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Home My WebLink About0632 ~rtAYAN(M11 MORTGAGE NOTE ~r;~;~~ w~,t: 58~00.00 Date ot Note: J~e 3, 1977 Macuricy Dsce: O~ Te~ I~e~~~ t~e~: 8 3/4i Amorti:ation Period: From the day benwt ta the Maturity Date. Inetalment Payment: 58~00.00 plu~ intes~est du~ Jna~ 3, 1978 Firat Instalment Payment Date: FOR VALUE RECEIVED. the undersigned and if more than one. jointly and aeverally (the Maker). doea hereby covenant and gmmise to pay to the ordez of Sun Bsnk ot St Lucie County or to ita auccesson or asaigns (collectively the Payee). st ita principal offiee at 111 Orange Ave.. Fort Piene. Fts. or at such other place as the Payee may deaignste to the Maker in vvriting imm time to time, in legal tende= oi the United States. the Principa! Amount together with intereat st the Interest Rste on the unpaid bslance of the Prinelpal Amoun~ 'I'he sueaa due and owinR hereunder sl~all be peyable durins the Amortization Period in equal monthly instalments. each in the amount ot the Instalment Payment, tbe tirst mch Iiutalment Payment to be made on the First Instalment Payment Date and subsequent Indalment Paymeab on tbe [irst day of ench mont6 thereatter until tbe Maturity Date w6ereupon the entire unpaid balanoe of principal and intere~t accrued and unpaid thereon ahall become due and pay- aWe; each such instalment when paid ahall be applied fiist to the payment ot interest on tl~e unpaid balance at the In- terea' Rate snd the remainder thereof to paymeat on account of principel. If any Instalment Payment shall not be paid when due, then tbe eatire P~~P~ ~~~t here- _ under shall become due and payab~ at once or t2~ereaiter, at the option of tbe holder of this Note. Tbe Payee may. at its optioa. oollect a late charge not to ~..aed two cents tor each one dollar of each Instalmea! Payment not paid when due to reimburse the Payee for e:penses ot servicing delinquent Instalmeat Paymenta. Feilure to e:ercise t6ese options shall not rnnstitute a waiver of the right to e:ercise tbe same in t6e event of any subsequent default It is further agreed that the Maker and each endorser. surety. suarantor. joinUy and severaUY. shall paY all costs ot collection of this Note, including a reasonable attorney'a fee. on failure to pay any Instalment Payment or any aocrued inter~t c!!~e hereun•!~z o!~ t2!!~ d~~ ~t.. thn~..nf '~7~u No~, and all ~ms due Mr~eunder ahall bear interest at the hiehest _ lawful rete of u?tereat per annum in tbe 3tate of Florida trom the date when the prir~cipal and aoctued intereef under ~ this Note ehall be due and payable. The total interest payable hereunder ahall not in any one year ezceed the higheat Iawful rate of interest in tl~e State of Flotida. ~I This Note ie secured by a Mortgage, dated the date h~reof, of property situated in the State of Florida. ~ The Maker agrees that it ahaq be bound by any agreement extending the time or modifyiag the above tarms of f paymeat, made by the Payee and the owner or owners of the property affected by aaid Mortaaae. whetber with or with- ~ out notice W the Maker. and the Maker ahall continue liable to pay tbe amount due hereunder. ~t wiW inte~at at a ~ rate no greater than the Interest Rate, according to the terms of any snch agreement o[ e:tension or modification The unpaid balance of the Principal Amount, piua aocrned intereat ahall beoome due and payable at the option ot the Payee under the happening of an event by which said balence ahall or may become due and payable under the terma of esid Mortgage. This Note may not be changed orally, but only by an agreement in writing. ai~ed by the party aBainat whom en- [orcement of any waiver. change. moditication or diecharge ia sought ~ , . r All parties to thia Note. -whether Meker. principal. aurety, guarantor or endorser. hereby waive presentment for ± payment. demand, protea~ notice o[ proteat, and notice of dishonor. and e:pre~ly agree jointly and severally to remain ~ and continue bound for t6e payment of the principal and interest provided for by the terms o[ this Note. aotwithatandins ; any e:teneion or e:tenaions o[ the time ot. or for the payment of said principal or interest. or any c6ange or changes in ~ ~ the amount or amounts agreed to be paid under or by virtue of [he obtiga[ion to pay provided for in this Nofe, or any - change or changes by way of release or surrender or subetitution of any real pmperty and collateral. or eiWer, held aa eecurity tor this Note, and v?sive ali and every kind of notice ot such e:tension or e:tensions, change or ehanges, and i agree that the same may be made without the joinder of tbe Makec ~ ~ i : ~ ~ ~ ~ F ~ ; ~ /s/ Michael B. Kane ~ , ~ ~ ~ /s/ Karen B. Kane ~ ~ ~ Boo~ 269 ~~~E 630 rc~ i:i - purrr~c ir ir.uw .r ~ . , _ r ~