HomeMy WebLinkAbout0386 (Permane~t) ~
~ MORTCAGE NOTE
,
Principal Amount: $`~500. 00 pate of Note: December 20, 1977
Maturity Date: January - 20, 1993
i
Interest Rate: 9 $ ;
;
t
Amortization Period: Frnm the day hereof to Maturity Date. '
Instaiment Payment: $96.36 .
,
First tnstalment Payment Date: January 20, 297~
The Payee: Sun Bank of St. Lucie County
111 Oranqe AVenue, Fort Pierce, Florida 33450 ~
Address:
t
FOR VALUE RECElVED, the undersigned and if more than one, jointly '
and severally (the Maker), does hereby covena~t and promise to pay to the ~
order of the Payee, or to its successors or assigns, at its principal office, or ;
at such other place as the Payee may designate 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 tnteresi Rate on the unpaid balance of the Principal ~
Amount. `
~
~
The sums due and owing hereunder shail be payable during the
Amortization Perioct in equal monthly instalments, each in the amount of the- _
lnstalmeni Payment, the first such instaiment Payment to be made on the First
Instalment Payment Date and subsequent I~stalment Payments on the first day
of each month thereafter until the Maturity Date whereupon the entire unpaid `
balance of prtncipal and interest accrued a~d 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 the remainder
thereof to payment on account of principal .
If any I~stalment Payment shall not be paid whe~ due, then the entire
principal sum and accrued interest hereunder shall become due and payable
at once or thereafter, at the option of the holder of this Note. The Payee may, '
at its option, coilect a late charge not to exceed two cents for each one dollar
of each Instalment Payment not paid when due ta reimburse the Payee for
expenses of servicing delinque~t Instalment Payments. Failure to exercise
these options shall not constitute a waiver of the right to exercise the same _
in the event of a~y subsequent default.
. It is further agreed that the Maker and each endorser, surety, guar-
antor, jointly and severally, shall pay ail costs of coilection of this Note,
including a reasonable attorney's fee, including all costs, expenses and
attorney's fees for any retrial, rehearing or appeals, on failure to pay any
instalment Payment or any accrued interest due hereunder on the due date
thereof. This Note and all sums due hereunder shali bear interest at tt~ x
highest lawful rate of interest per annum in the State of Fiorida from the date ~
when the pri~cipal and accrued interest under this Note shali be due and s
payable. The total interest payable hereunder shall not in any one year . ~
exceed the highest lawful rate of interest in the State of Florida. ~
~ooK 279 PAGE 385 :
~