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Home My WebLink About0632 , ~ 3 . ~~iRMAM[N~1 ~ S MORTGAGE NOTE Pr~ncipat Amau?t: =12, 000.00 Dat~e o~ 1~oce: C~ 1 C~ c~ J~, 19 7 S~ Meturity Date: '~'~p Y~~ ~ns~n.,t ~te: ~ 9~S Amortization Period: ~om tbe day hereot to the Maturity Date. Instalment Paymeat: alSS.• 2~ First Instaiment Payment Date: FOR VALUE RECEIVED. the underaigned and if more than one, jointly and se'verally (the I~islcer). doea hereby rnvenant and promise to pny to the order of Sun Bank of SL Lucie County or to its successors or ssaigns (collectively the Payee). at its pdncipal office st 111 Orange Ave., Fort Pierce, Fla. or at auch other place aa the Payee may designate to the Maker in writing from time to time, in legal tender of the United States, the Principal Amount together with interest at the Intereat Rate on the unpaid balance of the Principal Amounk The sume due and owinR hercunder ahell be payable a11r1I1g U1@ AIIM?I,1Z8llOA P@llOd 1T1 CQUBI DIOA~}!Iy IIIBfflIIDLIItB. each in the amoant of the Instalment Payment. the titat auch Inatalment Payment to be made on the First Inatalment Payanent Date and aubeequent Instalment Paymenb on the first day ot ~ch month Wereatter antil the Maturity Date whereupon tl~e entire unpaid balance of prit~cipal and intereat accrued and unpaid thereon shall bei.~ome due and p~y- aWe; e~ch such instalment when paid ahall be epplied first to the payment ot intereat on the ungaid balance at the In- ! tetrst Rate and the remainder t6ereof to payment on account of principal. i If any Instalment Payment a6a11 not be paid when due. then the entine principal aum and accrued interest here- under ahall become due and payable at onoe or thereafter. at the option of the holder of this Note. Tbe Payee may, at ita optian. rnllect a late charge not to e:ceed two centa for each one dollar of each Inatalmept Payment not paid when - due to reunburee the Payee for e:peneee of aervicing delinquent Instalment Paymenta. Failure to e:etriae these optiona shall not conatitute a waiver of the right to exee~ciae the same in the event of any subaequent defautt. It is further agreed that the Maker and each endoraer. surety. guarantor. jointly and severaUy. shall pay all casts of colleMion of thia Note. including a reasonable attorney'a fee. on failure to pay any Inatalment Payment or any secrued intcrest due hereunder on the due date thereof. Thia Note and all aums due hereunder ahail bear intereat at the higheat lawful rate of interest per annum in the Statc o[ Florida from the date whea the principal end accrued intereat under this Note ahall be due and payable. T6e total interest payable hereunder shall not in aay o~ yeas ezceed the higheat lawful rate of intereat in the State of Florida. Thia Note ia secured by a Mortgage, dated the date hereof, of propetty situated in the 3tate of Florida. The Maker agreea that it shall be bound by any agreement e:tending the time or modifying the above teru~s of payment, made by the Payee and the owner or owners of the property affected by eaid Mortga~, wheWer with or with- out notice to the Maker, and the Maker ahall continue liable to pay the amount due bereunder. but wiW inteteet at a rate no greater than the Interest Rate, according to the terms of any such agreement of e:tenaion or modif'uation. The unpaid balance of the Principal Amount, plus accrued interest shall become due and payable at the option of i the Payee under the happening of an event by which said batance sl~all or may become due and payable under the terms ; of said Mortgage. ° f f 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 ia sought ~ All parties to thia Note, whether Maker, principal. surety, guarantor or endoraer, hereby waive preaentment for ~ payment, demand, protest, notice of pmtest, and notice of dishonor. and e:presely agree jointly and severally to remain # and continue bound tor the payment ot the principal and intereat provided tor by the terms of thia Note, notwithetanding ~ any e:tenaion or e:tensione of the time of, or tor the payment of eaid principal or intec+est, or any c6ange or changes in t the amount or amounts agreed to be paid under or by virtue ot We obligation to pay provided for in this Note. or any ~ change or changea by way of reieaee or surrender or subetitution of any real pmperty and collaterai, or either, held as ~ security for t6is Note. and vraive all and every kind of notice o[ such eztension or e:tensiona, change or changes, and ~ agree that the same may be made without the joinder of the Maker. ~ 1791 ~lvanw Q Fort pi,~rce, tl~orida 33450 ; ~ ; ~ /s/ Frances Elmira Kimbrough ~ ~ ~ ~ • . ~ ~ ~ D ~ • ~ ~ 60otc245 FAGE 6~ ~ ' ~ ~ rcwr ~za - v~errr:.c s~ ~~us I ~ _ - _ ~ e- -~~n