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Home My WebLink About1804 i rf11YANCN7 ~ MORTGAGE NOTE Principal Amount: ~S~ 400. 00 Date ot Note: J~' 2~ ~9T~ Maturity Date: bQ mpp~?/ - Interest Rate: 9 ~ Amortisation Period: From the day her~ot to the Matutity Date_ Instalment Payment: ~ i 12• 10 First Instalment Payment Date: ~~~t 1S, 19T4 FOR Vr1LUE RECEIVED. the undersiened and if more t3~an one. jointly and se~ernlly (the ~faker). dces hereby rnvenant and promise to pay to the order of Sun Bank of S~ Lucie County or to its successors or assigns (collectively the Payee). at its principal ofiice at 111 Orange A~e.. Fort Pierce. Fla. or at such other place as the Payee may designate ; to the 1?ialcer in W riting from time to time. in legal tender of the U~ited States, the Principal Amouot together W-ith ; interest at the Interest Rate on the unpaid balance of the Principal Amount ~ The sums due and owinK hereunder shal! be payable during the Amortisation Period in equal monthly instalments, ~ each in the amount of the Instalment Payment, the tirst such Instalment Payment to be made on the First Instalment ~ Payment Date and subeequent Instalment Payments on the tirst day ot each month thereafteT until the Maturity Date _ whereupon the entire unpaid balance of principal and interest accrued and unpaid thereon shall be~-ome due and pay- able; each such instalment when paid shall be applied (iest to the payment of interest on t'ae unpaid balance at the In- terest Rate and the remainder thenof to payment on account oE principal. If any Instalment Payment shall not be paid when due. then the entire principa~ sum and accnted interest here- under shall bcti~ome due and payable at once or thereafter, at the option of the holder of this Note. The Payee may. at its option, collect a late charge not to e:cecd two cenfs for each one dollar of each lnstalment Payment not paid when due to teimburse the Payee tor ezpen4es of servicinB delinquent Instalment Payments_ Failure to e:erci..~e these options shall not constitute a waiver of the right to exerci4e the same in the event of any -subsequent default. It is further agreed that the Makes and each endorser, surety, guarantor, jointly and seeerally, shall pay all costa ot ~ collection of this Note, including a reasonable attorney's fee, on failure to pay anv Instalment Payment or any acYrued interest due hereunder on the due date thereot. 1'his Note $nd all sums due hereunder shall bear interest at the highc;t lawful rate of interest per annum in the State of Florida trom the date when the prin!tipal and accrued interest under this Note shai( be due and payable. The total is~terest payablx hereunder shali not in any one year exceed the highest law[ul rate of interest in the State of Florida_ j This Nute is secured by a Mortgage, dated the date hereof, ot property situated in the State of Florida. ~ ~I The Maker agrees that it shall be bound by any agreement e:tending the time or moditying the above terms of ~ payment, made by the Payee and t.he owner or owners of the property aftected by said biortgage, whether with or with- out notice to the Maker, and the Maker shall continue liable to pay ihe amount due here~u?der, but v~ith interest at a p rate no greater than the Interest Rate, accordinR to the terms of any such agreement of extension or modification. The unpaid balance of the Principal Amuunt, plus acrrued interest shall become due and pa~able at the option of the Payee under the happening of an event by which said balanee shall or may become due and payable under the temu 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, modification or discharqe is sought_ All parties to this Note, whether Maker, principal, surety, guaraieior or endorser, hereby waive presentment for payment, demand, protest, notice of pmtest, and notice of dishonor, and expressly agree jointly and se~erally to remain and continue bound tor the payment of the principal and interest provided (or by the terms oi this Note, notwithstanding any eztension or extensians of the time ot, or tor the payme~it ot aaid principal or interest, or any c6ange or chanqes in ~ the amount or amounts agreed to he paid under or by viriue of the obligation to pay proeided ior in this Note, or any change or changes by way o[ release or surrender or s~bscitution of any real property and collateral, or either, held as security for this Note, and v?aive all and every kind of notice of such eztensiun or e:tensions, change or changes, an~ agree that the same may be made without the joinder of the Maker_ ~ : :v. ^race ~/s • f,^ T .y . _ . : - . ~T ~,m~:' ~ rg~n ~c / ~ `~~r F_fr+ ;u - Frur, rs; er f?.tqr ~ a.,~. . . c_~s ;2:~•'ri ~ _ »n~' :i,~~ r• ~ II _ ~ ~ r j