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Home My WebLink About0324 ~.Iwr•NaMr~ MORTGAGE NOTE i . ~ : Pr;ncip~sl Amount: $5O ~ 000.00 ~ N~~~~ l~asch 30, 1977 ~ Meturity Daee: 1 . f 1 Interest Rate: ~ ; ~ . Amortization Period: ~rom the day bereoi to the Maturity Date. • ~ Instalment Payment: $50,040.00 plus intareat due March 30, 19'T8 s First Inatalment Payment Date: ~ • ~ ~ i i FOR VALUE RECEIVED. the underaigned and it more than one, jointly and sevezallp (the Msker). dcea hereby ~ covenant and promise to pay to the order of Sun Bank of St. Lucie County or to ita suceesaors or assigna (coltectively the { Payee). at ita principai office at 111 Orange Are.. Fort Pierce. Fla. ar at such other place as the Payec rosy designate ~ to the Dfaker in writing from time to time. in legal tender oi the United States, the Principal Amount together with intereat at the Intetest Rate on the unpa?id balance of the Prineipal AmounL - The sums due and owing hereunder ahall be payable duru~6 the Amortization Period in equal monthly inatalments. t each in the amount o( the Instalment Payment. !he fitat such Inatalment Payment to be ma~e on the First Instalment ; Payment Date aad subsequent Instatment Paytnents on the titst dey ot each mo~th thereatter uotil the Maturity Date whereupon tAe entire unpaid balance ot principal and intereat accrued and unpaid Wereon a6a11 become due and pey- able; each auch instalment when paid ahall be applied first to the payment o[ interea! on the unpaid balsnce at the Ia= terest Rate and t6e remainder' thereof to payment on account ot principal. If any Inatalment Payment ahall not be paid when due. then the entire principal sum and aecrued intereat here- under ahall become due and payable at once or thereatter. at lhe optioa of the holder ot thia Notc. The Payee may. at its aption, eoilect a late charge not to r~oeed two cente for each one dollar of eacb Instelment Payment not paid when due to reimburse the payee for e:penaes of servicing delinqueat InstaUneat Payments. Failure to e:ercise these options ahall not rnnatitute a waiver of the tight to exerciee the aame in the event of any aubsequent defaul~ ~ It ia [urtt~er agreed that the Maker and eacb endorser, eurety. gusranto:. jointly and aeverally, nhsll pay ell costa of ~ coAection of this Note. including a reasonable attorney'e fee. on faiture to pay any Inatalmeat Payment or any accrued ~ interest due hereunder on the due date thereof. This Note and ail auma due hereunder shall bear interest at the higheat ~ lawful rate of interest per annutn in the 5tate oE F[orida from the date when the principat and socrued interest under thia Note ahall be due and payable. The totsl intcreat payable hereunder shaU not in any one year exceed the higheat lawful rate o[ interest in the Stace ot Florida_ Thia Note is eecured by a Mortgage, dated the date hereof, oE property aituated in We 3tate of Florida. The Maker agt+eea that it ahall be bound by any agreement e:tending the time or modifying the above term~ ot f payment, made by the Payee and tbe owner or owne~s of the property atfected by said Mortgage. whether with os with- ; out notioe to the Maker, and the Maker ahall continue liable to pay the amount due hereunder, but witb intereat at a 1 rate no greater than the Intereat Rate, acrording to the terma o( any such agreement of e=tenaion or modif'ecation. ~ The unpaid balance ot the Pri~cipal Amount, plus accn~ed intereat ahall become due and payable at the optioa oE the Payee under the happening of an event by which aaid batance ahall or maq become due and payable under the terms : of eaid Mortgage. Thia Note may not be changed orally. but only by an agreement in writing, signed by the party againat whom en- torcement of any waiver, change, modi~cation or discharge ia sought. s All partiea to thu Note, whether Maker, principal. surety, guarantor or endoreer. hereby waive presentment fot f payment, demand, protest, notice o( proteat, and notice of dishonor, and e:presely agree jointly and severaUy to remain and continue bound tor the payment of the principal and intereat provided tor by the teruis of l6ia Note. notwithstandina any e:tenaion or e:tensiona of the time ot, or for the payment of eaid ptincipal or intereet, or any change or changes in the amount or amounta agr~eed to be paid under or by virtue of the obligation to pey provided tor in this Note, or any ' change or changea by way of releane or surrender or substitution of any real pmperty and collateral. or either, held as aecurity tor this Note, and w~aive all and every kind oi notice of such e:tension or e:tensions, change or changes, and agree that the aame may be made without the joinder ot t6e Maket. ; 3333 South Iadian btiv~er Dsive t Fort Pierce, florida 33450 fs/ Harold S Wi11i~G , /s/ Ada C. Williams ~ ; ~ _ ; , ~ . i • ; , ~ z KM )11 - fP167:R D7 iR.l!# ~ r~ z~s FA~E ~z4 ~ ~