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Home My WebLink About0585 ~ OEAM~M•..N71 ' MORTGAGE NOTE ' . ~ 3 PsinciFwl Amount: $ ZZ ~ da~. OO • Date of Note: U@Cp~~r Z9 ? 1.975 e ~ . ~ Maturity ~Date: T8Y1 Y9dZ9 ~ . ~ Interest Rate: 4~ ~ A Amortizution Period: From the day hereof to the Mawrity Date. ~ Instalment Payment: S 1Sa. al First Instalment Payment Date: P8'blf3al'y 5~ 197b FOB VALL~E RECEIVFD, the undersiqned and if more than one. jointly and severally (the \faker). dcea hereby co~•enunt and promise to pay to the order of Sun Bank of St. Lucie County ar to its auccessors or assigns lcollecti~ely the Yayee), at its principal office at 111 Orange Ave.. Fort Pierce. Fla. or at such other place as the Payee may designate to the Jlaker in writing from time to time, in legal tender of the United States. the Principal Amount together vvith . interest at the Interest Rste on the unpaid balance of the Principal Amount. The sums due and owinR hereunder shall be payable during the Amortization Period in equal monthly instalmente. each in the amount of the Instalment Payment, the tirst such Instalment Payment to be made on the First Inatalment Payment Date and subsequent Inatalment Paymenta on the tirst day of each month thereatter until the Maturity Date whereupon the entire unpaid balance o[ priqcipal and intereat accrued and unpaid thereon shall become due and pay- able; each such instalment~when pttid shall be applied ti~st t~ the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereot to payment on account of principal. If any ]nstalment Payment shall not be paid when due, then the entire principal sum and accrued intereat here- under shall become due and payable at once or thereatter, at the option of the holder of ihis Note. The Payee may, at its opti~n, coilect a late charge not to e:ceed two cents [or each one dollar o[ each Instalment Payment not paid when due to reimburse the Payee for ezpenses of servicing delinquent Instalment Paymenta. Failure to`e:ercise theae optiona shal) not constitut~ a waiver of the right to ezercise the same in the event of any subsequent detault. - It is [uriher agreed that the Maker and each endorser. surety. guarantor. jointly and severally, ahall pay all coeta of g collection of this Note, including a reasonable attorney a fee, on failure to pay any Instalment Payment or any accrued ~ interest due hereunder on the due date thereof. This Note and all sums due hereunder shall bear interest at the bigheat lawful rate of interest per annum in the State oi Florida from the date when the principal and acctucd interest under i this Note shall be due and payable. The total interest payabte hereunder shall not in any one year e:ceed the higheat lawful rate of interest in the State of Florida. ' - This Note is secured by a Mortgage, dated the date hereof, of pmperty situated in the State of Fiorida. ~ i ~ The Maker agrees that it shall be bound by any agreement extending the time or modifying the above terma of $ ~ payment, made by the Payee and the ow~ner or owners of the property attected by said Mortgage, whether with or with- ~ out notice to the 1Naker, and the Maker shall continue liable to pay the amount due hereunder, bu~? with interest at a ~ rate no greater than the Interest Rate, acrordinK to the terms of any such agreement of e:tension or modiCcation ~ The unpaid balance of the Principal Amount, plus accrued interest shall bec~ome due and payable at the option of ~ the Payee under the happening of an event by which said balance shaq or may bec~ome due and payable under the terms of seid Mortgage_ ~ This 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, moditication or discharge is sought. ~ g a All parties to this Note, whether Maker, principal, surety, guarantor or endorser. hereby waive presentment for ~ payment, demand, protest, notice oE protest, and notice of dishonor, and e:pressly agree jointly and aeverally to remain and continue bound (or the payment of the principal and interest provided tor by the terma of this Note, notwithstanding any e:tension or eYtenaions o( the time of, or tor ihe payment ot said principal or interest, or any change or changes in the amount or amounts agreed to be paid under or by virtue ot the obligation to pay provided for in this Note, or any change or changes by way of release or surtender or substilution of any real property and collateral, or either, held as security tor this Note, and w~aive all and every kind of notice of such extension or extensions, change or changes, and ~ agree that the same may be made without the joinder of the Maker. ~ t ~ ~ ~ /s/ Ernest Stonecipher ~ ~ ~ ~ ~ ~ ~ - ~ 1s/ Evelyn H. Stonecipher ~ ~ 8~2~7 ~ 585 . ~ r-..rir 3:~ - F~.~srrr, er rutic~ ~ " ~ ~ w:~,~` s. . _ _ ~ _ - ~ . ~,C-„~r + ~ ,~e _..~~.::a x ae~,G~" ~'~•,y ~3r.~ _ .w .~-~'s~~. _ _