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Home My WebLink About0295 t ~ ~r(qY~NEHT1 ~ . ' MORTGAGE NOTE ! Princi~al Amount: s120~ 000. 00 Date or Noe~: J~~ Z~ 1976 ~ ~ Meturity Date: TeL Y~7?!• ~ 1 Interest Rate_ 9 ~ Amortization Period: From the day hereot to the Maturity Date. ' t Inatalment Payment: =1 ~ Z 17. 20 (120 pay.ments of sl Z17. 20 per month beginnin~ ~ July 1, 1976; at the end of LO years a halloon ~ flrat Instalment Payment Da(a. J1~I~ 1, 1976 payment of the balance due plus interest will ~ due aad payable.I ; ~ s FOR V~LL'E RECEIVED. the undersigned and if more than one, jointly and severally (the biaker). dces hereby ~ co~enunt and promise to pay to the order ot Sun Bank of St~ Lucie County or to its successors or asaigns (collectively the ' Yayee). at its principal office at 111 Orange Ave.. Fort Pierce. Fla or at such other place as the Payee may deaignate ~ to the Maker in W riting from time to time. in legal tender of the United States, the Principal Amount together v~1th ~ interest at the Intereat Rate on the unpaid balance of the Principal Amouni ~ i The sums due and owinR hereunder shall be payable during the Amortization Period in equal monthly instalments. ~ each in the amount ot the Instalment Payment, the tirat such Instalment Payment to be made on the First InaLalment Payment Date and aubsequent Instalment Paymenta on twe tirst day ot each month thereaiter until the Maturity Date - ~ whereupon the entire unpaid balance ot p=incipal and interest accrued and unpaid thereon shall be~.~ome due and pay- i able: each such instalment when paid elwll be applied fi~at to the payment o[ interest on the unpaid balance at the In- 1 terest Rate and the remainder thereof to payment on account of principal. i t If any Instalment Payment shall not be paid when due, then the entire principal aum and accrued interest here- ~ under shall become due and payable at once or thereafter, at the option of the holder of this Note. The Payee tnay, at } its option, collect a late charge not to exceed two centa tor each one dollar of each Inatalment Payment not paid when j due to reimb~rse the Payee for e:penses of servicing delinquent Inatalment Paymenta Failure to ezercise theae optiona i shall not constitute a waiver oi the right to exercise the same in the event of any subaequent default. ~ It is further agreed that the Maker and each endorser, surety, guarantor, jointly and severally. ahall pay all coets of ~ collection of this Note, inctuding a reasonable attomey's tee, on failure to pay any Inatalment Payment or any acerued interest due hereunder on the due date thereof. This Note and alt auma due hereunder ahall bear interest at the highest i lawful rate of interest per annum in the State ot Florida trom the date when the principal a:?d accrued interest under ~ this Note ahall be due and payable. The total interest payable hereunder shall not in any one year exceed the highest ' lawtul rate ot interest in the State of Florida. This Note is secured by u Mortgage, dated the date hereof, of property aituated in the State of F7orida. The Maker agrees that it shall be bound by any agreement e:tending the time or modifying the above tetma of payment, made by the Payee and the owner or owners of the property af[ected by aaid Mortgage. whether with or with- out notice to the 1~laker, and the :~faker shall continue liable to pay the amount due hereunder, but with interest at a rate no grnater than the Interest Rate, according to the terms of any such agreement of e:tension or modification. ~ E The unpaid balnnce of the Principal Amount, plus accrued interest ahall become due and payable at the option of the Payee under the happening of an event by which said balance shall or may berome due and payable under the tem?s of said Mortgage. This Note may not be chanqed orally, but only by an agreement in writing, signed by the party against whom en- forrement o( any waiver, chanqe, modification or discharge is sought. All parties to this Note, whether Maker, principal, surety, guarantor or endorxr, hereby waive presentment for F payment, demand, protest, notice of prolest, and notice of diahonor, and e:pressly agree jointly and severally to remain S and continue bound tor the payment oi the principal and interest provided tor by the tetme of t6is Note, notwithetanding - ~ any extension or eYtensions of the time ot, or (or the payment flt said principal or interest, or any change or changea in ? the amount or amounts agreed to be paid under or by virtue ot the obligation to pay provided for in t6is Note, or any ' chan e or changes b wa of release or surrender or substitution of an real ~ q y y y property and collateral, or either, held as security for this Note, and w~aive all and every kind of notice of such eztension or extensions, change or changes, and = agree that the same may F~e made without the joinder of - the Maker. f ; [ S ~ i t /s/ Edmund M. Radke ~ ~ /s/ Doris M. Radke 4 i _ fs/ Michael B. Kane, III ~ ~ ~ / s 1 Ka ren F. Kane ~ ~ a a ~ r i 253 fAf;E ~~J trAV 3za - er•r.~~; er ar,vs 5 w~ - 5 - _ ~ ~ y"`~~ '~,4. . . _