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Home My WebLink About0872 iPENw~N[NTI MORTGAGE NOTE Principal Amount: $ 3O ~ OOO. ~0 Date ot Note: J~lua!'~ Z$ ~ 3,977 Maturity Date: ORe Yea= I~tereat Rate: 8 3/4 t Amortization Period: From the day hereot to the Maturity Date. ' Inscaiment Payment: $30 ~ 000.00 plu~i f11te]Cest due Ja=luaty 27 ~ 1978 Firat Instalment Payment Date: FOB VALUE RECEIVED. the underaigned and if more than one, jointly and aeverally (the hiaker). dces hereby co~enant and promise to pay to the order of Sun Bank of St~ Lucie County or to ita suctessora or assigns (collectively the Payee). at its principal ofrce at 111 Orange Ave.. Fort Pierce, Fla. or at auch other place as the Payee may designate to the Maker in writing imm time to time. in legal tender of the United Statea~ the Ptincipal Amount together with interest et the Interest Rate on the unpaid balance of the Principal Amount The eums due and owinR hereunder ahall be payahte durin6 the Amortization Period in equal monthly inatalments. each in the amount ot the Inatalment Payment. the tirat such Inatalment Payraent to be made on the Firat Instalment Payment Date and subsequent Inatalment Payments on the fitst day of esch month thereatter until the Maturity Date whereupon the entire unpaid balance of ptincipel and interest accrued and unpaid thereon shall bc~c.~ome due and pay- able; each auch inatalment when paid shall be applied fiest to the payment o[ intereat on We unpaid balance at the In- ~ tereat Rate and the remainder thereot to payment on account ot principal_ ~ If any Inatalment Payment shalt not be paid when due. then the entire principal aum and acrrued interest here- under shall become due and payable at onee or thereatter, at the option o[ the holder of this Note. The Payee may. at ita option, rnllect a late charge not to e:ceed two eenta for each one dollar of ~ch Inatalment Payment not paid when due to reimburee the Payee tor e:peneea of aervicing delinquent Inatalment Paymenta. Failure to e:ercise these optiona shall not constitute a waiver of the right to e:ercise the same in the event of any eubaequent default. It ia further agreed that the Maker and each endorser, surety, guarantor. jointly and severally, ehall pay all costs oi ' ~ collection o[ thia Note. including a reasonable attorney's tee. on tailure to pay any Instalment Payment or any•accrued intereat due hereunder on the due date thereof_ Thia Note and all suma due her~euader shall bear interest at the higheat lawtul rate of interest per annum in the State of Florida from the date when the principal and acrrued intereat under this Note ahall be due and payable_ The total intereet payable hereunder ahall not in any one year e:ceed the highest lawful rate of intereat in the State ot Florida_ This Note is secured by a Mortgage, dated the date hereof, of property eituated in the State of Florida. I The Maker agrees that it ahall be bound by any agreement e:tending the time or modifying the above terms of payment, made by the Payee and the owner or owners of lhe property affected by aeid Mortgage. whether with or with- out noticE to the Maker, and the Maker ahall continue liable to pay the amount due hereunder, but with interest at a rate no greater than the Interest Rate, aocording to the terma of any such agreement of e:tenaion or modification The unpaid balance of the Principal Amount. plus accrued intereat ahall becoms due and payable at the option ot the Payee under the happening of an event by which said balance ahail or may becbme due and payable under the terma ot said Mortgage. This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- forcement of any waiver, change, moditication or discharge is aought_ All parties to this Note, whether Maker, principal, surety, guarantor or endoreer, hereby waive presentment tor payment, demand, ptotest, notice of proteat, and notice of dishonor, and e:pressly agree jointly and severally to remain and continue bound for the payment ot the principal and interest ptovided [or by the tetms o[ thia Note, notwithstanding any e:tenaion or extensiona of the time of, or for the payment of aaid principal or interest, or any change or changes in the amount or amounta agreed to be paid under or by virtue ot the obligation to pay provided tor in thia Note, or any change or changes by way of rnlease or surrender or substitution of any real property and collateral, or either, held as security tor this Note, and v?ai~•e all and every kind of notice of such extension or e:tensions, change or changee, and agree that the same may be made without the joinder ot the Maker. P O Box 2161 . Fort Piezce, Florida 33450 /s/ William H. Hilson /s/ Daura H. Hilson - ~~~K 2~ i P~ 857 : lCJN ?i3 - PltiJ71i~ D/ /iTA~