HomeMy WebLinkAbout1460 . , .
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; ~ MORYGAC:E NOTE
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~ Principat Amount: Dute of Note:
~15, 00~. 00
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Maturity Dnte: 15 yC~t rs
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~ ' Interest Rate:
~ 9°ru
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~ - AmortizAtion Period: From the ciny hrreof to the Mnlurity DAte.
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~ Inatnlment P~yment: -
} - ~152. l4 -
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~ First InstAlment PAyment Dute: ~ - - . ~
• June i2, 1)75 -
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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. _ .
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, - _ 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. '
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' If any Instalment Payment shall not be paid when due, then the entire principnl sum and Accrued intereat here-
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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. -
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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
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' 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_ ~ - - -
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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. -
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` 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. - _
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_ 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.
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- 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
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£ 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
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' agree that :he same may be made without the joinder of the I1laker_ -
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