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Home My WebLink About0508 . ' ~ . • (Parmanent) ~ 0 ~ MORTGAGE NOTE Principal Amount: $175, 000. 00 Date of Note: June 21 ~ A. D. 1979 Maturity Oate: June 2I, A.D. 1989 Interest Rate: 10.75x Amortization Period: From the day hereof to Maturity Date. Instalment Payment: $1 ~ 776. 67 rnonthly First Instalment Payment Date: July 21, A.D. 1979, and a like sum of ~51, 776.67 for ~p mprtths,~~ principal balance ard accua~lated interest, if any, due and YBble 10 s aate. The Payee: Sun Bank of St. Lucie County Address: P. 0. Box 8 111 Orange Avenue Fort Pierce. Florida 33450 ~OR VALUE RECEIVED, the undersigned and if more than ohe, jointly and severatly (the Maker), does hereby covenant and promise to pay to the order of the Payee, or to its successors or assigns, at ita principal office, or - at sucfi other place as the Payee may designate to the Maker in writing from time to time, in legal tender of the United States, the Principai Amount to- i gether with interest at the Interest Rate on the unpaid balance of the Principal ; Amount. _ - . ~ , , . ~ The sums due and ~wing hereunder shall be payable during the ~ = 3?,~ Amortization Period in equal monthly inst~ime~ts, each in the amount of the ° j T-~ InsWlment Payment, the first such I~stalment Payment Eo be made on the First , ~ z.-.i ~ ' 2 Instalment Payment Date and subsequent instalme~t Payments on the ti~st day f ~ ot each month thereafter untii the Maturity ~ate whereupon the entire unpaid . ~ : ~ ~ balarue o( principal and interest accrued and unpaid thereon shall become due ; and payable; each such instalment when paid shall be spplied first to the pay- ment of interest on the unpaid balance at the Interest Ratt and the remainder - thereof to payment on account of principal . ~ ~ ~ st ~ ~ . If any Instalment Payment shall r~ot be paid when due, then the entire ~ ~ principat sum and accrued interest hereu~der shall become due snd payable ~ at once or thereafter, at the option of the holder of this Note. The Payee may, ~ at its optio~, collect a late charge not to exceed two cents for each one dollar . ' ot each Instalment Payment not paid when due to reimburse ihe Payee for ~ expenses of servicing delinquent Instalment Payments. Failure to exercise n these options shall not constitute a waiver of the right to exercise the same ~ in the event of any subsequent default. G Y ~ ~ It is further agreed that the Maker and each endorser, surety, guar- ~ antor, jointly ancJ severdlly, shall pay all costs o~ collection of this Note, € including a reasonable attorney's fee, including all costs, expenses and ~ ~ attorney's fees for any retrial, rehearing or appeals, an failure to pay any ~ a Instalment Payment or any accrue~f interest due hereunder on the due date ~ thereof. This Nole and all sums due hereunder shall bear interest at the t highest lawful rate of interest per annum in the State of Florida f~om the date ; ~ when the principal and accrued interest under this Note shall be due and ; payable. ThQ total interest payable hereunder shall not in any one year ~ exceed the hi~hest lawful rate of interest in the State of Florida. ~ cn~~r. ce~~c r ~ ~11 ~n7