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Home My WebLink About2996 1 ~EAMANENII ~ t . Z ! MORTGAGE NOTE ~ ; $2Z, a00. UO Date of Note: MaY 29, 1471 ' Principal Amount: i tKacuricy ~ce: Sisty Mo~nths ` Interest Rate: 9~S Amortisation Period: Fmm the day hereof to the Maturity Date. Inetalment Payment: $ 46 Z. t? S ~ . ~ Fitat Instal~nent Payment Date: ~TtllY 10~1? 197~ ~ 1 FOR VALUE ItECEIVED. ~e undersigned and if more than one. jointly and severally (the Maker). dces hereby rnvenunt and promiae ta pay to the order of Sun Bank of Sk Lucie County or to its suecessora or assigns (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 Ddaker in a~riting frora time tu titne. in ~e~l tensler of the United States, the Principal Amount together with interPSt at the Interest Rste on the unpaid balance of the Principal Amoun~ The swns due and owinJC hereunder ahall be payable duting the Amortization Period in equal monthly insLalmenta. each in t6e amount ot the Instalment Payment, the tirst s~cj~t~atalment Payment to be made on the Fitst Inatalment Payment Date and aubeequent Instalment Paymente oa t6es~~ ~l~lay oE each month thereafter until the Maturity Date t whereupon We entirE unpaid balance of priRcipal and intereat accrued and unpaid thereon ahaU l~come due and pey- ~ able; each such instalment when paid st~sll be applied Crat to the payment of interest on the unpaid balance at the In- ` terest Rate and the remainder thereof to payment on account of principal. ~ c If any Instalment Payment shall not be paid when due. then the entire principal sum and acrrued interest here- ~ under shall become due and payable at once or thereafter, at the option of the holder oi this Note. The Payee may, 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 servicing delinquent Instalment Paymenta Failure to ezercise these optiona F ahall not constitute a waiver of the right to exercise the same in the event of .any subaequent defaulk It is further agreed that the Maker and each endorser. surety, guarantor. jointly and eeverally, shall pay all coeta of rnllection of this Note, including a reasonable attorney's fee. on failure to pay any Instalment Paymeat or any accrued interest due hereunder on the due date thereof. Thia Note and all sums due hereunder shall bear interest at the lughest lawful rate of interest per annum in the State of Florida fmm the date when the principal and accrued interest under this Note ahall be due and payable. The total interest payable hereunder shall not in any one year ezceed the highest lawtul rate of interest in the State of F7orida. This Note is secured by a Mortgage, dated the date hereof, of ptoperty situated in the State of Florida. ~I ~ The Maker agrees that it shalt be bound by any agreement e:tending the tune or modifying the above terms of , payment, made by the Payee and the owner or ovmers of the property atfected by said Mortgage, whether with or vr~th- out notice 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, according to the terms of any auch agreement of exteneion or modification. 'The unpaid balance of the Principal Amount, plus acctued intetest shall become due and payable at the option of the Payee under the happening of an event by which said balance ahall or may bc~~ome due and payable under tbe terms of said Mortgage. - This Note may not be changed orally, but only by an agreement in writing, signed by the party againat whom en- fotcement of any waiver, change, modification or discharge is sought. All parties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment for ; payment, demand, protest, notice of pmtest, and notice of dishonor, and e:pressly agree jointly and severally to remain and continue bound for the payment of the principal and interest pmvided tor by the terms of thia Note, notwithstanding ; any e:tension or e:tensions of the time of, or tor the payment ot said principal or interest, or any change or changee in the amount or amounts agreed to be paid under or by virtue ot the obligation to pay pmvided for in this Note, or any change or changes by way of release or surrender or subatitution of any real property and rnllateral. or eit6er, held as security tor this Note, and w-aive ali and every kind of notice ot such eztension or e:tensions, change or changes, and agree that the same may be made without the joinder of the Maker. ~ ~ ~ /s/ Tom E. Jones F ] i e /s/ Betty E. Jones ~ < °R ~~E2994 ~ e.~~ 227 r~r~ ~r. - eAn-tr, s~ rr~,tnr _ ,r.~t Y - =~cs a - - - - - - - fi - - ~-~.~~3-Y'.,at'^~,.~*~3p';`.,~`2' f ~ -r, ~ . _ -