The URL can be used to link to this page

Home My WebLink About1897 1~[RM~NEN~1 i ~ MORTGAGE NOTE ' t ~io, ooo. oo Da~ ot Noc~: Match 29, 1974 ~ Pri~cipa~ nmounc: Maturity Date: Fi tteet~ Yaars Ineerest Rate: E~g Amortisation Period: From the dey hereof to the Maturity Date. Inatalment Payment: S y~~ 4~ I~tirat Instalment Payment Date: ~~y 1~' 1~ 7~ FOR VALUE RECEIVED, the underaigned and ii more than one, jointly and severally (the :liaker), dcea hereby covenant and pmmise to paY to the order of Sun Bank of St Lucie County or to its suecessors or asaigna (collectively the Peyee). at ita principal of~ce at 111 Orange Ave.~ Fort Pierce. Fla. or at such other place as the Payee may designate to the Maker in vrriting irom time to time, in legal tender of the United States~ the Principal Amount together vrith interest at the Interest Rate on the unpaid balance oi the Principal Amounk . The sums due and owinR hereunder shall be payable during the Amortization Period in equal monthl"y instalmente, each in the amount of the Inatalment Payment, the tirst ch Inatalment Payment to -be made on the First Inatalment Payment Date and subsequent Inatalment Paymenta on ~~~~Y ot eacb mont6 therea[ter until the Maturity Date whereupon tt?e entire unpaid balance of priqcipal and interest accrued and unpaid thereon shall become due and pay- able: each such instalment when paid shall be applied tirat to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereof to payment on account ot principal. IE any Iastalment Payment shall not be paid when due, then the entire principal sum and secrued interest 1~ere- under shalt beoome due and payable at once or thereafter, at the option of the holder of thia NAte. ''The PeYee maY. at its option, rnllect a late charge not to e:ceed two cents for each one dollar of each Inatalment Payment not paid when due to teimburse the Payee for e:penses of aervicinB delinquent Instatment Payments. Failure to ezerciae these options ahall not constitute a waiver of the right to e:erciae the same in the event of any aubsequent detault It is further agreed that the Maker and each endoraer. aurety. guarantor. jointly and severaUy, shall pay all costa of coilection of this Note, including a reasonable attorney's fee. on failure to pay any Instalment Payment or any accrued interest due hereander on the due date Wereof. This Note and all sums due hereunder shall bear interest aY the highest law[ul rate of interest per annum in the State of Florida from the date when the principal aad acerued interest under this Note shall be due and payable. The total interest payable hereunder shall not in any one yeai e:ceed the highest lawful rate of interest in the State of Florida. Thia Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. i The Maker agrees that it shall be bound by any agreement eztending the time or modifying the above terms of ; payment, made by the Payee and the owner or owneis of the propertY af[ected by said Mortgage. whether with or with- ' out notic~e 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, uccordinR to the terma of any such agreement of eztension or modiCcation_ Tl~e unpaid balance of the Principal Amount, plus aocrued interest ahall become due and payable at the option oi the Payee under the happening of an event by which said balance ahall or may become due and payable under the tercns 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, modircation or discharge is sought. All parties to this Note, whether Maker, principal, surety, guarantor or endotser, hereby waive presentment for payment. demand, protest, notice of protest, and notice of diahonor. and e:presaly agree jointly and severaliy to remain and continue bound for the payment of the principal and interest provided for by the terms of thia Note, notwithstanding any e:tension or e:tensions of the time of, 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 thia Note. or any ct~ange or changes by way of release or surrender or substitution of any real pmperty and collateral, or either, held as ~ security for thia Note, and w•aive all and every kind of notice ot such e:tenaion or e:tensions, change or changes, and agtee that the same may be made without We joinder of tbe Maker. ~,uurebs : 110? ~r~na~a AVe~~ue ~ ~ Port Pierc~, Florida 3345Q ~ /s/ Glen H. E~isman /s/ Grace E. Erisman ~ ~6Q~ ~ PqIM 9tJ - fR11T1l: B! :R'Alif . . . . - _ ~ - - ~ ~ ' ~ ac,,,.,rb"~..`°r:~. ~ ~ ~ _ : er~.,~ ~qy < `E~~^-~^~?'`' ~~~'"'`~c.~~~-~ ~ . r ' • ~ ~ ~~~'-ti _ ' .o a _..d. . . . . . . _ .N _ _ - ~