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Home My WebLink About0035 ~ ~'LNYAN[ hT 1 ~ ~ MORTG~?GE NOTE PRi1C~(l8) AIAOtI[1l: ~~SO, 000. 00 ua~ ot Noee: J~e 26. 19T4 ( Six Hundrad Fifty Thousand snd No/ 100 Dotisrs) Maturity Date: ON DEMAND Intcrest Rate: 8 ~ ~ Amortizaiion Period: From lhe day hereof to t1~e Maturity D~?ts. In~talnient Paytneat: a~i - Firat lnstal~nt Payment Date: ~A DeTri .Dd _ FOR VALUE ItECEIYED. the undersigned and if more than one. jointly and se~eraily (the \faker). does hemb~ co~enant and pmmise to p:iy to the atrier of Sun Bank of St. Lucie County or to its auccessors or assigns (coUeetively tlie Yayee). at its principal of~ce at 111 Orange A~e.. F~rt Pierce. Fla. vr at such other plrace as tl~e Payee may designRte to the ~taker in w-riting from time to time. in legal tenJer of the Ueited States. the Principal Am~unt together with interest at the Interest Rate on the un~?sid balanca of the Principal Amoun~ The sum~ due and owinA hereunder shall be payable during the Amortization Period in equal monthly instalmenta, each in the amount o[ the Instalment Payment. the tirst auch Instalment Payment to be made on the First Inatalment Payment Date and aubsequent Instalment Paymenta on the tirat day of each month thereatter until the Afaturity Date • whereupon the entire unpaid balance of principal and interest accrued and unpaid thereon shall becoine dtte and pay- able; each such instalment when paid s1w11 be applied first to the payment of interest on the unpaid balance at the I terest Rate and the remainder thereot to payment on account ot principal. v~- If any Instalment Payment shall not be paid when due, then lhe entire urinci{.*sl sum and ncrrued inte~st here- under shall become due and payable at once or thereafter, at the option of the holder of this Note. Tha Payee may, at its option, collect a late charge nol to e:ceed two centa for each one dollar of each Instalment Payment not paid when due to teimburse the Payee tor expenses of senriring delinquent Instalment Payments. Failure to exemise these option.a shall not constitute a waiver of the right to exercise the same in the e~ent of any subsequent detault_ It is further agreed thak the Maker and each endorser, surety, guarantor, jointly and se~•erally, shall pay all costa of collection of this Note, incluaing a reasonable attorney 3 fee, on ts~ilure to pay any Instalment Payment or any accrued interest due hereunder on the due date thereof. This Note and ail sums due hereunder shall bear interest at the highest Iawful rate of intetest per annum in the State ot FloridP trom the date when the principal and acrrued interest under this Note shall be due and payable. The total interest payable hereunder shall not in any one year e:ceed the hiRh~t lawful rnte of inte~est in the State ot Florida. ~ 'This I~Sole is secvred by n Morigage, d~ted 1he date tx+seof, ot piopetty aitua~ed in ti~e Stttte of F2ocide. The Maker agrees that it shall be bound by any agreement eztending the time or modifyinR the abo~~e terms cf pavment, made by the Payee and the owner or owners of the property aftectcd by said Mortgage, whether with or w-ith- k out notice to the Maker, and the Maker xhall conlinue liable to pay the amount due hereunder, but with interes! at a ~ rate no greater than the Interest Rate, accordinR to the terms o[ any such agreement ot extension or modi[ication. ( f The unpaid balance of the Principal Amount, plus accrued interest shall become due and ~.ayable at the option ot ~ the Yayee under the happening of an event by which said balance ahall ~r may beeome due and payable under the terms of said Mortgage. This Note may not be chanRed orally, but only by an aqreement in uriting, signed by the party againsl whom en- ~ fumement of any waiver, change, moditication or discharge is sought. All parties to this Note, v?hether Maker, principal, surety. guarantor or endorser, hereby waive presentment (or ~ payment, demand, protest, notice of protest, and notice of dishonor, and ezpressly agree jointly and severally to mmain and continue bound for the payment ot the principal and interest provided (or by the terms of this Note, notwithstanding any extension or extensions of the time of, or (or the payment ef said principal or interest, or any :hange or changes in the amount or amounts agreed to be paid under or by ~~rtue ot the obligation to pay provided tor in this Note, or any change or chanqes by wa~ of release or surrender or substitution of any real property and coltaterai, or eit6er, held as security for this Note, and M~aive :~11 and every kind ot notice of such extension or extensions, change or changes, and ~ agree that the same may be made without the joinder of the Alaker. ST. LUCIE COUN'rY WELFARE ASSOCIA TI , INC. i I ~ BY: ~'~,<< r ~ ATTFST: /s/ Mable C. 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