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MORTGACE NOTE ' - r ~
Principal Amount: 538,000.00 Date of Note• Octoi~er 7, 1977
Maturity~ Date: 15 years _
I~terest Rate: a 3/~1~ per annwn _
Amorti=ation Period: From the day hereof to Maturity Date.
Instalment Payment: $379.Fi0 per ~oonth
First Instalment Payment Date: ~ce.mber l, 1977
The Payee: SUN BANY. 4F ~T. LtICIE COUN'i"Y
Address: 111 _Orange ~,venue. Fort Pierce, Floric:a 3345~
FOR VALUE RECEIVED, the undersigned and if more than one, jointly
and severally (the Maker), does hereby covenant and promise to pay to the
order of the Payee, or to its successors or assigns, at its principai office, or
at such other place as the Payee may desig~ate to the Maker in writing from
time to time, in legal tender of the United States, the Principal Amount to- ,
gether with interest at the Interest Rate on the unpaid balance of the Principal
Amount.
The sums due and owing hereunder shall be payable during the
Amartization Period in equal monthly instalments, each in the amount of the
! Instalment Payment, the first such Instalment Payment to be made on the First
i Instalment Payment Date and subsequent I~stalment Payments on the first day
' of each month thereaker until the Maturity Date whereupon the entire unpaid
~ balance of principal and interest accrued and unpaid thereon shall become due
and payable; each such instalment when paid shall be applied first to the pay-
ment of interest~on the unpaid balance at the Interest Rate and ihe remainder
thereof to payment on account of principal .
~ If any Instalment Payment shatl not be paid when due, then the entire
principal sum and accrued interest hereunder shall become due and payable
~ at once or ihereafter, at the option of ihe holder of this Note. The Payee may,
~ at its option, coliect a late charge not to exceed two cents for each one dollar
& ~ of each Instalmenl Payment not paid when due to reimburse the Payee for .
expenses of servicing delinquent Instatment Payments. Failure to exercise , ~
these options shati not constitute a waiver of the right to exercise the same ~
y in the eve~t of any subsequent default. ~
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~ It is further agreed that the Maker and each endorser, surety, guar- ;
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~ antor, jointly and severally, shall pay all costs of collection of this Note, ,
~ including a reasonable attorney's fee, including all costs, expenses and ~
~ attorney's fees for any retrial, rehearing or appeais, on failure to pay any p
~ I~stalment Payment or any accrued interest due hereunder on the due date j
~ thereof. This Note and all sums due hereunder shali bear interest at the ;
~ highest lawful rate of interest per-annum in the St~te of Fiorida from the date
~ when the principal and accrued interest under this Note shall be due and
~ payable. The total interest payable hereunder shall not in any one year
~ exceed the highest lawful rate of interest in the State of Florida. -
ao~276 ~ 525