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Home My WebLink About2340 • • _ ~vERM~N[NTI ~ MORTGAGE NOTE ~ Principal Amount: & 1.O ~ OOO. ~0 Date of Note: ~ay 21. 197 S Maturity Date: 1 YQaI' Interest Rate: 9~ Amortization Period: From the day hereo! to the Matutity Date. Inatalment Payment: First lnstalment Payaaent Date: ~10 ~ OOO. 00 p1uA iat~assst dtio !~l~y 23 ~ 1976 FOR VaLUE RECEIVED, the undersigned and if more than one, jointly and severally (the Tlaker), dcea 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 Payee may designate to the ~laker in writing 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 Ptincipal Amoun~ , The sums due and owinR hereunder siudl be payable duting We Amortization Period in equal monthly instalments. each in the amount of the Inatalment Payment, the tirat such Instalment Payment to be made on the First Inafslment Payment Date and subeequent Instaiment Payments on the tirst day o[ each month thereafter until the Maturity Date whereupon the entire unpaid balance of principal and interest accrued and unpaid t6ereon shail become due and pay- able; each such instalment when paid shall be applied Giat to the payment of interest on the unpaid balance at the In- terest Rate and the rnmainder thereof to payment on account of principal. If any Insfalment Payment shall not be paid when due. then the entire principal stun and acrrued 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 t$te charge not to exceed two cents for each one dollar of each Instaiment Payment not paid when - due to reimburse the Payee for expenses oi servicing delinquent Instalment Payments. Failure to ezercise these options shall not constitute a waiver of the right to exemise the aame in the eve.nt of any RuF~equent default It is further aqreed that the Maker and each endorser. surety, guarantor, jointly and severally, shall pay a11 coets of collection of this Note, including a reasonable attorney's fee, on failure to pay any Instalment Payment or any aectued interest due hereunder on the due date thereof. This Note and all sums due hereunder shall bear interest at the highest lawfu! rate of interest per annum in the State of Florida from the date when the principal and acrrued interest under this Note shalt be due and payable. The total interest payable hereunder shall not in any one year exceed the highest lawful rate of interest in the State of Florida. This Note is secured by a Mortgage, dated the date hereof, of property aituated in the State of florida. The Maker agrees that it shall be bound by at?y agreement e:tending the time or modifying the above terms of payment, made by the Payee and the owner or ovmers of the property af[ected by said Mortgage, whether with or with- out notice to the Maker, and the Maker shall continue liabte to pay the amount due hereunder. but with interest at a rate no gteater than the Interest Rate. according to the terms of any such agreement of e:tension or modifiration f The unpaid balance of the Principal Amount, plus accrued interest ahall become due and payable at the option of - the Payee under the happening of an event by which said balance shai) 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 Note, whether Maker, principal, surety, guarantor or endoraer, hereby waive ptesentment [or payment, demand, ptotest, notice of pmtest, and notice of dishonor, 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 ot thia Note. notwithstanding a any extension or extensions of the time oi, or (or the paymen[ oi said principai or intetest, or any change or changes in the amount or amounta agreed to be paid under or by virtue of the obligation to pay provided for in thia Note, or any change or changes by way of release or surrepder or substitution of any real property and collateral, or either, held as ~ security for this Note, and w~aive all and every kind ot notice o( such eztension or e:tensions, change or changes, and agree that t6e same may be made without the joinder of the Maker. ~ : : - 319 I~orth Fourth Street, BACSItB- ENTERPRISgS. Z~tC. ~ Fort pitrc:e, Florida 33450 ; _ ~ _ /s/ Frederick B. Guhse ~ - resi en ~ aooK 239 P~cE Z3~34 ~ ~ tLIN 92~ - PRIlTI): ar r,~,uv~ ~ ~ ~ ~ - ~ ~ ~ ~~__...t-.-..._ , ~ . _ . . . . _ . ~ . ~ r.~