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Home My WebLink About0941 ~IEAYAN(N~1 MORTGAGE NOTE ' ~ June 28. 197~ J Principal Amount: S7 ~ OOO. 00 Date ot Note: i Maturity Date: Ten Y~iZ• , ° ; __~.~j ~ ~ Intetest Rate: 9s ~ Amortiration Period: From the day hereot to the Maturity Uate_ • f ~ Instalment Payment: $S~.6Q ' ~ Firat Instalment Payment Date: At19Uat 15 ~ 1974 ~ ~ ~ FOR V.1LUE RECEIVED, the undersigned and if more than one. jointly and seferally (the :1laker). dces hereby co~enunt and promise to pay to the order of Sun Bank of S~ Lueie County or to its successors or assigns lcollectively the Payee). at its principal of~ce at 111 Orsnge Ave.. Fort Aerce. Fla. or at such other place as the Pa~ee may designate to the ,ldaker in w-riting from time to time. in legal tender of the United States. the Principal .Amount together w-ith interest at the Interest Rate on the unpaid balanee of the Prineipal Amount. The sums due and owinR hereunder stwll be payable during the Amortization Period in equal monthiy instalmenta. each in the amount ot the Instalment Payment, the tirst such Instalment. Payment to be made on the First Instalment Payment Date and subsequent Instalment Payanents on thelrJt~av o[ each month thereatter until the rlaturity Date whereupon the entire unpaid balance of principal and interest accrued and unpaid thereon shall become due and pay- able; each nuch instalment when paid shall be applied [itst to the payment of interest on the unpaid balance at the In- terest Rate and the remainder theceot to payment on account of principal_ lf any Instalment Payment shall not be paid when due, then the entire principal sum and accrued interest here- under shall berome due snd payable at once or thereatter. at the cption of the holder of this Note. The Payee may, at i:s 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 servicinB delinquent Instalment Payments. Failure to e:ercise these options shall not constitute a waiver of the right to e~errise the same in the event cf any subsequent default. It is further agreed that the Maker and each endorser, surety, guarantor, jointly and aeverally, shall pay all costs of collection ot thi.4 Note, including a reasonable attomey'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 fro~n the date when the principal and acrrued interest under this 1\ote s,'iall 6e due and payat~le_ The total interest payable hereunder shall not in any one year excred the highest lawful rate of intetes: in the State of Ftorida. This Note is se.~:red by a Mortgage, dated the date hereof, of properiy situated in the State of Florida. The Maker agrees that it shall be bound by any agreement extending the time or modifyir_g the above ternu 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 ihe Maker, and the I?laker st~all continue liable to ~~ay the amount due hereunder, but with interest at a ~ rate no ~reater than the Interest Rate, acrordinR to the terms of any such agreement of eYtension or modification. ~ The unpaid balance of the Principal Amount, plas acrrued internst shall become due and payable at the option oi ~ the Payee under the happening of an Qvent by which said balance shall 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, rnodification or discharge is sought_ All parties to this Note, whether Maker, principal, surety, guarantor or endoiser, hereby waive presentment [or payment, demand, protest, notice of protest, and notice of dishonor, and ezpressly agree jointly and sevetally to remain and rnntinue bound [or the payment of the principal and interest pro~ided for by the lerms of this Note, notwithstanding ' any extension or extensions of the time of, or (or the payment ot said principal or interest, or any change or changes in the amount o~ amounts agreed to be paid under or by virtue ot the obligation to pay provided for in this Note, or any chanqe or changes by way of release or surrender or substitution of any real propedy and collateral, or either, held as security tor this Note, and w-ai~•e all and every kind of notice ot such extension or e:tensions, change or changes, and ~ agree that the same may be made without the joinder of the 1liaker. ~ : P O Boz 1538 A~dze~a - Fort Pierc~, Floriia 33450 ~ ~ /s/ J. W. Goodwin /s/ Rosalie Goodwir~_ ~ aODK ~ PAGE }"~wif 721 - FFSfi:S~ ~7 I~.C~ ~~.2~9' ~ . _ _ . - _ _ . . ~.~t ~ V. ~ 5-u ~+S"„^„` ~ : 1 ~ ~ - `1 i . . c:X~~.~.~ _ . . u. _