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Home My WebLink About2874 IPERNANENTI . ~ ` . . 1 ~ ~ C MORTGAGE NOTE . ~ ~ Principnl Amount: ~3. 50U.00 D~tc of Note: l,tay lb, 1975 ~ ~ t n!aturity D~te: '1'ea Y ea r~ ' Interest Rnte: ~ ~;~}_v~ 2 ~ Amortization Period: From the dny hereof to the rinturity Date. ' • . s . ~ ~ Inst~~ment Pnyment: ~45.2~ . - - ~ _ t • First InstatmPnt Pnyment Date: JUIy l, l~? 5_ ~ ~ _ - ~ FOR VALUE RECEIVED, the undersigned und if more than one, jointly und severall~ (the \iAker), does hereby ~ co~•ennnt and promise to puy to the order of Sun Bank of St. I.ucie Count~• or to its successors or assigns (collectively the ~ Payee)~ at iks principal office ut 111 Orange A~•e., Fort Pierce, Fla. or At such other place ~?s the Yn~•ee ma~~ designate ' to the ~iaker in ~~•riting from time to time, in legAl tender of the United States, the Principal Amount togeth~r ~~•ith x interest'at the Interest Rate on the unpaid balance of the Principal Amount. ~ ~ - ~ • The suins due and owinR hereunder shall be payable during the Amortization Period in equal monthly inslalments. each in the amount ot the Instalment PAyment, the tirst such Instnlment Payment to be made on the First Instplment _ - Payment Date und subsequent Instalment Payments on the [irst d~y of each month there~fter until the riaturity Date ~ whereupon the entire unpaid b~lnnce of principAl nnd interest accrued and unpaid thereon shnll become due and pay- ~ble; each such instalment when paid shall be applied (irst to the payment of interest o~ ttic unpaid bnlance at the In- ~ _ _ terest Rate and the remainder thereof to paymerit on ~ccount ot principaL : ' - . - ~ _ If any Instalment Payment shall not be paid rvhen due, then the entire principnl sum and accrued interest here- ~ under shall become due ~nd payable nt once or thereafter~ at the option of ttie holder of this Note. The Payee may, at - ~ its option, collect a 11te charge not to exceed tw•o cent~ for each one doUar of each Instalment Payment not paid when ~ due to reimhurse the Payee for expenses of servicing delinquent Inst~~lment Payments. Failure to exercise these options - _ shall not constitute a waiver of the right to exercise the same in the event oi ~ny subsequent .~efault. ~ , • - - It is further agreed that the I~iaker and each endorser, surety, guarantor, jointly and se~•2raliy, shall pay all costs of ~ ~ ~ collection of this Note, including a reasonabie attorney's fee, on fnilure to pay 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 of Florida from the date when the principal and accrued interest under t this Note shalt be due and payable. The total interest payable hereunder shall not in any one year exceed the highest z I3wfu1 rate of interest in the Siate of Florida. - ~ This Note is secured by a biortgag^, ~ated the date hereof, of property situated in the State of Florida. - The Maker agrees that it shall be bound by any agreement extending the time or modifying the atw~e terms of ~ payment, made by the Payee and the o~:~ner or owners of the property affected by said ~4ortgage, whether with or with- out notice to the 114aker, and the Diaker shall continue liable to pay the amount due hereunder, but w~th interest at a . i . rate no greater than fhe Interest Rate, nccording to the terms of any such agreement of extension or modification. i • _ - - 's t The unpaid balance of the Principal Amount, plus accrued interest shali become due and payable at the option of i the Payee under the happening of an event by which said balance shall or may become due and payable under the terms E of said Mortgage. - ' ~ i g This I`TOte ma not be chan ed orall , but onl b an a reement in writin si ed b the art a ainst whom en- f Y K Y Y Y g B. Bn Y P Y S - forcement of any waiver, change, modification or discharge is sought. . . ~ . _ - All parties to this Note, ~shether 11'Iaker, principal, surety, guarantar or endorser, hereby wai~e presentment [or ' payment, demand, protest, notice of protest, and notice of dishonor, and expressly agree jointly and severally to re-nain . - and continue bound for the payr~ent o[ the principal and interest provided for hy the terms of this Note, not«~ithstanding ; zny extension or extensions of the time ot, or ior the payment of said princepal or interest, or any change or changes in _ ~ the amount or amounts agreed to be paid under or by viitue oF the obligation to pay provided for in this Note, or any _ change or.changes by way of release or surrender or substitution of.any real pmperty and collateral, or either, held as ~ security [or this Note, and H-ai~•e all and ec•ery kind of natice of such extension or extensions, change or changes, -and ~ = agree that the same may t~e made without the joinder of the Maker_ . ~ - - . - ~ I" . _ t j . { - ~ ~ ~ . ~ ' ~ ~ - - / s / John R. Chisholm - ~ _ _ ~ - - /s/Juanita Chisholm _ ~ - eoox~3~ P,~28~9 ~ - - FQ~I 9tJ - f.il~l55 Pl FTA?~ - ~ ' _ ~