The URL can be used to link to this page

Home My WebLink About1862 ~?EAw~N[MT~ MORTGAGE NOTE nae~ ot Noc~: •~rri 1 2 4, ~ princ;psl Amount: ~ u•~~ ~ ~•=J L1 Maturity Date: -'ifte~:t Yea~-a ' Intereat Rate: 8'1~ 1 pmortization Period: From the daY 1~ereot to the Maturity Date. Inatalment Payment: S'~ s i ~ : 1.:, i~74 flrst Inatalment Payment Date: - ~ - FOB VALUE ItECE1VED. the underaigned and if more than one, jointly and severally (the Diaker). dcea hereby ~ covenant and pmmise to paY to the order of Sun Bank of Sk Lucie County or to its successors or assigns (collectively the ? Payee). at its principal office at 111 Orange Ave.. Fort Pierce, Fla. or at such other place us the Payee may designate s to the Malcer in v~riting irom time to time. in legal tender of the United States. the Principal Amount together with ? interest at the Iaterest Rate on the unpaid balance of the Principal Amount,. 3 'The sums d~ and owinx hereunder ahall be payable during the Amortization Period in equal monthly inatalments. ~ each in tbe amount of the Inatslment Payment. the tirat such Inatalmeat Payment to be made on the First Instalment ~ Payment Date and aubeequent Instalment Paymenta on the~Ot~y of each month thereaiter until the Maturity Date whereupon the entire unpaid balance of principal and intereat accrued and unpaid thereon shall become due and pay- ~ able; each euch instalment when paid a6a11 be applied [irst to the payment of inteieat on the unpaid balance at the In- ~ te~at Rate snd the remainder theriwt to payment on account of principal. ~ If any lnsfalment Payment shall not be paid when due. then the entite principal sum and accrued interest 1?ere- ~ under shall become due and payable at once or thereafter, at the option of the holder of this Note. The Payee may. at its option, collect a late charge not to ezceed two cents for each one dollar of ~ch Inatalment Payment not paid when ~ due to reimburse ~e Payee tor e:penses of servicinB deiin9uent Instalment Payments. Failure to exercise these options ahall not constitute a waiver of the right to exerciae the same in the event of any subsequent defaul~ ~ ~ It is turther agreed that the" Maker aad each endorser, surety, 8uarantor, joindy and aeveraily, shall pay all coats of collection ot this Note, including a reasonable attomey's fee. on failure to pay any Instalment Payment or any acrrued interest due hereunder on the due date thereof. This Note and all sums due hereunder shall bear interest at the highest . lawful rate of interest per annum in the State of Fforida from the date when the principal and accrued interest .unuer k thia Note shall be due and payable. The total interest payable hereunder shall not in any one year e:ceed the highest ` ~ iawful rate of interest in the State of Florida. ~ ~ t o This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Ftorida. ~ i ~ 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 awner or owners of the property aftected by said Mortgage. whether with or with- ~ € out notice to t6e Malcer, and the Maker shall continue liable to pay the amount due hereunder. but with interest at a ~ rate no greater th~n the Interest Rate, according to the terms of any such agreement of eztension or modification_ ~ The unpaid balance of the Principal Amount, plus accrued interest shall be~.~ome due and payable at the option of the payee under the happening of an event by which said balanoe ahall or may become due and payable under the terms of said Mortgage_ ; u ~ This Note may not be changed orally, but only by an agreement in writing, signed by the party -against whom en- ~ torcement of any waiver, change, modification or discharge is soughk ~ ~ p]1 parties to this Note, whether Maker. principal, surety, guarantor or endorser, hereby waive presentment tor ~ ~ payment, demand, protest, notice o[ protest, and notice of dishonor, and e:presaly agree jointly and severally to remain g ~ and continue bound tor the payment of the principal and intereat provided (or by the terms of this Note. notwithstanding ~ any e:tension or e:tensions of tl~e time of, or for the payment of said principal or interest, or any change or changes in ~ the amount or amounta agreed to be paid under or by virtue of the obligation to pay provided tor in this Note, or any t change or changes by way of release or surrender or substitution oi any real property and collateral, or either, held as se~vrity tor thia Note, and vraive ali and every kind ot notice of such eztension or eztensions, change or changes, and ~ agree that t6e same may be made without the joinder of the Maker. r=t _ j~v~r~s~: ~90~ Grove Jrive Fost Fierce, i'i::ri~a 3~450 _ ; " /s/ Jack H. Scott , /s/ Grace Ann Scott _ ~ - ' i eo~226 ~1861 i ~ ~ tw+r au - rFlnrr er ~.wr - - - ~ - - - . _ _ _ . _ ~ -