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Home My WebLink About0550 _ - . , _ . _ i ~ . ~r[AYAN~M~1 * ' ~ ' ~ MORTGAGE NOTE ~Pa~ ~~c: 500. 00 Daee ot Nocs: Oc~ob~s 20. 1976 Matusity Date: 'r~ Y~=~ Interest R,~te: y~ Amortizsti~ Period: Fenm the day hereot to the Maturity Dete. in.c~u~~~ ~~a~: ~s88.68 Ftirst Instala~ent Payment Date: DK~e~b~s 1~ 1976 FOR VALUE ItECEIVED. the undenigned and if more than one. joinUq u~d aeverally (the Maker). doea hereby co~enant and proenise Lo psy to the order ot Sun Bank of St Lacie County or to ita aueeessors or aaaigna (coUectively the Payee). at ib prineipsl otfiee at 111 Osange Are.~ Fort Pieree~ Fla. or st auch other plsee as the Payee msy.~deiignste to the ~aker in writing irom time to tlme. in legsl tende: oi the United 3tatea, the Principsl Anwunt together wnth interest at the Intere~t Rate on the unpaid balsnee of the Principal Amo~u?i Tf~e aums due and owirut hereunder shail be peYable durina tLe Amortisetion Period in equal monthly instalments. eacb in the amount ot the Instalment Payment, tl~e tirst wch Imtalment Peyment to be made on the Fint Instalment ~armeat Date and wb~equent Indalment Paym~nb on tbe tud dsy ot eac6 mont6 thenatter until the Maturity Date whereupon tbe eatirs unpaid belanee ot priacipal aad intere~t aecnied and unpaid tbereon ~hail become due and paY- able: each wch inslalment w6eu paid shall be applied tirst to ebe psyment ot interest on t6e unp~id balance at tbe In- terest Rate and tLe remainder thereof to paymeat on account ot principal. I[ any lnstalment Payment shalt not be paid wMn due. then the eatire priacipal aum and aoctued interat bere- under ahall beco~e due and payable ae aroe or tbenafter. at We option d ths hoNer of this Note. TLe Payee cnsy. at its option, oollect a late chsr~e not to e:ceed two cenq [or each one dollar oE esch Instalment Payment not paid when due fo reimburse the Payee tor e:penses of ~ervicin~ delinquent Instalment Payments. Failure to e:eerise theee optiaas ahsll not rnnstitute a waiver of the riaht to e:ercise the same iA the event of any wb~equent deteult It is tuitt~er agreed that tLs Maker and oech endorser. surety. suarantor. joindy aad ~everelly. sl~all pay sll costa of rnUection ot this Note, iaciudina a reawnable attorney's fee. on failure to psy any Instalment Payment or any aocrued iaterest due hereunder on the due date tliereof. This Note aad all sums due hereunder shalt bear interest at the hi~best lawful rete ot interest per annum in tbe 3tata o[ Florida fenm the date whea the p~incipal epd aocrued interest under this Note sl~aU be due and payab4. The total iater~t payabk hereunder aball not in any one year ezoeed the hi6hest lawful rate o[ intenat in tl~e 3tate of Florida. This Note is aecured by a Mort~e. dated the date henof. o[ property ~ituated in the 3tate ot Florida. . Tbe Maker agreea that it ehaU be bound by any aareement e:tendins the time or modifyin8 tbe abave terms oE ~ ' payment. made by the Payee and the owner or owaen ot the property a[tected by ~aid Mottaa6e. whether with or with- ! out notioe to tbe Maker, and the Maker shall continue liable to pay the amount due hereunder. but with in4rest et a ~ rate no sreeter than the Interest Rate. aecordins to the terms ot any such asreemeat ot e:tension or modification. ~ The unpaid belance of the Principat Amount. plus accn~ed interest shall becoa~e due and payable at t2~e option ot the Peyce under the happenins of an event by which said b~lancc shall or may become due and peyable under the tetms ~ ot ea'id Mortgage. ~ Thi~ Note may not be changed orally. but only by an agreement in writina, aigned by the party against wlam en- torcement ot eny waiver, chanae, moditication or discharge.is soughk ~ ~ All parties to this Note, wbether Maker. principal, surety. 6uarantor or endorser, hee+eby waive peesentment tor payment, demand. pmteat, notice ot protest, and notioe of disbonor, and e:prenly aaree jointly and ~everally to remain and continue bound for the peyment o[ the principal and interest provided for by tbe tern~s o[ thia Note. notwithstandins any enen~ion or eztensioiu of the time of, or for the p~yment of aaid principal or intere~t. or any chanse or chanses in tbe aanount or amoun4 a~reed to be ~id under or by virtue ot tbe obligation to pey provided for in Wis Note, or any c6anse or chenaes by way ot release or aureender or substitution of any real property and collateral, or eit6er, held as securitq tor thia Note, and vraive all and rvery kind of notice ot wcb e:tension or esteruions, chanae or chanaea, And agree that We seme mey be nnade without tLe joinder of t6e Maker. ~ ~ Pri~rile~e ot pr~ps~ment oi all . or snr psrt at snT tiaie is berebY ~ granted withont penslt~?. [ ~ - / s / Katie Bailey ~ ~ . f ~9 P. ~ a~ e ~ c -rz~( ~ c r ~ _ ~..~.r ~_Q..7i.'~ r~n eot» ~J~ ~~+t;E ~JrJ