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Home My WebLink About2878 ~ ti ~PERMANCNTI i ~ i i ~ ! MORTGAGE NOTE ` . _ ~ . E Principal Amount: 15 ~ OUO. 00 I)ate ot Note: M8y 27 ~ 1975 hsnc~r;ty n~~~; Ten Yeare - ~ ~ Interest Rc~te: 8 3/4 $ ~ ~ ; F Amortiz~tion Period: From the day hereot to the hifiturity Date. ~ Instnlment Payment: $]„HH. - _ ~ - i ~ - First Instalment Pnyment Date: July lO ~ 19~5 ' ~ ~ ~ - i . , . ~ • . ~ FOR VAI.UE RECEIVED, the undersigned und if more than one, jointly and se~•erally (the ~Iaker), does hereby i co~•enant nnd promise to puy to the order of Swi Rank of St. Lucie County or to its successors or_assigns (collecti~~ely the ~ Payee), at its principal office at 111 Orange A~e., Fort Pierce, Fla. or ut such other place ns the Puyee may designate to the Diaker in ~~•riting from time to time, in legal tender of the United StAtes, the Yrincipal Amount together ~~•ith ~ interest at the Interest Rate on the unpaid balance of the Principal Amount. _ _ : , . ~ The siims due and owing hereunder shAll be payAble during the Amortization Period in equal monthly instalments, each in the amount oi the Instnlment Payment, the tirst such Instalment Payment to be niAde on the First Instalment ~ Payment Date and suhsequent Instnlment Payments on the first day of each month thereatter until the I14nturity Dnte - E - wherzupon the entire unpaid balance of principal and interest acerued and unpaid thereon shnll become due t~nd pay- ~ ° able; each such instiilment when paid shAll be applied first to the payment of interest on the unpaid balance At the In- _ _ _ - - - ~ terest Rate and the temsinder themof to payment on account of principal. , - ~ If any Instnlment Payment shall not be paid when due, then the ~entire principal sum and accrued interest here- ~ under shail become due and payable at once or thereafter, at the option of the holder of this Note_ The Payee may, at ~ ~ its option, collect a late charge not _to exceed two cents for each one dollar of each Instalment P~yment not paid when ~ due to reimburse the Payee for expenses of servicing delinquent Inst~lment PAyments. Failure to exercise these options . shall not constitute a waiver of the right to exercise the same in the event of any subsequent default. - - ~ ~ - " It is further agreed thnt the Maker and each endorser, surety, guaruntor, jointly And severr~lly, shall pay all costs of ~ collection of this Note, including a reasonable attorney's [ee, on failurn to pay any Instalment Payment or any accrued ~ ~ ; - interes! due hereunder on the due date thereoL This Note and all sums due hereunder sha11 bear interest at ihe highest ~ : lawful rate_ of interest per annum in the State of Florida from the date when the principal and accrued i,-.:a*e~t under ~ this Note shall be due and payable. The total interesE payable hereunder shall not in any one year exceed the highest ~ ` tawfui rate of interest in the State of Florida. ~ ~ - f ' - y _ This I~~oie is secured by a Mortgage, dated the date hereof," of prouerty situated in the State of Florida. s .The Maker agrees that it shall be bound by any agreement extending the time or modifying the above terms of t payment, made by the Payee and the owner or" owners of the property affected by said Mortgage, .whether with or with- out notice to the Maker, and the Maker shall continue liable to pay the amount due hereunder, but with interest at a 4 s rate no greater than the Interest Rate, according to the terms of any such agreement of extension or modification. ~ = - - - - ~ ihe unpaid balance of the Principal Amount, plus accrued interest shall become due and payable at the option of ~ th~ Payee under the happening of an event by which said balance shall or may become due and payable_under the terms 3 of said riortgage_ _ , s _ - - - s - ~ This Note may not be changeci orally, but only by an agreement in writing, signed by the party against whom en- ~ forcement of any waiver, change, modification or discharge is sought. ~ - _ - i _ A11 parties to this Note, ~vhether ~1laker, principal, surety, guazantor or endorser, hereby waive presentment for ~ payment, demand, protest, notice of protest, and notice oE dishonor, and expresslp agree jointly and severally to remain ~ - and continue bound for the payment o( the principal and interest pro~•ided for by the terms ot this Note, notwithstanding - any extension or extensions of the time ot, or for the payment of said principal or interest, or any change or changes in the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided for in this Note, or any = - ~ change or changes by way of release or surrender or substitution of any real pmperty and collateral, or either, held~as _ ~ 3 ~ security for this Note, and ~?•aive all and every kind of notice ot such extension or extensions, change or changes, and =c ~ agree that the same may be made Kithout the . joinder of the biaker. _ ~ - - ~ - . g ~ . f: - . / 1~ # ` Addreas: - ~ . ~ = 1508 Cortez Boulevard _ ~ - Fort Pierce, Florida"33450~- , - _ = ~ r~ } _ ~ - C - . ~ - ~ _ 3 _ . _ / ; - > ~ _ ~ - - . - - ~ ~r~ ~Q ~rr~ = 600it~:~.i~ PJkGE~GC7l~ - . _ f~ fG~! 9i! - FF1s77Y. bT ~.C3 " ~ _ . - . j