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Home My WebLink About1803 ~PERMANCMII MORTGAGE NOTE ~ 3 ~ Principal Amount: f 7 i OOO. 00 Date of Notc: ~y 16 ~ 1975 ` r Macuri~y Da~: One Ysar i Interest Rate: 91~; Amortization Period: From the day hereof to the Maturity Date. ~ t Inatalment Payment: Firat Instalment Payment Date: $7 , 000. 00 plus interest due May 16, 1976 ~ ~ 1 FOR VALUE RECEIVED. the undersigned and if more than one. jointly and sevetally (the Maker). dces hereby co~enant and promise to pay to the order of Sun Bank of S~ Lucie County or to its successors or assigna (coltectively the Payee). at its principa! ofrce at 111 Orange Ave.. Fort Pieree, Fla. or at such other place as the Payee may designate ; to the Maker in Nriting irom time to time, in legal tender of the United States. the Principal Amount together wzth s interest at the Interest Rate on the unpaid balance of the Principal Amount The suma due and owinR hereunder shall be payable during the Amortization Period in equal monthly instalments. ~ each in the amount ot the Instalment Payment. the tirst such Inetalment Payment to be made on the First Instalment Payment Date and aub~equent Inatalment Payments on the firet day ot each month thereatter until t6e Maturity Date ~ whereupon the entire unpaid balance of principal and inteteat accrued and unpaid thereon shaU become due and pay- ~ able; each such instalment when paid ahall be applied fiiat to the payment of interest on the unpaid balance at the In- ~ terest Rate and the remainder thereot to payment on account of principal. i If any Instalment Payment shall not be paid when due, then the entire principal sum and accrued interest here- i under shall become due and payable at once or thereafter. at the option of the holder of this Note. 1'he Payee may, at ? its option, rnllect 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:pensea of servicing delinquent Instalment Payments. Failure to e:ercise these options shall not constitute a waiver of the right to e:ercise the same in the event of any suheec~uent default. It is further agreed that the Maker and each endorser. surety, guarantor, jointly and eeverally. shall pay all costs of rnllection of this Note, including a reasonable attorney's fee, on failure to pay any Instalment Payment or any s?ccrued interest due hereunder on the due date thereof. This Note and all sums due hereunder ahaU bear interest at the highest ; lawful rate of interest per annum in the State of Florida from the date when the principal and accrued interest under - 3 this Note ahall be due and payable. The total interest payable hereunder shaU not in any one year exceed the highest ~ y lawful rate of interest in the State of Florida_ i i This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. ; , a 1'he Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above terms of payment, made by the Payee and the owner or ovmers of the property affected by said Mottgage. whether with or with- ~ out notice to the Maker, and the Maker shali continue liable to pay the amaunt due hereunder. but with intereat at a ~ rz~te no greater than the Interest Rate, accordinR to the terms of any such agreement of e:tenaion or modification. _ ~ The unpaid balance of the Principal Amount, plus accrued interest shall beeome due and payable at the option of ~ the Pa ee under the ha g y y payable under the tern~s ; y ppenin of an event b which said balance ahall or ma beoome due and ~ of said Mortgage. - - ~ This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- ~ fomement of any waiver, change, modircation or discharge ia 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 of dishonor, and e:pressly agree jointly~ and eeverally to remain ~ and continue bound for the payment of the principal and interest pmvided for by the terms of this Note. notwithstanding ~ any eztension or extensions of the time of, or tor the payment of said principal or interest, or any ehange or change~ in ~ the amount or amounts agreed to be paid under or by ~irtue of the obligation to pay provided for in this Note, or any change or changes by way o( release or surrender or substitution of any rea) property and collateral, ~tor either, held as ~ security for this Note, and w-aive all and every kind of notice ot such e:tension or e:teresions, change rpr changes, and ~ ~ agree that the same may be made without the joinder of the Maker. ~ Addrees: 608 Aaalea Av+enue ~ ~ ~ Fort Pi~sce, Ploric3a 33450 ~ i P lip Pearl ~ ? alanche v. ~ ~ Pearl ~ ~ ~ Gary L. Pearl ~ ~ z. ~ Barbara G. Pearl = ~ } ~ - ~ # e~oK 2~39- P~E1798 ~ miv sz~ - Px:rrtx er ~ ~ ~ ~ ` ; ~ ~ ~ _