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Home My WebLink About0246 ; 1rEqYANCN~1 ~ t ! i ~ ~ ~ MORTGAGE NOTE ' ` ~ , Principal Amount: $4, 100. 00 Date ot Note: July 23. 19?5 Maturity Dace: 120 months Interest Rete: 9 i % Amo~rtization Period: Fmm the day hereof to the Maturity Date. Inatalment Payment: $53. 06 per month Firat Irutalment Payment Date: Septembe2' 16, 1975 ~ FOit VaLUE BECEIVED, the undersigned and if more than one, jointly and severally (the 1liaker), doea hereby covenant and pmmise to pay to the order of Sun Bank of S~ Lucie County or to ita auccessors or assigna (collectively the Payee), st its principal office at 111 Orange Ave.~ Fort Pierce. Fla or at such other place as the Payee may designate to the Maker in v?-riting irom 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 Principal Amoun~ The suma due and owinK hereunder ahall be payable during the Amortization Period in eqnal monthly inatalmeuts. each in the amount of the Inatalment Payment. the fitat such Instalment Payment to be made on the flrst Inatalment Payment Date and aubsequent Instalment Paymenta on the first day o[ each month t6ereatter until the Maturity Date w6ereupon the entire unpaid balance of prir~cipal and intereai accrued and unpaid thereon shal! become due and pay- able; each such instalment when paid ahall be applied fiist to t6e payment of intereat on the unpaid balance at the In- terest Rate and the remainder thereo[ to payment oa account ot principal. ~ If any Instalment Payment ahall not be paid when ~ue. then the entire principal sum and accrued interest here- under sha11 become due and payable at once or thereafter. at the option of the holder ot thia Note. The Payee may. at its option. collect a late charge not to ~ceed two centa tor each one dollar of e~ch. Instalment Payment not paid when due to reimbur~e the Payee for e:penses of aervicing delinquent Inafalment Payments. Fnilure to e:ercise these options ahall not rnnstitute a waiver of the right to e:erciae the aame in the event of any subaequent detault. It is further agreed that the Maker and each endorser, sur~ty, guarantor. jointly and eeverally. ahall pay all coats of collection of this Note, including a reasonable attomey's fee. on failure to pay any Instalment Payment or any accrued interest due hereunder on the due date thereof. This Note and all suma due hereunder ahall bear interest at the highest iaw[ul rate of interest per annum in the 3tate of Florida from the date when the principal and aocrued interest under this Note shall be due and payable. The total interest payable hereunder shaU not in any one year e:ceed the highest lawful rate of interest in the State of Florida. This Note is secured by a Mortgage, dated the date hereof, of pmperty situated in the State of Florida. . , ' The Maker agrees that it shall be bound by any agreement eztending the time or modifying the above terms of ? payment, made by the Payee and the owner or owmeis of the property atfected by said Mortgage, whether with or with- ; out notice to the Maker, and the Maker shall rnntinue liabte to pay the amount due hereunder. but with interest at a ! ~ rate no greater than the Interest Rate, according to the terms of any such agreement of e:tension or modi6cation. ~ ` The unpaid balance of the Principal Amount, plus accrued intereat shall beoome due and payable at the option of E the Payee under the happening of an event by which said balance ahall or may become due and payable under the terms E i of said Mortgage. i i 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 dixharge is soughi ~ All parties to this Note, whether Maker, principal. surety, guarantor or endoreer. hereby waive presentment for payment, demand, protest, notice of protest, and notice of dishonor, and e:pressly agree jointly and severaUy to remain and continue bound tor the payment of the principal and interest provided tor by the terme of t6is Note, notwithatanding j any e:tension or extenaions of the time of, or for t6e payment ot said principal or interest, or any change or changea in the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided for in this Note, or any change or changes by way o[ release or surrender or substituiion of any real pmperty and collateral, or either. held as ~ security tor this Note, and v?aive all and every kind of notice of such e:tension or e:tensions, change or e6anges, and agree that the same may be made without t6e joinder of the Maker. ~ ~ ` ~ ~ ~ ~/~L- ~ ~t-' ~"L ~t-o-Bti.J ~ ~ ~ ¢ ' ~ ~ ~ ~ ~ ~ ~ ~ rcr« ais - vhtrrr~ e~ ~uvr 6~QK ~r~ ,rr Pa~E ~zV ~ ` ~ ~ _ . - J ~T~~~~„ , ~ < ~ _ - - - - - -