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Home My WebLink About0488 Ir[AYANENT~ MORTGAGE NOTE p~~~~ w~~~: 58300.00 na~ ot Noe~:~pril 22, 1977 Maturity Date: 10 yeara Intereat Rate: 8 3/4t Amortization Period: From the day hereot to the Maturity Date. Instalment Payment: $104.03 Firet Instalment Payment Date: [~y 30 ?],9~'~ FOR VALUE RECEIVED. the underaigned and if more than one, joinUy and severally (the Maker)~ dces hereby covenant and promise to pay to the oriler of Sun Bank of Sk Lucie County or to ita aucceasora or assigns (collectively ta?e Payee)~ at its principal office at 111 Orange Ave.. Fort Pierce. Fla or at such other place as the Payee may designate to the ~alcer in ~rriting fmm time to time, in legal tender of the United States~ the Principal Amount together v~ith interest at the Interest Rate on the unpaid balance of the Principal Amount The sums due and owinA hereunder ahall be payable during the Amortization Period in equal monthly inatalmente. each in We amount of the Inatalment Paymeet. the tiret suc6 Instalment Payment to be made on the First Inafalment Payment Date and subeequent Instalment Paymenta on the fi~at day of each month t6erea[ter unW the Maturity Date whereupon the entire unpaid balance of priqcipal and inteteat accrued and unpaid thereon a6all bea.~ome due and pay- able; each auch inetalment when paid shall be applied ~rst to the payment of .intereat on the unpaid balance at the In- terest Rate and the remainder thereof to payment on account of principal. If any Inatalment Payment shalt not be paid when due. then t6e entire principal sum and aocnied interest here- . under shall become due and payable at once or thereafter. at the option of the holder of this Note. The Payee may, at its option, coltect a late charge not to e:ceed two oents for each one dollar of each Instalment Payment not paid when dae to reimburee tbe Payee for e:penaes of servicing delinquent Instalment Payments. Failure to e:ercise these options shall not constitute a waiver of the right to e:ercise the same in the event of any subeequent deEaulk It ia further agreed that the Maker and each endoraer. surety. guarantor. jointly and aeverally, ahall psy all costa ot collection of thia Note, including a teseonable attorney e fee. on [ailure to pay any Inatalment Payment or any acerued interest due hereunder on the due date thereof. Thia Note and all suma due hereunder ahall bear interest at the higheat lawful rate of interest per annum in ihe 3tate of Florida from the date when the principal snd acerued interest under this Note ahall be due and payable. The total interest payable hereunder shall not in any one year e:ceed the higheat lawiul rate of intereat in the State of Florida. Thia Note is secured by a Mortgage. dated the-date bereof, of property aitueted in t6e 3tate of Ftorida_ ; T6e Maker agrees that it ahall be bound by any agreement e:tending the time or modifying the abave terma of ~ payment, made by the Payee and the owner or owners of the property affected by aaid Mortgage, whether with or with- i ~ out notice to the Maker, and the Malcer shall continue liable to pay the amount due hereunder. but with intereat at a rate no greater than the Interest Rate. aocording to the terme of any auch agreement of eztenaion or modification. ~ The unpaid balance of the Principal Amount, plus acrrued intereat s6a11 bei.~ome due and payable at the option of ~ the Payee under the happening of an event by which said balanee ahall or maq become due and payable under the terms of said Mortgage. This Note may not be changed orally, but oniy by an agreement in writing, aigned by the party againat whom en- forcement of any waiver, change, modiCcation or discharge ia eought. All partiea to this Note, whether Maker. principal, surety. guarantor or endoraer. hereby waive preeentment tor payment, demand, protest, notice of pmtest, and notice of diahonor, and ezpresely agree jointly and aeverally to remain and continue bound (or the payment of t6e principal and intereat provided tor by the terma of this Note. notwithetanding any e:tenaion or eatensions of the time of, or tor the payment of said principa! or interest, or any change or changes .in ~ the amount or amounts agreed to be paid under or by virtue of the obligation to pay provided for in thia Note, or any change or changea by way o[ rnlease or surrender or subatitution of any real property and collateral, or either. held as aecurity for this Note, and w•aive all and every kind of notice of such e:tenaion or eztensions, change or changea. and agree tbat the same may be made without the joinder of t6e Maker_ 2601 3outh 29th 3treet ~ Fort Pierce, Florid~? 33i50 ~ s Fred T. Carpenter ~ ~ /s/ Lillian V. Carpenter } , ~ 7 487 a~~ _ p~RT.~ ~ e:?~uc ~ :