HomeMy WebLinkAbout0140 f
~
:
~ KRYwhEMT 1
~
MOR'fGIIGE NOTE
k
~;~;~t ~~t: 3, 000.00 °f NO~°~ Auqust 20. 197~t
Matuiity Date: Ten Y83=s
Interest Rate: 9~~
pmortisation Period: From the daY hereof to the Maturity Date. ~ ,
4
Instalment Payment: i
$38.~2
Fl'rat Instal~ent Paynnent Date: SBpt~1' 16 ~ 1974 ~
FOR VALUE RECEIVED, the undezsigned and if ~nare than one. jointly and severaliy (the D~Iaker). dcea hereby
rnvenant and pmmise to PaY to the order of Sun Bank of St Lucie County or to its successors or assigns (collectively the
Payee). at its principal office at 111 Orange Ave.. Fort Pierce. Fla. or at such other place us the Payee may designate
to the ~isker in vrriti-ig fmm tim~ to time. in legal tender of the United States. the Principal Amount together vrith
interest at the Interest Rate on the unpaid balanee of ihe Principal Amoun~
The sums due and owinlt hereunder ahail be payable during the Amortizatio~ Period in equal monWy instalments, ,
each in the amount ot the Instalment Payment. the tirst such Instalment Payment to be made on the First Inatalment
Payment Date snd subeequent Instalment Payments on lhe tiist day ot each month therea[ter until the Matuzity Date
whereupon the entire unpaid balance of prir~cipal and intereai accrued and unpaid thereon ahall became due and pay-
ab{e; each such inataiment when pnid sball be applied Crst to the payment of interest on the unpaid balance at the In-
terest Rate and the remainder thereot to payment on account o[ principal.
If any Instalment Payment shali not be paid K•hen due. then the entire principal sum and aecrued intereat here-
under shall become due and payable ~t once or thereafter, at the option of the holder of this Note. T6e Payee may, at
its option. collect a late charge not to e:ceed two centa tor each oas dollar of ~ch Instalment Payment not paid when
due to zeimburse the Payee for e:penses c+t ~ervicinB delinquent Iiestalment Payments. Failure to e:ercise these options
shall not constitute a waiver of the right to exerci~e the same in the event of Aay subeequent detault.
It is turther agreed that the I?Taker and each endoraer, surety, guarantor, jointly and severally. shall paY all costs ot
collzction of this Note, including a reasonable attorney's (ee. on failure to pay any Instalment Payment or any accrued
inter~st due hereunder on the due date thereof. '17~is Note and all sums due hereunder shall bear interest at the highest t
lawful rate of interest per annum in ihe State oE Florida fmm the date when the principal and accrued interest under
this Note ahall be due and payable. The tatal 'entemst payable hereunder shall not in any one year e:ceed the highest
lawful rate of interest in the State of Florida.
' This Note is secured by a Murtgage, dated the date hereof, of property situated in the State of Florida_
f The Maker agrees that it s6a11 be bound by riny agreement e:tending the time or modifying the above terans of
~ payment, made by the Payee and the ov?mer or owners of the pmperty affected by said Mortgage. whether with or w:th-
out noticE to the Maker, and the Maker ahall continue liabie to pay the amount due bereunder, but with interest at a
rate no greater than the Interest Rate, aecordinK to the ter~.s of any such aareement of e:tension or modification.
The unp3id balance of the Prin~;pal Amount, plus accrued intere3t shall become due anci payable at the option of
the Payee under the happening of : n event by which said balance shall or may become due and payable u~er the terms
of said Mortgage.
This Note may not be changed oraliy, but only by an agreement in writing, signed by the party againat whem en-
forcemen: of any waiver, change, modification or discharge is sought_
All parties to thi` Note, whether Maker. principal, surety, guarantor or endorser. hereby waive preseatment tor
payment, demand, protest, notice of protrst, and notice of diahonor. and e:pt~essly agree jointly and aeverally to temain
and rnntinue bound for the payment of the principal and intereat provided for by the tertna oi thi~ Note. notwithstanding
any eztension or e:tensions of the time of, or for the pay~ment of said principal or interest, or any change or changes in ~
the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided for in thia Note, or any ;
change or change~ by way of release or surrender or substitution of any real ptoperty and collateral. or either, held as '
security for this Note, and w•aive all and every kind ot notice o( such eztension or e:tensions, change or changes, and
agree that the same may be made without the joinder ot the htaker.
/s/ Jane M. Black
~
/a/ Lonnie C. Black
BOOK~~31 140
R7M D!I - PP1l:l~ !T IQ'/li! ~
~