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HomeMy WebLinkAbout0404 . _ ~ : 1VfRMANCMTI 1 iViORTC~GE NOTE ~ _ ~ Principnl Amaunt: ~ 2~ o O U O. fl 0 Uate ot Notel`itiy S ~ Mnturity Dfltc: T6A Yea~rs - ~ Interest Rnte: t3 3f ai ' ~ ~ . Amortizt~tion PFriod: From the dey hereof to the h*ntu~ity Date. . ~ ~ ~ ~ Instalment Payment: ~ Z~i3. 20 ~ _ Fitst Instalment Payment Qt~te: a7W_l@ 2.rJ~ 197rJ ~ ~ . i ~ ~ ~ FOR V~LUF. RECEIVED~ the undersigned nnd if more than one~ joiatly and severaily (the ~fuker), does herehy ~ co~•enant and promise to pay to lhe order of Sun 13ank oi St. l.ucie County oc to its succeasots or assi~is (coilecti~•ely the ~ Puyee); at its principal office at I11 Orange ~1~•e., Fort Pierce, Fla. or at such other place as the Payee may designate s to thc 1~aker in ~~rit~ng from time to time, in legal tendcr of the United States, the Principul Amount together K•ith . i interest at thp Interest Rate on the unpaid balance of the Principal Amount. - - - Y 'I'he sums due and owinR hereunder shnll be payable during the Amortization Period in equal monthly instaiments, ~ each in the nmount ot the Instalment Payment, the [irst sttch Instalment Payment to be mnde on the First Instalinent Payment Datp and suhsequent ?nstalment Payments on the [irst day of eacf~ manth t~ereafter until the I~laturity Date - ~ wheteupon the entire unpaid balance of principal nnd interest accreied nnd unpaid thereon shall become due and pay- able; each such instalmenf r~~hen puid shall be npplied first to the payment of intemst on the unpaid balance at the In- ~ ' terest Rate and the re.nain~-~er thereof to a ment on account ut - ~ p Y principal. _ ~ If any Instalment Payment shall not be paid when due, then the entire principal. sum ancl aceried interest here- ~ tmder shall become due and payahls at once or therr.after, at thp option oi the holder of this Note. The Pavee may, at - ~ ~ its option, col~ect n late charge not to eaceed two cenis far each one dollar of each Instalment P~yment not paid when ~ due to reimburse the P~yee tor Expenses of servicing delinquent Instalment Payments. Failure to exereise thesc options ~ - shall not canstitute a«•aiver of the right 2o exercise the same i:: +.ha event of any suhvequent default. ~ _ - - - - i It is further agreed that the Diaker and each endorser, surety, guarsntor, jointly and se~~erally, shall pay all costs of ~ 3 c~Uection nf this Note, including a reasonable attoniey's f2e. on failure to pay any Instalment Payment or pny nccrued ~ :nierest due hereunder on the due date thereo[. 'l~his Note and all sums due hereunder shall bear interest at !he highest t _ lawfeil rate of interest per annum in the State of Florida from the dat~ when the principal and acr_rued interest under . - ~ this Note shall be due and ~ayable_ Th~ totnl interest payuble hereunder shall not in any one year exceed the highest _ ~ lawtul rate of interest in t~e St~~te of Florda. ~ ~ - . - ~ - - _ € This Note is secuted by a NYortgage, dated the date hereof, of property situated in the iltate of Fiorida. ~ - The 11'Iaker agrees that it shalt be bound by any agreement extending the time or modifying the above terms of ~ • payment, made by the Payae and the owner or owners of the pr~perty afiected by said bio*fgage, whether with or with- ~ . out notire to the blaker, and the 114aker stiali coniinue liable to pay the amoun± due hereunder, but with interest at a - ~ rate no greater than the Interest Rate, accordin~ to the teims of any such agreement of extension or modification_ - - , ' - ~ _ ' i ~ _ The unpaid balance Qf the Yrincipal Amount, plus acrrued interest shall become due and payable at the option of ~ ' the Payee under the happening of an event by which said balance snall or may become due and payable under the terms ' . of said 144ortgage. - _ This Note may not be changed orally, but only ~y an agreement in writing, signed by the party against whom en- ~ forcerr,ent of any waiver, change, modificatibn or discharge is sought. ~ _ ~ . - - i All parties to this I~'ote, whether Maker, principal, surety, guarantor or endorser, hereby w-aive presentment tor ~ payment, demand, prote~t, notice of protest, and notice of d~shonor, anc~ expressly agree joi~tly and severally to re;nain - and continue bound for the payment of the principal and interest pro~~ded for by the terms of this Note, notwit~isianding ~ any extension or extensions of thE time of, or for the payment of said principal or interest,` or any change ar changes in s the amount or amounts agree~ to be paid under or by virtue of the obligation to ~ay provided for in thia Note, or any - ` change or changes by way of release or surrender or substitution of any real pmperty and coilateral. or either, held as i ~ security for this Note, and tiraice all ar~d every kind ot natice of such extension or estensions, change or changes, and ~ agree that the same ma~r be made without the joinder of the Itiiaker. _ ~ - . - ~ - _ t - - /s/ Evangeline Sagy _ . . _ _ - _ . _ t ~ - _ _ > • - . - _ . ~ - - QR ~ ~ $~o~ ~39 ~04 ` - t~.'':M 323 - Fr~t~7ifi~ bl FT~t~t ~ ~ ~ ~ ; ~