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Home My WebLink About0276 ~ ~r MrwHahi ~ MORTGAGE NOTE Prit?cipal Amount: s3 ~ OOO. ~0 Date of Note:~Z~ 10 ~ 1977 [4fee~riey [~~c: 10 years - [~ter~+t Rate: 9~a Amortization Period: Fmm the day hereot to the Maturity Date. Inatalment Payment: $3e. sZ First Instalment Payment Date_ llay 6~ 1977 FOR VALUE RECEIVED, the undersigned and if morc than one, jointly and severally (the ~faker), dcea hereby co~enant and pmmiae to pay to the order of Sun Bank o! St~ Lucie County or to its succeasora or aaaigns ~colleclively the Ya~eel. at its principal ofrce at 111 Orange A~e,~ Fort Pierce. Fla. or at auch other place as the Payee may designate to the Jiaker in w-riting fmm time to time. in legal tendet of the United States. the Principal Amount together v?ith interest at the Interest Rate on the unpaid balance of the Principal Amount. The awn+ due and owinR hereunder shall be payabfe dunng the Amortization Period in equal monthly inatalmenta, each in the amount of the Imtalment Payment, the first such Instalment Payment to be made on the Firat Inatalment Payment Date and aubeequent Instalment Payments on the ti~st day of each month thereatter until the Maturity Date whereupon the entire unpaid balance o( priqcipal and interest acrrued and unpaid thereon shaU bei.~ome due and pay- able; each such inatalment w1~en paid sltull be applied [irst to the payment o[ intereat on the unpaid balance at the In- terest Rate and the remainder thereot to payment on account ot principel. It any lnatalment Payment shall not be paid wt~en due, t}?en the entire principal sum and accrued intereat here- under shall become due and payable at once or therna(ter, at the option oE the holder of this Note_ The Payee may, at ita option, rnllect a late charge not to e:ceed two cente for each one dollar ot each Instalment Payment not paid when due to reimburse the Payee tor e:penaea of eervicins delinquent Instalment Paymenta. Failure to e:ercise these options ahall not constitute a waiver of the tight to exereiae the aame in the event ot any subeequent detault_ It is further agreed that the Maker and each endorser, surety, guarantor. jointly and severally, ehall pay all costs ot collection ot this Note, including a reaeonable attorney's tee, on tailure to pay any Instalment Payment or any aecrued interest due hereunder on the due date thereof. This Note and ail auma due hereundet ehall bear interest at the higheat lawful rate o[ interest per annum in the State of Floride trom the date when the principal and accrued interest under this Note ahail be due and payable. The totai interest payable hereunder shall not in any one year exceed the higheat lawful rate ot interest in the State of Florida_ This Note ia eecored by a Mortgage, dated the date hereof, of property situated in the State ot Florida. ' 7'he Maker agrees that it shall be bound by any agreement eYtending the time or modifying the above tetms of ' payment, made by the Payee and the owner or ownera of the pmperty atfected by said Mortgage, whether with or w~th= i 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, acrordinR to the terms ot any such agreement of e:tenaion or modification. The unpaid balance ot the Principal Amount, plus acrrued intereat ahall become due and payable at the option of f the Payee under the happeninR ot an event by which said balance ahall or may become due and payable under the terms ~ ot said Mortgage. ~ This Note may not be changed orally, but only by an agreement in writing, eigned by the party against whom en- ton~ement of any waiver, chanqe, modification or dixharqe ia sought_ Ail partiea to this Note, vvhether b'laker, principal, aurety, guarantor or endoraer, hereby waive prnsentment (or payment, demand, protest, notice of protest, and notice ot dishonor, and e:presely agree jointiy and severally to remain and continue bound tor the payment of the principal and intereat provided tor by the terme of this Note, notwithetanding any e:tension or e:tensions ot the time of, or (or the payment of said principal or interest, or any change or changes in the amounl or amounta agreed to t?e paid under or by virtue of the obligation to pay ptovided tor in this Note, or any change or changes by way ot release or surrender or substitution of any real property and collateral, or either, held as aecurity for this Note, and waive all and every kind of notice of auch e:tension or e:tensioru, change or changes, and agree that the aame may be made without the joinder of the Maker. s ~ 1114 Rayaoad l~venne ~ Fort Pierce, Florida 33450 ~ € ~ ~ /s/ Richard D. Knight i - F S ¢ ~ /s/ Gladys I. Knight ~ ~ - ~ ~ ~ ~ _ ' ~ ~ ~ P,u,f ~ _ FCq1 - FFls::I: d! XfdR1 . i ,