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Home My WebLink About1654 i?[RM~N[Nh t , MORTGAGE NOTE ~ i ~.,r;~~ ~?.,,.,,,~t- S2Z, 500.00 n8c~ ot rtoc~: Kay 14, 1975 ~ 1Nacuricy nece: ZVelv+s Years I ~ Interest ltate: 9~ { ! Aawrtisation Period: F~om the day hereot to the Maturity Date. Instalment PaymeAt: 5256.0$ ~p ~ Firat Instalment Payment Date: Jtlly li 1975 ' FOR VALUE RECEIVED~ the undersigned and if more than one. jointly and severally (the Maker). dcea hereby } covenant and promise to pay to the order of Sun Bank of St Lucie County or to its successors or assigns (collectively the ~ Payee). st ita principal office at 111 Orange Ave.. Fort Pierce. Fla. or at such other place as the Payee may designate = to the 3daker in writing fmm time to time. in legal tender of the United States. the Principal Amount together with ~ intereat at the Intereat Rste on the unpaid balance of the Principal Amoun~ ` " y 1'he auma due aad owing hereunder ahall be payable during the Amortiaation Period in equal monthly inafalmei?ts, ~ each in the amount of the Instalment Payment, t6e (irst such Inatalment Payment to be made on the First Instalment i Payment Date and eubeequent Inataiment Payments on the tizst day of each mont6 thereafter until tl~e Maturity Date ~ whereupon the entire unpaid balance of pri~cipal and inte~eat accrued and unpaid thereon ehall become due and pay- } able; each such instaiment when paid shall be applied Crat to We payment of intereat 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 tbe entire principal aum and accrued interest here- ~ - under shall become due and payable at onee or thereafter, at the option of the holder of thia Note. The Payee may. at ' its optioa, rnllect a late charge not to e:c~ed two cents for each one dollar of each Instalment Payment not paid when ~ due to reimburse the Payee for ezpenses of servicing delinquent Inatalment Paymenta. Failure to e:erciee these options i shall not constitute a waiver of the right to e:ercise the same in the cwent of any subeequent defauit ~ It ia further agreed that the Maker and each endoraer, ~urety. guarantor. joinUy and eeverally. ahall pay all coeta of ~ collection of t6is Note. including a reasonable attorney's fee, on failure to pay any Inataiment Payment or any accrued interest due hereunder on the due date thereof. This Note and all auma due hereunder ahall bear interest at the bighest lawful rate of interest per annum in the 3tate of Florida ftom the date when the principal and acrrued interest under this Note shall be due and payable. The total intereat payable hereunder ahall not in any one year eaceed the highest lawful rate of intereat in the 3tate of Florida. This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. I 'Ibe Maker agreea that it shall be bound by any agreement e:tending the time or modifying the above tera~s of a payment, made by the Payee and the owner or owners 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. iwt wiW intereat at a rate no greater than the Interest Rate, acrording to the ternns of any such agreemeat of eztension or modification j ~ The unpaid balance of the Principal Amount, plus accrued interest shall become due and payable at the option ot ~ the Payee under tbe happening of an event by which said balance ahall or may become due and payable under the terma E ~ of said Mortgage. ~ ~ This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- ~ ~ forcement of any waiver, change, modification ez dixharge ia eoug6t ~ ~ ~ ~ All partiea to this Note. whether Maker, principa~, surety. guarantor or endorser, hereby waive presentment for = payment, demand, protest, notice of protest, and natice of dishonor. and ezpresaly agree jointly and aeverally to remain ~ and continue bound for the payment o( the principal and interest provided for by the terma o[ thia Note. notwithstanding ~ ~ any eztension or extensions of the time of, or tor the pa,yment of said principal or interest, or any c6ange or changea in x the amount or amounta agreed to be paid under or by virtue ot the obligation to pay provided tor in this Note, or any 3 change or changes by way of release or surrender or aubstitution of any real property and collateral, or either, heid as ~ . security tor thia Note, and waive all and every kind of notice o( such e:tension or e:tensions, change or changes, and ~ agree that t6e same may be made without the joinder of the Maker. ~?,ddresa s 2801 ~vs~aue F ~ Fort Pierce, Florida 33450 i 3 ~ ~ ~ /s/ Cad W. Brown ~ ~ ~ ~ • ~ /s/ Louise B. Brown ~ ~ ~ ~ OR ~ ~ BODK ~~ch7 PACf ss~9 ~ ~ x,ar a:~ - v~urztx sr a.w - , - - ll~~„~. = f * - - ~ ~ ~~0. `-z'I.3~3°~'~3c~ ~ ~ . _ . t n, s..s