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Home My WebLink About0096 - ~ . . ' , . . . . ~ (Cor~struction 6 Permane~t) MORTC/1GE NOTE Amount of the Note: 25~~p~~ Date of Note: ~~~r 1~ 1978 ~ Maturity Date:i~rQb 1, 1994 Interest Rate: g ~ ~ - Interest Period: From tha data hereof through ~~bruary l, 1979 Amortization Period: From the dats after the Interest Period - to ihe Maturity Date. Instalment Payment: S261a.85 First Instalment Payment Date: ~.Qb l, 1979 The Payee: 3un Ba,nk oi St. Lucie Co~~~ • Address: P. 8. H~ 8, F't. Yf erce , Pla. 33l,50 ( 111 Orarg• A~e. j FOR VALU~ RECEIVED, the t~dersigned and, if more than.one, jointly and ~ severaliy (the Maker) , does hereby covenant and promise to pay tp the order of - the Payee, or to its successa-s or assigns, at its principa! ofRoe, or at such other piace as the Payee may dasignate to the Maker in wri.ti~g from time to time, in legal tender of the United States, the Amount of the Note or so much thereof as . may be advanced (the PrMcipa~ Amount) by the Payee pursuant to a oonstruction loan agreement or loa~ oommitment, betwee~ the Maker and ~he Payee, together with interest at the interest Rate on the ~pa1d balance of the Principal Amount. During the Inte~est Period interest from the date of each advance, at the Interest Rate, shali be payabie monthiy o~ the first day of the month foNowing the month in which the first adva~ce is made and o~ the first day of each month thereafter; during the Amortization Period equal monthly instalments, each in the amount of the Instaiment Payment, the ~rst such instalment Payment to be made on the First instalmQnt Payment Date and subsequent Instalme~t Payments on the flrst day of esch month thereafter amtii the Maturity Date whereupon the entire unpaid - . balsnce of principal and interest accrued and tmpaid thereon shail become due and payabie; each such instalmer~t when paid shatl be appiied first to the peyment of interest on the ur~paid balance at the Interest Rate and the remainder thereof to payment on acoount of principsi. . . If interest or any Instaiment Payment shall not be paid when due, the~ the ~ entire principal sum and accrued interast hereunder shail beo~rrre due and psyable st once or thereakei-, at the option of the holder of this Note. The Payee rnay, at its option, ooilect a Iste charge not to exceed two cents far e~sch one doilar of each Instsiment Psyment not paid when due to relmburse the Payee for expenses of ser- vicin~ delinquent Instalment Psyments. Fsilure to exercise these options.shsil not aonstitute a waiver of the right to exercise the same 1n the event af any subsequ~t defsuit. . - !t is further agreed thst tlte Msker and each endorser, surety, guarantor, jointly and severally, :hall pay sit e~sts of aollection of this Note, inctuding s reasonable attvrney's fee, including ali costs, expenses a~t att~orney's fees for any ~ retrial, rehearing or appeals, on feilure to pay any Instalment Psyment or sny accrued interest due hereunder on the due date thereof. This Note and all sums due hereunder shali bear interest st the highest iswful rate of interest per annum in the State of Florida from the date when the principal a~d acc~u~ed interest under _ 80~1( P~6£ ~ ~ry , ,F - _ _ - _ _ . _ _ _ _ _ ~ _!`s~~~~~~'~q'r~"' i'h," - ' ~"r~~~'S~~diu.a~~rm.t _ ' _ _ . ..iv._,