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Home My WebLink About0026 IY[NMAN[N~1 MORTGAGE NOTE Principal Amount: S3O ~ OOO • 00 Date of Note: JU21e Z~ ~ 1976 Mecuricy nece: Fittean Yeara • • Intere3t Rate: 8~S Amortization Period: From the day hereof to the Maturity Date. - Instalment Payment: $295. ~3 get I~IOA~I First Instalment Payment Date: ~n~Ot 1~ 19? 6 FOA VALUE RECEIVED, the undersigned and if more than one. jointly and severally (the ~Iaker). dces hereby co~enunt and promise to pay to the order of Sun Bank of S~ l,ucie County or to its successors or assigna (collectively the Payee). at its principal office at 111 Orange Ave., Fort Pierce. Fla. or at such other place us the Payee may designate to the Ddaker in w~riting from time to time, in legal tender of the United Statea. the Principal Amount together w~th + intereat at the Intereat Rate on the unpaid balance of the Principal Amoun~ The sums due . and owinR hereunder shall be payable during the Amortization Period in equal monthly inatalmenta, each in the amount ot the Instalment Payment. the tirst auch Inatalment Payment to be made on the Fi~at Inatalment Payment Date and subsequent Instaiment Payments on We tirat day ot eac6 month thereafter nntil the Maturity Date whereupon the entire unpaid balance of pri~tcipal and interest accrued and unpaid thereon shall become due and pay- able; each such inatalment when paid shalt be applied tirst to the payment of interest on ttie unpaid balance at the In- terest Rate and the remainder thereof to payment on account of principal. If any Instalment Payment shaU not be paid when due, then the entire principal sum and accrued intereat here- under shall beeome due and payable at once or thereafter, at the option of the holder of this Note. The Payee may, at ita option, collect a late charge not to e:ceed two cents for each one dollar of each Instalment Payment not paid when due to reimb~rae the Payee tor expenses of aetvicing delinquent Instalment Paymenta Failure to exerciae these options shall not constitute a waiver of the right to exercise the same in the event of any subaequent defaulk It is further agreed that the Maker and each endorser, surety, guarantor. jointly and eeverally, ehall pay all coets of rnllection of this Note, including a reasonable attomey's fee, on failure to pay any Instalment Payment or any accrued iriterest due hereunder on the due date thereof_ This Note and all sums due hereunder ahall bear interest at the higl~est lawful rate of interest per annum in the State o( Florida from the date w}ien the principal and accrued interest under this Note shall be due and payable. The totai interest payable hereunder shall not in any one year ezceed the highest lawful rate of interest in the State of Florida. i ~ This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. ~ k ' The Maker agrees that it shall be bound by any agreement extending the time or modifying the above ternu of ~ payment, made by the Payee and the owner or ownera of the property atfected by said Mortgage, whether with or with- ~ out notice to the Maker, and the Maker shall continue liable to pay the amount due hereunder, but with intereat at a . ~ rate no greater than the Interest Rate, according to the terms of any such agreement of extenaion or modification. ~ The unpaid balance of the Principal Amount, plus acrrued interest shall become due and payable at the option of ~ the Payee under the happening of an event by which said balance shall or may become due and payable under the terms of said Mortgage. This Note ma; cti.~~~~ e*at~y, hnf only hy an agreement in writing. signed by the party againat whom en- forcement of any waiver, change, modification or discharge is sought_ ~ All parties to this Note, whether Maker, principal, surety, guarantor or endorser. hereby waive preaentment for ~ayment, demand, prolest, notice of protest, and notice oi dishonor, and ezpre9sly agree jointly and severally to remain and continue bound tor the payment of the principal and interest provided tor by the terms o( this Note. notwithatanding any e:tension or eztenaions of the time of, or tor the payment ot said principa) or intereat, 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 chang~ or changes by way of release or surrender or substitution of any real property and collateral, or either, held as security (or this Note, and ~saive all and every kind of notice ot such extension or e:tensions, change or changes, and ~ agree that the same may be made without the jQinder of the Maker. ~ ~ Addreas: ~ 2515 Chesterfield Driv~ ~ Pozt Piarce, Florida 33450 ~ (signed) Carlton W. Fard ~ J (signed) Grace C. Ford ~ ~ ~ ~ , ~ ~ ~ ~ 25~ ~l~[ ~ , ~ rcrsr a:s - rwrrr~~ er ~cuv ~ _