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Home My WebLink About2557 1?[RMANLNTI MORTGAGE NOTE princi~al wmount: =80.000. 00 Date ot Note: An(u~t t0. 1975 Maturity nece: Ta? Y~ar• Interest Rate: 8 } Amartisation Poriod: FYom the day heraot to the Maturity Date. Instalment Payment: ~B~ OOO. 00. pln• iat~s~~t per rar ~rat Inatalment Payment Date: AY~Oit 2D. 19T6 _ FOR VALUE RECEIVED. the undessigned and ii more than one, jointly and aeveraUy (the 111aY?er). does het~eby covenant and pmmise to pay to the order of Sun Bank of St Lucie County or to its aucceasors or sasigas (collectively the Payee), at its prineipal oirce at 111 Orange Ave., Fort Pierce, Fla. or at euch other plsce as the Payee may deaignste to the Maker in writing from time to time. in legal tender oi the United Stst~ea. the Principal Aanount together with interest at the Interest Rate on the unpaid balance of the Principal Amount The aums dne and owin~ hereunder shall be payable durins the Amortisatioa Period in equal monthly instelaients. each in tbe amount of the Instalment Payment, the first auch Instalment Pa„~?ment to be made on the flrst Instalment Payment Date and subsequent InsWment Payments on the iits! day of each month therea[ter until tbe Maturity Date whereupon the entire unpaid balance ot priRcipal and interest accnied snd unpaid ther~n shall become due and pay- ab~e; e~ch suc6 inatalmeat when paid aLall be applied Crat to tLe paytnent ot interest on t6e unpaid balance at t6e In- terest Rate and t6e remainder thereof to payment on aocouAt ot principal. If any Iastalment Payment ahall not be paid when due. then the entire principal aum aad aocrued intereat here- under ahall become due and payable at onoe or tbereafter. at the option of the holder oE this Note. 'ILe Payee may. at ita option, collect a late charge not to ezceed two centn for each one doUar of each Instalment Payment not paid when due to reimburee the Payee for ezpenses of eervicing delinquent Instaltnent Payments. _ Failure to e:ercise these options _ shall not rnnatitute a waiver of the right to ~erciee the same in the event of any subeequent defauli It ia further agreed that the Maker and esch endorser. aurety. guarantor. jointly and eeverally. ahall pay all costs of collection of this Note. including a reasonable attorney s fee. on failure to pay any Inatalment Payment or any acctued intereat due hereunder on the due date thereot. This Note and alt suma dae bereunder ahall bear interest at the }ughest laxful rate ot interest per annum in the 3tatc of Florida from the date when the principal aad aocrued inter~t under thia Note shall be due and payable. 1'he total interest payable bereunder shall not in any one y~r e:c,eed the higbest lawful rate of intereat in tbe State of Florida ' 'l7~ie Note is eecured by a Mortgage, dated the date hereof, of propedy aituated in the 3tate of Florida. 'ILe Maker agrees that it s6a11 be bound by any agreemeat e:tending the time or modifying the above terms oE , payment. made by the Payee and the owner or owners of tbe property affected by aaid Mortgage, whether with or with- out notioe to the Maker. and the Maker shall continue liable to pey the aQwunt due bereunder. bat with interest at a 'I rate no greater than the Interest Rate. aocording to the terme oE any such agreement of eztension or modification ~ The unpaid balance of the Principal Amount, pius aecrued interest a6a11 become due and payable at the option of ~ ~ the Payee under the happening of an event by w}uch said balance ahall or may become due and payable under t6e temss I of said Mottgage. ` ~ ~ T6is Note may not be changed orally, bnt only by an agreement in writing, aigned by the party against wlwm en- ~ (orcement of any waiver. change, modiCcation or dixharge is soughk All partiea to this Note. whether Maker. principal. surety. guarentor or endorser. hereby waive presentment for ~ payment. demand, proteat, notice of protest, and notice of dishonor, and e:presely agree jointly and severally to remain and continue bound for the payment of tbe principal and intet+eat pmvided [or by the terms of thia Note, notwitbatanding ~ any eztension or e:tensions of the time ot, or for the payment ot said principal or intereat, 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 this Note, or any change or changea by way oE release or surrender or aubatitution of any real pmperty and collateral, or either, held as aecurity for this Note, and v?aive all and every kind of notice oi auc6 eztension or e:teneions, change or c6angea. and ~ agree that tbe same may be made witlwut the joinder of tbe Maker. ~ ~ ~ VARN GROVES, INC. ~ n ~ q g y. / s/ Myron M. V a rn ~ - ~ President ~ _ _ . ~ ~ g y; / s/ Jean F. Va rn Secretary go~242 P~2559 raxr nJ - rxrrrt~c sr g.w . ~ - . ^tl~ : ' J .r r_~~ ~,w~ ~ . ' -