The URL can be used to link to this page

Home My WebLink About2160 ~PERM~HCN~~ MORTGAGE NOTE Principal Amount: ~7~ ~v~. OQ Date ot Note: Mby lV~ 1975 Maturiey Daee: reo Years Interest Rate: ~opo ' Amortization Period: From the day hereot to the Maturity Date. i Instalment Payment: ~ ~4. 3 • ; Firat Inatalment Payment Date: fuly l. 1') l5 FOR VALUE RF.CEIVED. the undersigned and if more than one. jointly and severally (the Tiaker), dces hereby co~•enant and promise to pay to the order of Sun Bank of St. 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 Pr?yee may designate to the Maker in ~rriting from time to time, in legal tender of the United States. the Principal Amount together ~-ith interest ai the Intemst Rate on the unpaid balance of the Principal Amount. ~ ~ The sums due and owinR hereunder shall be payable during the Amortization Period in equal monthly instalmentss, each in the amount of the Instalment Payment, the first such Instalment Payment to be made on the First Instalment Payment Date and subsequent Instalment Payments on the tirst day o[ each monlh thereafter until the Maturity Date whereupon the entire unpaid balance ot priqcipal and interest accrued and unpaid thereon ahali become due and pay- able; each such instaiment when paid shall be applied [irst to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereof to payment on ~ccount ot 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 of this Note. The Payee may, at its option, collect a late charge not to e:ceed two cents tor each one dollar of each Instalment Payment not paid when due to rnimburse the Payee for e:penses of servicing delinquent Instalment Payments_ Failure to exemise these options shalt not constitute a waiver of lhe right to exercise the same in the event of any subseyuent default. It is turther agreed that the btaker and each endorser, surely, guarantor. jointly and severally, shall pay all costs of collection of this Note, including a reasonable attomey's [ee, on [ailure to pay any Inatalment Payment or any acrrued ! 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 the date when the principal and accrued interest under ; this Note shall be due and payable. The total interest payable hereunder shall not in any one year exceed the highent ~ lawful rate of intereat in the State of Florida. ` This Note is secured by a Mortgage, dated the date hereof, of property sitaated in the State ot Florida. The Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above term.g of payment, made by the Payee and the owner or owners of the property affected by said Mortgage, whether with or w~ith- - ~ out notice to the Maker, and the Maker shall continue liable to pay the amount due hereundet, but with interest at a E rate no greater than the Interest Rate, accordinR to the terms of any such agreement of e:tension or modification. ; - The unpaid balance ot the Principal Amount, plns acrrued interest shall become due and payable at the option of ~ the Payee under the happening ot 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 agreement in writing, signed by the party against whom en- forcement of any waiver, change, modification or discharge is sought_ ~ : All parties to this 1\'ote, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment tor payment, demand, ptotest, notice of pmtest, and notice of dsshonor, and e:pressly agree jointly and severally to remain and continue bound for the payment oF the principal and interest provided for by the terms of this Note, notwithstanding any extension or estensions o[ the time of, or (or 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 ot the obligation to pay provided tor in this Note, or any change or changes by way of rnlease or surrender or substitution of any rea) property and collateral, or either, held as security for this Note, and w-aive ali and every kind of notice of such e:tension or extensions, change or changes, and ~ agree that t6e same may be made without the joinder of the Maker. ~ Privilege of prepayment of all ; or any part at any time is hereby ~ granted without penalty. ~ /s/Howard J. Hockett ~ ~ ~ /s/ Betty Roden Hockett , ~ ~ ~ ~ ~ a ~ 7 ~ 0 R ~~Q ~ ~A ~ ~ 80QK v PAGE ~e~,~ ~ F=AI 9IJ - FAII:li.: 67 ~AI3 i [ ~ ` ~ O ~ o._~_._..? . . . • ~