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Home My WebLink About2247 ~~cwr~ti[Nii MORTGAGE NOTE ' : $20,000.00 i~ate ot Note: Julf 16. 197~ ' Principal Amount: Ten Years ` Maturity Date: ~ Interest Rate: 9; - Amortisation Period: From the day heceot to the Maturity Date_ ~ : Ii?scalment Payment: $253.36 Firat Instalment Payment Date: 7;~~t)3t ld. ~-974 FOR VALUE RECEIVED. the undersigned and ii more than one. jointly and severally (the Tiaker). dces hereby co~enant and pmmise to pay to the order of Sun Bank of Sk Lucie County or to its successors or assigns (collectively the Pa~ee). at its principal oftice at 111 Orange Ave.. Fort Pierce. Fla or at such other place as the Payee may designate to the Maker in writing fmm time to time. in legal tender of the United States. the Principal Amount together vrith interest at the Interest Rate on the unpaid balance of the Principal Amount.. The sums due nnd owinR hereunder shaU be payable during the Amortization Period in equal monthly instalmenta. each in the amount ot the Instaltaent Payment. the tirst s~~~nstalment Payment to be made on the First Instalment Payment Date and su6sequent Instalment Paymenta on th~ ' ~ dey ot each month therea[ter until the Maturity Date whereupon the entire unpaid balance ot principal and intereat accrued and unpaid thereon shall become due and pay- aWe; each such instalment when paid shall be applied tirat to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereoi to plyment on account ot principal. If any Instalment Payment shall not be paid when due, then tlie entire principal sum r?nd a.crued interest here- under shall become due and payable at once or thernatter. at the option of the holder of thi~ Note. The PaYee maY. at its option, collect a late charge not to exceed two centa for each one dollar of each Instalment Payment not paid when due to reimburse the Payee for e:penses of servicinB delinquent Insfalment Peyments. Failure to exerciae these oPtians shall not constitute a waiver of the right to exen~ise the same in the event of any subsequent default. It is turther agreed that the Maker and each endoraer, surety, guarentor. jointly and aeverally, ahaU paY all co~ts of f collection of this Note, including a reasonable attorney's fee. on failure to pay any Instalment Payment or any accrued interest due hereunder on the due date thereof. 1'his Note and all sums due hereunder ahall bear interest at the highest lawful rate of interest per annum in the State of Florida trom the date when the principal and accrued interest under this Note ahall be due and payable_ The total interest payable hereunder shall not in any one year exeeed the highest lawful rate of interest in the State of Florida. This Note is secured by a M~rtgage, dated the date hereot, of property situated in the State of Florida_ ` The Maker agrees that it shall be bound by any agreement e:tending the time or modifyinK the above terms of ~ payment, made by the Payee and the owner or ovrners of the property affected by said Mortgage, whether with or with- out notice to the Maker, and lhe Maker shall conlinue liable to pay the amount due hersunder, but. with inlerest at a rate no greater than the Interest Rate, accordinR to the teru~ of any such agreement of e:tension or modiCcation. ~ The unpaid balance of the Principal Amount, plus accraed intetest shall become due and payable at the option of ~ the Payee under the happening.of an ever~t by which said balance shall or may become due and payable under the terms of said :~tortgage. This Note may not be chaiiged orally, bul only by an agreement in writing, signed by the party against whom en- forcement oE any waiver, change, modification or discharge is sought_ All parties to this Note, wt~ether Maker, principal, surety, guarantor or endoraer, hereby waive presentment for payment, demand, protest, notice of protest, and notice of dishonor, and e:pressly agree jointly and severally to remain and continue Mund tor the payment ot the principal and interest pmvided tor by the terms of this Note, notwithstanding any extension ofi e:tensions of the time of, or tor the payment of said principal or intereat, or any change or changes in the amount or amounts agreed to be paid under or by virtue of the obligation to ~ay provided for in thia Note, or any change or changes by way o( release or sarrender or substitution of any real property and collateral, or either, held as security for this Note, and K•aive all and every kind of notice of such e:tension or e:tensions, change or changes, and agree that the same may be made without the joinder of fhe Maker_ Addresa : Route 1, Hox 83g i:ASC;i.T. Gi2GT~S, INC. . Fart Pierce, Fl.orida /s/ Leverett S. Shaw OiJ~4JC,. y~-~A I~Y • Fresident °~~3~ • O C~ ~*~~~~~4~ " - o 229 PACE 2247 F'.IN )tJ - FFIli:l: S7 ETAPi - _ _ _ ~.,<i~;,-,.'~~. ,~.~=,sti ~ ~ ' ~,il ~..s . '~k s~,t^,~str .~,t`"~,~--a ~ . ~ . - - - -