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Home My WebLink About0003 i ~ ?[Aw~rat~+r ~ MORTGAGE NOTE w~n~: S18, 000. 00 oate ot Note: ~=ch 3, 197T Maturity Date: 7 Ye~s Intecest Rate: 9 ; ' Amortisation Period: Fran the day hereot to the Maturity Date_ I,~sca?mene Peymenc: S 28 9. 61 Firat instalment Payment Date: t?p]ell 15 ~ 1977 ; ~ ~ FOR VALI~E RECEIVED. the underaigned and if more than one~ jointly and severally (the ~iaker). dces hereby eo~enant and pmmiae to pay to the order oi Sun Bank oi S~ Lucie County or to ita aueceasors or assigna (eollectively the ~ Psyee). st i!s pancipal ofCce at 111 Orange Ave.. Fort Pierce. Fla. or at such other plue aa the Payee may designate ~ to the Maker in ~riting irom time to time. in legai tendei oi the United States, the Principal Amount together with ~ ~nterest at the Intereat Rate on the unpaid balance of the Principal Amount ~ ~ The ewne due and owinA hereunder ahall be peyable durins the Amortization Period in equal monthly instalmenta. ~ each in the amount ot the Instalment Payment, tl~e (irst auch Instalment Payment to be made on the Firat Instalment f Payment Date and subsequent Inatalment Paymenb on the tirst day o[ each month thereatter until the Meturity Date i w6ereupon tbe eatire unpaid balance ot priqcipal and intereat accrued and unpaid thereon shall become due and pay- able; eac6 wc6 instalment w6en paid ahall be applied Crst to the payment o[ intereat on the ur?paid balance at tlie In- terest Rate and t6e remainder thereoi to payment on account ot principal. - ~ If any Instalment Payment shall not be paid when due, then the entire princi{ial sum-and aocrued intereat here- ! under s6all becorne due and payabie at once or thereafter, at the option of the-holder o~diis Note. The Payee may, at its option, collect a late charge not to e:oeed two cents for each one dollar of e~ch Insfalment Payment not paid when due to reimburse the Payee tor e:pensea ot eervicinB , delinquent Inatalment Payments. Failure to e:ercise these options ahall not coastitute a waiver of ihe right to e:ercise the same in the event of any subsequeat default It is further agreed that the Maker and each endoreer, surety, guacantor. jointly and severally. ahall pay all costs of coUection of this Note, including a reasonable attorney's fee, on tailure to pay any Instalmeat Payment or any accrued interest due hereunder on the due date thereof. This Note and all auma due hereunder ahall bear intereat at the highest ~ lawful rate of interest per annum in the State. of Florida tmm the date when the principal and accrued intereat under this Note shall be due and payable. The total interest payable hereunder ahall not in eny one year exceed the highest ; lawful rate o[ intereat in the State ot Florida. T6is Note ia eecured by a Moctgage, dated the date hereof, of property situated in the State of Florida. _ The Maker agreea thaf it shall be bound by any agreement extending the time or modifying the above temLS of ~ payment, made by the Payee and the owner or ownera of the property atfected by esid Mortgage. whether with or with- ? out notice to the Maker. and the Maker shall continue liable to pay the amount due hereunder. but with interest at a { rate no greater than the Interest Rate, acrording to the terms o[ any such agreement of e:tension or modifiication_ ~ f F 'I7~e unpaid balance of the Pri~ipal Amount, plus accrued intereat shall beoome due and payable at the option of i the Payee under the happening o[ an event by which said balance ahall or may become due and payable under the terms of said Mortgage. Thi+ Note may not be changed orally, but only by an agceement in writing, aigned by the party ageinst whom en- torcement of any waiver,, change, modification ~or dixharge is aought All parties to thi~ Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment for payment, demand, protest, notice of proteat, and notice of dishonor, and e:pressly agree jointly and severaily to remain % and rnntinue bound tor the p~ayment o[ the principal and intereat pmvided tor by the terms ot thia Note, notwithstanding j any e:tenaion or extenaiona of the time of, or for the payment of said principal or intereat. or any change or changes in ' the amount or amounte agreed to be paid under or by virtue of the obligation to pay provided tor in thia Note, or any ' c6ange or chanses by way of release or surrender or aubstitution of any real property and colleteral, or either, held aa = aecnrity for this Note, and w-ai~•e a)1 and every kind of notice of such e:tenaion or extensions, cl~ange or changes, and ~ aaree that t6e same may be made without the joinder ot t6e Maker. ~ ~ 2707 Avenua J ; ~ Fort Pierce, Plorida 33450 ~ : ~ s ~ ' ~ t ~ /s/ Orbie J. Dixon ~ ~ t ~ ~ ~ /s/ Patricia Dixon ; a ~ ~ ~ ` ~ ~65 ~ r:~r,~ 3 /pM itJ - F7IRIY. !1 ~AA r