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Home My WebLink About0371 1?ERMAMEHT/ MORTGAGE NOTE ~ i Prinripal Amount: $ 8 i 000. 00 Date of Note: ~~~~Y 3~ 1975 Maturity Date: f?0 t~~11i i Intere~t Rate: 9~1 ; f Amortization Petiod: From the day hereot to the Maturity Date. i ; Inatalment Payment: SZGH.OZ 3 ~ - ~ Firat Inatalment Payment Date: MQtCb Zg i Zg7s ~ i ~ 4 ~ FOR VALL'E RECEIVED~ the underaigned and if more than one, jointly and severally (the Diaker). dces hereb~ ~ co~enant and promise to pay to the order of Sun Bank of St. Lucie Connty or to its successora or assigns (collecti~~ely the ~ Payee), at its principal of~ce at 111 Orange Ave.. Fort Pierce. Fta. or at such other place us the Payee may designate to the Ddaker in w-riting from time to time. in legal tender of the United States. the Principal Amount together K1LI1 ~ interest at the Interest Rate on the unpaid balance of the Principal Amounk d t The sums due and owin~ hereunder ahall be payable during the Amortization Period in equa! monthly instalments. ~ each in the amount of the Instalment Payment. the first such Instalment Payment to be made on the First Inatalment ~ Payment Date and subeequent Inatalment Payments on the ~~sy o[ each month thereatter until the Maturity Date whereupon the entire unpaid balance o[ principal and interest accrued and unpaid thereon ahall become due and pay- ~ able; each such inatalment when paid s6a11 be applied first to the payment of interest on t6e 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 acrrued interest here- ~ under shall become due and payable at once or thereafter, at the option of the holder of this Note. The Payee may, at ~ its option, collect a late charge not to ezceed two cenfs tor 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 ezercise these options s shall not constitute a waiver of the right to e:emise the same in the event of any subaequent detault. ~ s i It is further agreed that the Maker and each endorser, surety, guarantor, jointly and eeverally, shall pay all costs of collection of this Note, including a reasonable attorney's fee, on failure to pay any Instalment Payment or any acerued ~ interest due hereunder on the due date thereof. Thia Note and all sums due hereunder shall bear interest at the highest ~ lawfut rate of interest per annum in the State of Florida irom the date when the principal and accrued interest under this Note shall be due and payable. The total intereat payable hereunder shall not in any one year ezceed 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. ' ~ ~ 8 The Maker agrees that it shall be bound by any agreement extending the time or modifying the above terms of $ ` payment, made by the Payee and the owner or owneis of the property affected by said Mortgage, whether with or with- ~ ; , out notice to the Maker, and the Maker shall coritinue liable to pay the amount due hereunder, but with interest at a # ~ rate no greater than the Interest Rate, aecordinR to the terms of any such agreement of extension or modification. ~ ~ ~ ; The unpaid balance of the Principal Amount, plus accrued interest shalt become due and payable at the option oi ~ ~ the Payee under the happening of an event by which said balance shall ot may become due and payable under the terms ~ of said Mortgage_ ~ ; ~ : This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- ~ torcement of any waiver, change, modification or discharge is sought. ~ ~ F ~ All parties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive prnsentment for ~ payment, demand, protest, notice of protest, and notice of dishonor, and e:presaly agree jointly and severally to remain ~ and continue bound for the payment o( the principal and interest provided [or by ihe tern~s oi this Note, notwithstanding any extension or extensions of the time of, or for the payment o( said principal or interest, or any change or changes in ~ the amoant or amounta agreed to be paid under or by virtue of the obligation to pay provided tor in thia Note, or any ~ change or changes by way oi release or surrender or substitution of ariy real pmperty and collateral, or either, held as ~ security tor this Note, and v?aive all and every kind of notice of such e:tension or e:tensions, change or changes, and ' ~ ~ ~ agree that the same may be made without the joinder o[ the Maker. ~ ~ ~ ~ Addreaa: 2110 Avanu~ G j Fort Piezce, Plorida 33450 - ~ ~ ~ /s/ Cad W. Brown ; ~ ' ~ ~ ~ /s/ Louise B. Brown - c> a{ j j ~ ~ t ~ ~ ~ e`= ~ ~ fuw ~zs - Frus:;r, er ar,va BO~J~ 2~ QA~ 371 ~ ~ ~ ~ ~ ~ . . _ _ . _ , . ~ _ _ W