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This Note Is secured by a mortgage (the Mortgage) , dated the date
hereof, of property situated in the State of Florida, granted by the Maker to
the Payee, to which reference is hereby made for a description of the
mortgaged property, the nature and extent of the security, the rights of
the Payee in respect thereof and the terms and conditions upon which this
Note is issued. ~ .
The Maker agrees that it shall be bou~d by a~y agreement extending ~
the time or modifying the above terms of payment, made by the Payee and
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, according to the terms of any such agreement of extension or
modification.
The unpaid balance of the Principai Amount, plus accrued interest
shali become due and payabie at the option of the Payee under the happening
of an event by which said bala~ce shall or may become 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 whom enforceme~t of any waiver,
change, modification or discharge is sought.
Ail parties to this Note, whether Maker, principal, 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 tF~e payment of the principal and
interest provided for by the terms of this Note, notwithstanding any exten-
~ sion 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 sut,stitution -
of any real property and collateral, or either, heid as security for this
Note, and waive ail and every kind of inotice of such extension or extensions,
change or changes, and agree ihat ihe same may be made without the joinder
of the Maker.
/ S /
7orz C. ~cott
2~307 liolioay Court
Fort Pierce, Fla. 33450
P O Box 1531
?97 ~ ~~2
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