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Home My WebLink About2016 ~~EAY~N[NTI t ~ MORTGAGE NOTE ' i 0 Pr~nciPal Amount: ~34~ 800. 00 Dace °t Noc~: Jnne 17~ 1974 (Thirtr-Four Thou~snd Ei~h! Hundrad Dollars) ~ Maturity Date: FIFTEEN YEARS ~ Interest Rate: ' 4 ~i ~ Amortizetion Period: From the day hereot to the Maturity Date. Inatalment Payment: ;352.98 per moath Firat Instalment Payment Date: Jyl~ 17~ 19T4 ~ FOA VALUE RECEIVED, the undetsigned and if more than one. jointly and severally (the riaker), dcea hereby covenant and pmmise to paY to t}?e order oi Sun Bank of St. Lucie County or to its successors 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 Malcer in v~-riting from time to time. in legal tender of the United States, the Principal Amount together w-ith interest st the lnterest Rate on the unpaid balance of the Principal Amount.. The sums due and owinR hereunder shall be payable during the Amortization Period in equal monthly instalments, each in tLe amount ot the Inatalment Payment, the first such Instalment Payment to be made on the Firat Instalment Payment Date and subeequent Inatalment Payments on the tirst day of each month therea(ter until the Maturity Date whereupon the entite unpaid balance of principal and interest accrued and unp~id thereon shall become due and pay- able; each such instalment when paid shall be applied tirat to the payment ot interest on the unpaid balance at the In- 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 accrued interest here- under shall become due and payable at once or Wereafter. at the option of the holder of this Note. The Payee may. at ~ its option, collect a late charge not to e:cecd two centa for each one dollar of each Instalment Payment not paid when ; due to reimbnrse the Payee for e:penses of servicing delinquent Instalment Payments. Failure to exercise these options ; ahall not constitute a waiver of the right to exerciae the same in the event of any subsc~uent defaul~ ' 3 ~ c It is further agreed that the Maker and each endorser, surety, guarantor. jointly and aeveralty, shall pay ali cosfa of ~ collection oE 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 of interest per annum in the State of Florida trom the date when the principal and accrued interest under _ this Note shall be due and payable. The total interest payable hereunder shall not in any one year e:ceed the highest i lawful rate of intereat in the State of Florida. f This Note is secured by a Mortgage. dated the date hereot, of pmperty situated in the State of Florida_ ~ 1'he Maker agrees that it shall be bound by any agreement e:tending the time or'modifyine 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- j 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, acrording to the terA~s of any such agreement of e:tenaion or modification. ; The unpaid balance of the Principal Amount, plus accrued interest shall beoome due and payable at the option of ~ the Payee under the happening of an event by which said balance ahall or may become 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, 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 protest, and notice ot diahonor, and e:presaly agree jointly and aeverally to remain and continue bound for the payment of the principal and interest pmvided for by the terms of this Note, notwithstanding any e:tension or eztensions of the time of, or for the payment ot said principal or interest, or any cl~ange or changes in ~ the amount or amounts agreed to be paid under or by virtue oi the obligation to pay provided tor in this Note, or any . change or changes by way ot release or surrender or substilution of any real property and collateral, or either, held as i secarity for this Note, and v?aive all and every kind o( notice of Such e:tension or extensions, change or changes, and ~ agree that the same may be made without t6e joinder ot the Maker. ; M= ~ ~ i ~ ~ / s / Frederick Hilton ~ ~ ~ r ~ ~ ~OQK~~+V PAGE~~ ~ rr,rN au - rruirrtr e~ ar~~rer , - - - - - I ' ~ .'.~f .1+:. ,ri . s:=' .ri~ ? 3 ~ _ ~M1fiY~ "~`3~'X _.uT f .z~,.. . ]S ,~.e' '~~r~-- ~ ~~~~~~~i - . : ~ . _