HomeMy WebLinkAbout0559 1
(Permanent)
MORTGAGE NOTE
Principai Amount: g10, 200.0o Date of Note: Feb. 16, 1978
Maturity Date: Feb. 5, 1986
Interest Rate: 9$ per annua?
Amortization Period: From ihe day here~f to Maturlty Date.
Instaiment Payment: $129.22 per m~nth
First instalment Payment Date: March 5, 1978
The Payee: SUN BANK OF ST. LUCIE COtJNTY
Address: 111 Orange Avenue, Fort Pierce, Florida
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, ai its principal office, or
~ at such other place as the Payee may designate to the Maker in writing from
time to time, in lega! iender 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
Amortization Period in equal monthly instalments, each in the amount of the
Ir~stalment Payment, the first such lnstalment Payment to be made on the First
Instalment Payment Date and subsequent~lnstafinent Payments on the first day
of each month thereafter until the Maturity Date whereupon the entire unpaid
balarxe 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 the remainder
thereof to payment on account of prjncipal .
!f any lnsialment Payment shall not be paid when 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 optior~, collect a iate charge not to exceed two cents for each one dollar
of each Instalment Payment not paid when due to reimburse the Payee for ~
expenses of servicing delinq~ent I~stalment Payments. Failure to exercise
these options shall not constitute a waiver of the right to exercise the same
i~ the event of any subsequent default.
!t is further agreed that the Maker and each e~dorser, surety, guar- ~
anior, jointly and severally, sha~l pay all cosis of colleciion of this Note,
including a reasonable attorney's fee, including afl costs, expenses and
attorney's fees for any retriat, rehearing or appeais, on failure to pay any
Instalment Payment or any accrued interest due hereunder on the due date
thereof. This Note and all sums due hereu~der shall bear interest at the
highest lawful rate of interest per ~annum in the State ot Florida from the date
whe~ the principal a~~d accrued interest under this Note shall be due and
payable. The total interest payabl~ hereunder shall not in any one year
exceed ~jhighest lawful rate of inlerest in the State of Florida.
. ~ . ~ _ 600K FacE ~5~ .