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Home My WebLink About1169 ~PERYANEMf/ MORTGAGE NOTE ~65~ 000. 00 Date of Note: f~e 7 ' 1974 Principal Amount: ( Sizty Five Thoussnd Dollara } Macuricy na~e: Ten Years Interest Rate: 9 `qo ~ Amortization Period: From the day hcreot to the Maturity Date. Inatatment Payment: ~823. 4l per month . First Instalment Payment Date: Au$1~gt 10~ 1974 ~ FOB VALUE RECEIVED~ the underaigned and if more than one, jointly and se~erally (the Jiaker). does hereby covenant and promise to PaY to the order of Sun Bank of St. Lucie County or to its successors or assigns (eolleeti~'elY the : Payee). at its principal office at 111 Orange Are., Fort Pierce. Fla or at such other place as the Pa)ee maY desiSnate ~ to the Maker in ~riting fmm time to time. in legal tender of the United States, the Principal Amount together with ~ interest at the Interest Rate on the unpaid balance of the Principal Amount i ~ The sums due and owin~ hereunder sha11 be paYable during the Amurtization Period in equal mo~?t1~1Y instalme~~s, each in the amount of the Instalment Payment, the first such Inatalment Payment to be made on the Fiiat Instalment r Payment Date and subsequent Instalment Paymenta on the tirst day of each month thereafter uniil the Maturity Date ; vvhereupon the entire unpaid balance oi prin~Pal and interest accrued ean of interest on~the~unpa~d ~ nce at the~l°' able; each such instalment when paid shall be applied first to the paym : terest Rate and the remainder thereof to payment on account of principal. If any Instalment Payment shall not be paid when due, then the entire principal sum and acciued interest here- ~ under shall become due and payable at once or thernafter, at the option of the holder of this Note. Tbe PaYee maY• at ~ its option. collect a late charge not to e:oeed two cents for each one dollar of each Instalment Payment not paid wben due to reimburse the Payee for e:penses of servicing delinquent Instalment Payments_ Failu~ to e:ercise the~e oPtion+ ~ ahall not rnnstitute a waiver of the right to e:erci.se the same in the event of any subaeyuent default ~ It is further agreed that the Maker and each endoraer. sureEy, Buarantor, jointly and ec.werally. shall PaY aU c~s1~ of ~ rnllection of this Note, including a reasonable attorney's iee, on failure to pay any Instalment Payment or any acrcued ; interest due hereunder on the due date thereof_ This Note and all sums due hereunder shall bear interest at the bi6hest lawful rate of interest per annum in the State of Florida from the date when the principal and accnud i~?terest under thia Note shall be due and payable. 'The total interest payable hereunder shaA not in any one ye~r eueed tbe biBbest s i lawful rnte of interest in the State of Ftorida. ~ r This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. i i E lhe above ternB of ~ ~ The Maker agrees that it shall be bound by any agreement extending the time or modifying r payment, made by the Payee and the owner or owners of the property affected by said Mortgage, whether with or with- ~ S oat notice to the Maker, and the Maker shall continue liable to pay the amount due hereunder, but w?th interest at a } ~ rate no greater than the Interest Rate, accordinK to the terms of any such agreement of e:tensioa or modiCuation. F The unpaid balance of the Principal Amount, plus accrued interest shall become due and payable at the option of ' ~ nin ot an event by which said balance shall or may become due and payable under the te*ms the Payee underthe happe 8 of said Mortgage_ - ; This Note may not be changed orally, but only by an agreement in writing, signed by tbe party againat whom en- forcement of any waiver, change, modification or discharge is sought_ All parties to this Note, whether Maker, principal, surety, guatantor or endorser, hereby waive presentment tor payment, demand, protest, notice of protest, and notice of dishonor, and ezpressly agree jointly and severally to remain and continue bound for the payment of the principal and interest ptovided tor by the terms o[ t6is Note, notwithstandin6 any e:tension or eztensions of the time of, or tor 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 change or changes by way of telease or surrender or substitution of any real propertY and colfatetal, or eit6er, held as security for this Note, and M•aive all and every kind oi notice of such e:tension or e:tensione, change or changes, and agree that t6e same may be made without t6e joinder of the Maker. ~ = z zr. ~ Kasoil Groves, Iac. ~ ~ B~ / s/ Leverett Shaw ~ t. ~ ~ ~ r_ _ _ E'~ ~S ~~.16~ ~r F''„1N ~SJ - FRIlTIIC PI FEARJ - - _ . _ _ " . - ~ a ~ k _ , . ~ _ _ , . . . _