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(Co~structlon b Permane~t)
This note may be prepaid in whole or in part at any time without
penalty.
MORTGACE NOTE
Amount of the Note: $54, 000. 00 Date of NoteNovember 29, 1978
Maturity Data: ~h 29 , 1988
~interest Rate: 9 3/4~ -
Interest Period: From the dat~ hersot throu9h
. Amortization Period: From the dste sfter the Interest Period
to th~ Maturity Date. '
Instalment Paymer?t: ~$481.22 ~ STA ~ nF , LORIDA ~
~ or M DOC_ U1MENfARY/,.°;Z S AMP TA~Y
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First Inslalment Psyment Datt: ' w ~ r
~ ; P0.^r~ECt-'A~ ~ ~ i.~~i?~~
. p • Sun Bank of St. Lucie Count o °2._..____.
The ~y~.. y _ ~
Address: 700 Virginia Avenue ~
?1 Ioan payme~t of $45 .483. 9~ruuePp~i
s~~dc~r~i~erest3 if a~? or~ mat~t~ date ~
FOR VALUE RECEJVE~, the und~rsl9ned a d: i mor.e n.one, ~o~ntiy and
severally (fhe Maker) , does hereby oover?snt and promise to pay Lo the order of
the Payee, or to its suCCessors or assig~is, at its princi~*al otfice. or at such
other pl~ce as the Payee may_designate to the Maker in writing from time to time,
in I~g~! tender of the United Sqtes, the Amount of the Note ur so much thereof as
may be advariced (the PrMcip~l Amount) by the Payee pursuant to a construction
foan ag~eement or loan commitment, between the Maker snd the Payee, toyether
with interest at the Interest Rate on the unpaid balance of tt~e Principat Amaunt.
Ouring the lnterest Period interest t~om the date ot each advance, at the
Interest Rale, shali be payak~fe month{y on the first day of the month toilowing
the monlh in which the tirst advance is ~nade and on the first day of each month
' thereafte~; during th~ Amortisatian -Period ~qual monthiy instalme~ts, each in the ~
amount of 1he instalment Payment, 1he first such InsLalment Payme~t to be made on
the First Instalment Payment Date and subseque~t Instalment Payme~ts on the ti~st ~
day ot each mon?h th~rwQsr until the Maturity Date whereupon the entire u~paid
balsnce ot principsl snd lnterest accrued and unpaid therean shall becflme due xtd
' payable; each such instatment when p~ld shatl be applied first to the psyment of
intarest on the unpaid balance st the Int~ast Rate and the ramainder theraof Lo •
payment on sccount ot pri~cip~l.
- If interest or ar~y instslment Psymant shall not be psid when due, then the
entire principal sum and sccrued inter~st h~reunder shsll become due snd payable
at once or thereaftar, at th~ optlon at tttt hoider at this Note. The Psyee may, at •
its option, collect s lato chsrge not to exceed two cents for each one dollar ot each
Instslme~t Piyment not psid when dut b r~imburse the Payee tor expe~ses of ser-
vicing delinquent instalm~nt Paymsrtts. Fsilure to exercise these options shall not
constitule s waiver ot the ri9ht to exerclse the same in the event of any subsequent
default.
!t is turther agreed that the Msker ~d esch endorser, surety, guarantor,
jointly and severaily, shsll pay ail costs of oollection of this Note, including s
reasonable attorney's tee, including all costs, exp~nses and attorney`s tees for any
. retrial, rehearing or appeals, on tailuro to psy any Instalment Payme~t or sny
accrued i~terest vue hereunder on Ihe due datc thereof.. This Note and a{t sums due
hereunder shall bear inte~est at ihe highest lawfui rate of interest per annum in
the Slate of Florida fr~~m +he ciat~ when the pr~nciNal and a~c~ terest u er
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