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Home My WebLink About1931 ~KRY~MENT1 MORTGAGE NOTE ' ~ ~ Pcinc;pal Amounc: , $2500.00 Date ot Note: Sapt~ll~s 11, 1975 Maturity nac~: ~ 8 month~t Interest Rate: 1V~ Amoriization Period: From the day hereot to the Maturity Dete. Inatalment Paytnent: $ 6 3.~ 1 Fiiat Instsiment Paymeat Date: NOV~= 1975 FOB VALUE RECEIVED. the underaigned and ii more than one. jointly and aeverally (the Maker)~ doea hereby covenant and pmmise to pay to the order of Sun Bank oi S~ Lucie County or to ita successors or assigns (collectively the Payee). at its principal office at 111 Orsnge Ave.. Fort Pieree. Fls. or at such other place aa the Payec may deaignate to the Maker in writing from time to time. in legal tender of the United Statea, the Principal Amount together wit}i intereat at the Interest Rate on the unpaid balance oi the Princjpal AmounL The auma due and owinx hereunder ahaq be payable during the Amortisation Period in equal monthly instalmenta, each in the amount of the Instalment Paymen~ the tirst such Instalment Payment to be made on the Firat Instalment Payment Date and subsequent Instalment Payments on the tirst day of ~ch month thereatter until the Maturity Date whereupon the entire unpaid balance of pru~cipal and interest accrued and unpaid thereon shall become due and pay- able; each such instalment when paid ahall be applied tiret to the payment of intereat on the unpaid halance at the In- terest Rate and the remainder tbereot to payment on account of principal. ~ If aay Inatalment Payment shall not be paid when due, then the entire principal sum and aocrued intereat here- ~ under ahall become due and payable at once or thereafter. at tLe option of tbe holder of this Note. 'The Payee may, at ita option. collect a late charge not to ~ceed two cents for each one dollar of each Instalment Paytnent not paid when due to reimburae the Payee for e:peneea of aervicing delinquent Instalment Paymente. Failure to ezercise theae options shall not constitute a waiver of the right to e:erciae the same in the event of any eubeequent default It ia Eurther agreed that the Maker and each endorser, surety. guarantor. jointly and aeverally, ahall pay all costs of collection of this Note, including a reasonabie attorney's fee, on failure to pay any Instalmeat Payment or aay accrued intereat due hereunder on the due date t}?ereof. Tl~is Note and all auma due hereunder ahall besr interest at the higheat lawful rate of iaterest per annum in the 3tate of Florida tmm the date when the principal and accrued intereat under this Note shall be due and payable. The total interest payable hereunder shall not in aay one year e:ceed the highest lawful rete of interest in the State of Florida. Thia Note is aecured by a Mortgage. dated the date hereof. of pmperty situated in the State ot Florida. i The Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above term~ of ! payment. made by the Payee and the owner or owneta of the property affected by said MoHgage, whether with or with- ' out notioe to the Maker. and the Maker ahall continue liable to pay the amount due hereunder, but with interest at a E rate no greater than tLe Intereat Rate. according to the terms oE any auch agreement of extenaion or modification. ~ ~ The unpaid balance of the Principal Amount, plus accrued interest shall becoane due and payable at the option of the P~yee under the happening of an event by which said balance ahall 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 tl~e patty against whom en- ~ forcement of any waiver, change, modi6cation or discbarge is sought. All parties to this Note, whether Maker, principal. aurety. guarantor or endoreer. hereby waive presentment for payment. demand. protest, notice of protest. and notice of diahonor, and ezpreaely agree jointly and severally to remain and continue bound [or the payment of the principal and intereat pmvided for by the terais of this Note. notwithstanding any eztension or e:tenaions of the tune of. or for the payment oE said principal or interest, or any change or changes in the amount or amounfs agreed to be paid under or by virtue of the obligation to pay provided [or in this Note, or any change or changes hy way of releaee or surrender or aubstitution ot any real pmperty and collateral. or either. held aa security for this Note, and v?sive all and every kind of notice of suc6 e:tenaion or eztenaions, change or changes, and agree that the eame may be made without t6e joinder of t6e Maker. 2224 ~torth 53rd 5traet Fort Pierce, Florida 33~50 ~ ~ ~ ~ ~ /s/ Benjamin F. Coleman ~ ~ /s/ Phyllis M. Coleman B~FK 243 P~~{ 1931 Nlil 927 - FlJf.'i lY. ST A[.{N . . . . ' _ _ ~~„pT ' ' ~ r : ~ _ -.F~~~s~ _ M?'~ \ }