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Home My WebLink About1802 ~pERM~hFNTf MORTGAGE NOTE _ ~ Principnl Amount: $ y~ OOO. 0~ Date of Note: M21~/ lE~ ~ 1975 - ; , A'IAturity Datr. Olle Yaar ~ ~ L - Interest Rnte: y~~ , Amortiu~tion Petiod: From the d~y hereo[ to the Mnlurity Dnte. 'i _ ~ ~ ; ~ _ Instalment P~yment: ~ _ ~ . ~ First Inst~lment Payment D~~te: $7 ~ OOQ. QO p1u8 interost due tlay 1G 1976 - ` - - ~ ; F ~ } FOR VALUE RECFIVF.D, the undersigned und if more than one, jointly und severally (the ~iaker)~ does hereb~• i co~•enant and promise to pay to the order of Sun I3ank of St. Lucie County or to its successors or nssigns (collectively the Ya~ee), At its principul office ut 111 Ornnge A~•e., Fort Pierce, Fla. or at such other place as the PA~•ee may designate ; _ to the liaker in ~~•riting from time to time, in legal tender of the United Stutes, the Principal Amount together ~~•ith 3 interest at the Interest Rate on the unpaid balance of the Principal Amount. _ The sums due and owin~ hereunder shnil be paynble during the Amortization Period in equal manthly instalments, j ~ each in the nmount oi the Inatalment Payment, the first such Instalment Paymenl to be made on the First Instaiment s ~ Payment Dpte and subsequent Instalment Payments on the first day of each month thereafter until the lltaturity Dufe ; ` whereupon thc entire unpaid balance of principal and interest acerued flnd unpaid thereon shall become due and pay- ~ able; each such instalment when paid shal! Ue ~pplied first to the payment of jnterest on the urpaid b:.'.ar~ee at the In- - - terest Rnte and the remainder thereof to payment on account of principal. _ _ ' ~ a _ If any Inst~lment Payment shall not be paid when due, then the entire principal sum and acerued interest here- : under shall become due and payable At once or thereatter, at the option of the ho!der of this Note. The Payee may, at = its option, collect a 11te charge not to exceed two cents for each one dollar of each Instalment Payment not paid when ' due to reimburse the Payee for expenses of servicing delinquent Instalment Payments. Fnilure to exercise these options ? ' shall not constitute a waiver of the right to exercise the same in the event of any subsequent de[ault. S . ' ' - ~ It is [urther agreed that the Maker and each endorser, surety, guarantor, jointly and severally, shall pay aii costs o[ ' collection of this Note, including a reasonable attorney's fee, on failure to" pay any Instrilment Payment or any uccrued ~ interest due hereunder on ihe due date t}~eceof. This Note and all sums due hereunder shall bear intereat at the highest - laK•ful rate oI interest per annum in the State of Florida from 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. ~ - t . This I`Tote is secured by a I~iortgage. dated the date hereof, of property situated in the State of F'orida. i i The ~l4aker agrees that it shall be :~ound 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 affected by said Mortgage, whether with or with- ~ ' out notice to the 14iaker. and the Maker shall continue liable to pay the amount due hereunder, but w~th interest at a ~ rate no greater than the Interest Rate, accurdinR to the terms of any such agreement of extension or modification. ~ ~ . . _ The unpaid balance of the Principal Amount, plus accrued interest shali become due and payable at the option of ? the Payee under the hapnening of an event by which said balance shall or may become due and payable under the te*ms ~ of said 114ortgage. - ~ r ~ _ This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- - ' : forcement of any vvaiver, change, modification or discharge is sought. ~ - All I~ar~ies to this I`'ote, w•heiher h~3aker, principal, surety, guarantor or endorser, hereby waive presentment for ; Pavment, demand, protest, notice of protQSt, and notice of dishonor, und expressly agree jointly. and se~•erally to remain and continue bound for the payment of the principal and interest pmvided for by the terms ot this Note, notwithstanding ~ an extension or extensions of thz iime of, or for the ; Y payment of said principal or interest, or any ehange ur cnanges ~n - the amount or amounts agreed to Ue ~~aid under or by ~irtue~of the obligation to pay provided for in ihis Note, or any ~ change or changes by w•ay of release or surrender or substitution of any real proper~y and sollateral,~.Pr either, held as ~ securify for this Note, and r+-ai~-e alt and every kind o( notice of such extension or extensions, change `pr changes, and ~ agre~ thaE ihe same may be made without the joinder o[ the riaker. ~ • _ - Address: 608 Azalea Avenue ~ - Fort Pierce,. Florlda 33450 _ - _ ~ _ _ ~ . " Philip Pearl ~ ~ ~ . $la~r?che V. Pearl - ~ ~ ~ ~ _ . - Q ' Gary L. Pearl ~ _ ~ 'f- - _ BarbAra G. Pearl ~ 4 . . ~ i: - _ ~ _ . ~ ~ BOOK~~~~ PAGE~7~ ~ - ~ ~ - _ ~ rYcV STS - FF.ISiIf: b! FT_A.3 ' ~ ii - ,iz _ . . ~