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Home My WebLink About2103 ~vEw~ ~neN~~ MORTGAGE NOTE Principal Amount: 515~00~•~~ Date ot Note: 1~itC~1 Z~~ ],975 Maturity Date: '~~n Y~~~ • Interest Rate_ Amortization Period: From the day hereof to the Maturity Date. Instalment Payment: SZ9O•02 First Instaiment Payment Date: ~ril lE ? 1975 FOB VALUE RECEIVED. the undersigned and if more than one. jointly and severally (the ~iaker). dcea hereby co~•enunt and pmmise to pay to the order of Sun Bank of St. Lucie County or to its successors or assigns (collectively the Yayee). at its principal office at 111 Orange Ave., Fort Pierce. Fla. or at such other place s~s the Payee may designate • .L_ c•._.__ ~L_ u_:..~:....1 A..~.......? ?......~1..... ...:H. [O LIt¢ ylARCi itl NZ'l~1Rg i['om iime iu u~ilr~ ill ~rgaa ~~waa va u.e vi...,caa .~.o.co, ...,....~w . ...e........ interest at the Interest Rate on the unpaid balance of the Principal Amount~ ~ 7 j The sums due and owinR hereunder shall be payable during the Amortization Period in equal monthly inatalmenta. ~ each in the amount of the Instalment Payment, the first such Instalment Payment to be made on the Fiist Instalment Puyment Date and subaequent Tnstalmen~PBycments on the~r~y of each month thereatter until the Maturity Date ± whereupon the entire unpaid balance-of principal and interest acctued and unpaid thereon shall become due and pay- ~ able: each such instalment when paid shall be applied titnt to the psyment o[ interest on the unpaid balance at the In- ; terest Rate and the remainder thereof to payment on account ot principal. i If any Instalment 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 of the holder of this Note. The Payee may, at its option, collect a late charge not to e:ceed 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 e:ercise these optiona shall not constitute a waiver of the right to exercise the same in the event ot any subsequent default. It is furiher agreed that the Maker and each endorser, surety, guarantor, jointly and severally, ahall pay all coets ot ; coliection 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 shall bear interest at the highest lawful rate of interest per annum in the State of F7orida from the date when the principal and accrued interest under ~ this Note shall be due and payable. The total interest payable hereunder sha11 not in any one year exceed the highest ~ lawful rate of interest in the State of Florida. ; ~ I This Note is secured by a 1ltortgage, dated the date hereof, of properiy situated in the State of Florida. ~ ; a i ' 3 F The Maker agrees that it shall be bound by any agreement extending the time or modifying the above terms of ~ j payment, made bv the Payee and the owner or owners of the property atfected 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 with interest at a ~ rate no greater than the Interest Rate, according to the terms of any such agreement of eztension or modification. 3 ~ The unpaid balance of the Principal Amount, plus accrued interest shaU become due and payable at the option of , = the Payee under the happening of an event by which said balance ahall or may become due and payable under the terms y of said Mortgage. ~ - , ~ This Note may not be changed orally, but oniy by an agreement in writing, signed by the party againat whom en- ; ~ fomement of any waiver, change, modification or discharge is sought. ; ~ All parties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment tor ~ ~ payment, demand, protest, notice of protest, and notice of dishonor, and e:pressly agree jointly and severally to remain ~ ~ and continue bound for the payment o[ the principal and intereat provided for by the terma oi thia Note, notwithatanding ; ~ any eztension or extensions of the time ot, 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 obligation to pay provided for in this Note, or any : change or changes by way of rnlease or surrender or substitution of any real property and collateral, or either, held as F ~ security tor this Note, and waive all and every kind of notice oi anch extension or e:tensions, change or changes, and ~ 1 k agree that the same may be made without the joinder of the Maker. ~ ~ ~ ~ /s/ Joseph M. Chesser ~ ~:i ~ ~G~/_ thrvn ~ C`hpsGer , : ~ BOOKGJ~ PAGE2101 s - F'iAI 9?3 - FP'liilG B7 SEAPJf ~ ~ ~ ~ _ . . 4. `E. . - _ ~ - ~~a.l:„" " . . ~L . . . ~ ..w~_~