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Home My WebLink About1358 . } I i ' ~?tRYANENTI S ti 5 i ~ MORTGAGE NOTE ~ : _princi~a~ pmo~nt; $18 i 000.00 Date of Note: DeCe~beL^ 6~ 1974 ? i Macu~ty n~e~: Fifteen Years Interest Rate: 9~= . - Amortirstion Period: ~om the day hereof to the Meturity Date. Instalment Payment: ~157. 97 _ ~ Se tember l, 1975 ~ Firat Inatalment Payment Date: p . FOA VALUE AECEIVED, the underaigned and if more than one. jointly and secerally (the ~iaker). doea hereby covenant and pmmise to PaY to ti?e order of Sun Bank of St Lucie County or to its euceesaors or assigns (collecti~~ely the Payee). at ifs principal office at 111 Orange Ave.~ Fort Pierce. Fla or at such other place as the Payee may designate to the Maker in w~riting fmm time to time, in legal tender of the United States. the Principal Amount together vrith intereat at the Interest Rate on the unpaid balance oi the Principa! Amount. The sums due and owinlt ~~~der shall be payaWe during the Amortization Period in equal monthlY instalmenta, { eac6 in the amount of the Inatalment Payment. the tirst auch Instalment' Payment to be made on the Firat Inatalment Paytnent Date and sub~equent Inatalment Payments on the fitst day of each month therea[ter until We Maturity Date whereupon the entire unpaid balance of principal and inteteat accrued and unpaid thereon ehall become due and pay- able; ~ch such instalment when paid ahall be applied firat to tbe payment oE interest on the unpaid balance at the In- terest Rate and the remainder thereof to payment on account ot principal. If any Instalment Payment shall not be paid when due. then the entire PrinciPal sum and accrued interest here- under ahall become due and payable at once or thereafter. at We option of the holder of thia Note. The Payee may, at ita option, rnllect a late charge not to e:eeed two centa tor each one dollar of each Inatalment Payment not paid when due to reimburse the Payee for eipenses of aervicin8 delin9uent Inatalment Paymenta. Failure to e:ercise these optiona ahall not rnnstitutE a waiver of the right to ezercise the same in the erent ot any subsequent default ~ } It is further agreed that the Maker and each endorser. surety, Buarantor. joinUy and eeverally, s6all pay all costs of ~ rnllection o[ thia Note. including a reasonable attorney'a fee, on failure to pay aqy Instalment Payment or any socrued interest due hereunder on the due date thereof. T6ia Note and all sums due hereunder shall bear interest at the higheat ~ lawful rate of interest per annum in the State of Florida trom the date w1~en the princiPal end accrued interest under this Note shall be due add payable. The total interest payable hereunder shall not in any o~ year ezceed the higbest lawful rate of interest in the State of Florida. . sr Thia Note is secured by a Mortgage. dated tbe date hereof. of property situated in the 3tate of Florida. i ' - i The Maker agrees that it shail be bound by any agreement e:tending the time or modifying tbe above ternaa of ~ payment, made by the Payee and the owner or ownecs of the pmperty affected by aaid Mortgage, whether with or with- out notice to the Maker, and the Maker ahall continue liable to pay the amount due bereunder. but with iniereat at a rate no greater than the Interest Rate, aecording to the terms oE any sueh agreement of extenaion or modification_ 'l~e unpaid balance of the Principal Amount, plus accrued interest shall become due and payable at tl~e option of the Payee under the bappening of an event by which said balance shall or may bec~ome doe and payable under tbe ternns of said Mortgage_ - This Note may not be changed orally. but only by an agreement in writing, siBned by t6e party against whom en- forcement of any waiver, change, modifi~cation or discharSe is eoughL All parties to this Note, whether Maker. principal, surety. guarantor or ei?doraer, hereby waive presentment for payment, demand, protest, notice of pmtest, and notice of diahonor, and ezpressly agree jointly and aeverally to remain and continue bound for the payment of t6e principal and interest pmvided for by the terms of thia Note, notwithatanding any e:tenaion or extenaions of the time of, or [or the paymen! ot said principal or interest, or any change or changea in the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided tor in t6ia Note, or any change or changes by way of release or surrender or aubetitution of any real pmperty and collateral. or either. held as security tor this Note, and v?sive all and every kind of notice ot such e:tension- or e:tensions. change or changes, and agree that the same may be made without the joinder of t6e Maker. ~ ~ ~ CY ~ . ~ ~ s a~ ~4 P~cf ~3~ raw us - r~rr, fre sr ia~tAr ~s ` - : .~.v.' . _ ~F~dk ~~'S-.~°~