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MQRTGAGE NOTE .
principal Amaunc: $1200.00 Date ot 1Vote~: ApYil 8, 19T6 .
~t~tu~ty ~r~: 10/6/80 • :
Iaterest Ratc: ~~'S~
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Aa?orti:a4on Period: F~om ths day hereot to the blaturily Date. •
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Instalment Pa~rment: 571.80 per month baginninq Apri~ 1979, intere~t - ;
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F'irat Instal~nent Pay~nent Date: t0 ~ j~8it1 on ~ quarterly baais unti2 payraen~o begin ~
April S, 1~79 - ~
- FOR VALUE RECEIVED. the undersigr:ed and if more than one. jointly and severally (the Diakerl. dcea hereby ~
cover.ant and proinise to pay to the ordes ot Sun Bank of S~ Lueie County or to ita successors or aasigt~s (~ollectively the ;
Payee). at ib principal office al 111 Oranqe Ave.. ForE Pierce. Fla. or at auch otl~er plaee a.s the Payee may designate ;
to the Maker En writing fror~ time te Lime. in legal Lender of the United States~ ti~e Principal Amount together with !
intereat at the Interest Rate on the unpaid tialance oi tae Principal Amount ~
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~c ~:~au ~.t~ ar..! u+vinR hareaiedez ahal{ hr ~mye1_+!4 .ior~n~r t1~e A.norti=ation Yeriod in equai monthly insiatmenia. ~
each in the amount of tiee Instalment Payment. the tirst such Inatalment Payment to be made on the First Instalment ~
Payment Date und subsequent Inntalment Payments on the tirst day of euch montb thereafter until the Maturity Date f
whee~eupon the entire unpxi~ balanc~ oi pnqcipa's snd inir~~€a€ :sc:-:.:~ at..~. ::n~: i3 t~::~-_n ~h~?t ~sne due and par•- ~
abie; esch such instalment when paid atu.ll be applied [irst to the payment of intereat on the unpaid ba;ance at the In-
tetest Rate and the remainder thereef to payment on account of principal. ~
- !f any Instalment Payment shall not be paid when due. then the entire Principal ~wn and acrrued tntetes~ 1~ere' ~
under shall became due and payabte st once or thereafter. at the option of the holder of this Note. The Payee :ney. at ~
its option, collect a late charge r.ot to e:ceed two centa tor esch ane dollar of e~ch Instalment Payn?ent not paid whea #
nue to reimburae the Payee [ur expenses of sen+icing delinquent Instalment Paymenta. Failure to exerci~e these options t
shall not constitute a waiver o[ the right to e:errise ths same in the event of any subeequent defaalt '
It is turther a that the Maker and each endorser, surety, ~uarantor. jointly anr: severally; ahall pey all coets of ~
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collertion of thia Note, including a reasonable attorney s fee, on tailure to pay uny Instalment Payment or any accrued ~
internst due hereunder on the due date thereof. This Note and all suma due he:eunder ahall bear iaterest at tUe highest ~
lawful zate of interest per annum in the State of Florida tmm the date when the priacipai and a+.~crued interest under ~
:.;;s iz ;,'s~ti be as~ and ~:~j-•••~P_ T~P ~OLA~ iniereat uayabte hereunder shalt not u? any one year exceed the higbest
lawful rate of interest in the State of Fiorida. - ~
This Note ia secured by s Mortgage, dated the date hereof, of property situated in tLe St,~ete of Ft~rida. ~
I! The btaker a6rees ihat it shall be bnund by any so~reemenf e:tending the time or modifying the above ternia of ~
j payment, made by the Payee and the owner or owaers of the property atfected by aaid Mortgage, whether vrith or with-
E ,out notice W the Muker, and the Maker shal! rnntinue liable io pay the amount due hereunder. but vr'th internst at a ~
! rate no greater than the Interest Rate, aecording to the terms_ of any auch agreement of e:tenaion or mrdiGcation. ~
f The unpaid balance of the Principal Amount: plus accrued interest shall hecoine due and payable at the option ot ~
~ the Payee under lhe hapQening of an event by which aaid balance ahap or may becoroe due and payabte under the terma ~
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of said Mort~e.
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This N~Le may r~ot be changed orally, bul oniy by an agteer~ent in writing, signed hy the party againat whom en- ~
forcement ot ar+y waiver. change, modification or disch~rge is aoup.h~ ;
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All parties to this Note, whether Maker, principal, surety, quarantor or ew.doiaer, hereby waive ~resentment for ~
~y-r.-ri-,-.t, demand, protest, notire ot protest, and notice of dishonor, and ~:pressly agre~ jointly and aeverally to remain ~
- ar~d coatir.~~ !~e*d ~or ti~ papment of the principal and interest provid^_d tor Ly t6e lerma of this Note. notwith$fanding ~
any eztension or extensione of the time ot, or tor ttse payment of saic! giincipal or interest, or any change or changes in
the amount or aawunta agreed to be paid under or by virlue of the obligation to pay provicled tor in thia Note, or any ~
change or c3~angea by way of re)ease or surrender or aubetitution of any real property and collateral, or either, held aa j
security tor this Note, and w•aive all and every kend ot noti:e of such eYtension or eztensions, change or changes, aad ~
aqree that the aame may he made without the joinder of the Malcer. i
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20US Narth 32~s: Str~et
Fort Fferce, Florida 33450 ~
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- t~lilliarn Dud~ ey ~
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~ /s/ Eunice Dudley ;
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r.,w~ !sa - r~trt;~c a~ur F!•t f.r~~
y~~y? ' ~x' 3 'LF"%'G~ ~r " 4 . Y~ ~T.i-~y~
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