HomeMy WebLinkAbout0311 this Note shall be due and paysble. The total interest payabie ~ereunder shall not
in any one year exceed the highest lawful rate of interest in the State of Florida.
This Note Is secured by s mortgage (the Mortgage) , dated the date hereof,
of property sttuated in the State of Florida, granted by the Maker to the Payee, to
which reference is hereby mada for a descriptio~ of the mortgsged property, the
nature and extent of the security, the rights of the Payee 1n respect thereof and
the terms and oonditlons upon which thts Note is issued. .
The Maker agrees that it shall be bound by any agreement extending the
time or modifying the above terms of payment, made by the Payee ar~d the owner
or owners of the property affected by the Mortgage, whether with or without
notice to the Maker, and the Maker shall continue liable to pay the amount due
hereunder, but with interest at a rate no greater than the interest Rate, acoor-
~ di~g to terms of any such agreement of extension or modification.
The unpaid balanoe of the Princlpal Amou~t, plus accrued interest shall
become due and payable at ihe option of the Payee under the happening of an
event by which said balance shall or may beo~me due and payable under the terms
of the Mortgage . -
This Note may not be changed orally, but only by an agreement in writing,
signed by the party against whan enforcement of any waiver, ch~ange, modi- . ~
fication or discharge Is sought.
All parties to this Note, whether Maker, principa~l, surety, guarantor or
endorser, hereby waive presentrnent for payment, demand, protest, notioe of
protest, and notice of dishonor, and expressly agree jointly and severally to _
remain and continue bound ~or the payment of the principal and interest provided
for by the terms of this Nvte, notwithstanding any extensior~ or extensions of
the time of, or for the payment of said principal 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 this Note, or any change or changes by way
of release or surrender or substitution of any real property and oollateral, or -
either, held as security for this Note, and walve all and every kind of noticx of
; such extension or extensions, change or changes, and agree that the same ~
' may be made without the joinder af ihe Maker.
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~ ' /s/ Clayton H. Hampton ~
~ /s/ Claudia A. Hampton
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~ /s/ Dual H. Hampton
~ /s/ Martha L. Hampton
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