HomeMy WebLinkAbout2290 ~PEHM~NEHT)
MOR f~AGE NOTE
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Principal Amount: .~2700.00 Date ot Note: ~
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Maturity Date: ~Y1 ye~ars '
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Interest Rute: `t
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Amortization Period: From the day hereof to the hinturity Date. ~
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Instalment Payment: $ 35. ~0
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First Instnlment Pnyment Date: ~~Y 15 ~ 1975 ~ - j
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FOR VALUE RECF.IVED~ the undersigned and if more than one, jointly und se~•erally (the ~laker), does hereby• ~
, co~•enunt and promise to pay to the order of Sun Bank of St. Lucie County or to its successors or assigns (collectively the ~
Papee). ut its principal office at 111 Orange ~re.-,-~ert Pierce, Fla. or At such other place as the Pa~~ee may designate ~
to the 1liaker in H•riting irom time to time, in legal tendet of the United Stutes, the Principul Amount together ~~•ith
interest at the Interest Rate on the unpaid balance of the Principal Amount. . ~
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The sums due and owinR hereunder shall be paynble `during the Amortization . Period in equnl monthly inslalments, ~
each in the amount ot the Instalment Payment, the firat such Instalment Payment to be made on the First Instalment ~
~ Payment Date and subszquent Instalment Payments on the tirst day of each month thereafter until the Maturity Date
whereupon the entire unpaid balance of principal and interest accrued and unpaid thereon shnll hecome due and pay- ~
able; each such instalment when paid shall be npplied tirst to the payment of interest on the unppid balance nt the In- i
terest Rate And the_ remainder thereof to payment on account of principaL - - ~
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If any Instalment Payment shail not be paid when due, then the entice principal sum and accrued intemst here- ~
- under shalt become due and payable at once or therea[ter, at the optiQn of the holder oE this Note.- The Payee may, nt ~
its option, coltect a late charge not to exceed two cents tor each one dollar of each Instalment Payment not paid when
due to reimburse the Payee for expenses of servicing delinquent Instalment Payments. Failure to exercise these options ~
shalt not constitute a waiver of the. right to exercise the same in the event of any subsequent default. '
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~ It is further agreed thnt the MAker and each endorser, surety, guarantor, jointly and severally, shal! pay all costs of
- collection of this Note, inrtuding a reasonable attorney's [ee, on failure to pay any Instalment Payment or any accrued ~
:ntere~t due hereundar on the due date thereof. This Note and nll sums due hereunder shall bear interest at the highest
lawful rate of interes; per annum in~the State of Flor~da from the date when the principal and accrued interest under 2
~ this Note shall be due a id payzble. Tha total interest payable hereunder shall not in any one year exceed the highest ~
lawful rate of interest in the State of Florida.
This Note is secur:d by a Mortgage, duted the dnte hereof, of property situated in ihe State of Florida.
The r4aker agrees lhat it shall be bound by _ any ~agreement extending the time or modifying the ~ above terms of ~
. payment, made by the Payee and the ovvner or owners of the property affected by said I~iortgage, whether with or with- ~
out notice to the hiaker, and the Maker shall continue liable to pay the amount due hereunder, but with interest• ai a ~
rate no greater than the Interest Rate, according to the terms of any such agreement of extension or modification. #
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The unpaid balance of the Principal Amount, plus accrued interest shall become due and payable at the option of ~
the Payee under the happening of an event b~ which said balance shall or may become due and payable under 4he terms
F - of said Mortgage. - ~ ~
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This Note may not be changed oraily, but only by an agreement in writing, signed by the party against whom en- ~
- forcement of any waiver. change, modification or discharge is sought.
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All parties to this Note, whether ~4aker, principal, surety, gi~ntantor or endorser, hereby waive presentment for
- payment, demand, ~-.totest, notice of protest, and notice of dishonor, and expr2~sly agr2e jointly and se~•erally to rerr,ain
and continue bound [or the payment of the principal and interest provided fo* by the terms of this Note, notwithstanding '
any extension or extensions of the time of, or for the payment o[ said principal or interest, or any change or changes in s
the amount or amounts agreed to be paid under nr by virtue oi the obligation to pay provided [or in fhis Note, or any ~
change or changes by K~ay of release or surrender or substitution of any real p:operty and collateral, or either, held as ~
- security tor this Note, and ~n-air•e all and every icind of notice oi such extension or eztensions, change or changes, and f
agree that the same may be made without the joinder of the Maker_ '
Adclr~s : P O Box 4134 _ _
Fort Pie+rce, ~'lorida ~3~54 `
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/s/ Leo C. Weaver ~
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i _ . ~ /s/ Mildred L. Weaver ~
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_ _ ~OOK 24lJ ?ACE ~~88
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