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HomeMy WebLinkAbout2204 ~?ERYANENTI ~ ~ MORTGAGE NOTE Peincipal Amount: ' Date of Note: =~6,000.00 sspt. A, 1975 Maturity Date: 10 riats Interest Rate: 8~' Amortirstion Period: I~'rom the day hereot to the Maturity Date. Instalment Payment: =5~8.3d ~r tAO~cith Firet Instalment Payment Date: OQt. 8, 1915 FOR VALUE RECEIVED. the underaigned and if more than one, jointly and severally (the Malcer). doea hereby covenant and promise to psy to the order of Sun Bank of Sk Lucie County or to ita successora or sasigna (colleetively the ' Payee)~ at ita principal of~ce at 111 Orange Ave.. Fort Pierce, Fla. or at such other plaee as the Payee muy deaignste to the Maker in a-riting from time to time. in legsl tendez oi the United SLtea, the Principal Amount together with intereat at the inte~est Rate on the unpaid bslance•of the Principsl Amount 'ILe sums due aud owinx hereunder ahall be payable durin8 tl~e Amortisation Period in equal awntlily insfalanenee. each in the amount of the Instalment Payanent, the tirst nt Payment to be made on the Firat Instalment Payment Date and aubseqaent Inatalment Payments on each month tberea(ter until the Maturity Date whereupon the entire unpaid balanee o[ principal and intered a and unpaid thereon ahall become due and paY- ' able: each such instalment when paid shall be applied first to the payment oi intereat on the unpaid balance at t6e In- tereat Rate and the rea~inder thereoE to payment on account of principal. If any Instalment Payment ahall not be paid when due. then the entire PrinciPal awn and aoc~ued mte~t 1~~' . under ahall become due and payable at once or thereafter. at the option o[ the Iwlder of thie Note. The Payee may, at its option. collect a late charge not to e:oeed. two cents for eacb one dollar of each Instalment Payment aot paid when due to reimburae the Payee for e:penses of eer?icin8 deliaquent Instalment Paymenta. Failure to e:eri.~ise theee oRtioas ahall not constitute a waiver of the right to ezercise the same in the event ot any subeequent default It ia further agreed that the Maker and each endorser,.surety. guarantor. jointly and severallY. ~ P~Y ot colleMion oE this Note. including a reasonable attorney'e fee, on lailure to pay any Instalment Paya~ent or any accrued intereat due hereunder on the due date tLereof. This Note and all aums due hereander ahall bear interest at the highcat lawtul rate of interest per annnm in tbe 3tate of Florida fmm the date when the principal and aocrued interest under thie Note ahall be due and payable. The total intereet payable hereunder aball not in any one year ezceed the highest lawtul rate oE intereat in the State of Florida. This Note is eecured by a Mortgage. dated the date hereof. of pmperty eituated in the 3tate of Florida. The Maker agreea that it a6a11 be bound by any agreement e:tending the time or modifying tLe above terma of payment. made by the Payee and the owner or owneis of the pmperty affected by said Mortgage. whether with or with- ~ out notiee to the Maker. and the Maker shall coatinue liable to pay the amount due bereunder. but wiW intereat at a ~ rate no greater than the Interest Rate. socording to tbe terma of any such age+eement of e:tenaion or modifcation. ~ The unpaid balanc~ ot the Principal Amount, plus accrued interest s1ia11 become due and payeble at- tLe option ot ~ the Payee under the happening of an e~vent by which said balance ahall or may become due and payable under the terma of said Mortgage. Thia Note may not be changed orally, but only by an agreement in writing, aigned by tbe party againat whom en- Eorcement of any waiver, change, modiCcation or diacharge is aought All parties to this Note, whether Maker, principal. aurety. guarantor or endorser, hereby waive preeentment for payment, demand, protest, notice of pmtest. and notice of dishonor. and ezpreasly agree jointly and severally to remain and continue bound tor the payment ot the principal and interest provided tor by the terms of this Note. notwithatandin6 any e:tension or e:tenaions of the time of, -or tor the payment oi aaid principal or interest. or any change or cbanges in the amount or amounts agreed to be paid under or by virtue of the obligation to pay pmvided for in this Note, or any change or changea by way of release or surrender or substitution of any real property and coll~teral, or either. held as aecurity !or this Note, and v?aive all and every kind ot notice oi such eztenaion or e:tensiona, change or changes, and agree that the same may be made without the joinder of the Maker. t; ~ 5 ~ q ~ C. R. Cambron ~ . ~ Beverly A. Cambron ~ BoRK ~4J PAGf 2~~~ rowr asa - f~[ rrr~ n ea.ua ;,.~r : ~ - - t F: . ^7 . ~4'4 - t" _ .