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Home My WebLink About0650 MORTGAGE NOTE S 32 , Q!~0. 0'~ ~ecemb~r 1 ,19 7? f~r ralue rttitinrcd, the umlrr~igmvl juintiy and se~•erally prom?sr to pay to the ordar of ,;rrls~ti RFACft SA'J};, Jensen 13each, F2ori:la, tt~cprinc~Iwmuf =~~~IFTY-OVI: 'P?IOUSANU A~ZD 00/100 ^--(531,000.(!~) --Dullars, with ieterest therron from date at the rate of R 3 f 4 pe~ ~Ynt per annum; the inlerrst and p~incipal of this nute to be pad as fo11o~Y: ! Jar.uary 1 733 'I4~itF~: :il,~•tD~ hZ.~1F.' l~'sA R3/lCl(~ --~~~3n, Betanniry,t un , 19 the wm f and tht samt amount on lhe s•rmt day of each monih for _ consecutive months until this note is paid. The aioresaid pa~mrnts ue to be applied Grst to interest at ihe rate aforesaid due upon the principal wm or so much thereof as shaU from time to time rcmain unpaid, and the balan~ti of each payment shal! be applied -to the reduction of the principal. ~ poyments of interest and principal are payabk at the office of Ihe payee in the city above set forth, or at such other plaoe as the holder may designate in writing, in lawful money of the United States. If any of said payments of interest and pnn:~pai siuli aot be paid w~Aen due then the entire principal sum and accrua! interest shall berome due and payable at once, at - thr option of the hoider of this note. This aote is to be rnnstrued ar~d enforced according to the laws of the SWte Qf Florida, and is s~cured by mortgage on real estite Dated ~~.C ~ , l9~_7 If defatdt be made in the payment of any of said sums or interest or in the periormance of any agreements contained here, or in pedore+sace d the urms ot the mortg~ge securing this note, then, at the option of the holder of the same, the principal sum chca remauu~q[ unpaid with accrued interest shaU immediately beeome due, payable and collretibk without notice, time beinle of the esxace of this contract, and said principal wm and said acerued interest shall beu interest at maximum rate then allo~~ed by la~r, hom wch time until paid. The holder is giren and agreed to have the right of setoft against all deposits, accounts, cecdits aud othrr property of each maker, gwrantor and endorver in possession or control of the holder for any and rarious sums ~i~ heirunder, withaut requitement of notice. Aay laaEw~e in said note or mortga~te to the contruy notwithstanding, no interest slull be charged or collected in excess of that a1bs~M by Florida lao, and in the event of the accelention of the mortgage, and the notes secured thereby, any prepaid aad uneamed ir+terest and points in excess of a lawful nte of interest to the date of enforcement of payment shall the~.upon be refuadod to the Ufo~tp~eor automaticaUy by the crediting of same agiinst ihe sum then due, but such eredit shall not cure or a?~nr any debuit ocasioni~t accekntion. E~cd maker, ~nearaator:nd endorser waives presentment, protest, notice of protest and notice of dishonor and agrees to al! .~ous, iodudi~ a rasombk attorney's fee and any attorney's fees incurrcd on appeal, v?•hethcr suit be brought or not, if counsel shaD after uuturity of this note or defauit hereunder or under said mortgage, be employod to colkct this note or to protect the m-unty theteof. DETAILS OF LOAPI CLert i! sppbtable: 1. ? No nonce of recission required 3_ ? Notice of mcission required 2_ ? No fluod insunnce required 4. ? Flood insurance required NOItTGAGE PAY\IE:~?S rtudz in 1$~cunsecutive ~1t-~S/payments of S 3~9. `33 each, the tirst of said pay- mems due J3t1t3r3r]I I , ~9 ?v Paymeots may include tax and insurance es~YOw. CONSTRUCTION LOAN (if ~ppti~-ybk?_ Iatemt accrued at per annum payabk up to , 19 , oa amounts disburxd trom thr cons~ruction fund, on that date regutu payments begin. Il`SLR~NCE: Crcdit life andlor disability insurance not required, offered or provided for. Property inwrance (fire and psualty) a required. Flood iawnace in cernin designated ueas is also required. \iongage life inwnnce is not required. Such inwrance as is required a derired may be obtained from or through any duly licensed person or company that Borrower may choose, subject to Leoder's ri6ht to rcfuse an insurer far good puse. The Banlc an, if you wish, ura~e for mortgage lite inwnnce, but not for property i~wuance. fue inwrance or flood inwrance. LATE PAYSIENC AND DEFAULT: BonoKtrs ue wbject to a late chuge not to exceed~ 2~ of any installment unpaid for )0 days aRer tl~e due date with a minimum char6e u may be reuonably imposed by the bank from time to time; after default or maiurity tbe principal sum remaining unpaid and accrued interest shall both bear interest at the maximum rate ihen altowed by las. Borrosrn sbatl pay a0 costs of cotkction. SECIJRITY AND SEIOfiF: Lwn is secured by a mortpge of ~r 1 , ~9 77 on the real estate deurbed, thereia tagether w~iU? all appliances and items now or herpfter attxhed to or placed on the property and considered fixtures. The Baot is prrn tde right of setoff apinst all deposits, credits and other property of Borrowen in the possession or control of d~e Bank, for t6e indebtedness, thou6h unmaturod. The mortgage will secure futute or otha indebtedness and wil! cover after x'9uaed P~op~ertY. PREPAYNEM': Borrow~en may at any time prepay in full or in part any unpaid baiance withoutpe nalty. ~Y P~d Prspaywent shaU be applied against the wms which will last become due hereundtr but shall not otherwise affect the due dates or amounts of paymeats. ASSUMITION: If assumption of this ban is permitted by Bank. Banlc will charge a service fee !or said uwrt~rtion. Such assumption shall be gnnted at the bonk's sole discretion. i a:kno~kdFe eh~ rcti~,eipt of a completed copy of this note prior to signature, and that it is oorrect. W~Yer i Address: ? E 15 t.,eti tf a Str~E'L J . . ~ - , , . (SEAL) S (SEAL) Y,en:ice A. ~i.^.r~ane~l . 1SEAL) (SEAL) BORK2~ ~ ~ CUSTOMER COPY ~ ~s ~ ba Rtv. 4/76 _ - _ . . . - -