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Home My WebLink About0778 .~tRY~N[Mi1 MORTGAGE NOTE A~~t~ 512, 000.00 Dete ot Note: Juae 3, 1979 Maturity Date: TeA Yl~~ Intereat Raee: 8 3/~• Amortization Period: From the day hereot to the Maturity Date. Itutaiment Payment: ~ 15 a ~ - First Inaealment Payment Date: J'uly 15 ~ 1977 FOR VALUE RECEIVED. the undersigned and if more than one. jointly and severally (the Maker). dces hereby covenant and promise to pay to the order oi Sun Bank oi Sk Lucie County or to its aucceasors or assigns (collectively the Payee). at ita principal ofiiee at 111 Orange Ave.. Fort Pierce, Fls. or at auch other place as ths Payee may designste to the ~aker in writing fmm time to time. in legal tender oi the United Ststea~ the Principal Amount togethes with interest at the Intereat Rste on the unpaid balance o! the Ptincipal Amount The eums due and owin~t hereunder sl~all be payable durina the Amortisation Period in equsl monthly instaimenta. each in the amount of the Insfalment Payment. the [irst wch Instalmeat Payment to be mede on the Fiist Itistalment Payment Date and subsequent Instalment Paymenb on tbe first day of e~ch mont6 thereafter until t6e Maturity Date whereupon the entire unpaid b~alance o[ principal and interest accrued and unpaid thereon ahall become due and pey- able; each such instalment when paid ahall be applied first to tLe psyment of interest on tbe unpaid balance at the In- tereat Rate and the remainder tl~ereo[ to payment on account of principal. If any Instalment Payment shall not be paid when due. then the entire principal awa and accrued intenat here- under ahall become due and payable at once or thereatter, at tLe option of the holder of this Note. The Payee may. at ita option, collect a late charge not to ezceed two c~ents for each oae dollar of each Instalment Payment not paid when due to reimburee the Payee for ezpensea of eervicing delinquent Instalment Payments. Failure to e:etrise these options shall not conatitute a waiver of the right to e:etriee the same in the event of any subsequent detaul~ It ia furt}?er agreed that the Maker and each eadoreer. surety, 6uarantor, jointly and severally. ahall pay all casb ot collection of this Note. including a reasonable attorney's fee. on feilure to pay any Instala~ent Payment or any accrued interest due hereunder on the due date thereof. This Note aad all auma due hereunder shall bear interest at the higheat lawtul rate of interest per annum in the 3tate of Florida from the date when the principal and accrued interest under this Note shall be due and payable. The total intereat payable hereunder ahall not in any one yeas ezceed t}~e hisheat lawful rate of intereat in the 3tate of Florida. 1'hia Note is secured by a biortgege, dated the date hereof, of pmperty situated in tLe 3tate of Florida. The Maker agreee that it ahall be bound by any agreement e:tending the time or modifying t6e above tetms of ~ payment, made by the Payee and the owner or owners of the pmperty aftected by said Mortaage. whetber with or with- t out notioe to the Maker, and the Meker ahall continue liable to pay the amount due henunder. but with intereat at a f rate no grester than the Intereet Rate, according to the terms of any such aareement oE e:tension or modi6cation. i ' 'I7~e unpaid balance of the Principal Amount, plua acrrued interest ahail become due and payable at the option oi € the Payee under the happening of an event by which aaid balance shall or may becoine due and payable under the terms p of aaid Mottgage. E ~ ~ This Note may not be changed orally, but only by an agreement in writing, eigned by the party againat whom en- ~ forcement of any waiver, change. madiCcation or discharge is eought ~ ~ ~ All parties to thia Note. whether Maker, principal, eurety. guarantor or endoreer. hereby waive preaentment tor i payment, demand, proteat, notice of proteat, and notice of disbonor. and e:pressly agree jointly and severally to remain ; and rnntinue bound tor the payment of the principal and interest provided tor by t6e terms of this Note. notwithstanding any e:tension or e:tenaions o[ the time of, or for the payment ot said principal or intereat, or any cl~ange or c6anges in tbe amount or amounfa agreed to be paid under or by virtue of the obligation to pay pmvided tor in this Note. or any change or changes by way of release or surrender or substitution of any real pmperty and colleteral, or either, held as ~ ~ aecurity for this Note, and waive all and every kind of notice of such ezteneion or e:tenaions. change or changea, and ; ~ agree that the same may be made without t6e joinder of the Maker. ~ ~ 1410 South 2?th Street ~ ~ Fort Piesc~, Florida 33~50 ~ ~ f ~ ~ ~ - ~ /s/ Cecil L. Church ; ~ s ~ # ~ ~ ~ Marjorie G. Church ~ ~ U k~~;Q FACE 7/ V ~OC!! vt7 . ~ i ro~ ni - runr~ s~ e.us ~