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Home My WebLink About0659 (Permanent) ; l 3 i i ' i 4 MORTGAGE NOTE i a . 9 ~ Pri~cipal Amount: $16,000.00 Date of Note: Feb. 22, 1978 ; t ~ Maturity ~ate: April 1, 1988 ' t i Interest Rate: 9s per annum ~ Amortization Period: From the day hereof to Maturity Date. _ instalment Payment: 5202.69 per m~nth - _ First Instalment Payment Date: tyay 1, 1978 The Payee: SUN BANK O~ ST. LIiCIE COl:i~i'Y ~ ~ Address: 111 Oranqe Aye., Ft Pierce. Fla. 33950 FOR VALUE RECEIVED, ihe undersigned and tf m.ore 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 principa! office, or at such.othe'r piace as the Payee may designate ta the Maker in writing from time to time, in legai tender of the United States, the Principai Amount to- gether with interest at the Interest Rate on the unpaid balance of the Principal ~ Amount. I The sums due and owing hereunder shall be payable during the ~ Amortization Period.in equal monthly instalments, each in the amount of the ~ Instalment Payment, the first such instaiment Payment to be made on the First ~ Instalment Payment Uate and subsequent instalment Payments on the first day ~ of each month thereafter 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 the remainder thereof to payment on account of principal. ~ If any instalment Payment shall not be pald 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 Na~te. The Payee may, at its option, cuilect a late charge not to exceed two cents for each one dollar ~ of each.lnstalment Payment not paid when due to reimburse the Payee for expenses of servicing delinquent Instaiment Paymenfs. Failure to exercise ; these options shail not conslitute a waiver of the right to exercise the same ; in the event of any subseque~t defa~lt. :.3 ~ It is further agreed tFwt the Maker and each endorser, surety, guar- ~ ~ ~ antor, jointiy and severatly, shall pay all costs of collection of this Note, ~ ~ including a reasonable attorney's fee, inciuding all costs, expenses and t ~ attorney's fees for any retrial, rehearing or appeals, on failure to pay a~y § Instalment Payment or any accrued interest due hereunder on the due date ~ thereof. This Note and all sums due hereunder sha11 bear interest at the ~ highest lawful rate of interest per annum in the State of Florida from the date when the principal and accrued interest under this Note shall be due and - ~ payable. The total in~erest payable hereunder shall not in any one year ~ exceed th~Jtlghest lav~f~il{rate of interest in the State of Florida. ~BMI~~ ~ - Y - -r~ : _ . a ~s ~ ' . . ~~ixa.~ _ . ,