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Home My WebLink About0515 r~ ~ • , , ` . • . . , ' . , ~ ~ ' ' i (Perrr~nsnt) . - . - - • . ~ ~ . • . ~ • ~ . MORTGAGE NOTE . ~ . ~ Principal Amount: $60,000.00 Date of Note: May 15, 1978 Maturity Dste: ~Y 15, 1988 _ ~ interest Rate: 9 3/4 . ~ ~ ~ Amortization Period: From the day hereof to Maturity Date. ~ . * i~stalment Payment: $784.64 i'~ . ~ First inst~lment Payment Date: June 15, 1978 ~ The Payee: SUl`1 SANK OF ST. LUCIE COUNTY ~ Address: P. O. Box 8 ~ . ~ Ft. Pierce, Florida 33450 ; ~ FOR VALUE RECEIVED, the undersigned and if more than one, joint[y_ ' and severaliy (the Maker), does hereby covenant and promise to pay to the ; order of the Payee, or• t4 its successors or assig~s, at its principal office, or ~ at such ather piace as the Payee may designate to ihe Maker in writing from ~ ilme to time, in legal tend~r 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 manth{y instaiments, each in the art~ou~t of the ~ Instafinent Payme~t, the first such ins~aiment Payment to be made on the First . ; Instalment Payment Date and subsequent Instafinent Payments on the first day ; ° of each month thereafter until the Maturity Date whereupon the entire unpaid 4 ~ balance of principai and interest accrued and unpaid ihereon shall become due , ~ and psyabie; each such iristalment when paid shall be appiied flrst to the pay- : ~ ment of interest on the unpaid balance at the lnterest Rate and the~remainder : the~e~f to payme~t on account of principai . f ~ If any Instalme~t Payment shall not be paid when due, then the entire prlncipai sum and accrued interest hereunder shail beCOme due and payable ~ at once or thereafter, at the option of the. holder of this Note. The Payee may, ~ at its option, coliect 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 instalment Payments. Failure to exercise T= these optio~s shail not constitute a waiver of the right to exercise the same in tt~ event of any subsequent default. ° ~ ' - ~ ~ It is further agreed that the Maker and each endorser, surety, gusr- ~ - sn~ o r, j o i n t l y a n d s e v e r a l l y, s h a i i p a y a l l c o s t s o f c o l l e c t i o n o f t h i s N o t e, g ~ including a reasonabie attorney's fee, including ali costs, expenses a~d ~ ~ at~orney's fees for any retrial, rehearing or appeals, or~ failure M psy any ~ Instalment Payment or any accrued Interest due hereunder on tha due date 1 ~ thereof. This Note and ail sums due hereunder shail bear interest at the t ~ ~ highest lawful rate of i~terest per annum_in the State of Fiorida from the data f ~ when the principal and accrued interest under this Note shall be due and ~ payable. The totai interest payable hereunder shaii not in any o~e year ~ ~ exceed the highest lawfui rate of interest in the State of Florida. ~ 5 . 80(l~~ ~ ~ . ~ - ~ - ~~r ~ - - _ ~ ~ . ~