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Home My WebLink About1058 ~ ~ERY~MCMf 1 MORT~AGE NOTE $22 ~ 500.00 Date ot Note: July 3~ 1974 Principal Amount: Mac~ricy na~e: Fifteen Years " Interest Rate: 9g Amorlisation Period: From the day hereot to the Maturity Date. Inatalment Payment: $ ~ ~ $ • ~ 1 Firat Instalment Payment Date: AugllBt 15. 1974 FOA VaLLE RECEIVED. the undersigned and if more than one, jointly and se~erally (the ~iaker). does herebp co~enant and promise to pay to the order ot Sun Bank af S~ Lucie Count~ or to its success~rs or assigns (collecti~ely the Payee). at ita princ:pal offiee at 111 Orange Ave.. Fott Pierce. Fla or at such other place as the Pa}ee may designate to the ~iaker in v~-riting from time to time. in legal tender of the linited States. the Principai Amount together with . interest at the Interest Rate on the unpaid balance of the Principal Amoun~ The sums due and owinR hereunder shall be payable during the Amortization Period in equal monthly instalmenta, eseh in „?e ar•s~~:nt at !!:e Inslulment Payment, the tirst such Instalment Payment to be made on the First Instalment Payment Date and sub~equent Instalment Paymenta on the first day of each month therea(ter until the Maturity Date whereupon the entire unpaid balance of prin~~Pa~ and interest accrued and unpaid thereon shall become due and pay- : able; each such instalment when paid s1~a11 be applied firat to the payment of interest on the unpaid balance at the In- _ terest Rate and the remainder thereof to payment on account ot principal_ If any Instaiment Payment shali not be paid when due. then the entire princiPa~ sum and accrued interest here- under shall become due and payable at once or thereatter, at the option of the holder of this Note. '1'he Payee may. at its option, collect a late charge n~t to ezceed two cents for each c;ae dollar of each Instalment Payment not paid when due to teimbutse the P:~yee tor e:penses of servicing delinquent In3talment Payments. Failure to e:errise these options shall not constitute a waiver of the right to e:erci.ge the same in the event of any subaequent detault. ~ It is turther agteed that the riaker and each endorser, aurety, guarantor, jointly and se~erally, ahall pay aU caeta of collection of this Note, including a reasonable attorney's fee, on tailure to pay any Instzilment 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 ot Florids~ from the date when the principal and acrrued interest under this Note ~hall be due and payable. The total interest payable hernunder shall not in any one year ezceed the highest lawful rate cf interest in the State oi Florida_ This Note is secured by a Mortgage, dated the date hereof, of pivpertY situated in the State of Florida. . ~ The Maker agrees that it shatl be bound by any agrecment extending the time or modifying the above temti+ ot ~ payment, made by the Payee and ihe owner or ow~ners of the property a[fected by said Mortgage, whether with or v?ith- I 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, accordinR to the terms of any such agreement of extension or modiCcation. ~ I ~ The unpaid balance of the Principal Amount, plus acrrued interest shall become due and payable at the uption oi ~ the Payee under the happening of an event by which said balance shall or may become due and payable under the terms of said Mottgage_ ~ This Note may not be changed orally, but only by an agreement in writing, si~;ned by the party against whom en- ~ ~ torcement of any waiver, change, modification or discharge is sought. ~ All parties to this Note. whether Maker, principal, surety, guarantor or enc~orser, hereby waive presentment for payment, demand, protest, notice of protest, :+nd notice of dishonor, and e:pressly agree jointly and severally to rem:~in and continue bound for the payment o( the principal and interest provided tor by lhe terma oi this Note, nolwithstanding any extension or e:tensions of the time ot, or for !he payment of said principal or interest, or any change or changes in the amount oe amounts agreed to be paid under or by virtue of the obiigation to pay pmvided [or in this Note, or any ~ change or c6anges by way of release or surrender or substitution o( any real property and collateral, or either, held as ; securitv for this Note, and w-aive all and every kind of notice of such e:tension or e:tensions, chanoe or changes, and _ agree that the same may be made without the joinder of the Maker. ~ .s • 2, ~ ~ ~ ~ ~ 3 ~ ~ y ',t ~ - ~ 80~K~.~•~7 PACE~UJD F~.4f i2! - FP.is,'i~: :T6f~ ~ - . _ j ~ ^~`:;,,,~,a, ~ .~s-_ ~y ~ . _ ~