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HomeMy WebLinkAbout0682 (Permanent) MORTGAGE NOTE • , Principal Amount: $20, 50b.00 ~ Date of Note: ~~ov. 15, 1978 Maturity Date: .tove~ber 1,1998 Interest Rate: Per a?nnum Amortization Period: From the day hereof to Maturity Date. ; i • ' i Instalment Payment: s191.1~ per r,anth ~ ' i First Instalment Payment Date: ~~r 1, 1978 The Payee: sUN BANtc OF ST. LLCIE COtty'1'Y Address: 111 Orange Avenue, Fort Pierce, Florida 33450 FOR VALUE RECEIVED, the undersigned and if more than one, jointly E and severaf ly (the Maker) , does hereby covenant and promise to pay to the ~ ~ order of the Payee, or to its successors or assigns, at its principal office, or ~ : at such other place as the Payee may designate to the Maker in writing from time to time, in legal tender 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 - 4 Amortization Period in equal monthly instaiments, each in the amount of the ; Instalment Payment, the first such Instalment Payment to be made on the First ~ Instalment Payment Date and subsequent Instalment Payments on the first day ~ of each month thereafter unti{ the Maturity Date whereupon the entire unpaid i ~ balance of principal and interest accrued and unpaid thereon shall become due ~ ~ and payable; each such instalment when paid shall be appiied first to the pay- s ~ ment of interest on the unpaid balance at the Interest Rate and the remainder ; ~ thereof to payment on account of principai . f ~ If any Instalment Payment shall not be paid when due, then the entire ; principal sum and accrued interest hereunder shaii become due and payable # at once or thereafter, at the option of the holder of this Note. The Payee may, at its option, collect a late charge not to exceed two cents for each one dollar : , ~ of eacii Instalment Payment not paid when due to reimburse the Payee for ~ ~ expenses of servicing delinquent Instalment 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. 2 ~ S - 3 It is further agreed that the Maker and each endorser, surety, guar- ~ a~tor, jointly and severally, shall pay all costs of collection of this Note, a ~ inciuding 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 bear interest at the highest lawful rate of interest per annum in the State of Florida from ihe date ~ when the principal and accrued interest under this Note shall be due and ~ payable. The total interest payable hereunder shall not in any one year ~ exceed the highest lawful rate of interest in the State of Ftorida. ~ UR p v Qq - # ~ 80CK 290 PAGE 6pG ` 4~'~'- - F:.;a : ~ -a ~ c ~ ~ rar~~~~~ s~ ~ ~ ~ ~ Lb . . ~ ~u Ya 3~' % . ~ _ ,