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Home My WebLink About2907 ~PERMANENTI ~ ' ! M~RTGA~E NOTE _ ; , _ . { Principnl Amount: Dntc ot Nate: June 23, 1975 ~ s 75, OOi~. 00 ~ ; . ~ r~ta~Ur?ey liate: 5 years ~ t , ~ Interest Rnte: 8 ~ ~ a 4 Amortization Period: From the ~ny hereot to the Mnturity 1)ate. ~ ~ ~ ~ Instnlment Pnyment: 59 ~~1 ~~~lr ~~~~ts ol ~930.00 esch, faciudi.c~ intoreat, ~ ~ oa~ 60tb. psymeot wrhicb s2ra11 be the bslaaca oi the Yaort~age. First Instz~lment Payment 1 . 's i , ~ . - ~ ' FOR VAI.UE RECEIVED, the undersigned and if more than one, jointly and severally (the \iaker), docs hereby ~ co~•enunt and promise to pay to the order of Sun J3nnk of St. l.ucie County or to its successors or assigns (collecti~~ely the ~ • Payee). at its principal office at 111 Orange ~~•e., Fort Pierce~ Flu. or at such other place ns the Pnyee may designute ~ to the :Vlaker in H•riting from time to time, in legal tender of the United States, the PrincipAl Amount together ~sith # interest nt the Interest Rate on the unpaid balance of the Principal Amount. ~ . The sums due ~nd owinR hereunder shall be payable- during the Amortization Period in equnl monthly inst~3lments, each in the nmount of the Instalment Payment, the [irst such Instalment Payment to be made on the First Instalment ~ ~ Pnyment Date and subsequent Instalment Puyments on the titst day of e~ch month thereatter until the l~faturity Date ~ whereupon the entire unpaid balance of principal And interest Acrrued nnd unpaid tnereon shAll become due and pay- ~ able; each such instatment when paid shall be applied tirst to the payment of interest on the unp~id balar~ce flt the In- terest R.~~te and the remainder thereot to payment on account of principuL - - If any Instalment Pnyment shall not be paid when due, then the entire principal sum and ncctued interest here- ~ under shall become due and payable at once or thereafter, ~t the option of th~ !:~!3~: of this N~F°. '!'h~ Pug'~c .:~~.y, ut ~ its option, coUect a lnte churge not to exceed two cents !or each one dollar of each Instalment Puyment not paid when due to reimburse the Payee for expenses of servicing delinquent Instalment Payments. Failure to exercise these options ~ shalt not constitute a waiver of the right to exemise the same in the event of ~ny subsequent default. , ~ It is further agreed that the Maker an~ each endorser, surety, guarantor, jointly and se~•erally, shall~pay al! costs of - collection of this Note, including a reasonable altorney's fee, on failure to pay any Iiistaiment Payment or any acerued interest due hereunder on the due date thereof. This Note and ~ll 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 Note shall be due and payable. The total interest payable hereunder shall not in any one year exceed the highest ~ - lawful rate of interest in Uie State ef Florida. - ~ - - . ~ ~ This Note is secured by a Mortgage, dated the date hereof, of property situated in the Stute of Florida. . - . ~ The riaker agrees that it shall be bound by any agreeme~it extending the time or modi[ying the above terms of ~ ~ payment, made by the Payee Fu?d the owner or owners of the property lttected 6y said Mortgage, r~hether K•ith or w-ith- 3 out notice ~to the l~iaker, and the Maker shall continue liable to pay the amount due heizunder, but with interest at a ~ i _ rate no greater than the Interest Rate, accordinR to the terms of any such agreeTnent of extension or modification. ; . - . - t he unpaid balance ef the Principal Amount, plus accrued interest shall Uecome due and payable at the option nt ~ the Payee under the happening of an event by which s~id balance shall or may become due and payable under the terms ~ - of said Mortga~e_ - ~ f ~ ~ I This Note may not be changeci orally, but only by an agreement in writing, signed by the party against whom en- - forcement of any waiver, change, modiEication or discharge is sought ~ ~ - . ~ ~ All parties to this Note, whether hiaker, principai, surety, guarantor or enciorser, herPhy waive presentment for t ~ payment, deman~l, protest, notice ~f protest, and notice of.dishonor, and expressly agree jointly and severally to remain ; an~1 continue bound for the payment oF the princiF~at and iuterest pmvided [or by the terms of t6is Note, notwithstanding - ~ any exfension or extensions ot the time of, or for the payment of said principal or interest, or any change or changes in l the amuunt or amounts agreed to be paid under or by virtue ot the obligation to pay nrovided for in this Note, or any ~ change or changes bv way of release or surrender or substitution of any real pmperty and collateral, or either, held as - security [or this Note, and w-ai~e all and e~°ery kind of notice of such extension or extensions, change or changes, and ~ agres that thP samP m~y be made without the joinder of the Diaker. ~ . _ ~ _ - JACOBS4N REA, INC. - BY= /s/ Donald E. Jacobson _ President - ~ ~ ~~j , ~ BOOK ~~t~ PAGE~~7UJ ~ F"s3! 323 - Fn7l7:F: EI EI'/,~i ' . . - ~ ~