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Home My WebLink About0731 ~ KAYwNEM~ 1 MORTGAGE NOTE na~ or Noc~: i; , y.~ ~ Principal Amount: y _ ~ . . Meturity Date: Y ~ _ . . _ • , Intenst Rate: 17 Ainortisation Period: From the day hereot to the Maturity Date. . II1atAlmetlt Paymeilt: " ` , : flrst Instalment Payment Date: " ' . . FOIi VALUE RECEIVED, the undersigned and if more than one. jointly and aeverally (the Maker)~ does hereby covenant snd promise to PaY to the order oi Sun Bank of S~ Lucie County or to ita auecessors or sssigns (collectively the Payee), at its principal oifice at 111 Orange Ave., Fort Pierce, Fla. or at such other place as the PaYee maY desi8'n~?te to the Maker in writing irom time to time. in legal tender of the United States, the Principal Amount together with interest at the Inteteat Rate on the unpaid balance oi the Principal Amoun~ The sams due and owinK hereunder ahall be paYable durin8 the Amortization Period in eclual awnthly inatalmente. each in the amonnt of the Instalment Payment, the firat such Instalment Payment to be made on the First Instalment Payment Date and subeequent Instalmen! Payments on tbe first day oi each month thereaftes until the Maturity Date whereupon ~e entire unpaid balanoe of principal and intereat accrued and unPaid thereon shall becowe due and pay- able; eacb such instalment w6en paid e6a11 be applied Crat to the payment oE intereat on t6e unpaid balance at the In- terest Rate and the remaincler thereot to payment on account ot principal• If any Inatalment Payment shall not be paid when due. then the entire Prin~1Pa1 su~° and a~~~ interest hete- iu?der shall bei.~ome due and payable at once or thereafter, at the optioa of the holder of this Note. The Payee maY, at ita 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 eervicu?8 delinquent Instalment Payments. Failure to ezercise these options ahall not constitute a waiver at the ri8ht to ezercise the same in the e~?ent of any subaequent defaut~ I's is fu-ra~,ee ~.ad •~aL L~:e Ms!:°r ='.^a °A<'~± Pndor~r, surety. Ruarantor, jointly and aeverally. shall pay all costa of rnllection of this Note, including a reasonable attorney's tee. on failure to pay any Inetalment Payment or any accrue~i iaterESt 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 Florida fmm We date when the princiPal and accrued intetest unuer thia Note ahall be due and payable. The total interest payable hereunder shall not in any one year e:ceed the hiBhest law[ul rate ot interest in the State of Florida. This Note is secured by a Mortgage, dated the date hereof. of pmperty 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 terma of ; payment, made by the Payee and the owner or owners of the propettY affected by said Mortgage. whether with ar with- E out notiee to the Maker, and the Maker shall continue liable to pay the amount due hereunder, but wiW interest at a ~ rate no greater than the Interest Rate. accordinK to the terms oE any such agreement of e:tenaion or modification. ~ The unpaid balance of the Principal Amount• P~us accrued ~n~~~ S~~l ~~O1Oe due and payable at the option of the Payee under the happenine of an event by which said balance shall or may bec'ome 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, modiCication or discharBe is soaSht~ All partiea to this Note, whether Maker, principal, surety, guarantor or endoraer, hereby waive pcesentment for payment, demand, protest, notice of protest, and notice of dishonor, and ezpresaly agree jointly and severally to remain and rnntinue bound tor the payment of the principal and interest provided for by the terroa of this Note, notwithstanding any e:tension or extensions of the time oi, 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 changes by way ot release or surrender or subatitution of any real propertY and collateral, or either, held as security for this Note, and v?aive all and every kind ot notice ot such e:tension or e:tensions, change or changes, and agree that the same may be made without the joinder of t6e Maker. 1~V~:.i::.~: . . J ~ . A . ~ J T' i I' i_' 2';.. C r~~%i ~ /s/ Simmie J. Burns /s/ Amanda Burns a~227 ~ ?~9 )CqI 9t7 - PAIRfI1G D! BE.Ui - :ae:` . ~ I ; ~ i '>i