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Home My WebLink About0888 ` MORTGAGE NOTE = 30,000.00 ~y l~ .,9 For vaiue receired, the unde~signed jointiy and sevenUy promise to pay to the order o( FIRST :1ATIONAL BANK OF FORT PIF.RCE. For~ Pierce. Florida, whose mailing address is: P. 0. Box 970. Fort Pierce~ Florida 33450 the principal sum of THIRTY THOUSAND and no/ 100- - - - - with intenst thereon from date at the nte of per cent pec annum; the interest aad ptiucipal of this note to be paid as foUows: nN nR AFF(~~A JUNE 1. 1978, Interest shall be payable quarterly. with the first intereat payment ~ to co~nence September 1, 1977. and each December 1, c4arch 1 and June 1 thereafter ~til the maturity of this note. The afo~esaid payments ue to be applied tirst to interest at the nte aforesaid due upon the principal sum or w much thereot u sAall [rom time to time ~emain unpaid. and the balanoe of ach payment shall be applkd to tde reductioa ot the principal. All payments of interest and principa! an payabk at the ofC~ce of the payee in the dty abave set forih. or at wch other place u the hoWer may designate in writing. in lawCul money of the United States. It aq~r ot said payments ot interest aad principal shaU not be paid when due then the entin principal wm and accured interest shall beoome due aad payabk at ona. at the option of the holder ot this note. 'tl~is uot~y ~~asuued and ~r~jorad aocordiaa to the laws of the State of Florida, and is secured br mortp~e oa ttal csate Dated ,19 ~ . I[ default be made in the payment of any of said sums or interest or in the performanct of wy asreemeats coatained hete. ~ or in pedormana ot the terms oi the mortgagee securin6 this note, then. at the option of the holdet of the same, the principal • sum thea rcmainiaa unpaid with accrued interest shall immed'utdy bocome due, payabk and colkctibk rvithout notice, time being of the essence of this contract, and said principal wm aad said accrued interest shallbear interast at maximum tate then allowed by law. from such time untii paid. The holder is given and agrced to hare the riaht of setaff ainst all deposits, aocounts. credits and otAer property of each maker. guarantor aad endorser in possession or coatrd of the~et tor aay and ruious wms due hercuoder. wit6out rcquircment of notia. ~ My lan6wae in said note or mortasae to the contrary aotMrithstandins, ao iate,~st ~ ar~ed or colketed 'm excess of that allowed by Florida I~w, and in the erenc of the accekntion of the mort , ailli the red thaeby, any prepaid and unearned intercst and points in exoess of a hwrful nte of interest to the tE ace t of p ment shall thenupoa be refunded to tha Mortaagor automadally by the crediting of same agains e s ue, ~ut such ctedit st~0 not cure or waire my de[aalt occasionina acoeleration. Each maker, guumtor and endorser w~aives presentmen ~rot ~ pr t md notice of dishonor and aarees to all oosts, including a rasombk attorney's fa and any attorney's~s inc n 1. w~hed~er wit be brouaht or aot. if counsei sluli after maturity of this note or defanlt hereunder _ot i~nder lrld mo ' , be employ~d to colket this note or to protect the securiry theteof. ' .;v - ` ~ ~3TAILS OF LOAN ~ ~ z; " ~ C7~edc it applicable: 1. I~ornoeioe of reqi~idn rcquired 3. ? Notice of recission required Z. f,A No=~ood inwnnce required 4. ~ Flood ins~uance required MORTGAGE PAYMENTStria~ in~oonsecutive ' payments of S--, each. the C~rst of said pay- meats due ,~9 . Payments may inciude tax and inwrance escrow. CONS'fRlJCftON LOAN C~ applicable): Interest accrued at 96 per annum payabk up to - ,19 on amounts i disbursed irom the construction fund. on that date ceaular payments be~in. ~ INSURANCE: Credit lite and/or disability iawrance not required. offered or provided for. Property inwraece (tue and asuaity) ~ ~ is required. Flood iawrance in ceruia desiamted aras is also required. Nortga~e life insurance is not requind. Such inwranoe u ~ is requirod or desired may be obtained from or through any duly lioenied person or company that Borrowa may choose. wbjed ~ to Lender's right to refuse an insurer f~ good cause. The Bank an, if you wish. unnge for mortpae lite u?wrance, but not fa property insurana. fin insurance or flood iasunnoe. LATE PAYMEM AND DEFA(JLT: Bortowers are wbject to a late charge not to exoeed 296 of any iastallment unpaid for 10 . days after the due date ~with a minimum chuge u may be nuonably imposod by the baak from dme to time; atta default oc matwity the priac~pal wm remaining unpaid and accrued interest s1uU both bear interest at the muimum nte thea allo+ved by law. Borrow~en shall pay ail oosts of colkction. SECURITY AND SETOFF: Loan is socured by a mortgage of I7 , 19 7 7 on We real estate abore des- cribed. tagether with aU appliances and items now or hereafta attached to or ptsced on the property and considered fixtures. ~ The Bank is 6iven the right of setoR a6ainst all depo~ts. credits and othet property of Borrowen ia We p~uion o[ control of the Bank. for the indebtedneu, thou~ unmatured. The mottaage w~ill secure future or other indebtcdness aad w~~l covec afta aoquiced pmperty. PREPAYMENf: Borrowers may at any time prepay in full or ia part aay unpaid balance wdthoutdfect ttyhe My partial pnQaymeat shall be applied against the sums ahich will iast become due hereunder but shall aot oWenrise due daus or amounts ot payments. ASSUMPTION: If assumption of this loan is permitted by Badc. Bank will charse a servioe fa for. said aswmption. Sach assumption shall be grantod at the bonlc's sole discretioa. I acknowle~ge the receipt of a completed copy of this note priot to signature, and that it is cortect. Maker's Address: ~~e t,dj.~~d ~-C.~ilQ~s-t- C'~~s~S A~ Z/~'~'L ~ ? ~ y~ (SEAL) ~ (SEAL) ~ i (SEAL) ' ~ ~ DOCUMENTARY ST~MPS IN THE AMOUNT OF $45.00 attached to original EXHIBIT "A" _ note and canceled. s~ ..E eb!faps ~ .c ~':~CUtT CCU~t ~ " .r.EO.~-r- o R M~,• 18 12 5a PM `~1 ~ BoaK ~ ~ ~7 ; SPECIMEN ~~35 Fss iw R.~ 4ne