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, This Note is secured by a mortgage (the Mortgage), dated the date ~
hereof, of property sltuated in the State of Florida, granted by the Maker to_ ~
the Payee, to which reference is hereby made for a descriptio~ of the ~
morigaged property, the nature and extent of the security, the rights of ~ ~
the Payee in respect thereof and the terms and conditions upor~ which this ~
Note is issued.
The Maker agrees that it shail be bound by any agreement extending
the time or modifying the above terms of payment, made by the Payee and
the owner or owners of the property 3ffected 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 tha~ the ~
' Interest Rate, according to the terms of any such agreement of exte~sion or
- modification. -
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. ~ T~ unpaid balance of the Principal Amo~nt, plus a~srues~ inter~st
shail become due and payable at the option of the Payee under the happening ;
~ of an event by which said balance shall or may become due and payabie
under the terms of the Mortgage. _ ~
This Note may not be changed orally, but oniy by an agreement in ~
~ writing, signed by the party against .wFiom enforcement of any waiver, '
change, modification or discharge is sought.
~ Ail parties to this Note, whether Maker, principai~, surety, guarantor
or endorser, hereby waive presentment for payment, demand, protest, ~
notice of protest, and notice of dishonor, and expressly agree jointly and
severally to remain and continue bound for the payment of tfie principal and
interest urovided for by the terms of this Note; rx~twithctanriin~ a.~~ ~Yfa.,-
sion or extensions of the time of, or for the payment of said principai or ~
! interest, or any change or changes in the amount or amounts agreed to be .
i 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 ~
~ u~ a~,y reai p~operiy anci coi'ta~erai, or eiiher, neid as security for this
~ Note, and waive ali and every kind of notice of such extension or extensions,
i change or changes,_ and agree that the same may be made without the joinder ~
of the Maker.
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- . ~~~K 288 485 ~
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