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Home My WebLink About1047 0 ~PFAM~NEN~~ MORTGAGE NOTE PrinciPal Amount: $ 4~ 000. 00 Date or Noc~: May 9~ 2975 Mecuriey Dace: One Year Intere~! Rate: 9~ Amortization Period: From the day hereof to the Maturity Date. Inatalment Payment: $q ~ 040. 00 plua lfltetest du@ Pi~y 1976 Fl'rst Instalment Payment Date: S~,Op0.00 plus 3ntere~t due May g, 1976 FOR VALL'E RECEIVED. the undersigned and if more than one. jointly and severally (the Dlaker). dces hernby co~•enunt and pmmise to pay to the order of Sun Bank of S~ Lucie County or to its successors or assig~s (collectirely the Payee). at its principal office at 111 Orange A~e., Fort Pierce, Fla. or at such other place as the Payee may designate to the Ddaker in Nriting 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 Amounk The sums due and owinA hereunder shall be payable during t6e Amortization Period in equal monthly instatments, each in the amount of the Instalment Payment. the tirst auch Instalment Payment to be made on the First Instatment Payment Date and subsequent Instalment Payments on the (irst day ot each month thereafter until the Maturity Date whereupon the entire unpaid balance of pri~cipal and interest accrued and unpaid thereon ahall become due and pay- able; each such instalment when paid ahall be applied [irst to the payment of interest on the 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 bE~.•ome due and payable at once or thereafter. at the option of the holder of this Note. The Payee may, at ! ils option, collect a late charge not to e:ceed two cents for each ane dollar of each Instalment Payment not paid when due to reimburse the Payee for e:penges of serviring delinquent Instalment Payments. 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 severally, ahall pay all coats of collection of this Note, including a reasonable attorney's fee. on [ailure to pay any Instalment Payment or any accrued interest due hereunder on the due date thereof. This Note and alt sums due hereunder shall bear interest at the hig}~est lawful rate of interest per annum in the State of Florida from the date when the principal and accrued interest under this Note shall be due and payable. The total interest payable hereunder shal) not in any one year exceed the highest ~ Iawful rate of interest in the State of Florida. This Note is secured by a Mortgage, dated the dafe hereof, of property situated in the State of F7orida. ~ 3 The 1liaker agtees that it shall be bound by any agreement eztending the time or modifying the above temns of ' payment, made by the Payee and the owner or owners of the property affected by said Mortgage, whether with or with- t out notioe 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, accordinR to the terms of any such agreement of e:tension or modification ~ - j 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 shall or may become due and payable under the terms ~ of said Mortgage. ~ ~ ~ This Note may not be changed orally, but only by an agteement in w~riting, signed by the party against whom en- fomement of any waiver, change, modification or discharge is sought. i 3 o ~ All parties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment for ~ ~ payment, demand, protest, notice of protest, and notice of dishonor, and e:pressly agree jointly and severally to remain r G and continue bound tor the payment of the principa) and interest provided tor by the terms of this Note, notwithstanding ~ & any extension or eYtensions of the time of, 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 of the obligation to pay provided for in this Note, or any a chanqe or changes by way of release or surrender or substitution of any reai property and collateral, or either, held as 3 ~ security for this Note, and w•aiee al) and every kind of notice oi auch extension or e:tensions, change or changes, and ~ ; agree that the same may be made without the joinder of the Maker. _ ~ ~ ~ 2425 Okeechabee Road ~ ; Fort Pierce., Florida 3345~ ~ S ; /s/ Ralph L. Griner ~ fr ~ s: ~ /s/ Avanell M. Griner ~ j : ' ~ s a ~ } > d eo~~2~39 ~~~104~ ~ ~ ~ ~ /"~.fl/ it! - F.4:.r77.~: DT :.E,iflf ~ ~ ~ ~ ~ ~ ~ '~~-~~w- A._~ _ e _ _ . _ ~ _ . . . . ~