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Home My WebLink About1448 Ir(AMANCNTI } MORTGAGE NOTE ~ Principsl Amount: $6~ 500.00 vAte or Note: Sept~ber 5, 147S Maturity Date: $9V~Zl y@itt Interest Rate: a~i - Amortization Period: From the day hereot to the Maturity Date. ` -J-- Inatalment Payment: ~10Z. ~rat Inetalment Payment Date: l1pVA~Yr 1~ 197 S FOIt VALUE RECEIVED~ the undersigned and if more than one. jointly and severally (the Maker). doea hereby rnvenant and promise to pay to the order of Sun Bank of Si Lucie County or to its succesaors or assigns (collectively the Payee)~ at ita prlncipal oifice at 111 Orange Ave., Fort Pieree, Fla. or at such other place as the Payee may designate to the Malcer in writing imm time to time. in legal tender of the United States, the Principal Amount together with intereat at the Intereat Rate on the ~npaid balance of the Principal Amount 'fl~e aums due and owinR hereunder ahall be payable during the Maortization Period in equal monWly inatalments, each in the amount of the Instalment Ps;~ent, the tirst such Inatalment Payment to be made on the First Instalment Payment Date and aubeequent Instalaaent Payments on the tirst day ot each month thereatter until the Maturity Date whereupon t2~e entire unpaid balance of pti~cipal and intereat accrued and unpaid thereon ehall becwme due and pay- able; e~ch such instalment when paid shal! be applied Crst to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereof to payment on account o[ princigel. If any Inatalment Paytnent shall not be paid when due. then the entire principal s~un and aecrued intereat here- ' under ahall become due and payable at once or thereatter. at the option of the holder of this Note. The Payee may. at ifs optioa. collect a late charge not to e~oeed two eents for each one dollar of ~ch Inatalroent Payment not paid when due to reimburse the Payee for e:penses of aervicing delinquent Inatalment Paymenta. Failure to e:erci~e these optiona , ahall not rnnstitute a waiver of the right to e:ercise the same in the event of any subaequent detault. 3 It is turther agreed that tl~e Maker and ~ch endorser, surPty, guarantor. jointly and aeverally, ahall pay all costs of collection of this Note, including a reaeonable attorney's fee. on failure to pay any Instalment Payment or any aecrued interest due hereunder on the due date thereof. Thia Note and all sums due hereunder ahall bear interest at the highest lawful rate of intereat per annum in the State of Florida from the date when the principal and accrued interest under this Note ahall be due and payable. The total intereat payabte hereunder s6all not in any one year exceed the }ughest lawful rate of interest ia the State of Florida. Thia Note is secured by a Mortgage, dated the date hereof, of pmperty aituated in the State of Florida. • ~ The Maker agrees that it shail be bound by any agreement extending the time or modifying the above terms of ' payment, made by the Payee and the owner or owneis of the pmperty affected by said Mortgage. whether with or with- ` out notice to the Maker. and the Maker shall rnntinue liable to pay the amount due hereunder. but with interest at a ~ i rate no greater than the Interest Rate, aocording to the terca~ oE any auch agreement of e:tension or modification. t4 1 The unpaid balance of the Principal Amount, plus accrned interest shall become due and payable at the option ot ; the Payee under the happening of an event by which said balanee ahali or may become due and payable under the terros - of said Mortgage. ~ Thia 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 aought. I i All parties to this Note, whether Maker, principal, surety. guarantor or endorser. herebx waive presentment tor f payment, demand. protest, notice of pmteak. and notice of dishonor, and e:presely agree jointly and severally to remain ~ and continue bound for the payment of the principal and interest provided for by the terms of thia Note. notwithstanding ~ any eztension or e:tensione of the tune of. or tor the payment of said principal or interest, or any change or changes in E the amount or amounta agreed to be paid under or by virtue ot the obligetion to pay pmvided for in tbis Note, or any ~ change or changes by way of releaee or surrender or subatitution o[ any real pmperty and collateral. or either. held as security for thia Note, and v?aive all and every kind ot notice of such eztension or extensions. change or changee, and ~ agree that the same may be made without the joinder_ of t6e Maker. i Addrass: 4855 So~th Zndiaa Rivrs Drivs ~ ~ Post Pierc~e, glotid4 33i50 ~ _ /s/ William H. Thompson i i ~ ; /s/,Mary A. Thompson ~ - s i ~ E I ? soox 243 P~ ~448 ~ ~ ~ F ~ tL'Y7f DSJ - PRIRf1G M ~'AI~ ..,`s~`~ 'a~~.~~z~.'~ - . . . . _ . _ _ r = - _ ~