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Home My WebLink About0185 ii ` . ! : , ~ ~ - ; . ~i . MORTGAGB NOTE . . ; ~ • I~ DATB OF NOTE: May l, 1978 - ~ ; ' ~ PRYNCIPAI. AliOUNT: $67, 300.00 ' ! INTEBBS? RATB: 9x per annum j ~ MATtJRITY DATB: December l, 1988 : , ~ . A1rI0RTIZATION PERIOD: 10 years, beginning December I,~1978 i ~ I~ I~iONTl~LY I~iSTALLHBNT PAYl~NT: $852.54 - ' ~ Plus seven (7) monthly paqments of interest froa~ May 1, 1978, vith payaent$ ~ commencing June 1, 2978 thiough December 1, 1978 at $504.75/~nonth'~ } ~ FIRST INSTALIi~1T PAYMffi~1T DATS: January l, 1979 ~ ' • ( ~ FIRST INTSRBST PAYI~NT ONLY DATE: June l, 1978 ' ~ t FOR VALIIB RECBIVED, the undersigned, jointly and aeverally (the 2~aker), doas ! ~ hereby caveasnt and pramise to_pay to the Order of COLIN CAI~BSLL and COLIN CAMPBBLL, JR., or to their successora or assigas (collectively ~ the Payee), at 201 Fisherman's ~iha~cf, Fort Fierce, F2orida 33450, or such other place as tbe Payea may designate to the Hatier in writing froa t3mia to time, in legal tender of tha Qnited States, the Principal amount togetbaY ~ vith fateseat st t1~ 3aterest rate OII i~ic ~D~~ ~fs~ At1PA ~ p=~~ ~ - aaouat. i The suma-due~and oviag hereunder shall be~~payable during the Amortizatioaa_ Period in equal monthly iastal]aneata, eac'h in the amount of the Installm~at Payment, the first ~ucb Installmsat Payment;to ba made on the First Insf.all- ment Payment Date and subsequent Installment Payment on the f3rst day of each moath thereafter until the Maturity Date ~hereupon the entira uapaid balance of principal and iaterest accrued and uapaid thereon shall becor ~ due a~d payable;-each sucli installment xhea paid sball be applied firet to the payment of interest on the unpaid balance at the Iaterest Bate and - the remainder thereof to payment on account of principal. - If any Znsta2lment Payment shall not be paid whea due, then the entire ~ principal sum and accrued interest hereunder shall became due and payable ~ at oace or thereafter, at the option of tbe twTder of this Note. The _ ~ Yayee may, at its option, collect~a late cbarge not to eaceed tWO cents for each one:dollar of each Installment Payment not paid vhen due to reimbusse ~ the Payee for expenses of servicing delinquent Installment Yayments. Failure l to exercise these;options shall not constitute a waiver of the right to ~ exercise the same iri the event of.any subsequent~defau2t. It is further agreed that the Maker and each eadorser, surety, guaraatos, ( 3ointly and severally, shall pay a~l costs of collectioa of this Note, ( including a reasonable attorney's fee, on failure to pay any Installment Payment.or any accrued interest dus hereunder on the due date thereof. This note aad all sums due hereunder shall bear iaterest••at the highest lawful ~ rate of interest per anaum i.n the State of Florida.from the date whea the ~ principal apd accrued interest under this Note shall be due and payable. # { The total iaterest payable hereunder shall not in aay one year exceed the ' ~ highest lawful rate of iateYest in the State of Florida.~ ~ ~ ~ This note is secured by a mortgage, dated the date hereof, of property ~ • ` situaked ia the State of Florida. . ~ i The maker agrees that it sha1Z be bouad by any agreement extending the time or modifying the above terms of payment, made by the Payee and the oWaer or ~ owners of the property affected by said Mortgage, Whether With or vithout notice to the Maker, and the Maker st~all continue liable to pay the amount ~ ;z due hereuader, but ~rith iaterest at a rate no greater than the Iaterest ~ ~ Rate, according to the terme of any such agreement of extensioa or ~aodifica- ~ I ; i tion. , ! i The unpaid balance of the Princip~tl Amouat, plus accrued inLerest shall ~ become-due aad payable at the option of the Payee under the happening of~aa ~ event by Which said balance shal2 or may become due and payable under the terms of said Hortgage. ` , . ' ~ 1 } . O R ~ ~ 80~.287 ~ 18~ , . . - - ~ v3u~ N,~. _ ~ f ~ r~=: . . . _ _