The URL can be used to link to this page

Home My WebLink About0766 ~?twrawaN?~ MORTGAGE NOTE $25.000.00 ~~w~ ~~t: n~e~ ot Noe~: April 25, 1977 Msturity Date: 1 S yea~s ~ Interest RAte: 8 3/~t Amortirstion Period: Fwm the day hereo[ to the Maturily Date. in~tatment Payment: SZ50.00 flrst Instalment Payment Date: NOV@I~BZ' 15 ~ 1977 FOR VALUE RECF.IVED. the undenigned and if more than one. jointly and aeverally (the Afaker), does hereby . covenant end promiae to pay to the order ot Sun Benk of St. Lucie County or to its auceessors or aiaigns (collectively the Pe?yee). aS iU principal ofree at 111 Orange Ave.. Fort Pie~+ce. Fls. or at such other plue as the Payee may deaignate to the ~aker in v~riting lrom time to time. in legal ter.der of the United States. the Principal Amount together with intereat st the [nterest Rate on the unpaid balsnce of the Principal Amount The awru due and owinR l~ereunder shall be psyable durins the Amortizetion Period in equal monthiy instalmen4. each in tbe amount of the Irutalment Payrment. the tint wch Instalment Payment to be made on the First Instalment Paymeat Date and ~ubsequent Instalment Paymenb on tbe titst day ot ~ch montb tbereatter until the Maturity Date wbenwpon the entire unpaid balance ot priR~~pal and interest acrrued and unpaid the~eun s6aU become due and pay- able: each such instalment when paid shall be applied Cest to t6e payment ot intereit on t6e unpaid balance at tl~e In- terest Rate and the remainder tbereof to payment on account o( principal. ' If any Instalment Payment shall not be paid when due. thea the enti~e principal sum and accrued intereat here- under ahall become due and payabk at onc~e or thercatter. at the option ot the holder of this Note. 'll~e Payee may. at its option, collect a late charge not to e:ceed two cents for each one dollar of each Instelment Payment not paid when due to reimburse the Payee !or e:penses of servirins delinquent Instalinent Paymen4. Failure to e:ercise these options ehall not constitute a waiver ot the right to e:eeriee the aame in the event ot any suhsequa~t default It is [urther agreed that the Maker and each endorser, ~urety, ~arantor. jointly and ~everally. sl~all pay all casLt ot collection ot this Note, includin6 a e+eawnable attorney e tee, on lailure to pay any Instalment Payment or any acrrued , interest due hereunder on the due date thereo(. This Note and alt aums due t~ereunder abell bear interest at the hiaieest law[ul rate of intereat per annum in the 3tate of Florida trom the date when the principal and accrued interest under this Note ahall be due and payable. The total interest payable herew~der shall not in any one year e:ceed the hi~hest lawtul rate ot intereat in the State of Florida. This Note is secured by a Mortaaae, dated the date heteot, ot pmperty situated in the 3tate of Fiorida. The Maker agreea that it ahall be bound by any agreement e:tendins tbe time or modifying the above tenns ot p~yment, made by the Payee and the owmer or owne~a of the property affected by said Mortaage, whether with or with- out notice to the Maker, and the Maker ehall continue lisble to pay the amount due l~ereunder. but with interest at a rate ao greater then the Intereat Rate, airording to the terms ot any such agreement of e:tension or modification The unpaid balanee of the Principal Amount. plus accrued interest s}wll become due and payable at the option ot the Payee under the happening ot an event by which said belatu~e shall or may bec~otne due and peyable under the tetms 'i of aaid Mortgage. i ~ Thia Notc ma not be chan ed oraU but onl b an a ; Y B Y. Y Y Breement in writinR. signed by the party against whom en- . k torcement ot any waiver, chanRe, modification or dixhar6e ia sought. ~ All parties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waive presentment [or ~ paymenl, demand, protest, notice ot pwteRt, and notice ot dishonor, a~ e:pressly agree jointly and severally to remain ; and continue bound tot the payment ot the principal and interest pmvided [or by the terms ot this Note, notwithstandins f any e:tension or e:tensions ot the time of, or for the payment o( esid principal or intereat, or any change or changes in ~ the amount or amounts agreed to be paid unde~ or by virtue of the obligation to pay Provided [or in this Note, or any ` change or changes by way of rnie~se or surrender or a~6stitution ot any real property and coliateral, or either, held as i eecurity tor this Note, and waive all and every kind ot notice o( such e:tension or e:tenaions, change or changea, and i agree that the same may be made without the joinder of t6e Maker. ~ . /s/ Danny W. Reagan /s/ Janis L. Reagan - ~ raw ~~s _ ?-r1a1r, n ~.u~ dQ~ fvV~ ~ ~V~ r~_ - ~~~'~k~~ - - ~~.F