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Home My WebLink About1060 IPERMANENTI (VfORTGA~E NOTE ~ Principal Amount: $x0 ~ 000. DO Date of Note: 'TW?~ 6 i 1975 ~ l~iaturity Date: '1'i!1! Y~aYB Interest R~te: 8 ~~4t Arnortization Period: From the dAy hereot to the Maturity Date. Instalment Pnyment: ~S~.y~.89 !ar 11! payt~emta, balloon pay~eA~t duu- on 1~Oth ~ pays~nt f~r the unpaid ba~l;nGe a,nd fAt~roat Firat InstalmFnt Peyment Date: - July 15, 1975 - . FOR VALUE RECEIVED, the undersigned and if more than one, jointly and severally (the rfaker), does hereby co~~enunt and promise to puy to the order of Sun Bank of St. Lucie County or to i~is successors or assigns (collectir•ely the " - Payee), at ita principal office at 111 Orange Ave:, Fort Pieme, Fla, or at such other place as the Papee may designate to the Maker in K~riting from time to time, in legal tender of the linited States~ the Principal Amount together with interest at the Interest Rate on the unpaid balance of the Yrincipal Amount. ' - ~ The sums due and owinR hereunder aball be payable during the Amortization Period in equat monthly instalmehta, ~ - each in the amount of the Instalment Puyment, the first auch Instalment Payment to be made on the First Instalment Payment Date and aubsequent Inatalment Payments on the tirst day of each month thereafter until the Maturity Date ~ - whereupon the entire unpt~id halance of principal and interest accrued and unpaid thereon 'shall become due and pay- . ~ ~ a61e; each such instalment when paid shall be applied first to the payment of interest on the unpaid balance at the In- terest Rate and the remainder 2hereof to payment on account of principal. : - ~ If any Instalment Payment ahall not be psid .when due, then the entire principal sum and accrued ir.terest here- ~ under shAil become due and payable at once or thereafter, at the option of the holder of this 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 w}~en due to reimburse the PAyee for expenses of aervicing delinquent Instalment Paymenta. Failure to exercise these options ; shall not canstitute u waiver of the right to exemise the same in the -event of any subsequent default. ~ It is further ~greed that the Maker and each endorser, surety, guarantor, jointly and eeverally, ahail pay all costs of rnllection of this Note, including a reasonable attorney's fee. on failure to pay any Instalment Payment or any acerued . ; interest ~iue hereunder on the due date thereof. This Note and all aums due hereunder shall bear interest at the highest ~ ' lawful race of interesE per annum in the Stale of Florida from the date when the principal an~ accrued interest under ~ this Note shall be due and payable. The total interest payable hereunder shall not in any one year exceed the highest 3 lawful rate of interest in the State of Florida. t - This Note is secured by a Mortgage, dated the date hereof. of property situated in the State of Florida. • ' The Maker agrees that it shall bs bound by any agreement eztending the time or ~modifying the above terrns of ~ payment, made by the Payee and the owner or owners of the property affected by said Mortgage, whether with or with- ; out notice to the Maker, and the Maker shall continue liable ta pay_the amount due hereunder. but ~zth interest at a ~ rate no greater than the Interest Rate, according to the :erms of any such agreement of extension or modification. ~ ~ ~ The unpaid balance of the Principal Amou.~t, plus accrued interest shall become due and payable at the option of the Payee under the happening of an event by which said balance ahall or may become due and pafable under the terms ? ~ of said 1Vlortgage. _ s . r 'I'his Note may not be changed oially, but only by an agreement in writing, signed by t~e party against whom en- ~ forcement of any waiver, change, modification or discharge is sought. - All parties t., this No!e, w; ether Maker, principal, surety, guarantor or endorser, hereby waive presentment for " payment, demand, protest, notice of prott~: and notice of dishonar, and e:pressly agree jointly a~d severally !o remain and continue bound for thz payment of the principal and interest pm~zded f<ir by the terms of this Note, notwithstanding f ~ any extension or extension9 of the time of, or foi the payment ot said principal or interest, or any change. or rhanges in 4 the amount or amounts agreed to be~aid under or by virtue of the obligatian to pay provided for in this Note, or any ~ ~ change or changes by way oi release or surrender or substitution of any real property~and collateral, or either, held as ~ security for this IVote. and K~aive all and every kind of notice nf such e:tension or ertenaions, change or changes, and - agree that the sama may be made without the joinder of the Maker. ~ - - • - _ - - ~ - A~~8J3: - Zi}~.~ ~3~.d~3i~'~ piY~114 ~ fort Pieras, Floridm 33~5~ - ~ _ ~ - - _ ~ _ ~ /s/ Harell Hancock - k -.g - . . _ ~ ~ . . . . . ' . . , - - ~ - t - - /s.J Edith Hancock _ . z ; . .1 ( ~ _ $OtRtK PAGE.~Uc~ F".tM 923 - PXI~IF3 BI S'iAPI