe~ due ~o reimburse the Payee for ~
~ expenses of servtcing deiinquent fnstalment Payments. Failure Ln exercise _
these optio~s shait not constitute a waiver of the right b~ ~cercise the same
In the event of ~~y subsequent default.
tt is furtt~er agreal thet the Maker and each endarser, surety, guar- .
an~or, jo~ntly and severaily, shall psy ali vosts of ooilectlon of this Note,
including a reasonsble attor~ey's fee, including ail r;osts, expenses and
atbarney's fees for any retrlai, rehearing or ap~esls, on failure to pay any
t~stalment Peyment or any aocruec! Interes~ due hereunder on the due date
d~-eof. Thfs Note and all sums due hereunder sha11 besr lnterest at ths
highest lavrfut rate of interest per annum in the Stste of Florids from the dste
when the principal and accrued interest under this Note sha11 be due ~nd
psyable. The total interest p~yable hereunder shall not tn any one year
exceed the hfghest lawfu! rate of lnierest in the Stste of Florida.
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