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Home My WebLink About2724 ~~ENYANENTI MORTGAGE NOTE ~ i ~ Principal Amount: $T i OOO.OO Date ot Note: J3llua=y 27 • 19TS ~ Maturity Date: 1S Yeara ~ Internat Rate: 9~je ~ ~ Am~rtizatian Periai: Fram Lhe dsy heseof !o tlie Maturity L?ate. ~ Instalment Payment: s'~ 3. ZO F~rat Instalment Payment Date: H~tZCh 15, I975 ~ FOIt VALUE RECEIVED. the undersigned and if more than one. jointly and severally (the ~iaker). does hereby covenunt and pmmise to pay to the order of Sun Bank of 3k Lucie County or to its suecessors or assigns (collectively the Payee). at its principal office at 111 Orange Ave.~ Fort Pierce. Fla. or at such other place us the Pa~ee may designate to ihe biaker in w-riting irom time to time. in legal tender of the United States. the Principal Amount together w~in interest at the Interest Rate on the unpaid balance of the Principal Amoun~ The sums due and owing heteunder ahall be payable during the Amortization Period in equal monthly instalmenta, eac6 in the amount ot the Instalment Payment. the tirst such Inatalment Payment to be made on the First Instalment Payment Date and su6sequent Instalment Payments on the ~~ay of each month thereatte~ until the Maturity Date whereupon the entire unpaid balance of principal and interest acerued and unpaid thereon shall become due and pay- • able; each such instalment when psid shall be applied first to the payment of interest on the unpaid balance at the In- terest Rate and the remainder t6ereof to payment on account ot principal. If any Instalment Payment shall not be paid when due. then the entire principal snm and accrued interest here- under shall become due and payable at once or thereatter. at the option of the holder ot this Note. The Payee may, at iL4 option, collect a late charge not to e:cee~i two cents for each one dollar of each Instalment Payment not paid when due to reimburse the Payee for e:penses of servicing delinquent Instalment Payments_ Failure to exercise these options - shall not constitute a waiver of the right to e:emise the same in the event of any subeequent default. It is further agreed that the Maker and each endorser, surety, guarantor. jointly and severally, shatl pay all coats of collection of this Note, including a reasonable attorney's fee, on failure to pay any Instalment Payment or any aocrued interest due hereunder on the due date thereof. This Note and all sums due hereunder shall bear intetest at the higheat lawful rate of interest per annum in the State of Florida trom the date when the principal and accrued interest under this Note ahall be due and payable. The total' interest payable hereunder shall not in any one year exceed the highest lawful rate of interest in the State of Florida_ This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. ; The Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above terms of ~ payment, made by the Payee and the owner or owners of the property affected by said Mortgage, whether with or with- i i out notice to the Maker, and the Maker shall continue liable to pay the amount due hereunder, but with interest at a ~ ~ rate no greater than We Interest Rate, according to the terms of any such agreement of e:tension or modification. Q ~ The unpaid balance of the Principal Amount, plus accrued interest shall become due and payable at the option of ~ the Payee under the happening of an event by which said balance shall or may become due and payable under the terms ~ of said Mortgage. s k ~ This Note may not be changed orally, but only by an agreement in writing, signed by the patty against whom en- > forcement of any waiver, change, modiiication or discharge is sought_ 3 ~ All parties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment for ? payment, demand, protest, notice of protest, and notice of dishonor, and e:pressly agtee jointly and severally to remain ~ ~ and continue bound [or the payment of the principal and interest provided for 6y the terms o[ this Note, notwithstanding : any extension or e:tensions of the time of, or for the payment ot said principal or interest, or any change or changes in ~ ~ the amount or amounts agreed to be paid under or by virtue ot the obligation to pay provided for in this Note, or any ~ ~ change or changes by way of release or surrender or substitution of any real property and collateral, or either, held as ~ security for this Note, and Waive all and every kind ot notice ot such e:tension or extensions, change or changes, and agree that the same may be made without the joinder of the Maker. ~ i' ~ /s/ Frank Kinkel ~ r - ~ ~ r` ~ /s/ Irene Kinkel ~ ~ ~ ~ ~ ~ BOOK ~~c7J PAGf ~ I~ ~ ~ ~ fY.AI D2J - PRITIIX, DT 6E.W L: ~~i ~ . " " ~ ~i.. _ . . . . . _ ".s