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Home My WebLink About2993 ~ nwM•hc..T~ MORTGAGE NOTE < rr'A"~°t ~`°°"°t: 12 000. 00 01 NO~~ 5ept~o~ber 13. 19?4 ~ ~ , ~ Maturity Date: Te1i Ye:i r• ~ ~ , Interest Rate: 9~% . A~~~u~n period: F~om t}~s day hereot to tl~e Maturity Dwte. ' . F ; 1 Instalment Payment: ~155, 2$ i i a F'irst Inatalment Paya~ent Date: OC~pb~! IS. 19T4 ; ~ ~ FOB VALUE RECEIVED. the w~dersigned an~l ii more than onc. jointly and aeverally (the Maker). dces hereby ~ covenant and promise to paY to the order oi Sun Bank oi Sk Lueie Counly or to its succeasora or assigns (collect'rely the Payee). at its principat office at 111 Orsnge Ava. Fort Aeree. F4. or at such other ptaee as the Payee may designate . to the ~aker in writing from time to time. in lcgal tender of the United States. the Prineipal Amount toget6er vrith interest at the Interest Rste on We unpsid balanee of the Priaeipal Aaaunk The sums due and owinR hereunder sl~all be payable durina the Amortisation Period in equal awnthly instalmenta. each in the amaunt ot the Instalmert Paymen~ t6e tirst suc6 Insfalment Paya~ent to be made on the Firat Instalment Payment Date and subsequent Iastalme~t Paymeab on t6el 5i~1 dsy oE ~ch mont6 tl~erea[ter until the Maturity Date whereupon the entire unpaid balance ot prin~ipnl aad intere~t accrued and unpaid t6ereon shall become due and pay- able; each such instalmeat when paid sball be applied Crst to tbe payment ot interest on the unpaid balance at the In- terest Rate and the remainder thereof to payment oa account ot principal. lt any Instalmeat Payment ahall not be paid when due. then the entire principal aum and accrued inteiest here- i under shall become due and payable at onee or thereatter, st the optic.. ot the holder of this Note. Tl~e Payee may, at ~ its optioa, collect a late charge not to ~ceed two cents tor each one doilar ot eech Instalment PaYment not paid when ~ due to reimbuiae the Payee tor e:penaea of aervicin6 delin9~en~ Inata~me°t Paytnents. Failure to e:ercise these options ~ ahall not coas6tute a waiver of the right to e:errise lhe aame in !he event of anY aubeequent default It is further agreed that the Maker and each endorser. surety. Buarantor. jointly and severally, a6a11 pay aU costa of collection ot this Note, including a reasonabie attorney's fee. on tailure to pay any Instalment Payment or any acerued intereat due Mreunder on the due date thereof. Tl~ia Note and all au~cn due hereunder shall bear interest at the higheat Iswful rate ot interest per annum in tbe State of I~lorida trom tbe date when the principal and aocrued interest under this Note aLaU be due and payabl~ The wtal inte~+est payable herennde- a6R11 not in any one ye~r e:ceed the highest lawEul rate of intereat in the Stste of Florida ; This Note is secured by a Mortgage. dated the date bereof. of ProPertY aituated in the State of Florida. ~ i T6e Maker agrees that it ahall be bound by any aBreeme~t eztendi~ tbe ~ime or madifying the above terms of ~ payment, made by the Payee and the owner or ovrners of the pmperty aftected by said MortgaEe. whether with or with- ~ out notice to the Maker. and the Malcer shall continue liable to pay tbe suwunt due hereunder. but wit6 intereat at a ~ rate no greater than the Interest Rate. aocording to the tera~s oi any such aereement of eztension or modiC~cation ~ The unpaid balance o[ the principal qmount, pl~u accrued interest shall becotne due and payable at the option ot the Payee under tM happening of aa event by which said baianee shaU or may become due and payable ~nder the tern~s of said Mortgage. Thia Note may not be ctv.nged orally, but only by an agreement in writinB. si~ed bY ~ Pa~ aea~t whom en- g fomement of any waiver. change, modiCcation or discharge ~s sought All parties to Wis Note. whether Maker. Principal, aurety. guarantor or endoraer, hereby waive presentment tor ± payment, demand, pmtest, notice of protes~ and notice o[ dishonor, and e:pressly a6ree jointiy and aeverally to remain and continue bound for the payment of the principal and interest provided (or by the terms oE thia Note, notwithafanding any eztension or extenaiona of t6e time ot, or tor the payment of aaid principal or interest, or any change or c6angea in the amount or amoanta agreed to be paid under or by virtue o( the obliastion to pay provided for in this Note, or any change or changea by way of releaae or surrender or substitution of any real pmperty and coUateral. or either. held as security for thia Note. and v?aive all and every kind ot notice of such e:teasion or e:tensions, change or changes, and agree that tbe same may be made without t6e joinder ot tbe Maker. /s/ Eve M- Salisbury . ~ d00K~.V1 PAGE~:~ ~ ~ ~ mwr na - vxr~rr, t~ F%,u~ i ~