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Home My WebLink About0605 .v~qu~Ntat. Y=-y~ ` MORTGAGE NOTE Principal Amount: OOO . 04 Date o( Note: J uly 22 ~ 1976 Maturity Date: ~z':~r~'~ Year~ _ - lntereat Rate: 9~a Amortization Period: From Ihe day hereot to the Maturily Date. Instalment Payment: $$~5.00 ~lus interest due on Pebruary 1, 1977 and ~335.00 plus interest due each six nwnths First Instalrnent Payment D~te- t}l~red i t@T untf 1~aid in f Llll. . FOR VAI.L'F. RECEI\'F.U, the undersiRned and if more than one, jointly and severally (the \Iaker), does hereby co~•enant and promise te pay to the order of Sun I3ank of St. Lucie County or to its successot~s or assigns (coUectively the Yayee). at its principal office at 111 Orange A~e., Fort Pierre, Fla. or at such other place as the Payee may designate to the 5iaker in ~~riting from time to time, in legal tendet of the L'nited States. the Principal Amount together With internst at the Interest Rate on the unpaid Lalunce of the Principal Amount. The sums due and owinR hereunder st?all be payable during the Amortization Peri~d in equai monthly instalments, each in the amount ot the Instalment Payment, the first such Instalment Payment to be mnde on the First Instalment Payment Date and subsequent Instalment Paymenta on the (irat day ot each month thereatter until the Maturity Date vvhereupon the entire unpaid balance of principal and interest accrued and unpaid thereon shall. become due and pay- able; each such instalment when ~id shall be applied first to the payment ot interest on the unpaid balance at the In- terest Rate and the reinainder thereot to payment on account of principal. If any Instalment Payment shall not be ~~id when due, then the entire principal sum and acrrued intereat here- under shall become due and payable at once or thereaiter, at the option of the holder o[ this Note. The Payee may, at its option, collect a lnte charge not to exceed two cents for each one dollar of each Instalment Payment not paid when due to reimburse the Payee for ezpenses of servicing delinquent Instalment Payments. Failure to exemise these options shall not constitute a a•aiver af the right to exercise the same in the event of any subsequent defautt. It is turther agreed th:~t the rlaker and each endorser, aurety, guarantar, jointly and ee~•erally, shaU pay all costa of collection of this Note, including a rea~onable attorney's fee, on failure to pay any Instalment Payment or any accrued interest due hereunder on the due dnte~ thereof. This Note and all sums du~ hereunder shall bear interest at the highest lawful rate of interest per annum in the State of Florida trom the date when the principal and acrrued interest under this Note shalt be due and payable. The total interest payable hereunder shali not in any one year exceed the highest ! lawful rate of interest in the State ot Florida. i I This Note is secured by a Mortgage, dated the date hereof, of property situated in the State of Florida. ; The ~taker agrees that it shall t~e twund by any agreement e:tending the time or modifying the nbove terms of payment, made by the Payee and the owner or owners of the property attected by said Mortgage, whether w~th O[ K1«I- i out notice to the t~1aker, and the :11:~ker shall continue liable to pay the amount due hereunder, but w~th interest at a s rate no Rreater than the Interest Rate, acrordinQ to the terms of any such agreement of e:tension or modilication. E ~ The unpaid balance of the Principal Amount, plus acrrued interest shall becrome due and payable at the option of ; the Payee under the happening of an event by vvhich said balance shail or may become due and payable under the terms ` of said MottQage. ~ ~ This I`'ote may not be chanQed orally, but only by an agreement in writing, signed by the patty against whom en- (orcement of any waiver, chanRe, modifi~•ation or discharge is sought. ~ e All parties to this Note, whether Maker, ~rincipal, surety, guarantor or endorser, hereby waive presenlment for a payment, demand, protest, noti~•e nf protest, and notice of dishonor, and expressly agree jointly and severally to rnmain f Y and continue bound tor the E?ayment o( fhe principal and interest pmvided for by the terms of thia Note, notwithstanding 5 any extension or extensions ot the time of, or for the payment of said principa) or interest, or any change or changes in ~ the amount or amounts aRreecl to 1?e paid under or by virtue of the obligation to pay provided tor in thia Note, or any ~ change or changes by way of release or surrender or substitution oi any real ptopetty and collateral, or either, held as ~ security for this Note, and wai~-e all and e~•ery kind of notice of such eztension or e:tensions, change or changes, and i agree that the same may be made without the joindet of the !1laker. 5 5093 :~iarcia Place ::est Palm 3cac~1, ~'loric~a 33407 - ~ y z ~ /s/ James J. Gibbons 5 /s/ Brenda M. Gibbons r - - - ~ ~ ~ fi ~ FY7M i7! - ~F:.~::l; 9' +t4.~ ~ ~ ~ ~ ZJV ~~i~f ~ ~ ~ ° , - , : , ~ . - = - ~ _ - - _ _ . _ _ _ ~