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Home My WebLink About0472 i PERMANEM71 MORTGAGE NOTE $1,~vJ.J~) .:3rcit 21, 1`37~1 Principal Amount: Date of Note: Maturity Date: ~t~r~r i<:~lr:, . Interest Rate: ' ' Amortization Period: From the day hereoi to the Maturity Date. instalment Payment: ~ ~ ' ~ 7 . . ' , L :'1 ; First Instalment Payment llate: ~ FOR V.~1I.UE ftECEIVEU. the undersigned and if more than one. jointly and se~erally (the \Iaker). dces hereby co~•enunt and promise to pay to the order of Sun Bank of St. l.ucie County or to its successors or as.gigns (collecti~•ely the ' Payee). at its principal office at 111 Orange Ave., Fort Pieme, Fla. or at such other place as the Pu~ee may designate to the 1liaker in v?riting from time to time. in legal tender of the United States. the Principal Amount together Hith interest at the Interest Rate on the unpaid balance of the Principal Amount The sums due and owinR hereunder shall be payable during the Amortizsition Period in equal monthly instalments, each in the amount ot the Instalment Payment, the tirst sufh ~ustalment Payment to be made on the First Instalment Payment Date and subsequent Instalment Payments on the ~lay o[ each month thereafter until the Maturity Date whereupon the entire unpaid balance of principal and interest acerued and unpaid theteon shall become due and pay- able; each such instalment when paid shall be applied tirst to the payment oE interest on the unpaid balance at the In- terest Rate and the remainder thereof to payment on account ot principal. If any Instalment Payment shall not be paid when due, then the entire principal sum and acrrued interest here- under shall become due and payable at once or thereafter, at the option of the holder of this Note. 1'he Payee may, at its option, collect a late c~?arge not to exceed two cents for each one doilar of each Instalment Payment not paid when due to reimburse the Payee for ezpenses of servicing delinquent Instalment Paymenta Failure to exercise these optiona shall not constitute a waiver of the right to exemise the same in the event of any subsequent default. It is turther agreed that the Maker and each endorser, sutety, guarantor, jointly and severally, shall pay all costs of collection o[ this Note, including a reasonable attorney'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 hereunder shall bear interest at the highest lawtul rate of interest per annum in the State of Florida from the date when the principal and accrued interPSt unuer this Note shall be due and payable_ The total interest payable hereunder shall not in any one year exc~eFd the highest lawful rate of interest in the State of Florida. This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. ' The Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above termc of 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 rate no greater than the Interest Rate, accordinA to the terms of any such agreement of e:tension or modification. 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 by which said balance shall or may become due and payable under the terms of said Mortgage. This Note may not be changed 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_ All parties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment tor payment, demand, pmtest, notice of protest, and notice of dishonor, and ezpressly agree jointly and severally to remain and continue bound tor the payment o[ the principal and interest provided for by the terms of this Note, notwithstanding any extension or extensions of the time of, or tor the payment ot 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 oE release or surrender or subatitution of any res~l property and collateral, or either, held as security tor this Note, and w-aive all and every kind o( notice of such extension or e:tensions, change or changes, and agree that the same may be made without the joinder of the biaker. : ~ 7.J i i.ll.~ ,)i 1 V4 . /s/ Grover Durham eo~ 2~5 ~ 47~ ~o Ff,KM 3t: - 'r:IS::t. P7 .iT.d.9 ~a . - -°a ~ _ . - t _ ~t .~e. ~r ` ~ s ~~;,a'~~~ -r~ y - a - ~ " .-A .5 ~.f...,~ . e.,.sr...~.. . ..aT.._ .