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Home My WebLink About0857 . r ~ . . • } ~PEHMANENTI ~ . ~ 1 . ' e ' e ' MORTGAGE NOTE Principal Amaunt: $ Z5 ~ OOO. L~ate of Note: J~O ~ ~ 1975 h~At~r~cy na~~: Nine Years Interest Rute: 8 $ t Amort;zntion Period: From the dny hereof to tF~e Mnturity DAte. - instalment Pnyment: $325.48 First Instalment Paymeni Date: JL1111 20 ~ 19?5 . ~ _ _ , ~ FQR VaLUE AECEIVED, the undersigneci and if more than one, jointly and severally (the 1lfaker), does hereby . ~ coeenunt and promise to puy to the order of Sun Bank oi St. Lucie County or to its successors or assigns (collectively the Payee), at its principai office at 111 Orange ~ve., Fort Pierce, Fla. or at such other place us the Payee may designate } to the :Viaker in ~eri~ing from time to time, in legal tender of the United Statcs, the Princigal Amount together with ~ interest at the Interest Rate on the unpaid balance of the Principal Amount. " : The sums due nnd owinR hereunder shAll be payable during the Amortization Period in equal monthly instalments, each in the amount o[ the Instalment Payment, the first such Instalment Payment to be made on the First Instulment Payment Date und subsequant Instalment Payments on the first day of each month thereatter uniil ihe Maturity Date whereupon the entlre unpaid balance of priqcipnl and interest accrued and unpaid thereon shall become due and pay- ~ able; each such instalment when paid shall be applied first to the payment of interest on the unpaid balance at the In- terzst Rate and the remainder thereot to payment on account of principal. - _ - - _ _ - If any Inst~lment Pt~yment shall not be paid when due, then the" entire principal sum and accrued interest here- ' under shall become due and pay~ble at once or therea[ter, at the option of the holder oi~ this Note. The Payee may, at its option, rnllect a lute charge not to exceed t~vo cenks for each one dollar of each Instaiment Payment not paid when - due !o reimburse the Payee for expenses of sen~icing delinquent Instalment Payments. Failure to exercise these options . shall not constitute a waiver of the right to exemise the same in the event oE any subsequent default. ~ It is fuether agreed that the Maker And each endorser, surety. guarantor. jointly and severally, shall pay all costs of ~ . _ collection of this Note.. including a reasonable attorney's fee, on failute to pay any Instslment Payment or any acenie~ interest due hereunder on the due date thereof_ This Note and al! sums due hereunder shall bear interest at the highest ~ lawful rate of interest per annum in the State of FIorida from the date when the principal and sccrued interest under ~ this I~ote shall be due and payable. The total interest payab!e hereunder shall nol 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 property aituated in the State of Florida. _ - I`he Maker agrees that it shall be bound by any_agreement extending the time or modifying the above tetms of . payment, made by the Fayee and the owner or owners of the property affected by said Mortgage, whether with or with- out n~tice to the Maker. and the Maker s'nall continue liable to pay the amount due hereunder, but with interest at a rnte no greater than the Interest Rate, according to the termg of any such agre2ment of ~xtension or modification. The unpaid balance of the Principal Amount, plus aecrued interest shail become due and payable at the option of . ~ ~ the Payee under the happening of an event by which said balance shall or may become due and payable under the terms of said I~4ortgage: ~ ~ , This Note may not be changed o:ally, but only by an agreement in writing, signed by the party against whom en- ~ forcement of any waiver, cl~ange, modification or discharge is sought. ~ 3 . g All parties to this Note, whether Maker, principal, surety, guarantor or endorser, hereby waiv~ presentment for payment, dPmand, prote~t, notice of protest, and notice at dishonor, and expressly agree juintly and severally to remain . and continue bound for the paymeizt of the_principal and interest pmvidea for by the tarms ot this Note, notw.ithstanding any extension or extersions of the time of, or for the payment of said principal or interest. or any change or rhanges in • the amount or amounts agreed .to be paid under or by ~7rtue oi the obligation to pay provided for in t4is Not r, or any ~ change or changes by way of release or surmnder or subsiitution of any real property and collateral, or either, held as ~ security for this Note, and~v?•aive all and every kind ot notice of such extension or e:tensions, change or changes, and - - agree that the-same may be- made without the joindzr of the tiiaker. , - Address: 3302 Enterprise Road. ~ . Fort Pierc~E Florida 33~50 MULLINS, I~1C. _ _ . ~ _ k; . - . . - ~ js/ Douglas E. Mullins - , President - - - ~ /s/ Mrs. Williams Botts . ~ ~ . U R 2~ PAGE U~ ` Secretary ~ 690K ~ FG~f 92: - FRllTli: 87 E..Tt~3 - ~ J ~ ~ - ..-.,T