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Home My WebLink About0637 MORTGAGE NOTE : 160 , 000. 00 A~tnb.r Z1 ,~91Z For value receir~rd, the undersi6ned jointly and severally promisa to pay to the otde~ of FIRST t~TIONAL H~1t~1K Ot ~ORT pIS~CE. a F~d~ral bankinq oosporatioa . the ptincipsl wm o! • = Y DoQats, with interest thereon from date at the rate of, per ant per annum; the inteiat and principal of this note to be paid u foUows: t~~~ ` Beginnina oa ~1 1 . 197g the m Q]~ ~1i~0 1~ ~ DoUan. and the same amount on the same day of each month for_ ~~b consecutive months until this note is paid. Th~ und~rsiqned ahall pay iatore~t quartsrly a~ du~ prior - to April l, 1978. - The aforesaid payments ue to be applied fint to interest at the nte aforesaid due upon the prinapal wm or so much thereo[ as shall from time to time romaut unpaid. and the balance oC ach payment shaU be applied to the rcduction of the principal. All payments o[ irttercst and principal are paYabk at the office of the paya in the city above set forth, or at such other place u the holder may desismte in writing, in lawful money of the United Stata. U any of said payments of intercst and principal shall not be paid whrn due then the entire principal sum and accrued interest shall become due and payabk at oace, at the option of the holder of this note. This note is to be coastruod aad enforoed accordins to the laws ot the State of Florida, and 'u secured by mortga~e. on rcal esute Dated ~tO~~r Zl ,19~.~. tf default be made in the payment of any of said wms or interest or in the performana oC a~iy agreements contained hete, or in pedormance of the terms of the mortp6e securit~ this note, then, at the option of the holder of the same, the principal sum then remainin6 unpaid with accrued interat shaU immed'utely become due. payabk and rnUectibk ~vithout notice, time being of the ernnoe of this contract, and said ptincipal wm and said accrued interest shall bear interat at maximum rate then allowed by law, from wch dme until paid. The Aolder is 6iven and agreed to have the riaht of setoff against aU deposiu, accounts, credits and ot6er property of qch maker, gwnntor and endorser in possession or rnntrol of ihe holder for any and ruious sums due hereunder. without requireme~t of notice. . My la~w~e in said oote or mortaaae ro the contruy notwithstandina, no intenst shall be char6ed or colkcted in excau of that allowred by Flotida laa, atd. in the event of the acceknGon of the mortaage, and the notes xcured thereby. any ptepaid and unarned intemt and points in exass of a lawful rate of interest to the date of enforcement of payment shaU thereupon be nfunded to the Mortpgor automatially by the creditina of same aaainst the sum then due, but mch credit shall not cure or waive aay default ocasioning acoekntion. Each maker, Ewnntor and endorser waires prosentment. protest, notioe of protest and notice of dishonor and agrees to all oosts, iaclud'mg a reasombk attoraey's fee and any attorney's fees incur[ed on appal. whether wit be brouaht or not. if counsel shall aRer maturity of this aote or default hereunder or under said mort~e. be employed to colket this note or to pmtect the xcurity tltereof. _ DETAILS OF LOAN i QKCk it applicable: 1. O No notice of recission required 3. ~ Notice of rcciuion rcquired 2. O No tlood inwnnce required 4. D Flood inwrance requirod ' MORTGAGE PAYMENTS made in consecutive ~payments of S~-~-qS , each. the first of said pay- ~ mcats d~u ~l 1 1978 . Payments may include tu and insurance esctow. CONSTRUCTION LOAN (if appGcable): Interat acerued at per annom payabk up to ~ 1 , 19 78 , on amounts ~ d'ubursed from the rnnstruction fund, on that date regular paymeats begin. INSURANCE: Credit life andlor disability insunnce not required, offered or provided for. Property inwrance (fire and cawalty) is required. Flood inwrance in artain desisnated ueas is also required. Mortgase life inwtanoe is not required. Such inwnnoe u is required or desirod may be obtained from or through any duly Gcensed person or company that Bonowa may choose. wbjea to Lender's right to rcfuse afi inwrer for good cause. The Bank can. it you wish, unnge fot mortga6e life inwnnce, but not for property inwraace, C~re insunnoe or tlood inwrance. Ial'E PAYMENT AND DEFAULT: Bortowers are wbject to a late chu6e not to exceod 2~ of any insWlment unpaid for 10 days after the due date w~ith a minimum charae u may be rcuonabty imposed by the bank from time to time; after default or maturity the principal sum remaining uepaid and accrued iaterest shall both bar interest at the maximum nte then aUowed by law~. Boaowers shall pay all oosts of coUection. SECURITY AND SETOFF: Loan is secured by a mort~6e of OC~~= 21 . 19 77 oa the real esUte descr~bed, thenin to6ether with all applianoes and items aow~ or herditer attxhcd to or placed on the property and conddered fixtnres. The Bank is given the right o[ setoff apinst all deposits, ccodits and other property_of Borrowen ia the possession or oontrol of the Banlc, for the iadebtedaess, thouah unmatured. The mortaa~e rvill secure future or otha indebtedness and will corer afta aoquired property. PREPAYb[ENT: Borrow~en may at any time pnpny in fuU or in paR any unpaid balance withoutpe aalty. My partial prepayment shall be applied against the wms which w~ill last become due hereunder but shall not otherwise aftect the due dates or aaaunts of paymeat~ ASSUMP710N: If assumption of this ban is permitted by Bank. Bank wiU char6e a servioe ~ fx for said assumption. Such aswmption shaq be granted at the bank's sole discretion. a ~ I acknowledge the rcceipt of a compktod copy of this note prior to signature, and that it is oorrect. ~ ~ Alnker's Address: ~ 802-8 Nos~th 7th Strsat ~ ~ ~ (SEAL) ~ Fort Pieros, Florida 33450 (SEAL) ~ ~E~ (SEAL) . GE~R FO?TR~?S ^ n "t F-~ "_?Ltl!T CCU~'w~C. (SEAL) ~ -:f-.~~- ~ ~ 3 PN'7~ 35~5 ' ~ 0~ 15 2 i CUSTOMER COPY Fes ias a.k ~n6 600~~ ~ ~