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Home My WebLink About1270 ~?EAM~N[M11 MORTGAGE NOTE S lZ , 000. 00 ~ No~: ~nly S, 197~ Principal Amo~tnt: Maeuriey Dace: ~itte~n Yeato Intereat Rate: 8~~ Amortisation Period: ~om the day hereot to the Maturity Date. Instalment Payu~ent: S 118 .1? First Instalment Payment Uate: Sopte~ober 5. 197~ FOR VALUE RECEIVBD~ the underaigned and if more than one, jointly ~?nd severally (the 1lfaker). does hereby covenant and prnmise Yo PaY to the order of Sun Bank of SL Lucie County or to its suecessors or assigns (collectively the Payee). at ita principal office at 111 Orange Ave.. Fort Pierre. Fla. or at sueh other place as t1~e Payee may designate to the Maker in v~-riting irom time to time~ in legal tende: of the United States. the Principal Amount togeWer ~zth interest at the Interest Rste on the unpaid balance of the Principal Atnoun~ The sum~ due and owinR hereunder ahall be payable durina lhe Amortisation Period in equal monthly inatalments. earh in t6e amount o( the Instalment Payment. the tirat suCb ~nataiment Payment to be made on the Fi~st Instalment Payment Date and subeequent Instalment Paymenta on the ~~~~~t~aY of each month therea[ter until the Maturity Date whereupon the en:ire unpaid balance ot priqcipal and interest accrued and unpaid thereon shall become due and pay able; eac6 sac6 instalment when paid shall be applied [irst to the payment ot interest on the unpaid balsnce at the In- terest Rate and the remainder thereof to payment on account ot principal. If any Instalment Payment shall not be paid when due, then the entire principal aum and accrued interest 1~ere- ~ under shall become due and payable at once or thereatter, at the option of the holder of this Note. The Payee may, at its 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 ezpenses oi servirin8 delinqueat In+talment Payments. Failure to e:ercise these options shall not rnnstitute a waiver of the right to e:ercise the same in the event of any subeequent default. It is turther agreed that ~'~e Maker and each endotser, aurety, Buarantor. jointly and severally, ahall paY all coats ot coltection of this Note, including a reasonable attorney's fee. on failure to pay any Inatalment Payment or any acerued interest due hereunder on the due date thereof. 'I9iis Note and all sums due hereunder shall bear interest at the highest lawful rate of interest per annum ia the State of Florida from the daie 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 hiBheat lawful rate of interest in the State of Florida. This Note is secured by a Mortgage, dated the date hereot. of propeHy situated in the State of Florida_ t i The Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above terms of ~i payment, made by the Payee and the ovmer or owners of the property atfected by said I?iort~age, whether with or with- out notice to the Maker, :~Ld 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 terms of any auch agreement of eztension or modification t The unpaid balance of the Principal Amaunt, plus acrrued interest shall become due and payable at the option of ~ the Payee under the happening of an event by which said balance shall or may become due and payable under the tetr.~s ot said Mortgage_ T,'us Note may not be changed orally, but only by an, greement in writing, aigned by the party against whom en- forcement of any waiver, change, modification or dischnrge is sought. ~ ~ All parties to this No!e, whether Maker, principal, surety, guarantor or endorser, heteby waive presentment tor payment, demand, protest, notice of protest, and natice of dishonor, and e:pressly agree jointly and severally to remain and continue bound for the payment of the principal and interest provided tor by the terma of this Note, notwithstanding any eztension or e:tensiens of the time of, or tor the payment of said principal or interest, or any change or changes in the amount or amounts agreed to be paid under or by virtue ot the obligation to pay provided tor in this Note. or any change or changes by way of release or surrender or substitution ot any rea2 property and collateral, or either, held as security for this Note, and v~aive all and every kind ot notice of sach e:tension or extensions, change or changes. and agree that the same may be made without the joinder of the Maker. Address: 612 South Z3rd Street ~ ~ /s/ J. A. Waite, Sr. F /s/ Elizabeth I. Waite ~ - BOOK~C~?~?~7 PAGE~~.~9 t~nr aa~ - ratirrr, tn ¢,uw - - _ ~k ~ } _ . . _ _ _ - - - - - 'v;- ~a' . ; _ ..a~i-'~;? , . _ .