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Home My WebLink About2131 .1fRY~M[N11 MORTGAGE NOTE P~nciPal Amount: $30 ~ 000. 00 Date of Note: July 10 ~ 1974 Mawricy naee: Fifteen Yeass ~ Inter~+t Rate: Amo:tisation Period: Fwm the day hereo[ to the Maturity Date. Instatment Payment: $ 2 9 S. 4 3 First Insiulment Payment Date: $6~itgylU@r 1 i 1974 FOR YALUE RECEIVED. the underaigned and if more than one. jointly and severally (the 211aker). dces hereby co~enant and promise to pay to the order of Sun Bank of Sk Lucie County or to its succe.ssora or assigna (collectively the ' Payee). at its principal offiee at 111 Orange Ave.. Fort Aeree. Fla. or at such other place as the Payee may designate to the Jdaker in W~riting fmm time to time. in legal tender of the United States, the Principal Amount together with interest at the Interest Rate on the unpaid bslance of the Principal AmounR. The sums due and owinR hereunder shall be payable dusing the Amortization Period in equal mondily instalmente. each in the amount ot the Instalment Payment, the tirat such Inatalment Payment to be made on the First Inatalment Payment Uate and subQequent Instalment Paymenta on the tirat day ot each month thereatter until the Maturity Date whereupon the entire nnpaid balance ot principal and interest accrued and unpaid thereon ahaU bec~ome dae and pay- able; each such instulment when paid shall be applied fitst to the paS•ment of interest on the unpaid balance at the In- terest Rate and the remainder thereo[ to payment on account ot principal. If any Instalment Payment shall not be paid when due. then the entire principal aum and acrrued inte*est here- under shull become due and payable at once or thernatter, at the option of the holder of this Note. The Payee may. at its option, coUect a late charge not to ezceed two cents tor each one dollar of each Instalment Payment not paid when due to reimburse the Payee tor e:penses of setvicinB delinquent Instalment Paymenta Failure to exemise these optiona shall not constitute a waiver ot the right to exercise the same in the event of any subaequent default It is further agrned that the Maker and each endorser, aurety, gaarantor, jointly and eeverally, ahall pay all cw~ts of collection of this Note, including a reasonable attorney's tee, on failure to pay any Instalment Payment or any aecrued 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 Florida from the date vrhen the principal and accrued interest under this Note shall be due and payable_ The total inlerest payable hereunder shaU not in any one yesr excecd the highest lawful rate of interest in the State of Florida. This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. j The Maker agrees that it shall be bound by any agreement eztending the time or modifying the above ternu oE ~ payment, made by the Payee and the owner or ovmers of the pmperty af[ected by said Mortgage, whether with or wzth- ` out notice to the Maker, and the Maker shall continue liabie to pay the amount due hereunder, but with interest at a ! rate no greater than the Interest Rate, according to the terms of any such agreement of e:tension or modification. ~ The unpaid balance of the Principal Amount, plus aecrued interest shall become due and payable at the opvon of ~ the Payee under the happening of an event by which said balance shall or may become due and payable under the terms 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, modi6cation or discharge is sought. All parties to this Note, whether Maker, principal. surety, guarantor or endorser, hereby waive presentment for payment, demand, protest, notice of ptotest, and notice of dishonor, and e:pressly agree jointly and severally to remain and continue bound tor the payment of the principal and interPSt provided tor by the terms of this Note, notwithstanding any eztension or e:tensions of the time of, or for the payment o[ said principal or interest, or any change or c6anges in the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided tor in this Note, or any change or changes by way of release or surrender or substitution of any real pmperty and collateral, or either, held as security for this Note, and ~saive all and every kind ot notice ot 4uch e:tensioe or extensions, change or changes, and agree tfiat the same may be made without the joinder o( the Maker_ The Peninsular Florida Bistrict ~ddress: P. O. LaY 3aa~ Counci? of *_he Ass~lies of God, gort Pierca, Floriua 33450 Ync. - ~ /s/ J. Floyd Johnson Superintendent /s/ E. R. Schulz Secretary 8001(~ P~~~ tr,t~ ~s~ - etn,-:r, s~ t=~ - - - - - - - _ j~ ~~a ,~,3,~~ s'- ~ , ~ i i ~i 1. - f' i z,=~ i ~~~ya3 • ,;3 - - _