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MORTGAGE i~lOTE ~
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Frincipal wnaunt: ~26,bOd.00 _ Date at tvote: 00~= 1• 197~
Maturity Date: T~ti Y48=/
tA~~.t ~c~: g~s`
Amortiration Period: E`rom the dsy l~ereof W tbe Maturity Date.
~~,t ~y~„t: S3i~.Zl
~c ~~t par~ttc n~k: Dlov+e~st~eY 15. 197~
F08 VALUE RECEIVED. the nnderdBned a~d ii nwn tban one. jointly and seven117 (the Maker). dcea henby
rnvenant and promiae to psY to the order of Sun Bank of S't. L~eie ConatY o: to its auaesaoa or aaigas (eolleetively the
Psyee). at its prineipal offiee at 111 OnnB'e Av~. Fort Pie:+ee. Fla. or :t s~eh other pLce as the Fayee insy deaignste
to the Maker in ~rriting from time to time. in 1e~a1 tendes of the United Ststes. t~e PY+neiPal Amoant togethes ~vith
iaterest st tbe Interest Rate on tbe uupaid balanee oi tbe Prineipal Amount -
Tbe sums due and awin~ benwnder s6a11 be P~aY~ d~ tbe Amortizatio~ Petiod 'm e9ua1 montWy instaLnarts,
each in the amount ot the IndaLmeat Paymeat. the C~ret su t Pa~ymeat to be made on tbe ~zat Instalment
Payment Date and sabse~xeat Iastalment Paymeab on We C ot ~ac~ mont6 tbereatter until t6e Maturity Date
whereupon the entire anpaid balanoe o[ piiq~ciPal and intered aecn~ed and un~id thereon ahall become due and P~Y- ;
able: f8C~l a11Cb lO~8III1lII~ ~YblII ~1d l~ bQ SQ~II~ Cl[!~ t0 L~.' pHY~~ OE 11iL![~~ Op WB YDpSId bH~81ri.~E 8t ~lE IA- ~
terest Rate and tl~e remainder thereol bo paYment on acoaint ot principai. ~
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u any Instatment Payment al~su noc be paid wh~n a~e, then tbe eatire PtinciP~ ~m ~t aociuea intereat bere- i
under shaU becwoe doe and payable at ance os theee~fter. at tbe optiaa d the lwlder of this Note. T6e Payee may. at
ita option, collect a late diarE'~ not to e:oeed two oents for each ooe dollar d eacb Instalmtnt Payment not p~aid wben
due to reimburee tLe Payee for e:peases of setvicia~ ddin9~nt Instalment Psyments. Failure to eurcise tl~eee oPtiw~s
ahall not conatitute a waiv~er d tl~e riaht to ezenise the aame in the e~rent of any subseq+unt detault
It ia further agreed that tbe Maker and each endotser. wrety. 6usrantor. lointl3? and sev~eiaUy. aba11 Pay sll casta of
collection ot this Note, inclodins a reaso~nab~e attorney's fe~ on failure to pay any I~talment Payment or any aocraed
interest due bereandtr on the dne date thereo(. 17~ia Note and all sums dne h~reuada ahall be~r intereat at the hiehest
lawful rate of interest per snnam in the 3tate d Florids from tLe date wrhen tbe princiP~l and socnied interest under
thia Note ahstl be due and paYabie- '1'he total interest WYable l~ereunder ahall not in any w~e year e:ceed the highest
lawful rate of mterest in the Stste of Flo~ida.
i 'lUis Note ia xcured bY a Mort~e, dated tbe date bereof, ot ProPertY aitnated in the 3tate of Florida.
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~ t the time or moditYinE the above terme of
~ 1be Maker agreea that it aball be boa~ bY anY a~e~n~ ~z~
~ pnyment, made by the Payee and tl~e ow~ner or awneis o[ tbe properly affected by said Mort~e, wrhether with or with-
# out notice to We Maker, and tbe 1liaker ahall eoatmue liabie to pay tLe amonnt dae herennder. bat with intereat at a
~ rate no greater than tbe Intereat Rat~ acro~dint~ W the terms of a~? s~ch a6re~t d e:tena~on or modificatian.
Tbe nnpaid balanc~ of t6e Princ~pal Amount, Plus aociued intereat ahall became due and payable at We optiou ot
the Payee under the happeninB of an event by ~rhicL said balanee ahail or ma~ become doe and payable under tLe terms
of said Mortgage.
T6is Note maq not be cbanaed orallY, but onlq by an a~ment in writina. si~ed bY tbe P~Y se~t whom en-
fomemeat of any waiver, cbange. modif'tcation or d~r8e is sou~hi
All parties to this Note. whether Maker, principat. snretY. 6uarantor or eodorser. hereby waive pr~entment for ~
PaY~?t, demand, Pmteat, notioe ot protest. and notioe oE diehonor, and ezPresalY sSree lou?UY sud severally to remain i
aad rnntinue bound tor the payment of the principal and interest provided tor by the teims of this Nate, notwithstandina i
any e:teasion or eztensions of tbe time of, or for tbe payment of aeid pric~cipal or intet~st, or aay chanBe or chan6es in ;
the amount or amounta s6reed to be paid under or by virbie of the oMiaation to P~Y Ri'o'~?ided for in this Note, or any ~
change or c6anges by .rny of :elease or sarrender or sube~icution of any reai Pi~ope*h? and rollst~~1, or either, held aa
security for this Note. and vraive all and every kind ot notioe of sach eztension or e:tensions. chanBe or c6angPS, and
agree t6at the same maq be made without tbe joinder of tbe Mater_
~cldraas : 6805 Soutb Ia~ia~?- Riv~r Driw
~ Fort P1~res. Florida 33~50
/s/ Ed R. Smith
/s/ Mattilyn H. Smith
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