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HomeMy WebLinkAbout1460 . , . ! . ~P~RN7~NL'NTI ~ . ! j s ; ~ MORYGAC:E NOTE , _ ~ ~ _ ~ Principat Amount: Dute of Note: ~15, 00~. 00 , _ . Maturity Dnte: 15 yC~t rs € ~ ' Interest Rate: ~ 9°ru ~ ~ ~ - AmortizAtion Period: From the ciny hrreof to the Mnlurity DAte. ~ . ~ _ ~ Inatnlment P~yment: - } - ~152. l4 - } . ~ First InstAlment PAyment Dute: ~ - - . ~ • June i2, 1)75 - ~ . : ~ - i FOR YaLUE REC~IVED, the undersigr?ed and if more thAn one, jointly and severully (the ?1la;cer), does hereby ~ co~•enAnt and promise to puy to the orcier of Sun Br+.ik of St. I.ucie Count~ or to its successor3 or aasigns (collectively the £ Payee); ut its principal.office at 111 Orange A~•e.~ Fort Pierce, Fla, or at such other place ns the Pu}•ee may designate to the Dlaker in ~ti•riting from time to time, in legal tender of the United States, the Principal .~mount together ~~•ith } interest at the Interest Rate on the unpaid bnlance of the Principal Amour~t. _ . ; ~ ' , - _ The sums due and owinp, Hereunder shall be pAyt?hle during the AmortizAtion Period in equal monthly instalments, ~ f- ea. h in the amount of the Instalment Payment, the tirst such Instalment Payment to be made on the First Instalment ` PAyment DAte and subsequent Instalment Payments on the 1~~~day of es~ch month there~iter unti! the r'iaturity Date ~ whereupon the entire unpaid balnnce of principal and interest accrued t~nd unpaid thereon shall become due nnd pay- - ; ~ able; each such inst~lment when paid shall be applied first to the payment ot interest on the unpuid balance nt the In- _ terest Rate and the remalnder thereoi to payment on nccount of principal. ' ~ - - _ - ~ ' If any Instalment Payment shall not be paid when due, then the entire principnl sum and Accrued intereat here- r, under ahall become due and payable at once or thereafter, ~t the option of the holder of this Note. The Payee may, at ~ k its option, collect a late chnrge not to exceed two cents for each one dollar of each Instalment Payment nat paid when ~ due to reimburse ihe Pt~yee [or expenses of servicing delinquent Instalment Payments, Failure to exercise these options shall not constitute a waiver of the right to exemise the same in the event of any subsequent default. - ~ - . .t . - . _ . . _ . . It is further agreed lhat the Maker and each endorser, surety, guarantor, jointly and severnlly, shall pay all costs of = collection of this Note, including a reasonable attomey's fee, on failure to pay any Instalment Payment or any accrued ; ' interest due hereunder on the due date thereof_ This Note and all sums due hereuhder shall bear interest at the highest ~ law•ful rate of interest per annum in the State of Florida from the date when the principal and accrued interest ur.der ~ this Nflte shall be due and payable_ The total interest payable hereunder shall not in tiny one year exceed the highest ~ lawful rate of interest in the State of Florida_ ~ - - - # - - This Note is secured by a Mortgage, dated the date hereof, of pioperty situated in the State of ~'lorida. . 'The Maker agrees that it shatl be bound by any agreement extending 4he time or modifying the above terms of ` payment, made by the Payee and the owner or owners of ihe property affec#ed by said Morigage, whether with or w*!~- ' out notice to the ?-!aker, ar.d the ATaker shail continue liable to pay the, amount due hereunder, but wlth interest at a - ~ rate no greate; than khe Interest Rate, according to the terms of any such- agreement of extension or modification. - t. . ` The un aid balance of the Princi al Amount, lus accrued interest shall become due and ~ P' P P payable at the option ot ~ r the Payee under the happaning of an event by which said balance shall or may become due and-payable undei the term~ 7 of said biortgage. - _ ~ - _ This Note may not be changed orally, but only by an agr2ement in writing, signed by the party against whom en- - _ forcement of any waiver, chan e modification or dischar e is sou ht. ~ _ g, B S r . - - - All parties to this Note, whether Maker, principal, surefy, guarantor or endorser, hereby waive presentment for _ payment, demand, protest, notice of protest, xnd notice of dishonor, and expressly agree jointly and severally to remain _ and continue bound for the payment of the principal and interest pm~•ided tor by the terms of this_Note, notwithstanding . ~ any extens:on or extensic~ns of fhe time of, or for the pavrnent of said principal or i~.terest, or any chat?ge or changes in $ the amount or amounts agreed to be paid under or by virtue uf the obligation to pay pr~vided_ for in this Note, or any S_ change or changes by way of release ar surrender or substitutiun of any real property and-collateral, or either, held as : £ seeur,ty for this Note, and H•ai~•e all and e~•ery kind of notice oi such extension or extensions, change or changes, and E. ' agree that :he same may be made without the joinder of the I1laker_ - ~ - - ~ - F. - a . ~ / s / Nick Gonstant ~ - _ - - • _ - ~ - - . _ _ - - Y - ~ x 5 - - ` ~ r - f a ' _ ' ~ a i ~ ~ • - - £ " 8~~xi~;~J+~ ~JI~~~~~ ~ . . - ~ s . i _ r-..av ~ta - t:.rr,ta, sr ~.c~ -ID _ ~ • . - ~ - - _ t ~ i