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Home My WebLink About1653 . • e i s . . S ~ , ~PERMANENTI ~ ~ - i , t - - ~ ' 4 MORTGAGE NOTE ~ $az soooo~ na~e or No~e: Ma 14 1975 ~ Pnnc~pnl Amount: t y ~ ~ Alaturiey Date: . '1`MfelV'@ Yeari ' ~ ~ Interest RAte: g= . . Amortization Peric~d: From thQ day hereof to the 1ltaturity Date. ~ Instntment Paycnent: 5256.08 . ~ ~ First Instalment Payment Date: J~11y li 1975 ~ ~ _ ~ - _ ; . _ - t ~ FOR VALUE RECEIVED, the undersigned and if more than one. jointly and severs:ly (the Dlaker), does hereby ~ co~enant and promise to pap to the order of Sun Bank of St. Lucie County or to its successor~ or assigna (collecti~•ely the ~ Payee), at its principal office at 111 Orange Are., Fort Pierce~ Fla, or at such other place as the Paye2 may designate . ; to the Maker in ~~-riting fmm time to time, in legal tender of the United States, the Princi~Al Amount together with ~ ir.terest at the Interest Rate on the unpaid balance of the Principal Amount. : ~ ; The sums due and ow~in~ hereunder shall be payable during the Amortization Period in equal monthly instalments, _ each in the amount of the Instalment Yayment, ihe tirst auch Instalment Payment to be made on the First Instalment Payment Date and aubsequent Instalment Payments on the first day ot r.ach month thereafter until the Maturity Date . whereupon the entire unpaid balance of principal and inte'rest accrued and unpaid thereon shali become due and pay- ~ - ~ble; each such instalment when paid shall be applied tirst to the payment of interest on the unpaid balance at the In- • terest Rate and the remainder thenaf to payment on account ot principal. ' ~ If any Instalment Payment shall not be paid when due. then- the entire principal sum and acc~ued inter~st here- t under shal! become due and payuble at once or thereafter, at the optiox~ of the holder of this Note. The Payee may, at ~ ir,4 option~ coilect a late charge not to exceed two cents for each one doilar of each Instalment Payment not paid when ~ ~ due to reimburse the Payee for expenses of servicing delinquent Instalment Payments. Failure to exercise these options ~ shall not constitute a waiver of the right to exemise the same in the event of any subsequent default. . ~ ~ . - - ' _ ~ 'It is further agreed that the Maker and each endorser, ~urety, guarantor, jointly and severally, shall pay ~11 costs of q collection of this Note, including a reasonable~ attorney's fee. on failure to pay ~ny.Instalment Payment or_any ac..rued interest due he:eunder on the due date thereof. This Note and all sums due hereiinder shatl bear interest at the highest ~ lawful rate of interest per annum in the State oE Florida irom the date when the principal snd acrrued interest r~der ~ E this Note shall be due and payable. The total interest payable hereunder shall not in any one year exceed the highest ~ lawfui rate of interest in the State of Flori3a. - ~ ~ ~ This Note is secured by a 2.iortgage, dated the date hereof, of ptoperty situated in the State of Florida. ~ s ; The Maker agrees that it shall be bound by any agreement extending the time or modiEying the above terms of - ~ - payment, made by the Payee and the owner or owners of the property atfected by said Morlgage. whet}:er with or with- ~ out notice to the Diaker, and fhe Maker shall continue liable to pay the amount due hereunder. but with interest at a ~ " rate no greater than the Interest Rate, accordinq to the terrcis of any such agreement of eatpnsion or modification. ~ . . - ~ The. unpaid balance of the Principal Amount, plus acctued interest shall become due and payable at !he uption oi ~ the Payee under the happening of an event by which said balance shall or may become due and payable under the terms ~ - of said Mortgage. - _ - _ - -s _ Thi3 Note may not be changed orally, but only by an-agreement in writing, signed by the party against whom en- ~ forcement of any waiver, change, modification or discharge is sought. , _ ~ - . _ - - s All parties to this Note, whether Maker, principa~, surety, guarantor or endorser, hereby waive presentment [or i 3 payment, demand, protest, notice of protest, and notice of dishonor, and expressly.agree jointly and severally to remain ~ _ and confinue bound for the p~yment of the principal and intere~t pro~~ded f~r by the tetms of this Note, notwithstanding i any extension or 2xtensians 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 b~ virtue of the obligatiom to pay provided [or in this-Note. or any ~ change or changea by way of releaQe or surrender or substitution cif any real property and collateral, or either, held as ~ security for this Note,'and w•aiye all and every kind of notice of such ex!ension or extensions, change or changes, and ~ agree that the same may be made without the joinder of the Maker. - Addre,ss : 2861 Avanue F - - Fort Pierce,~Fl~~ida 33450 _ _ _ ~ _ /s/ Cad W. Brown - - - - /s/ Louise B. BrQwn - ~ . . ~ _ - - - ganx~39 P~~1649 . - ~ fL.4( 3!S - FRI.i71X.' 57 ±T_~1i3 . ~ - - ~ =t- . ~ - 1 t _ _ ' 7