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HomeMy WebLinkAbout1707 ~rfRw~N[Nii MORTGAGE NOTE S7, 000.00 Date ot Noce: July 9, 197i ' Principal Amount: Maturity Date: s~ YO~l'i Interest Rate: S~ Amortization Period: From the day hereot to the Maturity Date. , Ir~+taiment Payment: S1Z6.18 August 15. 19?~ Firat Instalment Payment Date: FOB V~LUE RECEIVED. the undersigned and if more than one, jointly and severally (the D~laker). doea hereby ' co~enant and promise to paY to the order of Sun Bank of S~ Lucie County or to its successors or assigns (eallectivelY the Payee). al its prineipal office at 111 Orange Ave.. Fort Pierce. Fla or at such other place as the Payee may designate ! to the JSaker in v?riting from time to time. in legal tendeT of the United States, the Prineipal Amount toge~ther with interest at the Intemst Rste on the unpaid balanee of the Principal Amouni The sum~ due and owinK hereunder shall be payable during the Amortization Period in e9~a1 monthly inatalments. ' each in the amount of the Instalment Payment. the Crat a~~• ~ talment Payment to be made on the Firat Ioatalment Payment Date and subsequent Instalment Paymenta on the ~Y o[ each month t6erea[ter unW the Maturity Date whereupon the entire unpaid balance ot prirt~~P$~ and intereat accrued and unpaid thereon ahall become due and pay- able; each such instalment when paid shaU be applied Crst to the payment oE interest on the unpaid balance at the In- terest Rate and the remainder thereot to payment on account ot prinripal. If say Instalment Payment shaU not be paid when due. then the entire principal sum and accrued intere.+t he*e- under sha11 become due and payable at once or thereafter, at the option of the hotder of this Note. The PaYee maY. at ita option, collect a late charge not to e:ceed two cenb for each one dolla~ of each Instalment Payment not paid when due !o reimburse the Payee ior e:penses of servicing delinquent Instalment Paymenta. Failure to exeerise t}~ese options shaU not rnnstitute a waiver of the right to e:errise the s:ur+e in the event of any subeequent default It is turther agreed that the Maker and esch endorser, aurety, guarantor. jointly and severaliy, ahall pay aU costa of collection ot this Note. including a reasonable attorney's fee. on tailure to pay any Instalment Payment or any acrtued interest due hereunder on the due date thereof_ 1'his Note and all swns due hereunder shall b~tr inlerest at the highest iaw-ful rate sf interest per annum in the State of Florida from the date when the principal and acrrued interest undes this Note shall be due and payable. The total interest Fayable hereunder shsll not in any one year ezceed the 1u6heat lawful rate of interest in the State of Florida. This Note i.S secured by a Mortgage, dated the date hereof, of property situated in the State of ' Florida. ` The Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above terms ot i payment, made by the Payee and the owner or owners of the pmpertY affected by said Mortgage, whether with or with- 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, acrordinR to the terms of any such agreement o[ e:tension or modification. 'The unpaid balanee of the Principal Amount, plus acrrued interest shall become due and payable at the option of the Payee under the happening of an event by which said balance shaU or may become due and payable under the terma of said Mortgage_ This Note n~ay not be changed orally, but only by an agreement in writing, signed by the party- agains: whom en- forcement of any waiver, change, modification or discharge is sought_ All parties to this Note, whether Maker, principal, surety, guarantor ot endoraer, hereby waive prexntment for payment, demand, protest, notice of protest, and notice of dishonor, and e:pressly agree jointly and severally ta remain and rontinue boun~ tor the payment u[ !he principal and intereat provided tor by the terms of t6is Note, notwith4tanding any exten-aion or extenaions of the time ot, or for the payment of said principal or interest, or any change or changea in the ~mount or amounts agreed to be paid under or by virtue of the obligation to pey provided for in lhis Note, or any change ur changes by way o( release or surrender or substitution ot any real property and collateral, or eit6er, held aa security for this Note, and w•aive all and every kind o( notice ot such e:tension or E_:tension9. change or changes, and ~ agree tt~at t6e same may be made without the joinder of the Maker_ _ Addt69i : 2817 SLIIIZ~SB BOtilOVald Pbrt Pierce, Florida 3345fl ~ ~ ~ ~ ~ s/s Claudia Z. Ebner [ s/s Earl V. Ebner saaK229 ~17~? . _ - - - - - ~ - ~ ~~y~ : - ~ F:~ ~ ~ ~ ~ ~ ti- _