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Home My WebLink About1711 ' ~E11YANf H~1 . MORTGAGE NOTE ; principa! Amounc: ${0,000.00 Date ot Note: July 10, 1974 ~ ; Maturity Date: Ten Y9II~'9 j ; . Interest Rate: g}~$ ~ Amoriization Period: ~om the day hereo[ to the Matucity I?ate. < ! ; Instalment Payment: C517.60 - : FSist Instalmeat Payment Date: A~~c3~~~~ ~Q s 197+~ - F 1 ~ ~ FOR YaLUE BECEIVED. the undersigrted and if more than one. jo:ntly and severally (the D~laker). dces hereby ~ covenunt and promise to pay to the order of Sun Bank of Sk Lucie County or to ita succesgors or asaigns (rnllectively the Payee). at its principal office at 111 Orange A~e.. Fort Pierce, Fla. or at such other pluce as the Payee msy designate i to the Maker in w-riting fmm time to time. in legal tender of the United States, the Principal Amount together vrith ; interest at the Interest Rate on the unpi?id balance of the Principal Amoun~ ~ The sums due and owinlt hereunder ahall be payable during tbe Amorti~ation Period in equal monthly instalmenta. each in the amount ot the Inatelment Payment, the tirst such Inatalment PaymeM to be made on the Fiist Inatalment Payment Date and subsequent Instalment Payments on thel~ytj~aY o[ each month thereatter until the Ma:~rity I?ate whereupon We entire unpaid balance of principal and interest accrued and unpaid thereon shall become due a~ pay able: each snch instalment when paid ahall be applied Crst to the payment ot interest on the unpaid balance at the In- terest Rate and t6e remain~er thereot to payment on account.oi prinsipal. If any Iastalment Payment shall not be paid when due. thea the entire PtinciPa~ aum and accrued interest here- under shall become dne and payable at once or thernatter. at the option of the holder of thia Note. The Payee maY. at its option, collect a late charge not to exeeed two cents for each one dollar of each Instalment Payment not :?sid when due to reimbune the Payee [or e:penses of servicing delinquent Instalment Paytnents. Failure to exercise these optiona shall not constitute a waiver of the ri8ht to exercise the same in the event of any subaequent default. It is turther agreed that the Maker and each endorser. surety. guarantor. jointly and se~~erally, eha11 paY all costa ot collection of this Note, including a ressonable attomey's fee, on failure to pay any Inatalment Payment or any accrued interest due hereunder on the due date thereof. 1'his Note and all sums due hereunder shall bear interest at the highest lawful rate of interest per annum in the State of Florida from the date when the principal and accrued intereat under ~ this Note shaU be due and payable. The total interest pavat+2e hereunder shall not in any one year exceed the hiBhest lawful rate of interest in the State of Florida. This Note is secured by a Mortgage, dated the date hereof, of property sitaated in the State of Florida. F I ~ ~ 1'he Maker agmes that it shall be bound by :~ny agreement e:tending the time or modifying the above terms of payment, made by the Payee and the owner or owners of the property aifected by said Mortgage, whether with or with- out notice to the Maker, and the Maker ahall rnntinue' liable to pay the amount due hereunder. but with interest at a rate no greater than the Interest Rate, acrording to die tern~ of any such agreement of e:tension or modi~cation. The unpaid balance of the Principal Amount, plus accrued interest shall become due and pmmyable at the option of the Payee under the happening of an event by which said balance shall or maq become due and payable under the terma of said Mortgage. T'his Note may not be changed orally, but only by an agreement in writing, signed by the party againat whom en- forcement of any waiver, change, moditication or discharqe is sought_ All parties to this Note, whether Maker, principal, sutety, guarantor or endorser, ,`~ereby waive presentment for - payment, demand, protest, n~tioe of protest, and notice of dishonor, and e:presaly agree jointly and aeverally to temain ; and continue bound tor the payment of the principal and inter~t provided for by tne terms of this Note, notwithatanding ~ any eztension or extensions of the time of, or for the payment ot said principai $'f'inttrest, or any ch~nge or changes in ~ the amount or amounts agreed *o be paid under or by virtue of the obligation to pay pmvided tor in this Note, or any ~ change or changes by way oi release or surrender or substitution of any w.al property and collateral. •.r either, held as security for this Note, and w-aive all and every kind o( notice of such eatension or e:tensions, chaTM~e or changes, and agree that t6P same may be made without the joinder of the Maker_ A3drese: p o ;BOx 3430 ~ Fort Pierce, Florida ~j~ITED PARZ'YEItS 111, I:~C. /s/ John R. Rea By: Presi ent By: Secretary/Treasurer > - DOQ~II~~~~7 PACE~7~ r_wr ~:r _ :rzr,:s: er a¢,~a ~s;;~,r~.- ~-t i - ' t ~,''s _ .~s. _