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Home My WebLink About1497 ~?ERMAN[N~~ MORTGAGE NOTE } ; ~ Principal Amount: $(O~ 000. U~ Date ot Note: Aprtl 4~ 1975 Macurity Dace: r~A yQa rs ~ I { Interest Rate: 9~ ' Amortization Period: Fmm the day hereof to the Maturity Date. Inatalment Payment: s j Z6. 6g F~ist Inatalment Payment Date: Juq~,?' L~r 1975 FOR VALUE RECEIVED, the undersigned and if more than one. jointly and severally (the Aiaker), dces hereby co~enant and promise to pay to the order of Sun Bank of S~ 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 Payee may designate ~ to the Maker in w~riting fmm 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 Amount The suma due and owinR hereunder ahall be payable during the Amortization Period in equal monthly inafaiments, each in the amount ot the Instalment Payment, the first such Inatalment Payment to be made on the Firat Instalment Payment Date and aubsequent Instalment Payments on the first day o[ each month thereatter until the Maturity Date whereupon Lhe entire unpaid balance of principal and intereat accrued and unpaid thereon ahall become due and pay- able; each such instalment when paid shall be applied titst to the payment of interest on We unpaid balance at the In- terest Rate and the remainder thereot to payment on account of principal. 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 oE 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 exemise these optiona shall not constitute a waiver of the right to e:ercise the same in the event of any su6sequent default. ~ It is turther agr~ecd that the Maker and each endorscr, surety, guarantor, jointly and eeverally, shall pay all coats ot 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 ahall bear interest at the highest lawful rate of interest per annum in the State of Florida fcc:n the date when the principal and accrued interest under ' this Note shall be due and payable. The total interest payable hereunder shall not in at~y one year exceed the highest ~ lawful rate of interest in the State of Florida. 1 t ~ 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 extending the time or modifying the above terms of ~ ~ payment, made by the 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 continue liable to pay the amount due hereunder. but with interest at a ~ rate no greater ihan the Intereat Rate, acrording to the terms of any such agreement of extension or modification. ; ~ ~ 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 ahall or may bec~ome due and payable under the terms ? ~ of said Mottgage. ~ ~ 9 This Note may not be changed otaily, but only by an agreement in writing, signed by the party against whom en- ~ forcement of any waiver, change, modification or discharge ia sought. ~ All parties to this Note, whether Maker, principal, surety, guarantor or endoraer, hereby waive presentment for ~ payment, demand, protest, notice of protest, and notice of dishonor, and ezpressly agtee jointly and severally to remain and continue bound tor the payment of the principal and interest provided tor by the terme of this Note, notwithstanding ~ any extension or extensions of the time of, or tor 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 of the obligation to pay provided for in this Note, or any ~ change or changes by way ot release or surrender or substitution of any real property and collateral, or either, held as security tor this Note, and w•aive all and every kind of notice of such e:tension or eztensions, change or changes, and ~ agree that the same may be made without the joinder o( the Maker. ~ ~ ~ ~ / s / Ollie S. Buchanon ~ ~ ~ / s / Vivian Buchanon - ~ ~ BOOK ~.s.70 PACE 14~V fLYiV 9!J - PRIITIIM: Dl SEAFI t~ <s . ~ ^ ~r' ~y x <;.rw,.~"~a . ia:~ ' r . x.r~ ~•..-r,;, y~~ :~~~~r.~ ~ ~~~~s ,r 'f»`~'a~~~° 5 _