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HomeMy WebLinkAbout0480 ~PERM~NENTI MORTGAGE NOTE c~,t,rc;~ 1 ~ , 19 7 ~ Principal Amount• S 6~ li J 0..i J Date ot Note: Maturity Date: l~rrll 2.~i r 1978 Interest Rate: ~ Amortization Period: Fwm the day hereot to the Maturity Date. Inatalment Payment: ~ = f 7 • ~ ~ First Instalment Payment Date: S~~ ~ 5, ~ 9 7 t FOR V~LUE RECEIVED. the undersigned and if more than one, jointly and severally (the Jlaker), dces hereby co~ens?nt and promise to pay to the order of Sun Bank of S~ Lucie County or to its successors or assigns (collecti~ely the Payee). at its principal office at 111 Orange Ave., Fort Pierce. Fla. or at such other place us the Payee may designate to the ~+iaker in w~riting from time to time. in legal tender of the United Stutes. the Principal Amount together w-ith internst at the lnterest Rate on the unpaid balance of the Principal Amount. The sums due and owinR hereunder shall be payable during the Amortization Period in equal monihly instalments, each in the amount ot the Instalment Payment, the first such Instalment Payment to be made on the First Instalment , Payment Date and subsequent Instalment Payments on tbe t.aay o[ each month thereatter until the Maturity Date whereupon the entire unpaid balance ot principal and interest accrued and unpaid thereon shall become due and pay- able; each such instalment when paid shall be applied fiist to the payment of interest on the unpaid balance at the In- teresL Rate and the remainder thereo[ to payment on account ot principal. " If any Instalment Payment shall not be paid when due, then the entire principal sum and accrued interest here- under shall become due and payable at once or thereafter. at the oplion of the holder of this Note_ The Payee may, at its option, collect a late charge not to e:ceed two cents for each one doUar of each Instalment Payment not paid when due to reimburse the Payee for e:penses of servicing de?inquent Instalment Payments. Failure to exemise these options shall not constitute a waiver of the right to e:etrise the same in the event of any subsec~uent detault. It is further agreed that the Maker and each endorser, surety, guarantor, jointly and severally, ahaU pay all costs of collection of this Note, including a reasonable attorney's fee. on failure to pay any Instatment Payment or any acrrued interest due hereunder on the due date thereof. This Note and all sums due hemunder shall bear interest at the 6ighest lawful rate of interest per annum in the State of Florida trom the date when the principal and accrued interest untier this Note shall be due and payable. The total interest payable hereunder shall not in any one year exceed the highest lawful rate of interest in the State ot Florida. _ I~ 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 extending the time or modifying the above terms 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 ahatl continue liable to pay the amount due hereunder, but with interest at a rate no greater than the Interest Rate, accordinR to the terms of any such agreement of extension 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 prnsentment tor payment, demand, protest, notice of protest, and notice o[ dishonor, and e:pressly agree jointly and severally to mmain and continue bound for the payment ot the principal and intereat provided tor by the terms ot this Note, notwithstanding any extension or extensions oi the time o(, 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 c!?anges by way of release or surrender or substitution of any rnal property and collateral, or either, held as ; secarity for this Note, and v?aive all and every kind ot notice of such extension or e:tensions, change or changes, and agree that the same may'be~rade without the joinder ot the biaker. ~ . . _ 1. 4. ,t~~}_ oJ2 ~ /s/ E. W. Stonecipher ~ ~,``Y ~ /s/ Evelyn Stonecipher do~225 ~ 4?9 F'-•IM 1?! - FP1 ~?i PI TiTA.~ ~ ~ . w,ti ~-s d ~ ; o % . ~ -~t,.';w'~a x~'r~' ~ ~.1~ c~'~ _ ~ ~ ~ . ` . ~ 1 ~ - - - . ` . . .