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Home My WebLink About0320 ~r[AMAM[NTI MORTGAGE NOTE Principal Amount: S6SOO.~~ Date ot Note: MitQ~1 2S~ 1977 Maturity Date: ?eu~ Intetest Rate: 9~= Amortization Period: From the day hereat to tM Maturity Date. Instalment Payment: 584.11 ~Onthly lo~c 120 ~oath~ First Insfalment Payment Date: ~ly 1O r 1977 FOR YALUF. RECEIVED. the undersigned snd it more than one, jointly and aeverally (the Dtaker). dcea hereby covenant and pmmise to pay to the order oi Sun Bank of St. Lucie County or to its successora or aasigns (collectively the Payee). at its ptincipal office at 111 Orange Ave.. Fort Pierce. Fla. or st auch other place aa the Payee may designate . to the Maker in vrriting fmm time to time, in legal tender oi the United States. the Principa! Amount together with intereat at the Interest Rate on the unpaid balanee oi the Principal Amoun~ The auma due and owinR l~ereunder shall be payable during the Amortization Period in equal monthly inetalments. ~ each in the emouat of the Instalment Payment. the tirat such Instalment Payment to be made on the First Instalment Payment Date and subsequent Inatalment Payments on the (irst day of each month therea(ter untii the Maturity Date whereupon the entire unpaid balance of principal and intereat accrued and unpaid thereon ahaU become due and pay- able; eac6 sucb utstalment when paid ahaU be applied iirst to the payment ot interest on the unpaid b~elen$e at tbe In- terest Rate and the remainder thereot to payment on account ot principal. If any Instalment Payment shall not be paid when due, then the entire principal aum and accrued interest here- under ahall become due and payable at once or thereafter. at the option of the holder of thie Note. T6e Payee may. at ita option, collect a late charge not to e:ceed two cenfa tor each one dollar of each Instalment Payment not paid when due to reimburse the Payee for e:penses ot eervicin8 delinquent Inafalment Paymenta. Failure to e:ercise these options ahall not constitute a waiver of the right to e:etri~e the same in the event of aay aubeequent default It ia turther agreed that the Maker and each endorser. surety, guarantor, jointly and severally, ahall pay all costa ot collection of this Note, including a reasonable attorney's tee. on failure to pay any Inatalment Payment or any accrued intereat due hereunder on the due dete thereo[. This Note and all auma due hereunder ahall bear intenet at the highest lawtul rate of intereat per annum in the State of Florida from the date when the principal and acerued intereat nndet thia Note ahall be due and payable. The total interest payable hereunder ahall not in any one year e:ceed the highest lawful rate of intrtest in the State ot Floride. I This Note ia secured by a Mortgage, dated the date hereof, of property aitusted in the State of Florida. The Maker agreea that it ahall be bouad by any agreement e:tending the time or modifying the above tetms of payment, made by the Payee and the owner or ovmeea o[ the pmperty aUected by said Mortgage. whether with or with- out notioe to the Maker, and the Maker ahall continue liable to pay the amoant due hereunder. but with intereat at a rate no greater than the Interest Rate, acrording to the terms of any auch agreement of extenaion or modiCication. The unpaid balance of the Principal Amount, plua aecrued intereat shaU become due and payable at the option of the Payee under the happening o[ an event by which said balance shall or maq become due and payable under the tern?a of said Mortgage. This Note may not be changed orally. but only by an agreement in writing, signed by the party against whom en- fomement oE any waiver, change, modification or diacharge ia soughi AI1 parties to thia Note, whether Maker, principal, aurety, guarantor or endoraer. hereby waive presentment for payment, demand, protest, notice of protest, and notice of diahonor, and e:presely agree jointly and eeverally to remain and continue bound tor the payment of the principal and interest provided tor by the terms of thia Note, notwithstanding i any e:teneion or eztenaions o[ the time of, or (or the payment of aaid principal or intereat, or any change or changea in t the amount or amounta agreed to be paid under or by virtue ot the obligation to pay provided tor in thia Note, or any i change or changes by way of release or surrender or subetitution of any real property and rnllateral. or either. held as t aecurity tor thia Note, and v?ai~•e al{ and every kind ot notice of such e:tenaion or e:tenaions, change or changea, and E agree that the same may be made without the joinder oI the Maker. 2006 J?venus Q ~ Fort Pierce, Florida 33450 ~ ~ ~ /s/ Charlie B. Matthews ~ i . ~ /s/ Ethel M. Matthews ~ N.YN ~JJ - FF.'lr:~r: nr ~us ~ ~ ~ i