The URL can be used to link to this page

Home My WebLink About0865 ~~IAYANEN~1 MORTGAGE NOTE Ptincipal Amount: =3s00.00 Date o~ Note: Jafl. Zl~ 19~77 Maturity Date: x~ Interest Rate: ~ ~ ~ Amortization Period: Fmm the day hereo[ to the Maturity Date. Insta[ment Peyment: =72~~ p~ Firat Instalment Payznent Date: ~~S 1~ 1~7 FOR VALUE RECEIVED. the underaigned and ii more tha~ one, jointly and aeverally (the Makes), does hereby covenant and pmmiae to pay to the order ot Sun Bank of S~ Lueie County or to ita suecessors or asaigns (eollectively the Payee). st ita pdncipal otfice st 111 Orange Ave.~ Fort Pieree. Fia. or at auch other plaee aa the Payee may deaig~u?te to the Ddaker in v~-riting from time to time, in legal tender of the United States. the Principal Amount together with ' interest at the Intereat Rate on the unpaid balance oi the Prineipal Amount ° T1~e suma due aad owinK hereunder ahall be payaWe durins the Amortiutioa Period in equal monthly instalments. esch in t6e amount ot the Inatalment Payment~ the tirat such Instelment Payment to be made on the First Instalment Payment Date and subeequent Instalment Paymeats on the fiist day o[ each mont6 t6ereatter until the Maturity Date • whereupon the entire unpaid balance ot principal and inteeest accrued and unpaid t6ereon shall become due and pay- able; each such instalment w6en paid ahall be applied fi~st to tLe psyment oi interest on the unpaid balance at the In- terest Rate and the remainder thereof to payment on accoont of principal. If any Instalment Paytnent ahall not be paid when due. then the entire principal aum sad aocrued intetest i~ere- : under ahali become due and payable at once ot thereafter. at the option ot the halder of this Note. 1Le Payee may. at ~ ita option, rnllect a late charge not to ezc~ed tvro cents for each one dollar oE ~ch Instalment Payment not paid when _ due to reimburse the Payee for e:pensea oE servicing delinquent Instalment Payments. Failure to e:ercise theae optiona } ahall not conatitute a waiver of the right to e:erciae the same in the event of any subeequent defauli ; It ia further agr~eed that the Maker and each endazser, surety. ausrantor, joindy and severally. sball pay all costs of ° collection of this Nute, including a r~eaeonable attorney'a tee, on tailurr to pay any Instalment Payment or sny accrued interest due hereunder on the due date tlxreof. Thia Note and all suma due hereunder ahall bear interest at the hishest lawful rate o[ interest per annum in the State of Florida from t6e dete wheit tbe principa! and acrrued interest under this Note ahall be due and payahle. The total intereat payable hereunder ahall not in any one year e:ceed tbe hiahest lawful rate o[ intereat in the State of Florida. ~ This Note is aecured by a Mortgage, dated the date hereof, of pmperty eituated in the State of Florida. ~e Maicer agrees that it ahail 6e bound by any agreement eYtending the time or modifying the abave terms of ; payment, made by tM Payee and the owner or ownera of the pmperty aEEected by said Mortaage, whether with or with- out notiee to thc Maker, and the Maker shall rnntinue liable to pay the amount due hereunder, but with in4rest at a rate no greater than the Interest Rate, according to the terme of any such asreement of e:tension or modification. The unpaid balance of the Principal Amount, plus acrrued intereat ahall become due and peyable at the option ot the Payee under tM happening of an event by which aaid balance shall or may become due and payable under the terms of said Mortgage. This Note may not be changed orally, but only by an agteemeet in writi»g, signed by the party against whom en- forcement ot any- waiver, change, modi~cation or discharge is sought All parties to this Note, whether Maker, principal, surety. ~uarantor or endor~er, hereby waive preaentment for , payment, demand, protest, notire of protest, and notice ot dishonur, and ezpcessly agree jointly and severally to remain aad continue bound for the payment of the principal and interest pmvided tor by the terma o( this Note, notwithstandin6 i any e:tenaion or e:tensiona of the titne oi, or tor the payment oi said principal or interest, or any change or changes in the amount or amounta agreed to be paid under or by virtue of t~e obligation to pay pmvided tor in this Note, or any change or changes by way of release or surrender or subatitution ot any real property and collateral, or eitber, held as ' aecurity tor this Note, and w-aive al) and every kind ot notice ot such e:tension or e:tenaiona, change ot changes, and agree that t6e same may be made without t6e joinder of t6e Maker. 3u sift ac. rc r~,.~o., n.. ~S~ I.ester B. Hargrave r ~S~ ' Anita C. Hargrave _ - 8~~ 2~i~ P~ 85p ~ t r,~wr ~rs - rierr. rr, a~ ~~r i :