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MORTGAGE NOTE i
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Principa+ 'Amount: $31,000.00 Date of Note: February 2, 1979
Maturity Date: March 1, 1989
Interest Rate: 9 3/4$
Amurtir.~:i~~r+ i'eriud: Frem the day hereof to Maturity Date. -
Instalment p +~•merit~ $294.05
First Instal:r~~~nt Payment Date: April 1, 1979
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The Payee: Sun Bank of St . Lucie County '
P. O. Box 8
Address. Fort Pierce, Florida 33450
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FOR VALUE RECEIVED, the 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 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 :nter-est at the Interest Rate on the unpaid balance of the Principal
+rnount.
The ~t,i7i5 dire and owing hereunder shall be payable during the
=~!!~Jr'tild:iun Pt•r-iod in equal monthly instalments, each in the amount of the
Ir;_t3lm~nt P,+yment, the first such Instalment~Payment to be made on the First
Irs~alme?~t Payment Date and subsequent InstalrnE~rit Payments on the first day
of each mont±~ thereafter until the Maturity Date whereupon the entire unpaid
balance of pr-ircipal and interest accrued and unpaid thereon shall become due
ant: payable; e;,ch such instalment when paid shall be applied first to the pay-
meat of inter,-st on the unpaid balance at the Interest Rate and the remainder
thereof to payrner,t o~ account of principal.
If any I?,~ta!n~ent Payment shall not be paid when due, then the entire
princi;~ai sur•: ancf accrued interest hereunder shall become due and payable
at once : ~~~-after, at the option of the holder of this Note. The Payee may,
at its opt~o::. ;-nt:==,.t a late charge not to exceed two cents for each one dollar
of each Instalm.~nt l',~yment not paid when due to reimburse the Payee for
expense: v. ~ ir.g delinqu.~nt Instalment Payments. Failur a to exercise
these ~-•pti~r;<. -.ii.:!t not constitute a waiver of the right to exercise the same
. in rile e~~rns ~ ubsequent default.
It .s `+•~-ther~ agreed that the Maker and each endorser, surety, guar-
. antor, joint!~,~ ar+:i severally, shall pay all costs of collection of this Note,
irr.luding a r asrnat~le attorney's fee, including all costs, expenses and
attorney's i• es far any retrial, rehearing or appeals, on failure to pay any
Instalment Pay;n~• • ; or any accrued interest due hereunder on the due date
thereof. Tt,~~ Note and all sums due hereunder shall bear interest at the
highest Iawf+rt rate of interest per annum In the-State of Florida from the date
_v~hen the principal anti accrued interest under this Note shall be due and i
payable. Tt a tota~ interest payable-hereunder shall not In any one year
exceed t'~e t+~•t;~e~t 1.+wful rate of interest in the State of Florida.
° R 3t14 1667
90~IC SAGE
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