HomeMy WebLinkAbout0103 ~ •
~ . .
, . • +1~~~ t,~.~ ~e~ '
~ ~
(Permanent) - . . ~
. ' ,3 a ~ .
. ~ jy _
MORTGACE NOTE
Principal Amount: $24, 000.00 Date of Note: April 28, 1978
Maturity Date: June 1, 1993 ~ ~ ~
Interest Rate: 9$ _
Amortization Period: From the day hereof to Maturity Date.
instalment Payment: $243.50
First Instalment Payme~t Date: June l, 1978
. The Payee: Sun Bank of St. Lucie County
Address• ~ 111 Oranqe Avenue, Fort Pierce, Florida• .
FOR VALUE RECEIVED, the undersigned and if more than one, jolntly
and severaily (the Maker), does hereby coverwnt and promise t~ pay to the
order of the Payee, or to its successors. or assigns, at its principai office, or
at such other piace as the Payee may designate to the Maker in writing from -
time to time, in legal tender of the United.5tates, the Principal Amount to-
gether with interest at the Interest Rate on the unpai'd balance of the Principal
Amount.
I; - The sums due and owing hereunder shali be payable during the
j Amortization Period in equal monthly instalments, each in the amount of the
~ Instalment Payment, the first such I~slalment Payment to be made on the First ~
, _ Instalment Payment_Date and subsequent instalment Payments on the first day
~ of eacF~ month thereafter until the Maturity Date whereupon the entire unpaid
~ balaxe of principal and interest accrued and unpaid thereon shall become due_
t _ and payable; each such instalment when paid shall be appiied first to ihe pay- _
; ment of i~terest o~ the unpaid balance at the Interest Rate and the remainder-
i thereof to payment on account of principal . ~
i ~
~ -
; If any Instatment Payment shaii not be pai'd when.due, then the entire
' principal sum and accrued interest hereunder shall become due and payable
i at once or thereafter, at ihe 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 to reimburse the Payee for
~
expenses of servicing delinquent lnstalment Payments. Failure to exercise
~ these options shall not constitute a waiver of the right to exercise the same
in the event of any subsequent default.
It- is further agreed that the Maker and each endorser, surety, guar-
antor, jointly and severally, shall psy sll costs pf collection of thls~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 shall besr interest at the
_ highest lawful rate of interest per annum in the State of Florida trom the date
when the principal ar~d accrued interest under ihis Note shall be dus and
` payable. The total interest payable hereunder shall rat in~any one y~ar
exceed the highest lawful rate of interest in the Sfat4~ of Florida.
OR
~ BO!~1I ~ PA6~
' ~oo~ 287 ?~cE ~Q,Z
~
- . _ "F_.,..-., -
- - - -
xa.C-'z-~ ' ~ ~ - ak~ , x a^^-i
'"~';."'~".,~~s`a~.vn`°^ -.G-..~ - . _ - zm`~':-~w,i...~ '~~m:~ _