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Home My WebLink About1849 ~?ENYAN[NTf MORTGAGE NOTE Principal Amount: $Ia ~ 00a. 00 Date ot Noc~: tiey 15, 1975 ~ Maturity Date: 1D Y~aI! i Interest Rate: 9~~ - Amortization Period: From the day hereof to the Maturity Date. Inatalment Payment: $129.40 First Inatalment Payment Dale: FOR VALliE RECEIVED. the undersigned and if more than one. jointly and aeverally (the '~iaker), does 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 office at 111 Orange Ave., Fort Pierce. Fla. or at such other place as the Payee may designate to the Maker in writing imm 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 Prineipal Amoun~ ; i The sums due and owinA hereunder ahall be payable during the Amortization Period in equal monthly instalments. ~ each in the amount of the Instalment Payment. the tirst such Inatalment Puyment to be made on the flrst Inatalment Payment Date and subeequent Instalment Payments on the tirst day o[ each mont6 thereafter until the Maturity Date f whereupon the entire Unpaid balance o[ principal and intereat accrued and unpaid thereon ahall bc~.~ome due and pay- able; esch such inatalment when paid shall be applied first to the payment o[ interest on the unpaid balance at the In- ~ terest Rate and the remainder thereo[ to payment on account of principal. If any Instalment Payment shall not be paid when due, then the entire principal sum and accrued inter~t here- ` under shall become due and payable at once or thereafter, at the option of the holder of this Note. The Payee may. at its option, rnllect a late charge not to exceed two cents for each one doltar of each Instalment Payment not paid when ~ due to reimburse the Payee for e:penses of aervicing delinquent Instalment Paymenta. Failure to e:ercise these options shall not constitute a waiver of the right to exercise the same in the event of any subeequent default. } ~ ~ } It is further agreed that the Maker and each endorser. surety, guarantor, jointly and eeverally. shall pay all coeta of ~ collection of this Note, including a reasonable attorney a fee, on tailure to pay any Instalment Payment or any accrued ~ 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 Florida from We date when the principal and accrued interest under this Note shaU be due and payable. The total intereat payable hereunder shall not in any one year e:ceed the highest ~ lawful rate of interest in the State o[ Florida. ~ ~ This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Fiorida. ~ E The Maker agre~ that it shall be bound by any agreement extending the time oT modifying the above terms of ~ payment, made by the Payee and the owner or ovmess of the property affected by said Mortgage, whether with or with- out notice to the Maker, and the Maker st~all continue liable to pay the amount due hereunder. but with interest at a ~ rate no greater than the Interest Rate, aecording to the terms of any such agreement of e:tension or modificalion_ _ - . ~ j The unpaid balance of the Principal Amount, plus accrued interest shall become due and payable at the option ot ~ ~ the Payee under the happening of an event by which said balanoe ahall or tnay become due and payable under tbe terms ~ i of said Mortgage_ ~ ~ ; g This Note ma not be chan ed orall but onl b an a ~ y g y, y y greement in writing, signed by the party against 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 tor i ~ payment, demand, pmtest, notic~ of protest, and notice of dishonor. and e:pressly agree jointly and severally to remain i and ~tinue bound for the payment ot the principal and interest provided tor by the terma o[ thia Note, notwithstanding ~ ~ any eztension or extensions of the time o[, or for the payment o( said principal or interest, or any change or changes in ; a the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided tor in thia Note, or any - ` 5 ~ change or changes by way of rnlease or surrender or substitution of any real property and rnllateral, or either, held as i ~ security [or this Note, and w•aive all and every kind of notice ot auch e:tension or e:tensions, change or changes, and ~ agree that the same may be made without the joinder of the Maker. 1602 Citrua Avenue - Port Pierce, Florida 33450 i ~ ~ ' /s/ Ollie Benson Taylor z ~ 9 e ~ ~ /s/ Florence Taylor ~ ~ ~ ~ f ~ ; ~ OR ~ ' ~ BoaK L,J~ PAGf 1844 ~ ~ ~ ~ - ~ j ~ tnr~ a:3 - F~mr, er et,u~a # ~ ' ~ , - £ , ~4 k S. ~ ~ ~ ~ .-at~ ~~~~3~.`.'i~~-z ~ x _ _ . . ~ii'~`~=*?r'~~ ^