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Home My WebLink About2497 1 ~))y ~ ~PFqMAN[NTI ~ 1 ~ E 1 e ~ i f MORTGAGE NOTE ~ , f 3 6 Date o~ Note:JL1t7?e 2!} ~ 1975 # Ptincipal Amount: S1~OO• Qfl i ; Maturity Dnte: ~6 Manths ~ lnterest Rnte: ~~5~ j ~ 7 Amortiu~tan Period: From Ihe day hereof to the Mnturity Date. ~ ' ~ Instnlment Pnyment: a6 ~ ~ ~ First Instalment Payment Dnte: ~uCf 1~A't ~ ~ 14~5 ~ ~ . ~ ~ ~ FOB V~LUE RECEIVED, the undersi~ned and if more than one, jointly and severally (the ~~aker)~ does hereby ; , covennnt and promise to pay to the order of Sun Bank of St. Lucie County or to its successors or assigns (collectively the i Ya}ee)~ nt its principal office at 111 Orange A~•e., Fort Pierce~ Fla. or at such other place us the Payee may designate ~ ~ . to the \Saker in «•riting from time to time, in legal teniter of the United Stntes, the Principal Amount together Kith interest at the Interest Rate on the unpaid balance of the Principal Amount. i' 3 ~ - ' ' - . • . . . . ~ The sums due and owing hereunder shAll be pAynble during the Amortization Period in equal monthly instAiments, - e~ch in the amount ot the Instalment Payment, the [irst such It 'alment Payment to be made on the First Instaiment Payment Date and aubsequent Instalment Pnyments on tlie fitst day of each month therea[ter until the hiaturity Date ~ ; whereupon the entire unpaid balance of priRcipal And interest accrued and unpaid thereon shall become due and pay- able; each such instttiment when paid shall be applied tirst to the payment of interest on the unpaid balance at the In--~ - terest Rate and the remt~inder thereof to payment on Account of principnl. ~ ~ i ~ If any Instalment PAyment shall not be paid when due, then the entire principal sum and accrued interest here- . under shall become due and payabi8 at once or ihereafter, at the option of the hoider of this Note. The Payee may, at ' its option, collect a Inte charge not to exceed two cents for each one dollar of each Instalment Pt?yment not paid when ~ due :o reimburse the Puyee for expenses of servicing delinquent Instalment Payments. Failure to exemise these options . ~ shal! not constitute a wuiver ef the tight to exemise the same in the event of any subsequent default. - _ E It is further agreed that the 114aker and each endorser, surety. guarantor. jointly and aeverally, shall pay ull coats of ~ collection of this Note, including a reasonable attorney's fee, on failure to pay any Instalment Payment or any accrued _ interest due hereunder on the due dxte thereof. This Note and nll 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 } this I~tote shall be due and payable. The total interest payable hereunder shali not in any one year exceed the highest ~ lawful rate of interest in the State of Florida. ~ ~ - ~ _ . This Note is secured b a Mort a e, dated the date hereof, of Y 8 8 property situated in the State of Florida. t- _ - The b4aker agrees that it shall be bound by nny agreement extending the time or modifying the above terms of ~ payment,_ made by the Payee and the owner or owners of the property a[fected by said Mortgage, whether with or with- ~ 3~ ' out notece to the Maker, and the Maker shall continue liable to pay the amount due heteunder, but with interest at a ~ rate no greater than the Interest Rate, aecording to the ter*ns of any such agreement of extension or modification. The unpaid balance of the Principal Amount~ plus accrued interest shall become due and payable at the option of ~ the Payee under the happening of an e~ent by which said balance shall or may become due and payable under the terms ~ ~ i„~ of said T4ortgage. - - ~ _ . I` - _ i> - ~ - ~ This Note may not be changed orally, but only by an agreement in writing, signed by the party against whom en- ' _ ~ f~rcement of any waiver, change, modification or discharge is sought. . - ~ - All parties to this Note, rvhether biaker~principal, surety, guarantor or endorser, hereby waive presentment for ~ - payment, demand, protest, notice of protest, and notice of dishonor, and expressly agree ;ointly and severally to remain j and continue bound for the payment of the principal and interest pro~rided tor by the terms of this Note, notwithstanding • ~ any extension or extensions of the time ot, or for the payment of said principal or interest, or any change or changes in ~ - the amounl or amounts agreed to be paid under or by virtue o[ the obligation to pay provided for in this Note, or any , ~ ; change or changes by way of release or surrender or su~stitution of any real property and collateral, or either, held as ~ ~ security [or this Note, and en-aive all and every kind of notice of such extension or extensions, change or changes, and _ agree that the same may be made without the joinder of the Maker. _ ~ . - 1~dci~ress: 13,0~ i~tisaissippi ~ivenu~ - - s Fort Fieec~, Florida 33450~ - ~ } - - ` ~ /s/ Mae S. 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