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MORTGAGE NOTE
s 6U, 000. 00 _ ~ SeptembQr 30 ,~9~Z
For value ra~ived, tha unde~sitned jointty aM sererally pmmise to pay to the o~det ot . '
First National Bank of Fort Pierce '
300 South Sixth Street ~
Fort Pierce, Florida ~
the principai wm of Si ~ct~ thnust nd--•..•._-•••----~--------- Dollus. ~
with interest thereon from date at the rate of o_~~_pe~ ceat per annum: the inte~ast and principsl o[ this note to be
paid as foUows: _
~
On or before December 10, 1977', all interest du~e on all tunds ~
disburse8 to Payort thereafter in equal succeasive monthly ~
ins tallments as follati+s :
g~~~;,,~ a, Januazy ZO , t93$., tne wm or no~tus. ~
_ and the sarae:mouni on the same day of ach month for tT consscutive months until this ~ote is pa' . ~
The aforesaid payments are to be applied fust to inte~est at the rate aforeuid due upon the principal sum or so much thereoi ~
u shall fmm time to time remain unpaid. and the balanoe ot qch payment s1uU be apptied to tht reductan o[ the principaf. ~
All payments of interest and principal are payabk at the office of the Payx i~ the city abore sei forih, or at such other ~
plac~e u the holder may desgnate in writu48. in lawful money ot the Uaited Sntes. If any of said payme~ts of iaterest aad i
principal shall not be paid when due thea the entite principal wm and accured iaterest sluU become due and payabk at onoe, at ~
the option of the hoWer of this note. ~
'lliis note o to be eonstrued and enfonxd aocordiaa to the law: of the State of Florida. and 'u secured by mort~e oa ral - :
i
~a« n,tee Sept. 30 ,19~, -
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If detault be made in the payment of aay of uid sums or intercst or in the pedormana of any a6reements conuined here,
w in pedormance o[ the terms of the mortgagee securina this note, then, at the optan of the hdder of the same, the princiPal
wm then rortuir+irg unWid with accrued interest shaU immediately baome due~ payabk and coIIectibk without notice. time
being ot the e~ueence of this contract, and uid principal wm aad said accrued interesi shall beu interest at maximum rate thcn
allowed by 4w~, from wch time until paid. The holder is 6iven aad ageed to hare the right o[ setoffa~ainst aQ deposits. accounts,
credit: and other property of each maker, gwnntor and endorser ia posseuion or rnntrol of the I~oWer for any and vuious wms
due hercunder, without requirement ot notice. ?
My m said note ~ mortasge to the coatnry aat~vithsw~diaa, aa int~ s1~1t~ ~ar~ed ot colkcted 'u? excess ~
i~ , t
of that aUo by Florida law. and in the event of the acakration of the mon~ "a~Ni the'~ot~11€ured thereby. any prepaid ~
aad unearned iaterat and points iu exoess of a lawful nte of iaterest to the dat~ p[ eq[aocmept ot payment shaU tbereupoa 6e ~
refunded to the Mori6asor automatiraUy by the czeditiqs of same a6ains~.tl~e sut~~n ~ue, bat wch credit shall not cure or ~
wnive any default occasioning acoekntion. F~
Each mater. ~wrantor and endoner waives presentmen~ protes~~~lOt~ !Q~ pro!`est and nodoe of dishonor and aarees to all
oosts, induding a rawmbk attomey's fee and any attorney's feis iacutleii~iun fppeal. whether suit be brousht or aot, if oounsel
shall aRer maturity of this note or default henuader~,or ~f3ader ~1 mori~p~je; be employed to calkct this note or to protect the
9tNllty tlll:(COf.. .z~ 'a
~ -
D~TAI~S Ofi LOAN
_ ~q
(~eck d appiiabb: 1. ~,8 No no ~tice of ra~tatin reqnued 3. O Notice of rocission requircd
No ibod ins~iraace requued 4. ? Flood insunnce required
MORTGAGE PAYMEN'I~rtnd~ in oonsecutive ~n~1~Ymentsof S~223. 79 wch, We tust of said pay-
ments due J~ll . 1~, , 197 8. CONSTRUCTION LOAN C~f
appGpbk): latetat accrued at~ST~ per annum payabk up to ~~~er 1 ~ ,19~_, on amounts
disbursed from the comtiuction Cund, on that date regular paymeats begn.
INSURANCE!~(~edit life and/or disab~7ity insurana not requaed, oftered or pmvided fot. Aroperty inwrancs (fue and caswlty)
u nquired. Flood inwnnoe in certain derignated ueas is alw required. Mortgtge life inwnnoe is not required. Such insunnoe u ;
is rcquued or desirod may be obtained from or throuah any duly 4cenxd person or company that Borrowa may choose, subjed
to Lender's rigbt to nfuse an insurer for good ause. The Bank can, if you vvish. arrange for mortpEs life inwrance, but not for
property inwrance, fin insuranae or tlood insurance. ;
LATE PAYI~EM AND DEFAULT: Borrowecs are wbject to a late char~e not to exceod 296 of aay mstallment uapaid for l0
days aRer the due date with a miaimum char6e u may be reawnably 'unposed by the b~nlc fmm time to time; aft~ default or =
maturity the p~ wm remaining unpaid and accrued intenst shall both bear interest at the maximum nte then atlowed by 3
laa. Bocrmren pay all oosts of collectioa. ;
SECURCTY AND SETOFF: Loan is socured by a mortga~ee of Sept. 3~ ~ t9~.~on the ra! estate above des-
cn'bed. together with aU applianoes and items now or hereaRer attached to or plsced oa the propetty and considered fixtures
The Bank is pren the ri~ht of setoR a~inst all deposits, crcdits aad other property of Borro~ers in the posseuioa or controf af
the Bank. for the indebtedness, thouEh unmatured The mortga~e aiU sec~ue luture or otha indebtedness and will cover after
acquired property. PREPAYMEM': Borro~rers may at aaY ~ P~Y in full or in pan any unpaid balance withoutpe nalty.
My putial prepayment shall be applia! asainst the sums which wnU lut become due hereunder but slull not otberwise atfect the
due dates a amounts of payments. ASSUMPftON: If aswmption of this ban u permitted by Banlc, Bank ~vill charse a servioe
fee for said aswmption. Such uwmption shall be graated at the bank's sole discretion.
1 acknowiedge the reeeipt of a compkted copy of this note prior to signature, and that it is ooneci.
Maker'sAddress:p•~•IIOX 3586 FIRST tINITED METHODIST QiURCH OF
Ft.Pierce,F1a.33450 FORT PIERCE, INC.
BY :
Bruce F. Goodwyn •
< r .
President _ ~ ~s~A~~ "r ~
~ ; ~ i1 ~ ~ 5
ATTEST:
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