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Home My WebLink About0945 ~ ~ rENMAN[Ml ~ i . i MORTGAGE NOTE ; ~ ~ PrinciPal Amount: S 8~ 500. 00 ~ No~: June 7~ 1976 Maturity Dete: ~5 Ye3Y~ Interest Rate: 9 ~ - E Amortization Period: Fmm !he day hereo[ to the Maturity Date. ~ a Inatalment Payment: $ 86 . Z Z ~ First Inatalment Payment Date: July 1Q ~ 1976 ! FOR VALU~ RECEIVED. the undetsigned and if more than one. jointly and severally (the ~iaker), doea hereby co~enant and pmmise to pay to the order of Sun Bank of S~ Lucie County or to its successora or assigns (collectively the Payee), at its principal office at 111 Orange Ave.. Fort Pierce. Fla. or at such other place as the Payee may designate i to the Maker in w~riting from time to time, in legal tende: of the United States. the Principal Amount together with interest at the Interest Rate on the unpaid balance of the Principal Amoun~. The sums due and owinR hereunder ahall be payable during the Amortization Period in equal montlily instalments. each in the amount ot the Inatalment Payment, the tiret such Instalment Payment to be made on the First Instalment Payment Date and aubsequent Inetalment Paymen~s on the tirst day ot each month thereatter until the Maturity Date whereupon the entire unpaid balance of pri~cipal and intereat accrued and unpaid thereon ahall become due and pay- ; able; each such instalment when paid shall~ be applied ~rst to t6e payment of intereat on the unpaid balance at the In- terest Rate and the remainder thereof to payment on account of principal. ~ d If any Instalment Payment shali not be paid when due, then the entire principal sum and accrued interest here- € under shall beeome due and payable at once or thereatter, at the option of the holder of this Note. 1'he Payee may. at ~ its option, collect a late charge not to e:ceed two cents for each one dollar of each Instalment Payment not paid when due to reimburse the Payee tor e:pen.ses of servicing delinquent Instalment Paymenta. Failure to e:errise these optiona ! ahall not constitute a waiver of the right to exemise the same in the event of any subsequent defaul~ i ' 4 It is further agreed that the Maker and each endoraer, aurety, guarantor, jointly and eeverally, shall pay all coeta o[ ~ collection o[ this Note, including a reasonable attorney's fee, on failure to pay any Instalment Payment or any accrued interest due hernunder on the due date thereof. This Note and all sums due hereunder shall bear interest at the highest lawful tate of interest per annum in the State of Florida from the date when the principal and acctued interest under this Note shall be due and payable. The total interest payahle hereunder shall not in any o~ year ezceed the highest lawful rate of intereat in the State of Florida. ~ This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. ; The Maker agrees that it shall be bound by any agreement extending the time or modifying the above terms of ! payment, made by the Payee ar,d the owner or owners of the property atfected by said Mortgage, whether with or with- ~ out notice to the Maker, and the Maker ahall continue liable to pay the amount due heteunder, but with interest at a ~ f rate no greater than the Interest Rate, according to the terms of any such agreement of e:tension or roodification. ~ 1 ~ The unpaid balance of the Principal Amount, plus acerued interest shall become due and payable at the option of ~ ~ the Payee under the happening of an event by which said balance ahall or may beco~ due and payable under the terms ~ _ of said Mortgage_ _ ~ ~ ~ This Note may not be changed oraliy, but only by an agreement in writing, signed by the party againat whom en- ' ~ torcement of any waiver, change, modification or discharge is sought. ; ~ All parties to this Note, whether Maker, principal, surety, guarantor or endoraer, hereby waive presentment for ~ ~ payment, demand, proteat, notice o[ protest, and notice of diahonor, and e:presaly agree jointly and severally to remain ~ ~ and continue bound for the payment of the principal and interest provided tor by the terms ot this Note. notwithstanding ' 1 any e:tension or e:tensions o[ the time of, or for the payment ot said principal or interest, or any change or changes in ~ the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided for in this Note, or any ; ~ change or changes by way of release or surrender or substitution of any real property and collateral, or either, held as ~ y security for this Note, and waive all and every kind of notice of such e:tension or extensions, change or changes, and 1 ~ agree that the same may be made virithout the joinder of the Maker. ? 1123 !iarabelle Avenue _ Fort Piercc, Ploricia 3345~ ~ `a ~ /sj Marvin E. Melton ~ ; ~ ~ 5 i ~ ~d /s/ Victoria W. Melton ; a S ~y . 4 ~ j ¢ . ~ iT • ~ ~ E ~ 253 r~~~ 944 ~ ~ !:AI 92J - FRIfTiY. !7 NLAtA ~ # ~ r - - . ~ - _ . . . _ . _ ~ . . . _ _ . ~ . _ " -3:~~