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Home My WebLink About0166 ~ . _ i .olRM~HENT~ f ) ~ t ~ MORTGAGE NOTE f ~ Principal Amount: $12 ~ 000. 00 Date ot Note: September 16 ~ 1976 Maturity Date: Tan Years intere~t Rate: t • ~ Amortization Period: From the dny hereof to the Maturity Date. i t Inetalment Payment: $ j ~ ~j 7 ~ ~ Firat lnatalment Payment Date: NOV@lit~@I' I5~ 1976 e FOK YAI.L'E RECEIVED, the undersigned and if more than one. jointly and severally (the blsker). does hereby co~~enunt and promise to pay to the order of Sun Bank of St. Lucie County or to its successors or assigns (collectively the _ Payee), at its principal office at 111 Orange Ave., Fort Pierce, Fla. or at such other place aa the Payee may deaignate to the ~taker in writing fmm time to time. in legal tender oi the United States, the Principal Amount together with intereat at the Interest Rate on the unpaid balance of the Principal Amounk. ~ The sums due and owing hereunder ahrill be payable dunng the Amortization Period in equal monthly inatalments, each in the amount ot the Inatalment Payment~ the first such Instalment Payment to be made on the Firat Instalment Payment Date and aubsequent Instalment Paymente on the fitat day of each month thereafter until the Maturity Date whereupon the entire unpaid balance ot principal and interest accrued and unpaid thereon ahall be~.~ome due and pay- able; each such instalment when paid shall be applied tirst to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereot to payment on account ot principal. If nny Instalment Payment shall not be paid when due, then the entire principal aum and accrued intereat here- j under shall become due and payable at once or thereafter, at the option of the holder of this Note. T6e Payee may. at ~ ita option, collect a late charge not to e:cPed two centa tor each one dollar ot each Inatelment Payment not paid wben ; due to reim6urse the Payee tor expenses of servicing delinquent Instalment Payment~ Failure to exercise theae options shall not constitute a waiver ot the right to ezerciee the same in the event of any aubeequent defauli + . t It is further agreed that the bfaker and each endoner, aurety, guarantor, jointly and severally, e6a11 pay all costs of i collection of this Note, including a teasonable attorney a fee, on failure to pay any Inatalment Payment or any acerued ~ interest due hereunder on the due date thereof. This Note and all auma due hereunder ahall bear interest at the highest lawful rate of interest per annum in the State of Florida from the date when the ptincipal and accn~ed intereat under this Note shalt be due and payabte. The total intereat payable hereunder ahall not in any one year ezceed the highest ~ lawful rate o( interest in the State ot Florida. ~ This Note is secured by a Mortgage, dated the date hereof, of property situated in the 3tate of Ftorida. Tt~e Maker agrees that it shall be bound by any agreement extending the time or modifying the above terma of payment, made by the Payee and the owner or ovmers of the ptoperty af[ected by eaid 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 e:tenaion or modi~cation. The unpaid batance ot the Principa! Amount, plus acrrued interest shall beoome due and payable at the option of ; the Payee under t~-.e happening of an event by which said balance ahall or may become due and payable under the ternu i of said Mortgage. i ~ This Note may not be changed oraily, but only by an agreement in writing, signed by the party againat whom en- C forcement of any waiver, change, modi[ication or dixharge is sought. € ~ ~ All parties to this Note. M~hether Maker, principal, surety, guarantor or endorser, hereby waive presentmeat for payment, demand, protest, notice of protest, and notice of diahonor, and eYpre~ly agree' jointly and eeverally to remain ~ and conlinue bound for the payment ot the principal and intereat provided tor by the terms of thie Note, notwit6standing any extenaion or e:tensions of the time ot, or for the payment of said principal or inteteat, or any c6ange or changea in ~ the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided (or in this Note. or any i change or changes by w•ay o( mlease or surrender or subatitution of any real property and collaterai, or either, held as ~ security tor thia Note, and wai~-e all and every kind ot notice of such e:tension or e:tenaiona, change or changes, and agree that the same may be made without the joinder of the Maker. , OLEANDER AVLi3tJI; CiiURCN OF GOD i 950 Tauigelo Terrace Fort Pierce, Florida 33450 b~~ '/s/ C H Allen Trus tc:e ~ . bY s/ Pete M B rown ' Trustee P ~ b Ray M Hogan ' ~ ~ ~i t Y ~ Trustee rc+n ~z~ - Fr,tr,l~c e~ ezara