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Home My WebLink About2914 ir[RYAN[NTI - MORTGAGE NOTE ~;,,~;r~~ A~,~c: a 56a0 • 0~ nac~ ot Noc~: April 19?d Maturity Date: T@fl YoaZ'S Interest Rate: y= Amortization Period: From the day hereof to the Maturity Date. . ~ ; Inatalment Payment: $ 70 . 9 4 ~ ~ Firat Inatalment Payment Date: ~~~t 15 974 ~ FOIi VALUE RECEIVED. the undersigned and if more than one, jointly and severally (the rlaker), dces hereby covenant and promise to pay to the order of Sun Bank of S~ Lucie County or to its successora or assigrns (collectively the Payee). at its principal of~ce at 111 Orange Ave.. Fort Pierce. Fla. or at such other place as the Payee may designate to the Maker in writing fmm time to time, in legal tender of the United States, the Principal Amount together veith interest at the Interest Rate on the unpaid balance of the Principal Amount The aums due and owing heteunder aba~ll be payable during We Amortization Period in equal monthly instalments. each in the amount of the Inatalment Payment. the first aucb Inataiment Payment to be made on the Firat Instalment Payment Date and subaequent Instalment Payments on thel~j~day ui each month thereatter unti! the Maturity Date whereupon the entire unpaid balance of priR~P~ and intereat accrued and unpaid thereon shall become due and pay able; each suc6 instalment when paid shall be applied first to the payment of interest on the unpaid balance at the In- tereat Rate and the remainder theteof to paymeat on account ot principal. If any Instalment Pay~nent shall not be paid when due, thea the entire principal sum and accrued interest here- under sha11 become due and payable at once or thereaiter, at the option of the holder of this Note. The PaYee m~Y. at its option. collect a late charge not to e:ceed two cents for each one dollar of each Instalment Payment not paid when due to reimburse the Payee for e:penses of aervicin8 delinquent Instalment Paymenta. Failure to exerciae these options ahall not rnnstitute a waiver ot the right to e:ercise the same in the event of any subaequent default_ It is further agreed. that the Maker and each endorser, surety, guarantor. jointly and eeverally, shall pay all coats of rnllection of 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 lawful rate oE inte~+est per annum in the 3tate of Florida from We date when the principal and accrued interest uni,er 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 of Florida. This Note is aecured by a Mortgage, dated the date hereof, of property situated in the State of Florida. E The Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above terms of ; payment, made by the Payee and the owner or owners of the property aftected by said Mortgage, whether with or with- ~ out notice to the Maker, and the Maker shall continue liable to pay We amount due hereunder, but with interest at a ~ rate no greater than the Interest Rate, aecording to the terms of any auch agreement of e:tension or modif'ication. ~ 1'he unpaid balanoe of the Principal Amount, plus acrrued interest shall 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 tetio~, of said Mortgage_ This Note may not be changed orally. but only by an agreement in writing, signed by the party aBainat whom en- forcement of any waiver, change, modification or discharBe ia sought. pll parties to this Note, whether Maker. principal, surety. guarantor or endorser, hereby waive presentment tor payment, demand, protest, notire of pmtest, and notice of dishonor, and e:ptesaly agree jointly and severally to mmain and continue bound tor the payment of the principal and interest provided for by the terms of this Note, notwithstanding any e:tension or eztensions of the time ot, or tor the payment o( said principal or interest, or any change or changes in the amount or amounta agreed to be paid under or by vidue of the obligation to pay provided for in this Note, or any change or changes by way o[ release or surtender or sub~titution of any real property and collateral, or either, hefd se security Eor this Note, and v?aive all and every kind of notice of such eztenaion or e:tensions, change or changee, and agree t6at the same may be made wit6out the joinder of t6e Maker. ~ Address: 328 MidwaY Roa*3 Fort Piorce, Flori~;a 33450 ~ /s/ Luther A. Clark ~ ~ ~ /s/ Jannie Pearl Clark ~ ~ ; ~Q 6001I (•~•~J PACf ~~~Jv ra~v 9:.+ - exirrr~ e~ sa~uai . ~ ' - - . ~ s. '~~r:. ,~s»~::' : _