HomeMy WebLinkAbout1808 7
REPLNCEFtE:N7 ~riOTE N0. 2
$240, OOU. 00 Dated _ Tyj~` ti.w ~ ~ 1980
FOR VALI~L RECEIVED, the undersigned, hereinafter called "Maker"
promises to pay to the order of SUN BAr;K OF ST. LU~IE COUNTY, hereinafter
called "Bank" tl~e principal sum of $240,000.00, at its offices at 111 Crange
Avenue, Fort Pierce, Florida, together with interest thereon at the rate of
12~ per annum, until maturity, with principal and interest payable in the
following manner;
Principal aid interest payments hereon shall be payable
in 140 ecual successive mant.hly installments a~ follows:
S2 , let .0 on she day of ',-~_t-_f.~~l~_-•__-• 19i?0, an~J a 1 i ke
sum an the-carresrondiny day ~f ea~jr~ succeeding month
therea ~*.er ~,nt.i 1 the whol. ire ful l;i paid.
Bath prirc~eal anal i:~terest ar^ pa;~ahle i?i lawful m~~ney of the ~Jnited
States to the Bant, a} 111 Orange twenue, Fort Pierce, Florida.
In the event of d^fault in any payment of principal or interest on the
du? dii.e `hereof, o~• upon the preach of any provision of the mortgage or
merr.yages whi~:h ~~cure; this note, t.iie Bank may at its option accelerate maturity
any! the unpaid prinr.il;al balance hereof and all accrued interest shall thpre•upon
bFCOme imi~sdiately ~~ue ar.d payable without dema~~d or notice and to set-off
against this note all money owed by hank in any capacity to Maker, whether or
not due, and to set-off again::t all other liabilities of Maker to Bank, all
money owed by Bank in any capacity to t•'aker.
Maker waives demand, protest and notice of maturity, nonpayment of
protest and all requirements to hold it liable as Maker..
Maker further agrees to pay all costs of collection, including
reasonable attorney's fees, (inclusive of any appellate proceedings) in case
the principal of this note or any interest thereon i.s not paid at the respectiti~
mat~~rity thereof, whether suit be brought or nut.
Bank is he~•eby riven a lien uprn and a security interest in all
proeerty of Ma!:er nok or any time hereafter in the possessio:~ of wank in any
capaci~v khat~oever, including b~~t net limitecJ to any balsnc~ or share of any
deposit, trust cr aserc_y 3ccounc., as security for the p.:yment of this note
~ and all other liabilities of Maker to Cank.
! phis Note shall he governed as a validity, interpretation, construction,
effect and all other respects by the laws and decisions of tF.e State of Florida.
Iii :he event i>anl; de}ert~~ines it nFCe::_~,ry~ to institute suit to collect on this
Note, the action nk.y l:e mainfained b~f E~ank in the StatA of Florida, a~~d tl~e Maker
does hereby cons~ni. to the instit~~t~on o{ action in that iurisriiction and waives
piny and all ciPfenses• it may have t;~ the maintenance of the suit in Florida.
x This laote i; secured by a ircj~•tgage ~~iaterl April 4, 1974, and a mortgage
dated October 31 , 19,'5, as m~~d ififd by a rl; rtgage blodi fication Agreement dated
~"~1~t.~•~tfv v`t ~ 19.3J, bet:reen Maker and Bank and is entitles: to the benefits
thereof.
r
This Note ~s biading upon Maker, and their heirs, personal rrpreser~tatives. •
and assigns.
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