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MORTGAGE NOTE
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For ralue rcceived. the uedetsitned Jointly and sevetally promise to pay to tbe order of
:~i~. ~`i .:,:1'I IUIv.'~L GA:~}t :~3• }'i , i~~ ~ i.t i,~ ~ t . :•ic:r~:ca, ~ :t„r.;;~:.
thepdncipalwmof"------OI.t~ r~~c~, c•~r:, E~~; i_;?+:.>t~;;;~ ~:i, f i i3~i• Dollus.
with intenst thereon from date at the ate of per oent per annum; the interest and principal ot this note to be
paid as foUov~s:
BedinninE on i.; t t: r : ~ ~ t T' i ~ . , 19' ~ . the suA~ of~. . . _ _ . - - . ` , , , . . ; ~ - - - - - _ . . . poUan~
and the same amount on the same day of each month for consecutive moaths undl this aote is pajd.
The afonsaid Qayments ue to be applied fint to interest at the nte a[oraaid due upon the ptincipal wm or so much thereot
u slull from hme to time temaia unpaid, and the balance ot each paymeot shaU be apptied to the reductwn oi the principal.
Au ~ymenu of iacerou snd principat ue psyaDk a~ che oifice of iha payee in ~he ciir above see [onh. or at wch other
place u the Twlder may desisnate in wrritin6, in lawfut money of the Uaited Sutes. It any of said payments of interest and
principal shall not be paid when due then the entire principal sum and accured iaterest shaU beoome due and payable at onoe. at
the option of We holder of Wis note.
This note is to be oonstneed and enforced aocordio~ to the lavs o[ ihe State of Florida. and is sewred by awrt~e on ral
esate Dated ~ ! t < ~ t ~ : : , •3 ~'iq 7 "i .
I[ detault be made in the payment of any ot uid surtu or interest or in the performanoe of any a~eemenb contaiaed hae.
or in pedormanoe of the terms of the mortgaaee securin6 this note, then, at the optan o[ the hdder of the same. the principal
wm then remainins unpaid ~vith accrued interat shali immedistely baome due. payabk aad colkctibb without notia, time
beina ot the essence of this contract. and said rincipal wm and said aceeuod interest shall bear interest at maximum nte ihen
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allowed by law, from such time unW paid. The older is airen and a~eed to hare the riaht of setoff ainst all deposits. accouats,
cndits aad other property of ach maker. swrantor and endorser in posseuion or oontrd of the~a for any and vuious sums
due hereunder, writhout nquirement of notice.
My1~ m nid note or mort~ to the contnty notwith:taedins. ao int~e st ~ ar~ed or coliected in axoess
of that aUowed 1by eFlorida law+, and in the ereat of the acakratioa of the mort ;
alfli Ne t1~ebY. ~Y PnP~
and unearaed intecest aad poinb ia exceu o[ a lawrful rate of interest to ihe tZ oroemdp t of yment s6d1 thenupon be -
refunded to the Idortpaor a~tortaticxll)~ by tl~e credidns of sune apia: e su ue,~ at wch credit shaU aot cure oc
waive aay default oocaria~nina acoekntioa. ~
Each maker. auarantor aad endorser w~aiva pcesentmen mt ~ pr t and notica of di~l?oaor and a6rees to all
aosts. induding a rasombk attorney's fx and any attorr~y{s incu n . w~het6er sult be btousht or not~ if coun~el
shall after maturity of this note or default hereuader 'tJ~dec mo , be employed to coliect this note or to protect the
securitY thereot.
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~ OF LOAN -
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(]~eck it applicabie: 1,.. [H~no~ of required 3.- Lit :1Notlce,6f i~oioi#ioo.~ed
~ Na'~ inwrance requircd 4. ? Flood inwrance required
MOR'PGAGE PAYME m-~7 oonsecutiv~.''~'ti payments of ~ s-' ~i ach, thc fitst of said pay-
ments due'' 19` 1. Payments may include tu and inwnnce escroa. ()ONSTRl1C1"ION LOAN (if
app6able): lnterat accrued at `X~ pet annum payabk up to 1~~ ,19 , on amounts
disbursed from the constructioa fund. on that date teg~lsr payments bcsln.
I~ INSURANCE: (~edit life aad/or disability inwrance not required. offered or prorided for. Property inwrance (fue and cawalty) .
is required. Flood inwnnoe in certaia daignated uas is also required. Mortaage lite insiuana is not required. Such inwnna u
is required or de:ired may be obtined fmm or thra~h any duly liansed persoa or company that Bono~a may choose. subjed
~ to Lender's riafit to refuse m insurcr for 6ood cause. The Bank can, if you wrish, amnae for mort~e life wwrance. but not for
property iesunna, fue insuranoe or }lood inwrana.
; - U1TE PAY~IEKf AND DEFAULT: Borrow+ers ue wbject to a late chu6e not to exceed 296 of any insWlment uapaid for 10 j
~ days aRer the due date with a minimum charge u may be nasonably imposed by the bank from time to tnne; aftex default or
maturity the ri~ip sum remaining unpaid and accrued interest s1uU both bar interest at the maximum nte thea aliowed by
Iaw. Bonorvenp shaU ~pay alt costs of cdkction.
SECURITY AND SEI'OFF: Loan is sxurod by a mort~e.of - ` , 19 ~ ~ on the rea! estate above des-
cn'bed. to6ether with aU applianoes and items now or hereafter anached to or placed on the propaty aad coosidend Cuctuns
The Bank is gven the right of setotf t all depo~ts, crodiu and other property of Borrowen in the possession or ooatcol of
the Bank, [or the indebtedness. Wou~i
u~nmatured. The mort6a~e wn71 secure future or otha indebtedncu and will corer after
aoquired property. PREPAYNENI': Borrow~en may at any tLne prcpay ia f~ill or in part any anpaid balance ~vithoutpe nalty:
M?Y P~~ PnMY~nt slull be applied a6ainst the wms which w~ill last become due hereunder but stiall rwt othenvi~e atfect the
due data w amounts of qyments. ASSUMPTION: if assumptan ot this toan is permitted by Banlc. Banlc will charae a servioe
fx for said assumption. Such assumption shall be granled at the baak's sok discretion.
1 acknowledge the rcaipt of a completed copy of this note prior to signature, and that it is cortect.
Maker's Address:
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~ fILED ANO RECORUEG
~ ' ST. LUCIE COUNTT FL~.
~ ROGEA POITRAS
~ r' f 'K ; ~CJIT COUkT
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