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Home My WebLink About1896 ~ . t ~?[OM~MCNTI ! ! ' t 1 MORTGAGE NOTE =e,000.00 Date ot Note: ~r 1974 Principal Amount: i Maturity Date: T~ Intesest Rate: ~ 9~~ Amortization Period: Froar the day hereoi to tl~e Maturity Date. Inatelment Paytnent: ~103. S2 firat InstaLnent Payment Date: ~p~z? 1S ~ 197~ ` FOR VALUE RECEIVED. the underaigned and if more than one. jointly and severally (the Maker)~ doea hereby covenant and promise to paY to the order of Sun Bank oi St Lucie County or to its sueceasors or aasigns (collectively the Payee). at its principal office at 111 Orange Ave.. Fort Pierce. Fla. or at such other place as the Payee may desiSnate to the Maker in writing irom time to time, in legal tender oi the United States. the Principal Amount together with interest at the Intereat Rate on the unpaid balance of the Primipal Amount 17~e suma due and owinR hereunder shall be payable during the Amortirstion Period in eclual monthly instalments. ~ - each in the amount of the Instalment Payment, the firat su Iment Payment to be made on the First Instalment Payment Date and subsequent Inatalment Payments on the ~Y o[ each month thereafter unW t6e Maturity Date ~ virhereupon the entire unpaid balance of principal and interest accsued aad unpaid thereon shall beeome due and pay- able; each such instalment when paid ahall be applied Gist to the payment of inter~t on the unpaid b~alanoe at the In- tereat Rate and the remainder Weteof to payment on account ot principal. If any Instalment Payment shall not be paid when due, then the entire pnnciPal sum and aocrued interest here- under shall become due and payable at once or thereafter. at the option ot the holder of thia Note. The Payee may, at ita option. rnllect a late charge not to eiceed two oenfa for each one dollar of ench Instalment Payment not paid when due to reimburee the Payee for e:penaea of eervicin8 delin9uent Inatatment Payments. Failure to e:ercise these options ahall not conatitute a waiver of the right to ezerciae the eame in the event of any aubeequent default It is further agreed that the Maker and each endotser, surety. Buerantor. jointly and severally. sha11 PnY all costa of rnllection of this Note, including a reasonable attorney a fee, on failure to pay any Inatelment Payment or any acerued interest due hereunder on the due date thereof. This Note and all suma due hereunder nhall bear iuterest at the higheat Iawful rate of intereat per annum in the 3tate of Florida from the date when the principal and accrued interest under this Note shall be due and payable. The total intetest payable hereunder ahall not in any one year e:ceed the higheat lawful rate of intereat in tLe State of Florida. This Note is aecured by a Mortgage, dated t1~e date hereof, of property situated in tbe 3tate of Florida. ' The Malcer agrees th~t it shall be bound by any aBreement e:tending the time or modifyinB the above terma of ~ payment, made by the Payee and the ownes or ownera of the pmperty a[fected by said Mortgage, whether with or with- ~ out notice to the Maker, and the Maker shall rnntinue liable to pay the amount due bereunder, but with intereet at a ~ rate no greater than the Intereat Rate, ac~cordinR to the terms of any such agreement of e:tenaion or modif~uation. ~ ~ The unpaid balance of the Principal Amount, plus accn~ed interest shall become due and payable at the option ot the Payee under the heppening of an e~vent by which aaid balance ahall or may become due and payable under the tetma of said Mortgage. Thia 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. modi~cation or discharBe is aouBht- All parties to this Note, whether Maker; principal, surety. guarantor or endorser. hereby waive pre~entment Eor payment, demand, pmtest, notice oE pmtest, and notice of diahonor, and e~resely agree jointly and aeverally to temain and continue bound for the payment of t6e principal and intereat pmvided tor by the terma of Wia Note, notwithstanding any e:tenaion or e:tenaiona of the time of, or for the payment ot said principal or interest, or any change or changes in the amount or amounta agreed to be paid under or by virtue ot the obligation to pay pmvided for in this Note, or any change or changea by way of retease or surrender or aubstitution of any real property and collateral, or either. held as aecurity for this Note, and v?aive all and every kind of notice of such e:tenaion or e:tensions, change or changes, and agree that the same may be made without the joinder of the Maker. ~ ~Ldrrss: 135 ~lsa Couzt ~ !ort Pi~rc~, tlorida 33450 ' M, /s/ Marjorie D. Shotto - ~i~96 ra~r a~~ - rwFrrr. et ae.us n?~~'~~~~`~' ~y~ * ~ ~l y ~ - - 7 - =~.~u ~ ~ ~ "~~a'~~~'"`~?v _ . : - ~a