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Home My WebLink About0083 ~ _ - • ~ ' . (Permanent) MORTGAGE NOTE Principal Amount: Sll,ooo.oo Date of Note: Maturity Date: April 1, 1984 interest Rate: 10 1/4 $ Amortization Period: From the day hereof to Maturity Date. April l, 1984 Instalment Payment: $235. 08 First Instalment Payment Date: May 1979 The Payee: Sun Bank of St. Lucie County . Address: 111 Oranqe Avenue ~ Ft. Pierce, Florida 33450 ~ FOR VALUE RECEIVED, the undersigned and if more than one, joi~tiy and severally (the Maker), does hereby covenant and promise to pey 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 designate to the Maker in writing from . time to time, in legal tender of the United State~, the Principal Amount to- gether with interest at the Interest Rate on the unpaid balance of the Principal , Amount. The sums due and owing hereunder shall be payabie during the Anartization Period in equal monthly instalments, each in the amount of the ~ Instalment Payment, the first such Instaiment Payme~t to be made on the First ~ ! Instaiment Payment Date and subsequent I~stalme~t Payments on the first day ~ of each month thereafter until the Maturity Date where~on the entire unpaid , balance of principal and interest accrued and unpaid thereon shali become due ~ and payable; each such instalment when paid shall be applied first to the 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 shal! not be paid when due, ihen the entire principal sum and accrued interest hereunder shall become due and payabte at once or thereafter, at :he optio~ of the holder of this Note. The Payee may, at its option, coilect a late charge not to exceed two cents for each one doilar ' ~ ~ of each lnstalment Payment not paid when ~fue 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. ~ ~ . 4 It is further agreed that the Mak ~~t~~ c, endorser, surety, guar- ~ antor, jointiy and severally, shall pay all cos~s o~ coltection of this Note, ~ including a reasonable attorney's fee, including ali costs, expenses and ~ ~ attorney's fees for any retrial, rehearir?g or appeals, on failure to pay any ' ~ Instalment Payment or any accrued interest due hereunder on the due date ~ thereof. This Note and ali sums due hereunder shall bear interest at the ~ highest lawful rate of interest per annum in the St~te of Flvrida from the date ~ when the principal and accrued interest under this Note sFwll be due and ~ payabie. The total interest payable hereunder shall not in any one year ~ exceed the highest Iawf~M~{~te of irid~r~st in the State of Florida. ~ ~ ~ 3l`~W1 ~ ~f E V~c ~ ~ ~r~. x . ~ ~ ~ ~ - ~ _ ,