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Home My WebLink About0697 , • e: (Permanent) ~ 4 MORTGAGE NOTE ' ' ~ Principal Amount: $20,000.0o Date of Note: :~ov.l~~ 1g76 ~ . ~ Maturity Date: . necemt~er 1, 1988 Interest Rate: 9•3/4~ per ~nnum .4mortization Period: From the day hereof to Maturity Date. Instalment Payment: g261.55 per month First Instalment Payment Date: January l, I179 The Payee: g~ gA,~iK OF ST. LUCIL CJL:ITY Address: 111 Oranqe Avenue, Fort Pierce, :'lorida 33450 FOR VALUE RECEIVED, ihe undersigned and if more 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 principai office, or at such other place as the Payee may desig~ate to the Maker in writing from time to time, in legal tender of ihe 4lnited States, the Principal Amount to- gether with interest at the Interest Rate on the u~paid balance of the Principal Amount. . The sums due and owing hereunder shall be payable during the i Amortization Period in equal monthly instalments, each in the amount of the i Instalment Payment, the first such Instalment Payment to be made on the First ~ Instalment Payment Date and subsequent Instalme~t Payments on the first day 4 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; ea~ch such instalment when paid shall be apptied first to ihe 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 paid when due, then the entire ~ principal sum and accruec! interest hereunder shall becorne 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 cliarge not to exceed two cents for each one dollar ~ of each Instalmeni 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 ~ in the event of any subsequent default. ~ It is further agreed that the Maker and each endorser, surety, guar- ; ~ antor, jointly and severally, shall pay all costs of collection of this Note, ` ~ including a reasonable attorney's fee, including all costs, expenses and ~ attorney's fees for any retriai, 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 the date ~ when the principal and a~crued 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 Florida. p g c I ~ ~ g~~.K~98 p,~ -~97 ~ , ~ _ _ - - - ~F ~ : ~ - - - =2 ~ ~ . - -