HomeMy WebLinkAbout0580 t. . .
MORTGAGE NOTE
!'nn~•~~~:ii \nn~.~nt ~1 ~~a~10.11O 1):~1~• o( NotP I~C~~ri111~' 26~ 1~79
n~:~~~,~~~~• i,.,r,• Alarch 26, 1~~9~1
Intcrr:~ It:~i~• 9 3~4 0
Amortixati~~n i'.•n~rL Fmm the d:~Y hrrrnt t~~ 1he A1.~tunt}• Uate
Instalment P~>•mi•nr. 5141 .91
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First Inat:ilm~n~ I`:~Ym~•ni t):~~~ ri~~rch ?fi, 1~7q
FOR ~':\LL'r: IZECF:t~'h:l?, th~• un~i~•r~}~n~yi and if mnn• than one, juintl}• :~nd ~~•~•~•rallc Ithe~ ~faker). dces hemby
cuvi~nant and pmmisc l~~ pay to thi~ onl~•r ~~f ~~~n ltan!. ot ~t. Luci~• Couniy ~•r tu it. ,~~cc~••sors ur assi~ns lcollectively the
Pa~•~w•1, at its principal nftice ut 111 Oran~~• :1• Fort Pi~rc~•, Fla. or at ~uch uth~•r placr as th~ Ya~•cr may desig~ate
to thr ;1luker iu ~~•ritinK ir~~m timP to tim~•, i~~ I~g:+l tcndi~r uf the L'nit~rl St:it~s, th~• Yrincipal ~mount together w~ith
intemst at the Int.~ttist l:ut~• on the unpaid halsnr~• uf th~ Yrin~•ipal Amount_
7'hP +ums du•• and uw~nR hcn•und~~r .1?:JI IK• ~~ay:~Lle du~~nK ihe AmorUzaUnn I'i•ri«i tn ~~c~u:d mnnthly insL~lmenta,
rxrh m the :~mounl o( ihe Instalmrnt Y:rymi•nt, ~he tint su~h Insl:ilrnent P~ymrnt tu Iw' made ue the Hirst Inslalmc~t
Payment Datc and sut~~urnt lnst~iiment P.~yments on the ~irst da~• of ea~'h month therrattrr until the ~?taturity Date
whemu~N~n the entire unpaid t~.~lan~r uf pnn~•qr.d and intenwt a~•~•rufyt and unp:iid th~~r~on shall Imcome due and pay-
:~hlc~: ra~~h such ~nylnlm~nt when ~~:iid shaU Ir~ app6ed fint to Ih~• ~k~yment of ~nten~~t un the unpaid t?alance at the In-
tt~nwt Rate and the rem:~inder therec?( to ~~.iymenf on a~rouot o( princip:~l.
If unc lmt:~im~•nt ParmrM shall nut Ix• ~~:~id wh~•n du~, then the enlire {~rim•~p:~1 sum and acrrued interest here-
~~nder chall ixru~ne due and ~~ayablr at once or thereatt~•r. at ihe ~?ption o( !hP hold~r ~~t this 1\ote. The Payee may, at
~ts o~~t~nn, ~Y~IIe~•t a I:ue ~•h:~r~;~ not tu PYCPt'(~ twn ~~~nl. tor ca~•h on~• dulhr u( e:~ch Incralment Yaymcnt not paid when
du~• to r.~imhur.~• Ih~ I':~y~•~• for ex~~cnscs of ~•n•i~~~nK delinquent Inst:dmF•nl P:~ym~nt~. N:~ilurc t~~ ~~xerri.e these options
sh:il) nut i-~in.titute• w:uv~•r ~~f the riKht to ex~n•iu• the• .:~m~~ in thr e~•ent u( any .ui~.c•yu~•nl def:~ult.
it furlh~~r :~~:retiY1 ~h:~t th~• ~4:~ker an~i Fa~•h ~•ndur.er. .un•ly. ~;u:~r.~nt~~r. juintly and ~v~r.~lly. sh:ill pay all costia of
~ uU~~ tion ~~t th~. :\oti•. ~n~~ludin~; a ma.~~n:~ble atlorn~•y'~ te~•. on f:ulurt• to ~?ay any Inctalment PaymFnt or any accrucKl
~ntc•n•.t duc~ hi•ri•urd~•r on th~• du~• date th~rwi(. 'I'his Nutr and :dl .um~c due herrundrr ~hall hrar interest al the hiRhest
lawful rati• nt ~ntemst ~~r•r :innnm in the State of Florida from the d:~te N~hen thr principal ~nd airrued interest under
thi+ NotP =haU i~e duF~ .~n~1 ~~avahle. The mt:~l interest ~~~~:~b~P hercunder ~hall nut in any one year exceed the h~ghest
i lawful r:?te f?f intc•rr=t ~n thP Statr of Florid:~
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~ 'I hi. ~~~t~• i. 4Y IIf~YI I~v A1~~r1_a{;~~. ~Iat~Yi Iho d.~t~ hrrw~f. a( ~~ro~~crly situat~Yt ~n fhi• titat~• o( Florida.
4 'I'h~- ~t:~krr ~~r:rei~ tlc~t ~t ~h:~il Fn• Iw~un~l by am• a~:n•i•ment t~xt~~ndinK the hm~• or ma6fyin~; the above termc of
i {~:~~•nz~•nt. ni.id~• I~v th~• I':iv~Y• anJ the .+~~n~•r or nwnerc nf th~~ {.ro~H•rfy a(far•trd by ~a?d 11urt~:+~~•. H'hether with or vrith-
nur not~,~e t~. thc• ~lnkrr .~nd th~• Makrr ~hall ~•~~ntiuu~ li:~bl.• tu p:~v the amount due hemunder. but v~•ith interest at a
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~ r.~t.• no Kr~.eier th:~n thr In~rrest Rat~. a~~~ ~rdinK t~~ the t~rm. ~~f any su~•h aRreement ot ext~nsion ur modi(ication.
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~ 'I'h~~ un~?aid I~:il,~n~r ~~f Ihi~ Pnncip:J Anwunt. ~dus a~•rrurd interest :h:+ll t~ume due and payable at the option ot
th~• f'ay~~ ~m~l~•r Ih~ h:qqN•uinR of ~~n ~~•~•nt h~• ~ctarh ~ud h:~L•~n~r chall ~~r muy Mr-om~ due and payc~ble under the terms
~ uf >.~ul \1urt~;:~~;i•.
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~I~h~~ .~~~1~• m:~y not iw• ~•hanr~•d orally_ hul onlY by :~n aRreement in writinR, K~~;ned by the party aRainst whom en-
~ f~~n ~•ment o( :~ny v~::iv~•r. ~•h:~ne~•. m~x1~(~~ :iti~n ur dis~~h:u~r ~c ~uuKht
~
~ :~l1 ~r.irt~,., t„ thi. \o~~•. ..h~•thrr \t:~krr. ~~rin~•i~+:~1. sure•t~, Ruar~ntor ~~r enduru•r, herehy w~ai~•t• presentment (or
~ ~~:~~•~n~•nL d~•mand. pmt~•-.t n,•hre ui ~~rnt~•~t. ~nd m~tic~• of dishonor. and eipn•~sly axrPe joinlly and aeveraUy to remain
~ .~nd ~•,nunu~~ t~,uu~i („r !h~• :~.~ti~mr~nt ~t th.• ti~nm ~~ral and ~ntc•mst pro~•ideci tor hy th~~ tenns of this Note, notwithst~-~ndinq
~ .~n}~ ~•*t~•mi~~n ~~r ~~~t~•n,~„r,- ~1•.• tiu.~• ~~L ~~r i~~• tht• ;,:~vm~•~~t nf s;~id prin~~ip:~l ur i~sterest. or am• ~hanKe or changes in .
~ the .itn~.~int ~~r aue~~urta n•.•~1 !n~ {~.u~l ,~r r1~ r ur h:• :~rtuc~ nt the ohli~ation to ~~av pmeidc~~1 for in this Note. or any
~ ~~h:~n:~• ur ~~hnne~•• b~ H:n ~.I n~[r:~~~ .u.n•~r.t~•r nr •ub:htuhnn ~~I ant re:~l {~n~~~rrtc :ind ioll;~N~r.~l. ur ~•ith~•r. heltl as
unt~ I~~r th:. \ut~•. .~iut N.r.~.. ( s~~nc ~•xt~•nsion or i•xt~•n~~ons, ~ hanFi~ or ~•hanRes, and
,a il' •rnl ~•~~•r~ 6in~1 ~I nuti~•r
~ j• :~~;n•~> thnt thr c:icne m:~~• 1~~ ~n::dr .;.~r~ ai th~ ~n~ndrr of fhF• ~lnkcr.
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~ 1'repa}~nent i~ena 1 ty wa i ved .
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