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MUk'1~GAG~ NOT~ E
=3Q,000.00 Fort Pierce, Florida January 6 ,19~
Fo~ value rcceived, the under:iyned joinuy and ~venuy promise to ps~r to the order o~ FIRST NATIONAL BANK OF
FORT PIERCE, Fort Pierce, Florida, whose mailing.addresa is:
P. 0. Box 970, Fort Pferce, Florida 33450
the principd wm of '~~Y '~~USA~ gn(1 IIA/1 - - - - - - - - - Dollus,
with inte~eat thereon from date at tbe tate of ~~~e, per oeat pet anaum; tM intetest aod priacipal ot this note to be
paid ss [oUows:
Sixty (60) equal monthlq ayments~of SIX HUNDRED TWENTY-TWO and ~
76/100's Dollars ($622.76~
7b/100
Beginning on Fgb~ar,~L.ls . i9.ZZ. ~ wm or Six Hundred Ttaent -two &
ar~d the same amount on the ume day o[ ach month for consscutire mooths until thi: aote is paid. '
7?u atoresaid payments are to be applied fint to interest at tha nte aforeuid due upon the principal sum ot so much theteof -
as shaU from time to time remain unpai0. and the balaaoe ot each paymeat shaU be sppiied to the teduction of the principal.
Aii payment: ot interest and principal sn payable at tt~e offke of the payae in the city abore set forih. or at such othei -
place u the hoWer msy desigmte in writina, in lawful money o[ the U~ited States. I[ anr ot ssid pay+~?enEs of intenst and
prmc~pal shall not be paid whcn due then the eatire priocipsl sum and accured interesc ~aU beoome due and payabk at once. at
the option of lhe holdet of this aota ~
This r.ote is to be ooruuuod and enfotoed aooordina to ihe laws o! the Stste of Floiida. and is ucured by monp~e o~ teal
a,,~e p,~~ Jaituarv 6,19 77--
If default be made in the parment of any ot said sums or iatemt or in the performance of any agcxments contained hece.
or in performance o( the terms of the mortit,saee securi~ this note. then~ at the optan of tbe hoider of the same. the prini:ipal
wm then ~emainin~t unpaid with acen~ed iaterest shaq immod'utely bouomo due, payablc and co{kctible ~without notire. time
lxinX of the essence of this cont~xt, ami said p~incipal wm and said accru~tif intercst sFwil bcar interat at maximum rate Ihen
ail.~vred by law. frum wch tin?e until paid. Tho holdet is Aiven anb a6reed to have tho right o( setoff asainst aU deposils. acrounts. .
rrcdits arn1 uther property of acb makec.6wrantor and endoner in possession or oontrol o[ the holde~ ior any ami raraus wms
du~ hereunder. wv~tbont requirement of notice.
Any bn~waa ia saW note ot mortaaae io the conuuy notwithsundina. no interest shaq be charaed or colketed ie exccss
of that alluwed by Florida law. and in the,eveat of ttro accekntioa of the mortga~e. and the notes sew~ed thereby. any p~epaid
and unearned interest and poinu in excas of a bwful nte of iaterest to the date of enforceroeat of payment shatl ihereupon be
rzCundad to the Mort~,sgor automaticaUy by the creditiu6 0[ saate against the sum ttwa due, but wch aedit st~aU noi cure ot C
waivr any default occasionit~ aoakntioa.
Each maka. Ewrantor aad endotset maires pnsentment. protest, nouoe ot protest and notioe o! dishonor and a6rxs to all ~
n~sts. includina a reasombb attoraey': fee and aay attocney's fees incurrcd oa appeal. ruheeher wit be brought or noi. if counsei p
shall after maturity d thi: note or default henunder or w~der :aid mortsa~e. be employed to ooUect this aote ot to ptotect the Y ,
tecucity tttereot.
_ ~ DE7'AIIS OF LOAN . .
CUeck it appliable: i. C~ No notice of ncissioa c~quired 3. O Notica of reciuion roquired
I 2. Cx No flood inwrance required 4. L7 Flood inwnnce required
~ ]rlORTGAGE PAYMENTS made in~oonsecutire~:paYmeats of S~~'~s.a.~.~~. ach, the Crst ot sa+d Qay- ~
~ F 15
f inents due , . 19~. Payments may include wc and inwrance escrow. OONSTR[KTION LOAN (if
l
appli~ble): Interest accrued at 96 per annum payabk up to .19 . on smounts
~ duburu.d from the const~uction tund, on tiut date regular payments begin.
~ fNSURANCE: Credit life ~ndJor dirabiiily insunnae not aquirod, otfered or provided for. Property inwnnce (fue and aswlty)
~ is ~quired. i-lood inwrance in certain desigmted uas is also required. Mortgages life insuranae is not roqui~ed. Such inwrance u
` is requ'ued or desirod may be obtained fmm or througl? any duly Gcensed person or company that Borrower msy choose, subject
{ to I.ender's right to refuse an inweet for good cause. The Bank caa, if you wisi?. arran~e for tnortga6e life insunnce. but not tor
F property insurance, Tirc insurance ot tlood inwran~x.
j LATE PAYAtEKT AND DEFAULT: Borrow~ars ue wbject to a late chuge not to ezceed 29i ot any insia!lment uapaid for 10 . -
i days aRer the due date with a minimum charge as may be roasonably imposed by the bank from time to time; aftu default or _
~ nuturity tlx principal wm remaining unpaid and xcrued iaterest shall both bear interest at Ihe maximum rate the~ al(owad by
law. Bortov~Yrs shall pay aU rnsis ot cdlection.
SECUR1Tl' A:~ID S~TOFF: Loan is secured by a raortga~e ot J~~ 6 . 19 77 0o the ral estate ~bove des-
cribed. together arith aU appliances ued items now or herqfter attached to or placed on the property and tansidercd fixtures. -
The Bank is gire~ the rght of setot't a inst aU depo~ts. ctediu and other property of Borrowen in the posseuion or control of -
' the [tank, t'or ehe indebtedness, thou~i
unmatured. Tba moctp~e wrill secure t'uture or other indebtodness and will corer ofter
acquirod property. PREPAYMENT: 8orroxera may at any time prepay in fuU w in part any unQaid balaaa withoutpe aally.
Any portiaf piepayment shaU be applied against ihe wms ~rhich ~rill hn become due he~eundet but ~aU not otherwi9e atfect the •
due dates or a~oounu oi paymenes. ASSUMPT[ON: I[ aswmption o[ ehis ban is permitted by Baak. Bsnk wiU char8e a setria
j fce for iaid usumption. Such assumptioa sluU be guatod at tha bank's sole discntion.
~ 1 acknowtedgz tna reoe+pt oi a co~npkted copy of this not~ prior to signature. and tfia~ it is correct. _ _
~ ~t~k~~:naa~~: DIVING LOCKERS OF FLORIDA, INC.
I
~ R. D. ~1, Box 193C - /s~ Z~ (SEAL)
; am . ey, res e t
; Fort Pierce ~ F1 33450 Attest : ,r~c,
ic ~ , e ry
/s/ csi: `
i iam . ey, n i y
~
ce . , n i~dual y L~
State Documentary Stamps in the
amount of $45 . 00 attached, to, original -
i note and canceled. ~ t ~i p~:~1 , _
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6 R P~ITtiAS !
C~tR tRC~ITCO T • . , ,
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OR141NAL 354491 ~
. ~ ~a R~K 4/76 ~ •