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Home My WebLink About2159 ~('EqMANFI~T~ MORTGAGE NOTE - Principnl Amount: ~7~ ODU. 00 D:~te of Notc: ~,Iuy 21~~ 1975 - T9nturity Dnte: len Yea2'9 - ~ Interest F:ate: ~v~o ~ Amortiz~tion Petial: From the dny hereof to the 1ltaturity Date. _ ; InstAlment Pnyment: ~3 ~ - . f First Inst~~lment P~yment Dnte: fuly 1, 19~75 ' z ~ FOR V~I.UE RECEIVED, the u~idersigned and if more than onc, jointlti~ flnd se~erall}• (the ,liaker), does hcreb~~ ~ co~•enant and promise to pay to tha order of Sun I~ank of St. Lucie Count}• or to its sticcessors or assifins (collecti~~ely the Pn}•ee), at its principll office at 111 Orange a~•e., Fort ~ ierce, Fla. or at such other place ns the Pn~•ee may designate - to the \iaker in ~~•riting from time to time, in legnl tendcr of tlie Uniteci States, the Principal Amount together ~~•ith _ interest at the Interest Rate on the ur.paid balance of the Principal Amount. i The sums due and owinR hereunder shnil be pay.able during the Amortizntion Period in equnl monthly instalments, ' each in the ~mount ot the Instalment Payment, the tirst such Instniment Pnyment to be made on the First Instalment Pnyment Date,and subsequent Instt~lment Pnyments on the first day o[ each month therea[ter until the 1liaturity Dzte - whereupon the entire unpaid balnnce of prir~cipal ~nd interest accrued nnd unpaid thereon shall hecome due nnd pay- nbte; each such instalment H•hen pnid shall be npplied [irst to the payment of interest on the unpaid balance at the In- terest Rate and the remainder thereof to payment on account of principal.- If nny Inst~iment Payment shnll not be paid when due, then the entire prinripal sum snd accrued internst here- under shull be.ome due and pay~ble at once or thereafter, at the option of the holder of this Note. The Payee may, at - its o~rtion, collect a late charge not to exceed two cents for each one dollar of each Instalment Payment not paid ~vhen due to reimburse the Payee for expenses of servicing delinquent Instaiment Payments. Failure to exercise the_se options shall not constitute a w•aiver of the right io exercise the same in the event of ai?y subsequent default. - _ - - It is further agreed that the .~taker and each endorser, surety, guamntor, jointly and severaUy, shall pay all costs of colleclion of this Note, including a reasonnhle attorney's fee, on failure to pri}~ any Instalment Payment or any accrued ; interest due hereunder on the due date thereof. This Note and all sums due hereunder shall bear interest at the highest lawful rate of interest per annum in the State o[ Florida trom the date ~vhen the principal and accrued inferest 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. This Note is secured by a Mortgage, dated the date hereof, of ~~ro~>>rty situated in the State of Florida. _ The Aiaker agrees that ~it shall be bound by any agreement extending the time or modifying the above terms of payment, made_by the Payee and the ow~ner or oK~ners of the property affected by said Mortgage, whether with or ~ti•itli- . out notice to the 111aker, and the Dlaker_shall continue liahle to-pay the amount due hereundet, but with interest at a x : rate no greater than the Interest Rate, accordin~ to the terms of any such agreement of e~tension or modification. , . _ ~ ; The unpaid balan~~ of the Principal Amount, plus accrued interest sh311 betome due and payable at the option of ~ the Payee under the hap~>ening of an event by which said balance shall or may become due and payable under the terms y of said 1~4ortgage_ - . , This 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. J , All parties to this Note, whether T'Iaker, principal, surety, g"uarantor or endorser, hereby waive presentment for payment, demand, protest, notice of protest, and notice of dishonor, and expressly ~gree joint:y and se~•erally to remain and continue bound for the payment of '.he principai and interest pro~•ided for by the terms of this Note, not~sithstanding any extension or estensions of the time of, or for the payment of said principal or interest, o: any change or changes in - the amount or amounts agreed to be paid under or by ~hrtue of the obligation to pay provided tor in this Note, or any ; _ - change or changes by way of release or surrender or suhstit>>tion o[ any real property and collat~ral, or eiti~er, hetd as ~ ~ security for this Note, and H•ai~~e all and e~~ery kind ot notice o[ such extension or extensions, change or changes, and ~ agree that the same may be made without the joinder of the Muker. _ - ~ ; Privilege of prepayment of all - f ~ or any part at ~ny time is hereby = . ~ granted without pena~ty. - ; _ , . _ i i - . ~ ~ _ - /s/Ho~vard J. Hockett _ ~ - - _ _ _ ~ i = ~ _ ~ ; _ - _ _ /s/ Betty Roden Hockett ~ j _ _ ~ ~ ~ ' ~y . - . . . . . i ~ ~ _ . - - " - ' . - ' - 'i t . . ~ . ~ ~ - -X l ~ ~ . _ ° ~ ~`39 ~ ~ ~ aoox encE ~J~ ~ F~?Y i23 - r'?1F:IS~ ET 5=i.~ ~ }