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Home My WebLink About0251 • . _ • ~ . • ~ ~?t11M~N[NTI ~ • ~ ~ ~ ~ MORTGAGE NOTE " Principal Amount: SI~iOOO•0~ Date of Note: Sept@~8= 15~ 197s Maturity Date: T81t Y~ZS Interent Rate: $~j~ Amortization Period: From the day hereof to the Maturity Date. Instalment Payment: ~1900.40 Qlut~ intez~~t per year begin~inq October 1• 197b First Instalment Payment Date_ QCtpj~= 1~ 19?6 FOR VALUE RECEIVED. the undersigned and if more than one, jointly and severally (the rtaker). dces hereby co~enant and promise to pay to the order of Sun Bank of S~ Lucie County or to its suceessors or assigns (collectively the Payee). at its principa? of~ce at 111 Orange Ave.. Fort Pierce, Fla. or nt such other place as the Payee may designate to the Maker in w~riting from time to time, in legal tender of the United States. the Principal Amount together w-ith irtterest at the Interest Rate on the unpaid balance of the Principal Amount The sums due and owinR hereunder ahall be payable during the Amortization Period in equal monthly instalments, each in We amount ot the Instalment Payment. the first such Instalment Payment to be made on the- First Inatalment Payment Date and subsequent Inatalment Payments on the firat day o[ each month therea(ter until the Maturity Date wher~upon the entire unpaid bs?lance of principal and interest accrued and unpaid thereon shall become due and pay- able; each such instalment when paid shall be applied tirst to the payment of interest on the unpaid balance at the In- terest Rate and We remainder thereof to payment on account o[ principal. If any Instalment Payment shall not be paid when due, then the entire principal sum and accrued inteerst herc- under shall become due and payable at once or thereafter, at the option of the holder of this Note. The Payee may. at its option, collect a late charge not to e:ceed two cents for each one dollar of each Instalment Payment not paid when due to reimburse the Payee for expenses of senricing delinquent Instalment Payments. Failure to e:ercise these options shall not rnnstitute a waiver of the right to exercise the same in the event of any subsequent default. It is further agreed that the Maker and each endorser, aurety, guarantor. jointly and aeverally, shall pay all co~ts of collection af this Note, including a reasonable attorney's fee, on failure to pay any Instalment Payment or any accrued interest due hereunder on the due date thereof. This Note and ali sums due hereunder ahall bear interest at the highest lawful rate of interest per annum in the State oi Florida from the date when the principal and accrued interest unuer this Note shall be due and payable. The totel interest payable hereunder shall not in any one year exceed the highest 18x~fu1 3'ate of inte*ost in ths~ Sfatr of Fiorida_ _ This. Note is secured by a Mortgage. dated the date hereof, of property situated in the State of Fiorida. 1'he Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above terms of payment, made by the Payee and the ovmer or owners o[ the property af[ecied by said Mortgage. whether with or with- 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, according to the terms of any such agteement of extension or modification_ The unpaid balance of the Principal Amount, plus accrued interest shaU become due and payable at the option of the Payee under the hap~+ening oI an event by which said balance ahall or may become due and payable under the terms of said Mortgage. 1'his Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- forcement of any waiver, chunge, modification or discharge is sought. All parties to this Note, whether Maker, principal, surety, guatantor or endoraer. hereby waive presentment for payment, demand, protest, notice of protest, and notice of dishonor, and ezpressly agree jointly and severally to remain and continue bound tor the payment of the principal and interest provided tor by the tetms of this Note, notwithstanding any extension or extensions of the time o(, 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 serurity tor this Note, and M•aive all and every kind of notice of such eztension or e:tensiona, change or changes, and agree that the same may be made without the joinder o[ t6e Maker. Port Pierce Cemst+ery 2?ssociation, Inc. William F. Willes b • President by: Helen J. Brenner Treasurer ~v ~z~ - rrJSr:a; a~ ~.ws ~~244 ~ ~.~1~ - _ . _ _