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~PBMIla1'1et1t) '
~ MORTCACE NOTE
Principal Amount: ~~;~r~,pp Date Of Not@: ~t. 2~~ 1977
Maturity Date: l~ years
Interest Rate:
9s ~er annwu
Amortization Period: From the day hereof to Maturity Date.
Instalment Payment$121.72 per awnth ~
_ First Instalment Payme~t Date: nece~nber 1, 19~7
The Payee: ~
SUii BANlC OF ST. L[ICIE (~00_FTy
Address: ~1 ax
anqe Avenue, t'ort Pierce, Florida 33450
~4R VAWE RECEIVED, the undersigned and if n~ore than one, jointly
and.severally (the Maker), does hereby covenant and promise M pay to the
order of the Payee, ar to its successors or assigns, at its principal office, or
~t such other place as the Payee may designate to tt~e Maker in writing from
time to time, in legal tender of the United States, the Principal Amount tv-
gether with interest at the Interest it~te on the unpaid balance of the Prlnclpal
Amount. ~
The sums due and owing_hereunc~er shall be payable during the
Amortization Period in equal monttily instalments, each in the amount of the
Instaiment-Payment, the first such Instalment Payment to be made on the First
instalment Payment pat~e and subsequent lnstalment Payments on the first.day
~ of each month thereafter until the Maturity Date whereupon the entire unpaid
batance of principai and interest accrued and unpaid thereon shail become due
and payabte; eacti such instalment when paid shall be applied first to the pay-
ment of interest on the unpaid balance at the Interest Rate arxi the remainder -
thereof to payment on account of principal . _
. If any tnsialment Payment shali rwt be pald when due, then the entire
principal sum and accrued jnterest here~der :~hall become due and payable
• at once or thereafter, at the option of ihe hoider of this Note. The Payee may,
~ at its option, collect a late charge not to exceed two cents for each one dollar
of each Instalment Payment not paid when due to relmburse the Payee for
expense~ of serv~cing delinquent I~s~alment Payments. Fallure to exercise
these options shall not constitute a walver of the rfght to exe~cise the same
- in the event of any subsequent default.
It is further agreec! that the Maker and each ~dorser, surety, guar-
antar, jointly and severaily, shall pay all costs of coilection crf this Note,
including a reasonable attorney's fee, including all costs, expenses and
attorney's fees for any reirial, rehearing or appeals, on failure-to Qay any
Inatalment Payment or any accrued jnterest due hereunder_ on the due date
thereof. Thjs Note and ail s~ns due hereunder shali bear interest_at the
highest laarfui rate of Interest per annum In the State of Florida from the date
when the principal and accrued interest under this Note Fhall be due and
payable. The total interest payable hereunder shali ~ot in any one year _
exceed the hlghest lawful rate of interest in the State of Fiorida.
BOD!(~~ PACE