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1?SIINAN~NT 1 ~ ~
~ MORTGAG~ NQTE
Pr~nc;~a1 Ain°`mc: $3,000.00 ~ate ot N~t~: !"~s2~su~~cy Z0, 1976
Maturity Date: y~~ , _ ~
Intere~t Rate: 1QS . _
Amortiretion Period: FYom the d~Y bereof to tbe Maturity Date.
In.~la~e~t Pay~nont: $?6'.OSr
F'usc Instalment P~yment Date: MSS~ah 2, 19716 ~
. FOB VALUE RECEIVED. the undenigned uid it more th~n one. joinlty and seven~Uy (tl~e Maker). daes henby .
covenan! and promiae to psy to the orde~ot Sun Bank of Sk Lueie County or to ita sdoceasoa or sasigns (eoUeetivel~ the ~
Payee), at its prineigsl oftice at 111 Orange Ave.~ Fort Pierca, Fla. or at auch other plsee as t~ Payee msy de~ignate
to U?e M~Icer i~f v?ritiag irom tiaae to t~nae, in lesal tender of the Udted 8tatea, the Prineipal Aanovnt together with
interest at the Interest Rste oa the nnpsid bslsnce of the Prlnclpal Amount
~ The sume due and awit~ hereunder sball be p~yable durina ths Amortisatio~ Pe:iod in equal ma~tbly inetal~a~ab.
each ia tl~e amount of the Inst~lment Paymenk ~[irst auch Instslinent Payment to be mde on t6e Fyrst Irutalment
Pa~yment Date and s~.ebsequent Indalment Pa~yinenb on tbs.Cust da~y ot each montl~ thereafter. until fhe Maturity Date - -
whereupon tLe eatire unpeid bralance aE pri~iPal and intered acerued and sinpaid thereon shall became due and pey-
able; each sucb instalment w6ep paid ahall be applied fir~t to tbe paymen! of interest on tbe unpaid b~lance at the In- ,
tereat Rate and t6e remainder thereot to ~ peiyment on aocount oE principal.
If aay Iaatalment Pa~yntent al~all not be paid when due, tl~ tbe entire principal swm and aocrued i~tereat bere-
und~er aball becoane d+Ue and payable at onoe or thereafter, at tbe optiau of the hoider of this Note. The Payee may, at
its option. coUect a late charge aot to ~oeed two oents for each oae dollar of esch Imtalment Paya~ent not paid wben
due b reimburse tbe Payee for e:pensea oE servicin~ delinquent ImsWment Payments. Failure to e~rcise these optio~s, .
ebaU not coas6tute a waiver oi the right to exercise tbe aame in tbe avent of any wbseqt~ot detault
. It is fuiU?er ag~+eed thst the Maker a~ each endoraer. sur~ty. gusrantor. joinUy and severaUy, shall pay all oosta of
collection ot thia Note, incindins s seasonaMe attorney's tee. on tailure to p~y any Instalement Paymeat or en,y aaxyed
in~erest dne hereunder on the due date tbereoi. This Note and all auma due hereund~ ahall bear interest at tbe hi~t .
lawful rate of interest per annum in the State ot I~7orida from the date when the princlpal and socrued interest under ~
this Note ehall be due -aad payable. Tbe total interest payable bereunder ahall not in ~anr ons year esceed tbe hi~t •
lawfui rate ot intereat ia tLe State of Florida.
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~i This Nofe is secured by a Mortgage. dated the date hereof. ot propedy sitnated ia tbe Stnte of Florida. .
~ The Maker agrees that it ehall be bound bq any agreement eztending the time or modifying the above terma of ~
' P~Y~~. made by the Payee and t}ie owner or awners ot the property af[ected byf sayd Mort~age. wbetber wiW or with-
~ out naticae to tLe Maker. and the Maker ahall continue liable to paY the amoant due }ie~r. but with interest at a
rate no gneater thsn the Inferest Rate. aoeording to the terms of any s~ch agreemeat of Pactensia~ or rnodif'ication.
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The unpaid balance oE the Principal Amoun~ Plus aocrued intei+est shall beoome d~ and payable at the option oi
the Payee under tbe haPPeninB aE an event by which aaid balance at,all or may beooaoe due and payable under the terms -
of aaid Mortgaae.
~is Note maq not be -chsnged orelly. but only by an agreement in writing, signed by t6e party against whozn en-
foroement of any waiver, rhange. modi~ation or diacharge is aouaht .
AU pariies to'this Note, whether Maker, principal, surety. guarantor or eadoner, hereby waive presentment tar
P$Y~nt, dea~and. pmtest aotioe of protest. and notice of dis6onor, and e:presslY s6ree jointly and eev~erally to remain _
and continue bound tor the paymeat of the principal and interest pmvided for by the term~ of this Note. notwitbatandins
any eztension or eztenaions of the time ot. or for the payment of said principal or intee+est. or any c~ange or changes in
the amount or amounts egreed to be. paid under or by virtue of the ot~ligation W paq provided tor in thi~ Note, or any ~
change or chang~ by way of release or aurrEnder ot substitution of eny real pmperty and collateral, or either, held as
secvrity for thia Note. and wai~c all and every )cind of notice ot wch e:tension or e~enaions, cbange or changes. and
agree t6at tl~e same may be made withont tbe joinder ot tbe Maker.
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/s/ Liilian Williams .
~49 P~ ~.2~.
lOM _ pu.,TX .tM. -
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