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Home My WebLink About2864 iOEMM~N[NTI MORTGAGE NOTE Principal Amount: S$3~ 000.00 Date of Note: MarCh 24 ~ 1975 Me~~~~ey Dac~: Ten Years . Interest Rate: $ 3~4= Amortization Period: From the day hereof to the Maturity Date. Inatalment Payment: $10,~~.222 Firat Instalment Payment Date: ~y 1~ 1975 t ~ FOR VALUE RECEIVED, the undersigned and if morn than one. jointly and severally (the ~faker), does hereby ~ co~enant and promise to pay to the order of Sun Bank of St. Lucie County or to its successors or assigns (cotlectively the ; Payee), at its principal of~ce at 111 Orange Ave.. Fort Pierce, Fla. or at such other place us the Payee may designate ~ to the blaker in K-riting from time to time, in legal tender of the United Stutes. the Principal Amount together v?ith i interest at the Interest Rate on the unpaid balance of the Principal Amoun~ ~ # The sums due and owinR hereunder shall be payable during Rhe Amort'sxation Period in equal monthly instalments, ; each in the amount ot the Inatalment Payment, the first such Instalment Payment to be made on the First Instalment f Payment Date and aubeequent Inatalment Paymenta on the tirst day ot each month iherea[ter until the Maturity Date ! whereupon the entice unpaid balance o[ principal and interest accrued and unpaid thereon shall become due and pay- ± able; each such instalment when paid shall be applied first to the payment o[ interest on the unpaid balance at the In- ~ terest Rate and the remainder thereof to payment on account ot principal. ` It any Instalment Payment shall not be paid when due, then the entite principal sum and accrued interest here- ~ under ahall become due and payable at once or thereatter, at the option of the holder of this Note. The Payee may, at ~ its option, cotlect a late charge not to e:cced two centa for each one dollar of each Instalment Payment not paid when j due to reimburse the Payee for expenges of servicing delinquent Instalment Paymenta Failure to exercise these options shall not constitute a waiver of the right to exercise the same in the event of any subsequent default. ? It is further agreed that the Maker and each endorser, surety, guarantor, jointly and aeverally, shall pay all coats oi collection of this Note, including a reasonable att~rney's fee, on [ailure to pay any Instalment Payment or any accraed 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 Fiorida irom the date when the principal and acerued interext under this Note shall be due and payable. The total interest payable hereunder shall not in any one year e:ceed the highest lawful rate of interest in the State of Florida. ~ : , k This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of F'lorida_ ` The Maker agrees that it shall be bound by any agreement extending the time or modifying the above terms of E payment, made by the Payee and the owner or owners of the property a[fected by said 1liortgage, whether with or with- out notice to the Maker, and the Maker shalt continue liable to pay the amount due hereunder, but with interest at a I rate no greater than the Intemst Rate, acrordinR to the terms of any such agreement of extension or modification. i ; The unpaid balance of the Principa! Amount, plus accrued interest shall become due and payable at the option ot ; the Payee under the happening of an event by which said balance shali or may become due and payable under the terms r of said Mortgage. ~ : ~ T}uu4 Note may not be changed oralTy, but oniy by an agreement in writing, signed by the party againsi whom en- > forcement of any waiver, change, modification or discharge is sought. ~ ~ All parties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment for ' payment, demand, protest, notice of protest, and notice o[ dishonor, and e:pressly agree jointly and severally to remain ~ and continue bound for the pa~nent of the principal and interest provided (or by t6e terms of this Note, notwithstanding ~ any extension or extensions of the time of, or for the payment of said principal or interest, or any change or changes in g the amount or amounts agreed to be paid under or by virtue o( the obligation to pay provided for in this'Note, or any ~ change or changes by way of release or surmnder or substitution of any real property and collateral, or either, held as ~ security for this Note, and waive all and every kind of notice of such eztension or exte:?sions, change or changes, and agree that the same may be made without the joinder of the Diaker. ~ %5 TURNER CHINE ~ SUPPLY CO. ~r.~--- ~ ' _ k~ .Y i w~ ~ 800K ~J~ PACE~BIi~ FGAt iSJ - FFu.I::R: P! iYFAN ~ ~ .~a'~ _ ' '?vs;~ ~ r v s~r_~?~i`~ . . w ~w . ~ ~ . . _ : _.....~a- . ~