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Home My WebLink About0015 ~P[RY~HCM11 ; • MORTGAGE NOTE ~ Princi~a~ Aaoount. Date ot Note: . = SO ~ ~00. Da • l~wpbwb~t' l~ ~ 1».s Maturity Date: ~i~c~ 1~. 197~ Interest Rate: Amortization Period: From the day hereot to the Malurity Date_ Inatalment Payment: - ~rat Instalment Payment Date: a~ ~ 000. 00 p10~ ~tt+~l~it dW ~+Qh l~ ~ 1~')~ . FOR VALUE RECEIVED. the undersigned and if more than one, jointly and severally (the 11laker), dces hereby co~enant and promise to pay to the order of Sun Bank of St. Lucie County or to its successors or assigns (collectively the Payee). at its principal office at 111 Orange A~e.. Fort Pierce, Fla. or at such other place as the Payee may designate to the Maker in ~+-*iting tmm time to kime, in legal tender of th~ United States, the Principal Amount together with interest at the Interest Rate on the unpaid balance of the Principal Amount~ The aums due and owinR hereunder shall be payable durinq the Amortization Period in equal monthly inatalmente. each in the amaunt ot the Instalment Payment, the tirst such Instalment Payment to be made on the First Instalment Payment Date and subsequent Instalment Payments on the first day of each month thereatter until the Maturity Date whereupon the entire unpaid balance of principal and intesest accrued and unpaid thereon shall be~~omoe due and pay- able; each such instalment when paid shall be applied fiist to the payment o[ interest on the unpaid balance at the In- terest Rate and the remainder thereof to payment on account ot principal. - If any Instalment Payment shall not be paid when due, then the entire principal sum and acerued interest here- under ahall become due and payable at once or thereafter, at the option of the holde~ of this Note. The Payee may, at its option. collect a late charge not to eYCeed two centa for each one dollar of each Instalment Payment not paid when due to reimbutse the Payee for e:penses of servicing delinquent Instalment Payments. Failure to e:ercise these options shall not conatitute a waiver of the~ righ! to ezezrise !he same in the event of sny s~2~equent default, It is further agreed that the Maker and each endorser, surety, guarsintor. jointly and eeverally, shall paY all coats of collection of this Note, including a reasonable attorney's fee, on (ailure to pay any Instalment Paymeni or any accrued interest due hereunder on the due date thereo[. This Note and all sums due hereunder shall bear interest at the highest ~ lawful rate of interest per annum in the State of Florida from the date when the principal and accrued interest under • this Note shall be due and payable. The total interest payable hereunder shalt not in any one year exceed the highest ~ lawful rate of interest in the State of Florida. i i This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. I j The ;Maker agrees that it shall be bound by any agreement eztending the time or modifying the above terma of ~ payment, made by the Payee and the owner or owne~s of the property affected by said Mortgage. whether with or with- E out notice to the Maker, and the Maker shall continue liable to pay the amount due hereunder. but with interest at a ~ rate no greater than the Interest Rate, accordinR to the terms of any such agreement of extension or modification. ~ The unpaid balance of the Principal Amount, plus acrrued interest ahall become due and payable at the option oi the Payee 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 the party against whom en- fomement of any waiver, change, modification or discharge is sought. All parties to this Note, whether 114aker, principal, surety, guarantor or endoraer. hereby waive presentment tor payment, demand, protest, notice of protest, and notice of dishonor, and e:presaly agree jointly and severally to remain and continue bound for the payment of the principal and interest provided tor by the terma of this Note, notwithstanding ~ any extension or extensions o[ the time of, or for the payment ot said principal or interest, or any change or changes in the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided tor in this Note, or any change or changes by way of release or surrender or substitution of any real property and collateral, or either, held as ~ security for this Note, and v?-aive all and every kind of notice ot auch e:tension or e:tensions, change or changes, and agree that the same may be made without the joinder o[ the Maker. ~OUl~ 1~ 1i0~ i01 ~ tor! t3~s+o~. tl~orida 33~50 S~ ~S, I1tC. ~ ~ ~ ~ S,tte d J h son ~ _ ~ ~ ~ - Patricia A. Johnson ~ ~ Secretary/Treasurer ~ ~ . _ ~ ~ ~ - BoPK 244 P,,~E 15 - ~ r.w~ ~ta - FRrr.rr, !r yc,t~r ~ - - ~ . . . . , : r ...~4 3~:.-~