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Home My WebLink About1848 iPERNAkENT1 - MORTGAGE NOTE ; _ . - Principal Amount: $10 ~ 0 G t1. 0 0 Dnte of Note: M~1? 15 ~ 1~ 7 5 ~ ; ~ hlt~turity D~te: ZO years ~ < ~ ~ interest I3ate: 9~= . { . ~ ~ F _ Amortization Period: From the day hereof to the Mnturity Dute. _ _ ~ ~ . _ ~ _ Instalment Payment: ~512~.'~~ i : . . ~ - First Instalment Pnyment Date: • ~ i _ _ t - _ . > _ 1 . _ f. FOR V:~LUF. RECFIVFD, the undersigned and if more then one, jointly and severally (the ~iuker), does hereb~• 4 co~•enant and promise to pa}• to the order of Sun Bank of St. l.ucie County or to its successo.~ or nssigns (collectively the ~ Payee)~ at its principul offic~ 1!1 Orange Ave., Fort Pierce, Fla. or ut such other place us the Payee may designate ~ to the biaker in ~sriting from time to time, in lega[ tender of the United States, the PrincipAl Amount together with _ interest at the Interest Rate on the unpaid balance of the Principal Amount. : ; . - ~ The sums due and owin~ hezeunder shall be payable during the Amortizntion Period in equ~l monthly instalments, ~ , each in the amount o[ the Instalment Pnyment, the tirst such Instalment Payment to be made on the Fitst Instalment ; - Payment Date and subsequent Instalment Payments on the first day of each month thereatter until the hiaturity Date ~ whereupon the entire ~lnpaid balance ot prir~cipal and interest accrued and unpaid thereon shall become due And pny- _ _ able; each such instatment when paid shall be applied first to the payment of interest on the unpAid balance nt the In- ~ terest Rate and the remainder thereof to paym~nt on nccount of principaL • { . • _ . ~ If ~ny Instalment Pp; ment shal! not be paid when due, then the entire principal sum and accrued interest here- - ~ , ~ under shall become due and payable at ~nce or thereafter, at the option of the holder of this Note. 'I'he Payee may, at # ~ its option, collect a late charge not to exceed two cents for each one doUar of each Instalment Payment not paid when s due to reimburse the Payee for expenses of servicing delinquent Instnlment Payments. FAilure to exemise these options § shall not constitute a waiver of the right to exercise the same in the event of any subsequent default. . ? - " - _ - - ~ It is further mgreed that the Maker and each endorser, surety, guarnntor, jointly and severally, shall pay all costs o[ ~ - collection of this Note, induding a reasonable attorney's fee, on failure to pay any Instalment Payment or any accruecf i interest due hereunder on the due date thereof. ~ This Note und all sums due hereunder shall bear interest at the highest la~vful rate of interest per annum in the State of Florida-from the date when the principal and accrued interest under ~ _ this Note 3Lall be due and payable. The tot~~l interest payable hereunder shall not in any one year exceed the highest ~ law(ul rate of interest in the 5tate of Florida. ~ ~ ~ This Note is secured by a r4ortgage. dated the date hereof, of property situated in the State of Florida. Ky II The 11~faker agrees that it shall be bound by any agreement extending the time or modifying the above tertns of ~ E payment, made by the Payee and the owner or owners of the property af[ected by said Mortgage, whether w-ith or w~ith- q = out notice to the Tiaker, and the Make* shall continue liable to pay the amount due hereunder, but with interest at a ~ - r~tp no greater than the Tnterest Rate, according to the terms of any such agreement of extension or moditication. ~ _ - ~ - - _ - . • ~ The unpaid balance ot the Principal Amount, plus accrued interest shall become due and payable at the option of ~ the Payee under the happening of an event by Hhich said balance shall or may become due and payable under the terms ? _ of said Mortgage. - r . 5 y g y, y y g, gn~cl by the party against whom en- This Note ma not be chan ed orall but onl b an agreement in writin si ; forcement of any waiver, change, maiification or discharge is sought. ~ _ h All parties to this Note, µ~hethe: Maker, principal, surety, guarantor or endorser, hereby waive presentment for } >>ayment, demand, profest, notice of protest, and notice of dishonor, and expressly agtee jointly and severally to remain f and continue bound for the payment of the principal and interest provided tor by the terms of this Note, notwithstanding ~ any extension or axtensions of the time of, or tor the payment of ss~d principal or interest, or any change or changes in ~ the amount or amounts a~r~ed to be paid under or by virtue oi the obligation to pay provided for in this Note, or any - ~ ehange or changes by Hay of release or surrender or substitution of any real properiy and collateral, or either, held as ~ security for this Note,.~nd vsais~e all and every kind ol notice of such extension ar extensions, change or changes, and _ ~ _ , agree that the same may be made without the joinder of the I1'Iaker. 1602 Citrus Avenue ~ ` . F~rt Pierce, Florida 33450 ~ _ . ~ /s/ Ol1ie Benson Taylor 'I: . - ~ _ _ - - _ - - ~ - _ /s/ Florence Taylor ~ - - ~ ~ • - . ~ ~ - ~aox PAGE1844 ~ ~ ; F"..c?! 3PI - FFJJi:IS~ 8T F.E"'.li - ~ ~ ~ F•: _ ' f