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Home My WebLink About2880 1~[RM~N[Nt/ MORTGAGE NOTE Principat Amount: ~O. 000• O0 Date of Note: J12II0 Z'~. ~9T4 (Forty Thou~aad Dollasa) Macurity ~e~: 1'S years Interest Rate: 8 ~i ~ i Amortization Period: From the day hereof to the Maturity Date. Inatalment Payment: 5393. 90 pes m4ath ~ ~ firat Instalment Payment Date: ~pte~e! 1'S, 19T4 ~ , FOR VALUE RECEIVED. the undersigned and if more than one. jointly and severally (the jiaker), does hereby ~ covenant and pmmise to pay to the order of Sun Bank of S~ Lucie County or to its successors or assigns (collectively the Payee)~ at ita principal of~ce at 111 Orange Ave.. Fort Pierce, Fla. or at such other place as the Payee may d~signate to the Malcer in ~criting fmm time to time, in legal tender of the linited States~ the Principal Amount together with interest at the Intereat Rate on the unpaid balance of the Principal Amoun~ The suma due and owinK ~~~der shall be payable during the Amoriization Period in equal monthly instalmenta, j each in the amount ot the Instalment Payment, the firat such Instaiment Payment to be made on the First Instalment Payment Date and eubaequent Instalment Paymenta on the tirst day of each month thereatter until the I~laturity Date 3 whereupon the entire unpaid balance o[ priRcipa! and interest accrued and unpaid thereon ahall become due and pay- ~ able; each such instalment when paid shall be applied titst to the payment of interest on We unpaid balance at the In- ~ . ~t terest Rate and the remainder thereot to payment on account o[ 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 thereafter, at the option of the holder of this Note. The Payee may. at ~ its option, collect a late charge not to ezceed two cenfa for each one dollar of ~ch Instalment Payment not paid when due to reimburae the Payee for e:penses of servicinB delinquent Instalment Payments. Failure to e:ercise the~e optiona shall not rnnstitute a waiver of the right to e:errise the same in the event of any subsequent default. ~ It is [urther agreed that the Maker and each endorser, surety, Busrantor. jointly and eeverally. shall paY all coeta of collection of this Note. including a reasonable attomey'a 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 shali bear interest at the highest lawful rate of interest per annum in the State of Florida from the date when the principal and accrued interest under i this Note shall be due and payable_ The total interest payable hereunder shall not in any one year e:ceed the highest lawful rate of interest in the State of Fiorida. This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida_ ~ , ~ f The Maker agrees that et shall be bound by any agreement e:tending the time or moditying the above terms of ` ~ payment, made by the Payee and the owner or owners of the property affected by said Mortgage. whether with or with- , ~ out notice to the Maker, and the Maker shal[ continue liable to pay the amount due hereunder, but with interest at a s ~ rate na greater than the Interest Rate, according to the terms of any such agreement of extenaion or modification. i € The unpaid balance of the Principal Amount. plus accrued interest shall become due and paYable at the option of ~ the Payee under the happening of an event by which said balance sha~l or may become due and payable under the terms ; i ~ of said Mortgage. . This Note may not be changed orally, but only by an agreement in writing, signed by the party against wlsam 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 of dishonor, and e:pressly agree joindy and severally to rnmain ~ and continue bound tor the payment of the principal and interest provided for by the terrns of this Note, notwithstanding any e:tension or e:tensions of the time ot, or (or 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 ot the obligation to pay provided (or in this Note, or any change or changes by way oi rnlease or surrender or substitution ~of any rea) propertY and collateral, or either, heid as security for this Note, and v?•aive all and every kind of notice of such eztension or extensions, change or chanqea, and ~ agree tluit the same may be made without the joinder of the Maker. ~ ~ ' \ ~ ~:ccROEo FIIEG ~u*t~ fl~• _ gT.lUC1E ~ ~~T ` a~~~ ~ :Ull~ OURt ~ CLE'= i. ~ ` ~ ~ ~ ,~~~,,r, ,F 1E~ s. c.~~~.. ~ ~ , 1 / _ _ 25 4 i6 P~ ~85~2 ~ ~ BOOK2~8 PAGE~S74 t~atrr ai~ - vxrsnr, er xtus ~ : • _ ar'~ ~r<~. :.Y - - '~.x~`. ~:s ~a~"s~. -o-.'. r ~ ~ ~ ~ s ~ Cb.-r~{` j~~ ~»'~+~H ~'x»~~.2~ ' S~~~G~~~.~.~~ ~ . . - ~ .FS~'%`~'v` e _~~:~+r_~'.,, - ,