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Home My WebLink About0951 MORTGAGE NOTE s::U, UOU . UO FeLruary 1 19 7~ t~or vatue rectived, the undersigned juintly and uveially prumist ~o pay to the order of FIKS'1 P~ATIUI*~AL `vAtrtt UI~ FOt:'i l'I:.f.l'i, thepri~ripalsumof 1H'LN'1~Y TtIOUSANL .~i,~: ~ -•----------------------Dollan, with interest thereon from date at the nte of - ~ per ~Yrtt pe~ annum: the interest and principal of ihis note to be paid as follows: , Beginning on 3:Ai'Cil 10 , ~97~ , the w pf ~~'r" Doilars, and tht same amount on the same day of each month for ~.t : conxcutive moaths untit this note is paid. The aforesaid payments are to be applied fint lo interest at the rate aforcsaid due upon the principal sum or so much thereof as shal! from time to time remain unpaid, and the balance of each payment shall be appfied to the reduction of the principai_ All payments of interest and principal are payable at the office of the payee in the city above set fortti, or ai such other place as the holder may designate in writing, in lawful money of the United Stata. !f any of said payments of intercst and principal shall not be paid when due then the entire principal sum and accruod interest shall become due and payabk at onoe, at the option of the hoider of this note. 77~is note is yto be mnstrued and enforcod according to the laws of the State of Florida, and is secuted by mortgage on rcal F@V • r'~ atate Ihted > 19 ~ If default be made in the payment of any oC said sums or interest o~ in the performance of any agreements conwined herc, or in performance of the tetms of the mortgase securin6 this note, the~, at the option of the holder of the same, thc principal sum then remainirta unpaid with acerued interest sha11 immediately become due, payabk and coUectibk without notice, time being of the.essence of thic contract, and said principal wm and said accrued interest shall t+eu interest at maximum rate then allowed by law, Gom such time until paid. The holder es given and agreed to ha~ro the right of setoff against all deposits, accounts, c~edits and othet propeny of earh maker, guanntor and endorser in possession or conuol of the hold~r for any and rarious wms due hereunder, without requiremeni of notice. My languaae in s~id note or mortgage to the conUary notwithstanding, no interesi shaD be chugtd or colkcted in excess of that allowed by Florida law, and in the event of the acaleration of the mort6age, and the notes sccured thereby, any prepaid and u~amed interest and points in excess of a lawful nte of interest to the date af enfwcemeet of payment shatl thereupon be refunded to the Mortgasor automatically by the creditu~g of same against the sum then due, but wch crcdit shall not cure oc w~aive any default occasioning accelention. Each maker, guarantor and endocser waives presentment, protest, notia of protat and notice of dishonor and agras to all cvsts, including a reasonable attorney's fee and any attorney's fees incurred on appeal, v?hether suit be brought or not, if counsel shaU after maturity oC this ~ote or default hereunder or under said mortgage, be employed to colkct this note or to Protect the security thereof. DETAI LS OF LOAN Check i[ appticabie: t. ~ No rtotice of ruission required 3_ O Notice of rccission required 2. [s~ No flood insurance required 4. ? F'lood insuranee required 1'l0 t.~'~i~ti-,1 . bil MORTGAGE PAYMENTS made in consecutive ~ayments of S~_., each, the first of said pay- ments due h~are~, ZU , l9 . Payments may include tax and inwrance escrow. CONSTRUCI'ION LOAN (if appGcable): Interest accrued at % per annum payabk up to , 19 , on amounts disbursod from the construction fund, on that date regulu payttxnts begin. INSURANCE: Credit life and/or disability insurance not required, offered or provided for. Properiy inwrance (fire and casualty) is reQuired. Flood inwrance in certain designated aras is also required. Mortgage life inwnnce is not roquired. Such inwnnce as is required or desired may be obtained from or through any duly licensed person or company that Borcower may choose, subject to Lender i right to refuse an insurer tor good quse. The Bank can, if you Aish, arnnge for mortgage life inwnnce, but not for property inwrana, fire insurance or flood insunnce. LATE PAYblENT AND DEFAULT: Bortowers are wbject to a late chuge not to exceed 2% of any installment unpaid for !0 days after the due date with a minimum charge as may be reatoitably imposed by !he bank from time to time• after default or maturity the principal sum remaining unpaid and accrued interest shall both bear interest at the maximum nte then aUowad by law. Bonowers shall pay all costs of collection. SECURITY AND SEl'OFF: Loan is xcurod by a mort~ge of Feu . 1 ~ 19 ~ an the realestatedescrbed, therein together with all applianca and items aow or herqfter attached to or plaoed on the property and considered fixtures. ~ 11~e Bank is pven the right of setoff ag~inst ap deposits, crcdits and other property ot Borrowen in the possession or control ot the Bank, for the indebtedness. though unmatured. The mortpge wv11 secure future or otha indebtedness and wip cover afte~ acquired property. PREPAYMEM': Borrowrers may at any time prcpay in full or in part any unpaid balance withoutpe nalty. MY partnl prepayment shall be applied against the sums wfiich wilt last become due htreunder but shal! uoi otherwise affect the due dates or amounts of payments. ASSUb[PTION: If aswmption of this ban is permitted by Bank, Banlc will charge a service - fee for said assumption. Such assumption shall be gnntod at the bank's sole discretion. 1 acknowledge ihe receipt of a completed copy of this note prior to signatute, and that it is oorrect. Maket's Address: bl~; ~o~tc~ i.;t:; ;~ta~;~t , ; ~ , . ~ ~ ~ (SEAL) .c . ~ ~U1't !'~CI C~. , _ . .;.~~i~;} - (SEAL) _ . _ _ : , . ~ (SEAL) (SEAL) ~ ~ ~ CUSTOMER COPY r BS 16~ R~v. 4/76