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Home My WebLink About0646 1~[qYAN[Nrl MORTGAGE NOTE ~ ~~~t: 10, 000.00 n8~ ot tvoc~: January 17, 1975 MB~~rity n~c~: 15 years Interest Rate: 9~$ Amortization Period: From the daY hereof to the Mawrity Date. ~ - 104.43 ~ L~talment Payment: March l, 1975 i Fiist Insfalment Payinent Date: ~ FOR VALUE RECEIVED. the undersigned and if more than one. jointly and severally (the 1liaker), dcea hereby ! covenant and pmmise to pay to the order of Sun Bank of Sk Lucie County or to its successors or assigns (collectively the Payee)~ at its principal of~ce at 111 Orange Ave.. Fort Pierce. Fla. or at such other place as the Pa~ee may designate to the Maker in vrrittng from time to time, in legal tender of the United States, the Principal Amount together with interest at the Interest Rate on the unpaid balance of the Principal Amoun~ 'The gums due and owing hereunder shall be payable during the Amortization Period in equal monthly instslmenta, ~ each in the amount ot the Inatalment Payment. the tirat such Instalment Payment to be made on the Fiist Inatalment ~ Payment Date aad aubeequent Instalment Payments on the tirat day of each month thereafter until the Maturity Date whereupon the entire unpaid balance ot principal and interest accrued and unpaid thereon shall become due and pay- able; each such instalment when paid shall be applied ~ist to the payment of interest on the unpaid balance at the In- tereat Rate and the remainder thereo[ to payment on account of principal. If any Inatalment Payment shall not be paid when due, then the entire principal sum and accrued interest here- under shall become due and payable at once or thereafter. at the option ot the holder of this Note. The Payee may. at its option, collect a late charge not to e:cePd two cents tor each one dollar of each Inatalment Payment not paid when due to rnunburae the Payee for e:penses of servicing delinquent Instalment Payments. Failure to e:erciae these optiona shall not conatitute a waiver of the right to e:erciee the same in the event of any subaequent detault. It is further agreed that the Maker and each endorser. surety, guarantor. jointly and aeverally, aha11 paY ail costs o[ f collection of this Note, including a reasonable attorney's fee, on failure to pay any Instalment Payment or any accrued interest due hereunder on the due date thereof. This Note and all sums due hereunder shali bear interest at the highest . lawful rate of interest per annum in the 3tate of Florida from the date when the principal and acrnied interest under this Note shall be due and payable. T}~e total interest payable hereunder ahall not in any one year e:ceed the high~t lawful rate of interest in the State of Florida. I This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida_ i i f The Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above terms of ~ payment, made by ihe Payee and the owner or ovmers of the property affected by said Mortgage. whether with or with- out notice to the Maker, and the Maker shall cbntinue liable to pay the amount due hereunder. but with interest at a ~ rate no greater than the Interest Rate, according to the terms of any such agreement of extension or modification_ ~ ~ The unpaid balance of the Principal Amount, plus accrued interest shall be~.~ome due and payable at the option of the Payee iinder the happening of an event by which said balance ahall or may become due and payable under the terms ~ of said Mortgage_ ~ This Note may not be changed orally, but only by an agr¢ement in writing, signed by the party against whom en- ~ forcement of any waiver, change, modification or discharge is souBht. ~ pll patties to this Note, whether Maker, principal, aurnty. guarantor or endorser, hereby waive presentment for ~ payment, demand, protest. notice of pmtest, and notice of dishonor. and ezpressly agree jointly and severally to remain ~ and continue bound tor the payment of the principa) and interest provided [or by the terms of this Note, notwithstanding ~ any eztension or extensions of the time of, or for the payment of eaid principal or interest, or any change or changes in ~ the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided for in this Note, or any ~ change or changes by way oi release or surtender or su6stitution ot any real property and collateral, or either, held as security for this Note, and v?aive all and every kind o[ notice ot sach e:tension or eztensions, change or changea, and ~ agree that tbe same may be made without the joinder of the Maker. ~ ~ ? - 2706 Dean Drive ~ Fort Pierce, Florida 33450 , ~ ' .k. ~i~-Q-~ ~y~ ' ~ v ~ • ~ ~ . ~ %y7~~1 ~ v ~~~4'~ ~ - ~y ~ . ~ 800K~s7V PA6E ~ r~wr s:~ - rwnrrx er a.w . ~ _ ~ ~ ~ ,