HomeMy WebLinkAbout0956 - ~ . MORTGAGE NOTE
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'RINCIPAL AMOUNT: 36,d00.00 ~ ~ ,
;ATURITY DATfi: Sep#eM6eR l. 208~3 ~ ' ~
: NTfiREST ~iATE : ~ ~ $
IMORTIZATION PERIOD: 360 monthe
:NSTALLMENT PAYMENT: 342.84
'IRST INSTALLMENT PAYMBNT DATE: Octobe~t 1, 1983 ~
)ATE OF NOTE: Sep#em6e~ 15, 1983 ~
~OR VALUE RSCEIVBD, the undersigaed and if uwre than on eve }~~i t.he~~r~ ^
loes hereby covenant and promise to pay to the order of/ ,'oY"'Cb ~a$d~~o
~ssigns (collectively the Payee) at Post Office Box 403, Fort Pierce, Florida 33450, or auch
~ther place as the Payee may designate to the Maker in writing from time to time. in legal
;.ender of the Unites States, the Principal Amount together With interest at the Irterest
~ate on the unpaid balance of tha Yrincipal Amount. .
The auma due and owing hereunder shall be payable during the Amortization Period in equal
;nonthly installmenta, each in the amount of the Installment Payment, the~first such Install-
ment Payment to be made on the Firet Installment Payment Date and subsequent Installment
~aya~ent on Iike day of each mo~th thereafeeic urttil the Maturity Date whereupon the entire
unpaid balance of principal and interest accrued and unpaid thereon shall become due and
payable; each auch inetallment when paid shall be applied first to the paymeat of interest
on,the unpaid balance at the Interest Rate and the remainder thereof to payment or acnount
of principal. '
Zf any Installment Payment shall not be paid when due, then the entire principal sum and
accrued interest hereunder ahall become due and payable at once or thereafter, at the option
of the holder of thie Note. The Payee may, at its option, collect a late charge not to
~ exceed tWO cents for each one dollar of each Installment Payment. Failure to exercise these
options ehall not conetitute a waiver of the right to exercise the eame in'the event of any ,
aubsequent default. ~
It is further agreed that the Maker and each endorser, surety, guarantor, ~ointly and '
severally, shall pay all coats of collection of this Note, including a reasonable attorney's
fee, and including any appellate proceedings, on failure to pay any Installment Payment or
any accrued interest due hereunder on the due date thereof. This Note and all sums due '
hereunder shall bear interest at the highest laWful rate of interest per annum in the State
of Florida fYOm the date when the principal and accrued interest under this Note shall be
~ due and payable. The total intereat payable hereunder shall not in any one year exceed the
' nighest lavful rate of intereat in the State of Florida.
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I :i~is Note ie aecured by a Mortgage, dated the date hereof, of property situated in the State
of Florida.
~ The Maker agrees that it ehall be bound by any agreement extending the time or modifying the
above terms of payment, made by the Payee and the owner or owners of the property affected
by said Mortgage. whether with or without notice to the Maker, and the Maker shall continue
` liable to pay the amount due hereunder, but with interest at a rate no greater than the
G Interest Rate, according to the terms of any such agreemeat of extension or modification.
R The unpaid balance of the Principal Amount, plus accrued interest ehall become due and a
~ payable st the option of the Payee under the happening of an event by which eaid balance 4
~ shall or may become due and payable under the tera~s of said Mortgage. _ =
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This vote may not be charged orally, but only by agreement ia writing,•signed by the party ~
against whom enforcement of any waiver. change, modification or discharge ia sought. ~
_ ~111 parties to this Note, wliether Maker, principal, surety, guarantor or endorser, hereby ~
s ~,aive presentment for paytaenr, demand, protest, notice of protest, and notice of dishonor~
' and expressly agree ~ointly and severally to remain and continue bound for the payment of
r.he principal and interest provided for by the terms of this Note, notwithstanding any
extension or extensiona of the time of, or for the paymerit of said principal or interest, or
any change or changes in the an?ount or amounts agreed to be paid under or by way of~release
or surrender or eubstitution of any real property and collateral or either held as aecurity
for thie Note, and waive all and every kind of notice of sucb exteneion or extensions, -
change or changea, and agree thet the eame mey be made without tha ~oinde~ of tha Naker.
Prepayment• in whole or, iA part at any tiaae without •penalty is hQreby granted. .
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