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~ • ~PERMANENTI .
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RAORTGAGE lVOTE
Principal Amount: ~',j5~ Q00. JU Dnte of Note: M1y. ?,9, 1975
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Maturity Dnte: 'ren Y ea r s
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Interest Rate: $1 °fo ' ' •
Amortiu;tion Period: From the day hereof to. the Mnturity Date. '
Instalment Payment: $185. 9~
~ First Instfilment Payment Date: July 10, 1~375
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• FOR VALUF. RECEIVED~ the undersigned And if morz than one, jointly and sevemily (tl~e Afuker), does hereby
~ c~~•enunt and promise to ~ay to the.order of Sun Bank of St. Lucie County or to its successor~ or assigr;s (collectively the
; PAyee), at its principal office at 111 Orange Ave., Fort Pierce~ Fla. or ut such other place 1s the Pa~•ee may designate •
~ - to the ~iaker in iti riting from time to time, in legal tender of the United Stutes, the Principal Amount together ~~•ith J
~ interest at the Interest Rate on the unpaid bAlance of the Principal Amount.
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~ The sums due and owin~ hereunder shal! be payable during the Amortization Perio~ in equal monthly inslalments, .
? each in the amount .ot the Instalment Payment, the titst such Instalment Payment to be made on the First Instalment
Payment Date and subsequent Instalment Payments on the l~~hday of each month iherea[ter until the Maturity Date
' whereupon the entire un}:aid balance of priqcipal and interest a~crued and unpaid there~n sht~ll become due and pay-
able; eACh such instalment w}:en paid shall be applied tirst to tha puyment oE interest on th,~ unpaid balance at the In-
~ terest Rate and the remainder thereot to payment on account of principal.
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f ~ If any Instalment Payment sh~ll -not be paid when dus, then the entire principal sum and accrued interest here- _
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- under shalI become due and payable at once or thereafter, at ihe option of the holder of thia Note. The Payee may. at
its option, collect a late charge not to exceed two cents for each one dollar of each Instalment Payment not paid when _
~ i~ue to reimburse the Payee for expen~es of servicing delinqvent Instalment Payments. Failure to exercise these options -
shall not constitute ~ waiver of the right to exercise the same in the event of any subsequent default.
~ It is futther t~greed that the Maker nnd each endorser, surefy, guarantor, jointly and se~•erally, shall pay all casts of
- collection of this I~Iote, including a reasonable attorney's fee, on faili?re to pay any Instxlment Payrnent or any acerued
~ iuterest due here=~nde; on the due da+.e thPn.wf. This Note snd all sums due hereunder shnl! bear intsrest at the highest -
? lawfut rate of interest per annum in the State af Fiorida from the,date wr~en the orincipal and ac-crued ~n#erest under
F this Noie shall be due and payabte. The total interest payable hereunder shall not in any one year exceed the highest
' lawful rate of interest in the State of Flo,-ida. - .
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~ This Note is se.:ured by a b4ortgage, dated the date hereof, of property situated in the State of Florida. -
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~ The Maker agrees t:~at it shail be bound by any agreement exten~ing the tirne or modifying the above terms of
payment, made by the Payee and the owner or owners of the property ~ffected by said 111ortgage, whether with or with-
out no!ice to the biaker, and the 114aker shall continue tiable to pay ths amount due hereunder, but with interest at ~a
~ rate no greater than the Interest Rate. according to the terms of any euch agreement of extension ~r modifica:ion.
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The unpaid balance of the Principal Amount, ptag acrrued interest shali become due and payable at the option of
- ihe Payee under the happening of an e~ent by which said balance shall or may become due suid payable under the terrr.s
of said Mortgage. ~ ~
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~ This Note may not be changed orally, but only by an agreement in writinq, signed by the party against whom en-
forcement of any waiver. change, modification or disrharge is sought. _
All partias to t1~is Note, w~hether Maker, principal, surety, guarantor or endor~er, hereby waive presentment for
paymen., demand, protest, notice of protest, .and notice of dishonor, and expressly agree y~~ntly and s2verally to remain
and continue t,ound for th~ payment o[ the princi;~al and interest pro~~ded for by the tern~s of .this Note, notwithstanding _
any extension or extensinns o: 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 by ~natue oi tha obligat"san to pay provided for in this Note, or any
change or changes by way of reiease or surrender or substiiution of any real pmperiy and collateral, or either, helc3 as _ `
~ securjty [or this Note, and H-ai~•e all and every kind of nolice o[ such extension or extensions, .change or changQS, and
F agree that the rame may be made without the joindrr cf the biaker.
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~ _ ~ ~ BOOK ~~U PACE
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