HomeMy WebLinkAbout0590 MORTCAGE NOTE
s 6 5, OOO . Q 0 ...~p-~.1 .19 ~ , i 4,7:8.
For raiue received, the underugned jointiy and sercrally promire to pay to tha oidet ot
FIRST NATIONAL BANK OF FORT PIERCE, P.O. Box 970, Ft.Pierce, FL 33450
~P~~~~ymo~ Sixtv-five thousand and noj100---------------- ~~~uz. ~
~rith intarat tAerean from date at the nte ot 9- ~3~ per ant per annum; the intere:t and p~incipsl of this note to be
yaid a: rouowt:
Interest only on JuZy 10, 1978, October 10, 1978, January 10, 1979
and April 10, 1979; thereafter this note shall be payable as follows:
Be~,innina on Jtily ZQ ,19~~. the wm,p $4 121. 00 Douar:,
and the same smount on the ume day of ach r06Ql1lttor 1 consecutive DL~]C~ntil this note i: psid.
quarter quarters -
The aforesaid payments ue to be applitd tust to interest at the nte aforesaid due upon the prindpal wm or so mueh lhereof - ,
u shat! from time to time nmain unpaid, and the balu?a of ach payment shall be applied to the reduction ot the principal.
All payments of interest and principal ut payabk at ihe office of thc payee in ihe aty above set (orth, or at such other
plaa_ as the holdu may designate in ~rntins, in lawful money of the United Sutes. It any of said p~yments of intercst and
pnncipal shaU not be paid when due then the entire principa! sum and acerued interest shall become due and payabk at once, at
the option of the Aotder of this eote. .
This aote ~ to be coasuued snd eaforad aocordin~ to the iaws of the State of Florida, and 'u sep~ted by mortaaae an teal
~ aate Dated Aprll , . Ig_~,
If defanlt be made in the psyment of any of said sums or interest or in the pertoimance of any aareements conuinad herc,
O~ It1 PC(tOlptiflOC, OI lIlC 1lJIl]S O~ WE mort~,6e securin~ this note, theo, at the opt'an of the holdei of the same, the piincipal
sum Uxn remaining unpaid wilA aocrued interat shall tmroediately become due. payabk and colkctibk rvithow notice, time
bein6 of the essence of this canuact~ and uid prinsipal wm and said aarued interest shaU tsear interat at iruximum rate then
allowed br law, from such Gme until paid. The holder is siren and agreed to have the iEht of setof~ aeainst all deposits~ atcounu,
ctedits and other pwpeny ot each maker.6wnntw and eodonet in possession or conUOl ot the hoWer for any and vuious wms
due hereunder. without requitement of notia.
My la~uaEe in said note or mottasee to the conUary aotwrithstandinE. no intercs( shall be d~araed or coUected in excess
of that allow~ed by Florida la~r, aad in the erent of tht acoeiecation of ihe mori6age~ and the notes seared thereby, any ptepaid
and uneamod interest and points in eacess of a Iaw~ful nte of interat to the d:te o! entorcemeat of payment sha11 U~ereupon bc
- ~efunded to the Mortpgor aatomatiplly Dy the cieditin6 of same agsinst the sum then due~ but such cndit shall not cure or
~vaive any default ocpsioning accelcntioa.
Each maker, auuanto~ and tndorser waives prexntment. protest, notice of protest and notice of dishonor and agees to all
oosts, including s reasonabk aitomey's ta and any attoroey's fees incurred on appeal, whether svit be brouaht or not, if counxl
shall after maturity of this eote or detaWt hercnnder or undet said mortaage, be employed to co0ect this note or fo protect the
sccurity thereoi.
~ DETAILS OF I,OAN
O~eek it appGabk: I_ L~1 No notice of rscission nquired 3. ? Notice of recission required
. 2. No tlood inwrance required L7 Flood insurance required
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menes dee---- ^ - - ----t9~ ----~'~rrap-+nelede -trn~d- sn~nrance ~exrow -C~#l~t~~AtF i~/4~i-Hf
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~ioib~fsan+~heeon~ln~e+ie+tfund;bwlir~t-d~lsrs~]trpy~w~w!}b~gi~• ,
1NSURANCE: Gedit lite md/or disability insunnae not requirod, oftered e~ prorided for. Property inwrance (fue and casu,tty)
is nquired. Flood inwnnoe in sertain desianated uds is atw requited. Mortpge tile insurana is not tequutd. Such inwrancs u ~
is required or desired may be obtaincd fmm or Wouah any duly (icenxd person or company that Borrowu may choox, subject
to Lender's right to rcfux an insurer ta Eood nuse. 71~e Bank nn. if you wish, uranae for mortpae lite iawnnce. bil1 not for
property iasurana. fire insunna oc Aood iawranoe. _ ' -
UTE PAYMENT AND DEFAULT: Botrowers ue wbjett to a late chuae not to exceed ~'Xo of any in:fallaxnt unpaid [or 10
days after the due date w~ith a minimum charse u may be rcasonably imposed by the bank (rom time to time- aftu dcfault or
maturity ihe principal sum remainina unpaid and acaued interest siull bot}s bear interesi at the muimum nte ihen allowed by
law~. Borrowrers shalt pay all costs ot cdlection.
SECtIR17Y AND SETOFF: Loan is suured by a mort~6e of April 1Q ~]g 78 on the real estate described,
tberein toaether with :11 applianca aAd items now or herpRu attachod to or placed oa the property and considercd fistures.
The Bank is pren the ri6ht ot tttoR a t sU deposits. cndits and othet property of Borrowen ia the possession or oontro~ a!
the Bank, for the indebtedness, thou uartutured. 77~e mort6age w~ilJ secure future or other indebtedness and vuiU cover afta
aoqn'ued property. PR£PAYMENT: Borro~rcn may at any time preQay in fuU or in part any unpaid balance vithoutpe nalty.
My partial ptepayment shsll be spplied saainst the wms wfiich w~i(t Iast be¢ome due heteunder but shall not othenviu affect the
due data or amounts of paymeats ASSUMPTION: If suumption of this {oan is permitted by Batt1~~ B:nk wi11 charEe a scrrice
~ fa for sud aswmption. Such assumption sha!! be gsnted at the bank's sole discretion.
1 acknowledae the receipt of a rnmpkted copy of lhis r?ote prior to siguture; s ihat it is oonec~
Maker's Address: t ~
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HLEp ~ANO Y ilA Ori (SEAL)
St.111~~f ~~01~tRA5 ~ '
(SEAL) , I
p~ r,;A 1 d . dV1S
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(SEAL)
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THIi INfT11YM[NT P11EPAllEO tY
GHARLES R• P;oRc sn~ sT• BOOK~~ ~!I ~
p.0. 60X t~lt •
?011T NEQCt. «-O~~DA ~j4~~ ORICINAL
F g5 16~ Rev. 4/76