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Home My WebLink About0485 ~ rE11MAN[NT 1 4 j ~ ~ i1AORTGAGE NOTE Princ;pal Amounc~j 2. 000. 00 ~ N~~~ July 25. 1975 Macurity nac~: 60 months Interest Rate: 10 ~ Acaortisation Period: From .the day hereot to the Maturity Date. I11a18IIt1eAl P8ylI18A~: =4Z~ 50 per month firsc tnst~men~ Paymenc Date: September 8. 1975 ~ FOR VALUE RECEIVED, the undersigned and if more than one, jointly and severally (the Ddaker). does hrreby covenant and promiae to pay to the order of Sun Bank of Si Lucie County or to its suaesaors or assigns (collectively the Payee), at ita principal oftce at 111 Orange Ave.. Fort Pierce. Fls. or at auch othei place ss the Psyee msY designste to the Maker in writing fmm time to tirae, in legsl tender of the United Statea, the Principal Amount together with interrat at the Interest Rate on the unpaid balance of the Principsl Amounk. The aums due and owinR hereunder ahall be payable darina the Amortisation Periad ia e9ua1 awnthly inatalments. each in ihe amount of the Instalment Paymen~ the [iist wc3~ InstaLnent Payment ta be msde on the First Instelment Payment Date and subsequent Inetalment Payments on tbe tirst day ot each month thereafter until the Maturity Date whereupon the entire unpaid balance o[ principal and interest accnied and unpaid t6ereon ahaU become due and paY- able; each wch inetalmen! when paid shal! be applied.Cirat to the payment of interest on tbe unpaid balance at t6e In- { tereat Rate and tbe remainder thereot to paymeat on acoount of principal. i ~ If any Instalment Payment ahall not be paid when due. then tbe eatire PrinciPal sum and socn~d interea~ heT'e' ~ under shall become due and payable at on~e or tbereatter. at the option of the hoider of this Note. 17~e Payee may, at } its option, collect a late charge not to ezaeed two ceats to: each one dollar of each InstalmenL Payment not paid when ' ~ due to seimburee the Payee tor e:penses ot eervicin8 delinquent Instalment Payments. Failure W ezercise these options = shall not rnnstitute a waiver of the right to e:ercise the eame in the event of aay subsequent default ; It ia furtt~er agreed that the Maker and each endoraer, surety, guarantor. joinUy and severally, shall pay all eosfs of collection of this Note. including a reasonabte attorney's fee. on failun to pay any Inetalanent Payment or any aecrued intcreat due 6ereunder on the due date tl~ereof. This Note and sll aums due hereunder ahall bear interes! at t}k highest lswtul rete of interest per annum in tbe.3tate of Florida from the date when tl~e principal and aocnied intereat under thia Note ahall be due and payable. 'fhe total intereat payable hereunder shsll not ia any mie year e:ceed the 2~igheet lawful rate of intereat in the State of Florida. 'I~is Noie ia secured by a MortBage. dated the date hereof. of pmPedy aituated in the 3tate of Ftorida. 'I'be Maker agreea that it shall be bound by any agreement e:tending the time os modifying the above term~+ af payment, made by the Payee and tl~e owner~ or owne~ of the property affected bY ssid Mortgage, whether with or with• . out notioe to the Maker, and the Maker sball continue liable to pay the amount due bereunder. but with intereat at a i rate no greater than the Interest Rate. according to ihe terma of any auch agreement of eztenaion or modification. ~ The unpaid balance of the Principal Amount. Ploa aocrued interest ahall become due and payable at tbe option of ~f the Payee~ uncler the heppenia.g of an event by whicb said bala~u.~e ahall or may become due and payable under the terms ~ of said ~Sortg:lge. ~ Thie Note may not be changed orally, but oaly by an agreearent in writin8. signed by the patty aSainst whom en- ? i torcement of any waiver. change. modification or diacharge ia soughk ~ s ~ All partiea to thia Note. whether Maker. principal, aurety. guarantor or endoreer, hereby waive preeentment for ~ payment, demand, protest, notice of pmtest, and not'sce of dishonor, and e:preesiy agree jointly and severally to remain and continue bound tor the payment of the principal and interest provided for by the terms of this Note, notvrithstanding any e:tension or extensions of the time of, or tor the payment of said principal or intereat. or any change or changea in the amount or amounte agreed to be paid under or by virtue ot the obligation to pay pmvided for in this Note. or any change or changes by way of releaee or aurrender or aubstitution ot any real property and colleteral. or either, held aa security for thia Note, and v?aive all and every kind of notice of auc6 eztension or eztensiona, change or cbanges. and agree that the same may be made without the joinder of tbe Maker. /s/ Henry Ownes - / s / Ila Owens ~ - . ~o~~~ P~ ~4 I I /171i1 !lJ - PAIAI~ Dl a'AJ~ _ I i E ~ N . . _ ~ . ~ _ _ _ . _ ~ ~ . _ _ . _ . . _ : s ' 2 ~ ~ i.'~:1.} `Y 5{~ } . . ar` ~ - 'an,x.f, ~ J'% • i~~x~;~~~'ik . 5 r . _ . . : , . _ . .