HomeMy WebLinkAbout0021 MORTGAGE NOTE
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,19
For valur receired,lhe u~ler,~gnrd j.~mU~• ~rxi stvcratly prumise to pay to tht order i~f
I3'•::':i'~± ~i;~`7`~~ Il ~ZO~`2tji1 J~~1;<~.1£; C:UI•4'AY'r2~lUR
theprinripalsumu! ~`lY ~~Lti 1~ht:li::;LI1C~ i'2VC ;;ll11cj2E'i? a~id TlO~1dn--------- pollars,
with intrrest thercon irom date at the rate of ~ pe~ .tint pe~ annum; the interal and principal of this note to be
paid as fo!lows:
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BeRinningon . l91L_, the wm f .`.:~te~1'E~~.~ " ~ ~::i' .:G• Dollan,
atxl the same amount on thr ~ame day of each month for consecutive munths until thic note ie paid.
The afores~id payments are to be apptied first to interest at the rato afotesaid dut upon the principal sum or so much thereof
as shall from time t~ lime remain unpaid, •rnd the balance of each payment shall be eppliE~d to the reduction of the principal.
All payments of interest and principal are payabk at the office of the paya in the city abore xt focth, or at such other
placr as the holder may drsignate in w-riting, in lawful money of the Ueited States. !f any of said payments of interest and
principal shall not be paid when due then the emire prinripal sum and accrued interest shall become due and payabk at once, at
the optiun of the holder of this note.
This no is to be construed and enforred according to the taw~s of the3tate of Florida, and is secured by mortgage on rtal
atate Dated , 19 ~ 7 _
If default made in the payment of any of said sums ur interest or in thr perform~nce of any agrcements contained here,
or in performance of 1hr terms of the mortg,a~[e secuting this note, then, at the option of the hdder o( the same, the principal
sum then temaini~ unpaid with acctued intetest shall immediately become due, payabk and colkctibk wiihout notice, time
being of the essence of this cuntract, and said principal wm and said acerucd interest shall beat interest at maximum nte then
allow•ed by law, from wch time unul paid. The holder is given and agrced to have the right of setofta~ainst alI deposits, accounts,
' credits and othet properry oP ea~h maker, guarantor and endorset in possession ot toptrol of the holder for an)• and various wms
due hereunder, w•ithout requirement of notice.
Any langwge in said note or mortgage to the contruy notwithstapdm~. ao intezest sfiall be char~ted or collected in excess
of that allowed by Florida law•, and in the event of the acceleration of tha mortpge, attd the notes secu~ed thereby, any prepaid
and unearned interest and points in exau of a lawful nte of intetest to If~e dabe o[ enforcement of payment shall thereupon be
refunded to the Mortgagor automaticaliy by the credidng of same against the sum then due, but such credit shall not cure or
waive any default occasioning acceleration.
Earh makct, guarantor and endorser waives pre~entment. protess, notice of protest and notice of dishonot and agrees to all
costs, including a reasonable attorney's fee atld any att~rney's fets incurrcd on appeal, whether wit be btought or not, if counsel
shall after maturity of this ~ote or default heteundu or under said mortgage, be employed to coUect this note or to protect the
security thereof.
. DETAILS OF LOAN
Q~eck if applicable: 1. C] f~o noti~e of rcc~s~ion rcquired 3. ~ Notire of reciuion required
~ I~a 8ood insuranre requirrd 4. f] Flood insurance required
MORTGAGE PAYNENTS made in ~~_~~-TCOnserutive j~papments of S~`} i'~~ , each, the fiat of said pay-
ments due , l9~ ~ . Payments may include tax and insuranre escrow. CONSTRliCT10N LOAN (if
rpplicable): Interest accrued at ~ per ennum payabk up to , 19 , on amounis ~
disbursed from the construction'fund, on that date regular payments bepjn.
INSURANCE: Credit life and/or disability inwrance not required, offered or provided for. Property insurance (firc and casualt~ )
is required. I~lood insurance irt certaia de~igruted ueas is also nquired. ~lo~tgage life insurance is not required. Such insurance as
is requircd ot desired may be obtained from or through any duly licerised person or company that Bonower may choose, subject
to Lender's rip,ht to reCuse an insurer for good cause. The Bank can, if you w~ish, urarege ior mortgage life inwrance, but not for
property insurance, firt insutance or flood insurance.
LATf: PAYbtEM' AND DEFAULT: Bottow-ets aie subject to a late chuge not to exceed 2x of any installment unpaid fot 10
days after the due date with a minimum charge as may be reuonably imposed 6y ihe bank from time to time; after default or
matariiy ihe prireripal sum remaining unpaid and accrued interest shalt both bear interest at the maximum nte then allowed by
law. Bortoa•ers shall pay all costs of collection. ~y~
•
SECURITY ANU SETOFF: Loan is secured by a mort@age of ~//d1 G , 19r r on the real estate described,
therein together with att appliancrs and items rtow or hetr~fter attach to or placed on the property and consedered fixtures.
The Bank is given the right of utoff against aU deposits, crcdits and o er property oi Borrov~en in the possession or control of
the Bank, for the indebtedness, thougft unmatured. The mortgage will secure future or otha indebtedness and will cover after
acqu'ued property. PREPAY11fENi: Borrov?-ers may at any time prepay in full or in part any nnpaid balu?ce withoutpe mlty.
Any partial prepayment shall be applied against the sums which v~ill last become due hereunder but shall not otherwise affect the
due dates or amounts of payments. ASSUMPT?ON: If assumption of this loan is permitted by Bank, Bank wi11 charge a service
fee f~t said assumption. Such astumption shall be granted at the bank's sole discretion.
1 arknow•ledge the rcceipt of a compieted copy of this note pnor to si~nature, and ihat et is rnrtert.
\laker'c Address:
' i , ;2` i ` SL~.~r~ -r~'T !SEAL1 .
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~~f'~ i'~ Y. . ~~rr+- C`. (SEAL)
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ISEAL)
EXHIBIT A
sPec~!?iF:x 6dOK~?VO IMfrE
F B~ 164 RW. 4/76
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