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Home My WebLink About0605 i (Permanent) s ~ ; ~ i ~ i { ' MORTGAGE NOTE Principai Amount: 52500.00 Date of Note: l"larch 8, 1978 , Maturity Date: May 5, 1981 9t - Interest Rate: Amortization Period: From the day hereof to Maturity Date. instalme~t Payment: S79 • 50 First instaiment Paymeni Date: May 5, 1978 Sun Bank of St. Lucie County The Payee: _ 111 Oranqe Avenue, Fort pierce, Florida 33450 Address: FOR VALUE RECElVED, the undersigned and if more than one, jointly and severally (the Maker), does hereby covenant and promise to pay to the order of the Payee, or to its successors or assigns, at its principai office, or at such other place as the Payee may designate to the Maker in writing from time to time, in legal tender of the United States, the Principal Amount to- ~ gether with interest at the Interest Rate on ihe unpaid balance of the Principal Amount. ~ ~ ! The sums due and owing hereunder shall be payable during the i Amortization Period in equal monthly instalments, each in the amount of the ~ fnstalment Payment, the first such Instalment Payment to be made on the First ~ Instalment Payment Date and subsequent Instalment Payments on the first day ~ of e~ch month thereafter until the Maturity Date whereupon the entire unpaid s balance of principal and interest accrued and unpaid thereon shall become due ~ and payable; each such instalment when paid shall be applied first to the pay- ment of interest on the unpaid balance at ihe Interest Rate and the remainder thereof to payment on account of principal, ~ If any Instalment Payment shall not be paid whe~ due, then the entire ~ principal sum and accrued interest hereunder shall become due and payable ~ at once or thereafter, at ihe option of the holder of this Note. The Payee may, ~ at its option, collect a late charge not to exceed two cents for each one dollar ~ of each Instalmeni Payment not paid when due to reimburse the Payee for expenses of servicing delinquent Instalment Payments. Faiture to exercise ~ these options shall not constitute a waiver of the right to exercise ihe same in the event of any subsequent default. ~ ~ It is further agreed that the Maker and each endorser, surety, guar- ~ antor, joi~tly and severally, shall pay all costs of collection of this Note, ~ including a reasonable attorney's fee, including all costs, expenses and ~ attorney's fees for any retrial, rehearing or appeals, on failure to pay any ~ lnstalment Payment or any accrued interest due hereunder on the due date ~ thereof. This Note and all sums due hereunder shall bear interest at the ~ highest lawful rate of interest per annum in the St~te of Florida fran the date ~ when the principal and accrued interest under this Note shall be due and ~ payable. The total interest payable hereunder shall not in any one year ~ exceed the highest lawful rate of interest in the State of Florida. ~ ~oaK 2s3 ~A~~ so~ ~ ~ _ ~