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Home My WebLink About0465 ~ ' re RYl1hl NT ~ ~ MORTGAGE NOTE Principal Amount: $2S ~ OOO. 00 Date ot Note: ~ January 26, 1977 Maturity Date: ~j8T1t181"~/ 2C ~ 1978 Internst Rate: $ 3/4s Amortization Period: From the day herroi to the Mawrity Date. Inatalment Payment: $25,000.00 plus interest due January 26, 1978. First Instalment Payment Date: Interest to be paid quarterly. FOR VAI.UF. RF.CEIVF.U. the urxlersigned and if more than one, jointly and severally (the ~laker). doea hereby co~•enant and promise to pay to the order of Sun Bank of St» l.ucie County or to its auccessors or axsigns (collectively the Payee). at ita principal offiea at lll Orange A~e.. Fort Pierce. Fla. or at s~1eh other place as the Pa}•ee may designate to the Jiaker in ~riting irom time to time, in legal tender of the United States. the Principal Amount together v?ith interest at the Intereat Rate on the unpaid balance of the Principal Amoun~ The suma due and owinR hereunder shaii be payable during the Amoriization Period in equal monthly inslrilmenta, each in the amount of the Inatalment Payment, the tirat such Instalment Payment to be made on ihe Firot Instalment Payment Date and subaequent Inatalment Payments on lhe tirst day of each month thereatter until lhe Maturity Date , whereupon the entire unpaid balance of principal and interest accrued and unpaid thereon ahaU become due and pay- able; each such instalment when paid ahall be applied first to the payment ot intereat on the unpaid balance At the In- tetest Rate and the remainder thereof to ~yment on account ot principal. ~ ~ If any Instalment Payment shall not be paid when due. then the entire principal aum and acrrue~ interest here- under ahall become due and payable at once or thereafter, at lhe option ot the holder ot this Note. The Payee may. at ! its option, collect a late charge not to e:ceed two centa (or each one dollar ot each lnstalment Payment not paid when due to reimburse the Payee tor e:pen~ses of servicing delinquent Inalalment Paymenta_ Failure to ezetcise these optiona = ~ ahall not rnnstitute a waiver of the right to exetrise the aame in the event of any subsequent defaulL ~i ~ It is further agreed that the Maker and each endoraer, eurety, guarantor, jointly and aeverally, nhall pay all coeta of ~ collection of this Note, including a reasonable attorney's fee, on tailure to pay any Instalment Payment or any accrued " R interest due hereunder on the due date thereot_ Thia Note and all aums due hereunder ehall bear interest at the higheat ~ lawfu! rate of intereat per annum in the State ot Fiorida from the date when the principal and accrued interest under i f thia Nole shall be due and payable. The total interest payable hereunder shsl! not in any one year e:ceed the highest i tawful rate of interest in the State of Florida. F ~ ~ This Note is aecured by a Mortgage, dated the date hereof, oE property situated in the State of Florida. i I I The Maker agrees that it shall be bound by any agreement extending the time or moditying the above tem~s of ~ i payment, made by the Payee and the owner or awners of the property atfected by said Mortgage, v`hether with or with- ~ out notice to the Maker, and the Maker shali continue liable to pay the amount due hereunder, but with interest at a ~ rate no greater than the Interest Rate, acrording to the terms of any such agreement of e:tenaion or modification. ~ The unpaid balance of the Principal Amount, plus accrued intereat ahall become due and payable e~ ihe option of ' ihe Payee under the happeninR ot an event by which said balance shal! or may become due and payabie under the terms i i of said Mortgage. ' i i ~ This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- i torcement of any waiver, change, modification or discharge is sought. i ~ ~ AU partiea to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment for ~ payment, demand, protest, notice of prot~t, and notice of dishonor, and e:presaly agree jointly and se~•erally to remain ~ and continue bound for the payment of the principal und intereat provided for by the terms of thia Note, notwithstanding f any eztenaion or e:tensions of the time of, or for the payment ot said principal or interest, or any change or changes in ~ the amount or amounta agreed to be paid under or by virtue oi the obligation to pay provided for in thia Note, or any - ~ change or changes by way of _release or surrender or aubstitution of any real property and collateral, or either, held as ~ aecurity tor thia Note, and wai~•e all and every kind o( notice ot such e:tension or e:tensions, change or changes, ar.d E agree lhat tbe same may be made without the joinder of the l~taker. f Box 3430 JACOBSON-REA, I,1C. for*:?erly Fort Pierce, Florida 3345~ JACOBSON DOD~E, INC. b~ /s/ Donald E. Jacobson . President by; /s/ John R. Rea ' -Sec e a ea urer ~ GL1,i~1'~~/{3 l~iJ~ l_flM ii! - iP.:f::l: D7 .4..TAP! . ~ _ . . . _ _ . . . ~ _