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Home My WebLink About1904 ~?CRM~NENTI F . { • . 6 - i - MORTGAGE NOTE ~ j PrinciPal Amount: Date o[ Note: OCtOb~ ~,1974 $2,700.00 Mec°ri'y °°e~: ~ive Yaaz• , ~nterea~ Rate: 10! ~ ~ A~~ation period; l~`rom the day hereot to the Maturity Date. Instalment Payment: 557.37 ' Firat Instalment Payment Date: NQV~= S~ 1974 FOR VALUE RECEIVED. the underaigned and ii tnore than one. jointly and aeverally (tl~e Ddalcer). doea hereby ~ covenant-and promiae to PaY to u?e order oi Sun Bank oi S~ Lucie County or to its suecessora or assigns (colleciively the payee). at its principal office at 111 Orange Ave.. Fort Pier~e, Fla. or. at auch other place na the Payee may desienate to the ~daker in vvriting irnm time to time, in legal tender oi the United Statea. the Principal Amount together v?~th interest at the Interest R~te on the unpaid balance ot thE Principsl Amoun~. r The aums due and owinlt hereunder shall be payable durins the Amortisation Period in equal monthly instalmenta. each in the amount of the Instalment Payment, the first such Instalment Payment to be made on the Fiiat Instalment Payment Date and subeequent Instalment Payments oa tbe tiiet day of each month therea[ter unW the 111aturity Date , whereupon the entire unpaid balance o[ pri~cipal and intereat accrued and unPaid thereon shaU become due and pay- able; each such instalment when paid a6all be applied ~rst to the payment of intereat on the unpaid balance at t6e In- terest Rate and the remainder t6ereot to payment on account of principal. - If any Inatalment Payment ahall not be paid when due. then the entire pnnciP~al sum and ~n~ed ~~~t ~inder aha1~ be~,,~me due and payable at onee or thereatter, at the option of the holder of this Note. The PaYee maY. at its option. collect a late charge not to e:oeed two centa for each one dollar of each Inatalment Payment not paid when dne to reimburse the Payee tor e:penses oE aervicinB delin9uent Instalment Payments. Failure to e:ercise theae options ahall not rnnatitute a waiver of the right to e:errise the same in the event of any subee9uent detault. It ia turther agreed that the Maker and each endoreer. surety. guarantor. joinNy and eeverallY. shall PaY all costa of rnllection of thia Note, inciuding a reseonable attorney a fee. on failure to pay any Inatalment Payment or any accrued interest due hereunder on the due date thereof. This Note and all eums due bereunder ahall bear intereat at the higheat lawEul rate of interest per annum in the State of Florida from the date when the principal and accrued intereat under thia Note shall be due and payable. The total interest payable hereunder shall not in any one year exceed the highest Iawful rate of interest in the State of Florida. This Note is eecured by a Mortgage, dated the date hereof. of property aituated in the State of Ftorida. I~ ~ The Maker agrees that it shall be bound by any agreement e:tending the time or moditYinB the abo'ti'e terma of payment. made by the Payee and the owner or ownera of the property aUected by said Mortgage, whether with or with- out notice to the Maker. and the Maker shall continue liable_to pay the amount due hereunder. but wiW interest at a rate no greater than the Interest Rate, accordinK to the terms of any such agreement of e:tension or modification. The unpaid baiance of the Principal Amount. plus acrrued interest sha~l become dne and payable at the option of the Payee under the happenin8 of an eveat by which said balance ahaU or maY beeome due and payable under the tern~s of said Modgage. Thia Note may not be changed orally, but anly by an agree~nt in writing, signe~ by the partY aBainat whom en- forcement of any waiver. change, modification or discharge is aouBht p?l parties to thia Note, whether Maker, principal. snrety, gaarantor or endoraer. hereby waive presentment for i payment, demand, Protest. notice of protest, and notice of diahonor. and e:pressly agree jointly and severally to remain ! and continue bound tor the payment of the principal and intereat provided for by t6e terms of thib Note. notwithstandinB any e:tension or eztensiona of the time of, or for the payment of said principal or interest. or any change or changes in the amount or amounts agreed to be paid under or by virtue ot the obiigation to pay pmvided for in thia Note, or any change or changes by way oE releaee or surrender or substitution of any real propertY and collateral. or either, held as aecurity tor this Note, and v?aive all and every kind of notice ot auch e:tenaion or e:tenaions, change or changee, and agree that t6e same may be made ~+~ithout the joinder of t6e Maker. ~ ~k - ~ ~ ~ 1 ~dd=e9d s ~ev~rl~r ~T. Penn /a,~ . ~ R+oute 5, Haoc 753 Po~ct Pierce, Florida 33450 ;7r~ I„ Penn !s/ ~ - SOO~ Gt~G P~f ~ r~ su - tnt+ttr, s~ ir~wr s = , ; : _ _ - _ v ~ "~~","~~~'_`"g ' ; 4 ~ ~..~~6 ~ f ~ °f°~° . _.._s