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• • MORTGAGB NOTE . ~
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' = 70, 000. 00 . =3L1L~' f~ .19~.
F~ ratue racehrod. t4e undersi~ed joiatly and ~erenllY PromMe to pay to tbe adsr ot
FIRST NATIONAL BANR OF FORT pIERCB
the prindpai wm or-SEVENTY TI~IOUSAND ~ OQ/100thB-_•.•••~.---------------~p~, ~
~rith inurast the~eoa from date st the rate of_~~~ eer e.~~ se. ~nn~~n; tM iwweu ~,u1 ~ to Oe ~
paid as tolloMtt: - - - ° _ T
Principal paymenta in ths amount of $1~,004.40 shall be ~
, _ paid annually Mith the tiret payment to be made on
' January 4, 197~. Interest p~?yments shall be made ~
quarterly with the firat qusster beinq in the amaunt-of
51,639.73= . .
Be~innint on .19 :
~ tdc wm ot ~p~,~ .
aad thc same amount oa tlu saa~e da~af ach montR for coa~aa~We moatA: uatil thi: aote b paid.
Ths atoraeidpay a~euts ue tu be spp{ieA-~frst to interest at the rate dores~W due upon ihe ptindptl wm or so myd~ tMcw( #
as ~aU [rom time to time remsia unpaid, and the balance of each paymeat thW be spplied to the eeduetiou ot the,principtl, ~
~ P~Ymeaq of iaterest aad pri~cipal arc payabb at the oftke ot the p~yee fin the dtr aDare set forih. or u such oNrer ;
plsoc a~ the hader may ~te in wm;na, in tawtul money of the United Saca. 1t aar ot ale pa~rma~a of iatarast and 4
p~ir~ipal shW not be paid ~vh~a dqe tAa~t thE enthe p~ipal wm aad sccuted intermt sh~U beooma due aad pa7?abk~tanoe. at
the optioa of the hoider of this aote. i
~ `R~h ~ote i~ to be oudsuuod atid eaforeed socordiu~ to tbe lairi of tbe State ot P1orWa. aad is ~eared bp aaitZy~ oa rpl ~
estate DRted ,19~.
~ If detautt be made ia tbe payaMnt of my ot ssid wros or interest or ia the pedorm~noe of aap ageeaseatt coatsiaed here.
or in pedo~manca ot the terms ot tha n~ort~ee ~ea~fi~ this aote. then. at the aptioe of the holder ot tM wae, We principd
_ wm thee manioie~ unpaW with accrued Literat sbail iauaedlateb~ bxoa~s due, p~rabie ~ad coYect~ie ~rlthout aofice. tims
- beins o[ We esfeaoe of thi~ contrsct. and said pr~p~~l sum aad ~id aocrued intanri ~Aall be~ leterat at an~mmon rate tl~ea
atto~red by ia~v, Goa~ wch tlme untii paid. Tbe bolder ~S siree aad asteed to hare tbs risht of ~etaft a8
aed~t: and othet ~~n ~ depo~ia. socouat~.
pmpecty of eacR malcer, toc aad eodorser ia a or coatrol of We [or ae~r ~ad vubus w~
due he[eaeder. Nrithont tequirement of ootke.
My ~laa~ in ~id note a mort~a to the oontraqr aotwtthsaodiaj
_ of tl~at alb~ed b~y
Florida law, ud ia the ereat of the acoekaaHoa o[ the • no in ~ ~ P~~ ~
and ura~d iutarest and poiats in axoa~ of a law~nl nta ot interest to the t of t shait tbetaupon be
~ ~e~~
~~~Yortppu a~tom~~' bY the ciedide` ot ~ame a ue, _ t aedit tAall not cure or 4
ooadoain~ aooekratbn. '
EacA ~naka. iwrantor aed eador~ w~aives presen m and notjoe of di~hoaa and sgees w ait
oosts, iadudia~ a rasot~ble sttoraey's tae aad uiy att s whetLer mit be broujht or not, it oomuel ~
sball aRer matwity of this nou or def~ult herwnder a mo . empbyed to coilect this note or to protect the ~
xcutity tNe[eo!
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OF LOAN -
CL~et ~ ~ ~
appiiable: i ot nqu~ed 3. O Notice of raistion nqwrod ,
required 4. D Ftood ias~uanoe requued - i
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MORTGAGE PA in con~ecutire ~~ymcnts ot i,._.,, acb. tbe fint ot ssid pay- ~
meats due . 19 . Payments maY ~1ude wc and iawraaoe esao~v. QONSIRUCIION LOAN (if
app~abb): Interat acciued as 96 per annum payabk uP ~ .19 . on amouats ~ ~
disbu~ed imm t6e ooastrnction fund. on Uut date iautu payaeats be~i~. _
WSURANCE: t~rediR life and/a di.~a6ilit~r iawrance aot requhed, otteted ar pm~ided fot. Ynopatiy irtwraooe (tice ud aswlty) • i
is required. Elood iswranoe in cemin desi~ted uds is also required. Mortpys life io~raooe b not requhcd. Snc6 ~asurana as i
~ ceqvirod or deslced may be obtained fmro or tluou~ aey duly llaa~al Person or co~nP~uY t6at Borm~rar m~y cimote, wbjea ~
to Lender's ti~kt to refwe ae iASnrer fa aood cawe. 7be Bad~ can, if rou wb6. uaq~e for
Pt~Y bauaooe. fice in~uanoe or Aood imnraaoc. ~~fe inwranoe. bnt not far
s
LATE PAYI[FNP AND DEFAULT: B~ro~en are wbject to a bte char~e not to azaed 2~ ot asy insisiiment unpaid for 10
days after ths due dau wlth a miaimam c6uae as may be reas~oaWr imPo~ed bY tLe bank tmm tLoe to lime: after detsdt or a
law Bo~~row+ers~pa
~ oo~coUe~u
aud acaued intaest shall both bar interat at tbe maxinwm nia Wen alle~red b~r ~
~
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SECURITY AND SETOFF: l.oan is secured by a mottp~e of ,-19 on tha ceal esnte abore des-
• rn'bed. ta~ether ~nW ~F applianoes aad jtems now or haatta attsched to or plsoed oa tbe pto~actr ud con~idared Hxtura.
The Badc n ~iven the ris6t of ~st~~u~ all deposits, eredits and otber property d 8amwen m t6e poae~ion or coatroi at
t6e Bank, [or tLe uadebtedae~, unantnred The awrtp,e wH1 ~ecare future or other indebtednw aod wID wrer atta
M~rti~l shAWY
6e ~ ~ea aay at aay tLne repa~? ia [a9 a in put sn~r nnPaid balaeoe ~rtthantpen~ ty. .
due uata or amounb of ~r ~~n ~ ban is~ hereund~ MK ~haii aot otl~isa atrect t1~e
fee for ~aid don. ~ ments ASSlJMP110N: If permitted by Baal~. Bad~ w~ill cbaQe a ~enioe
a~nmp ' S~h aswmpblon ~haU tis 6raated at tbe banlc's wle diiccetiaa.
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t ackno~rledae the reoeipt of a compktcd copy of tl~is note prio~ to sigaature, and that it is ooaect. -
Mslcer's Addras:
Post Office Box 471 ~
WALTSR L . CARLTON ~sE~L)
Fort Pierce, Florida 33450
cs~.)
. • (SEAL)
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. JAN ~ ~ PA ' ( ~s~., ~
~ FI! ED 1?x3 =c~:cr ~+`-L•
• S1.LULi~ ~'Siki'.F:.~.
RCGEii ~C, ~ ' S
, CLERR CtR~t~~+ CailRT
- . - ItECORO vER~F~E[~ ____.,.y.~ .
_ PA6E ~ - -
~ SPECIYEN
Fes ise a.k an6 - -
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