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Home My WebLink About0683 I~IORTGAGE NOTE S28,OQ0.00 April lI' , ~9~$ Fot ~~aiue ~eceived. ~n~ u~a«s?~~,~a ~~~~~~~y .~a u~«~~~r v~~m~ ~o Par ~o cn~ o~a~~ or Firs t Nat ional Bank Of Fort Pierce. a federal banking corporation, whose address is; P, 0. Box 970, Fort Pierce~ Florida 33450 the principal sum of~1~`I~Y-EIQ~iTTHOUSAND and no/ 100- - - - -~~u,, witi? ioterat lhereon Gont date at the rate of~~2_pet cent per annum; the. inte~est and principal of thb not~ to b~ paid as foqows: ~N OR BEFORE SIX MONTHS FROM DATE HEREOF. a~ The afore~id paymrnts ue to be appi~ed first tc interest at the rate aforesaid due upon the principal sum or so mach thereof as shail lrom time to ume renuin unpaid. and the balance of each payment shaU be ~pplied to the reduction of the principal. All yaymsnts of intrrest and principal ate payable at the office o[ the paya ia the city above set forth, or at such other plac~ as the holder may dcsignate in writing~ in lawfut money of the United States. If any of said payments of intete~t and prieci~al shall not be paid when due then the eotire principat sum and :cerued interest shall beoome due and payabk at oaa. at the option of the holder of this nota This note is to be ~nstrued and enforced according to the laws o~ the State of Fiorids, and is secured by mortgage on real uu« n~~~a A= ril 11 . ~9_Z8 If default be maJe in tir: payment of any of said sums or interest or in the performance of any agreements conuined here~ or in perfornuna of the termt af the mort~age securing this note, then, at the option of the holder of the same, the principal sum thcn remaining unpaid wuh accrued interest shall immediattly become due~ payabk and colkctibk without notice. time b.ing of the rssence ot ihis cont~act, and said principal sum and said accrued interest shall beu intetut at maximum nte then alloa~ed by law, from such time untii paid. The holder is givtn and agteed io have the right of setof[ against all deposits. accounts. credits and other property of each maker, guanntor and endorur in possession or conud of the holder for sny and various wms due hcreunder, wilhout requiremenl of notice. Any fanguage in said note or mortgage to the contruy notwithstanding, no interest shall be charged or colkcted in excess of that allowed by Florida law~ and in the erent of the:ccelention of the mortgage. and the notes secored thereby, any prcpaid znd uncarned intcrest aad points in exceu of a lawful rate of interest to the date of entorcement of payment shall tlxreupon be rcfundod to the MortFaRor automatically by the crcditing of tame against the sum then due~ but wch aedit shaA not cure or waivc any default ocasioneng acceleraiion. Each maket, guatantor and endorser waives presentmeot, protest, notice of protest and ~otice of dishonot and agrees to a11 costs, includir?g a reawnable attorney's iee and any attocney's fees incurred on appeal. whethec wit be brought or not, if counsel stuii after matutity oC this note or deiault heteunder o~ under said mortgage. ba employed W colkct thu note ot to pmtect the security thereof. ~ DE'TAILS OF LOAN Check if appliabk: 1. ? No natice of recission required 3. Notice of recission required 2. Kl No (tood insunnct requucd 4. O Flood inwtance required ~tti}[TtI~~S'~BJC?Q0~l3'1[]Oi~C11QX~C3C3C]~3(~1(i7Q~+5 i{t~C ~L~Td7GXd~ffi7i3i~{~fij~ u~}?+~L 7lC~ Payments may include tax and insurance escroa, COIr'STR[fCTION I.OAN (if applicabie): lnterest aecruW at ~ per ~nnum payabk up to . 19 , on amounq d~sburscJ from lhe conslruction [und, on that date rcgulsr payrt?ents begin. IhSIiRAA{CE: Crcdit lifr andJor disability insurance not required, offered or provided fot. Propetty insurance (tue and psualty) is required, Flood inwnnce in cerlain desigmted areas is also requued. Mortgage Gfe insunnce Is not tequired. Such insunna u is required or desircd may ba obtainM from or through any duly iiansed person or comQany that Botrower may choose, subject to Lender's right to re~use an insurer for good caure. The Bank an. if you rvish. uran~e for mortpje life irttunnce~ but not for property insunnce, fire insurana or pood inwtana. LATE PAYbf~N'f ANU UEFAULT: Bor~owers ue subject to a late chuge not to exceed 296 of any inst~llment unpaid for 10 days after the due date with a minimum cDarge u may be reuon~bly imposed by the bank from time to tune; aftu default or maturity tke principal sum remaining unpaid and accrued interest shall both bar intsrett at the maximum rate ihen allowed by law. Bonowers shall pay aU costs of collection. 11 , S~CL'RtTY ATdD SFTOFF: l.oan is secured by a mortpge ot Aprll , 1g 78 on the real estate described~ titicrcin to~;cther witl? .11 appliances and items now on c~rc.fter attached to or placed on the property and consiJercd fixture~. 7~1a fiank is ~ivcn tl~c ri~;ht of setotf ay;~inst nll dcpocits, cccJits and olher propcrty of itorrowcr~ in thc posaccaion or cantrol ~~f dic liank, for Ihc inJrbtcdncu, thouRb unmalurcJ. 'I~ho morlp,~Rc will scrurc futuro ot olhcr irnlcbtalnca~ and will c:ovcr aftc~ a.ywra! pm~xrly. ('K('PAYMt~.N'i': it~.rrowcrs m~y at any Ittnc prcpiy in ful! oi in piri any unpaid balanco withuut{?cnally. Any pa~tul prepaynnnt shall be appl~ed :4;ainst thc sums which w~ll last become due hereundet but shall not otherwise af(ect lhe due d~tcs or artwunts of payments. ASS(iMPITON: If aswmptioa of this loan is pecmittod by BaWc. Hank w~ill char~e a setvioe fee for said assumption. Such assumption shall be gnnted at the boak's sde discretion. I acknowladge the receipt of a eomp{eted copy of this note prior to signatute. and that it is oorteeL Maker's Addreu: C ~ P Y L' _ 39 Knollwood Avenue f~I 4~'S. ~i~~ ~,~Q,~ (SEAL) ~iadison, New Jersey 07940 an S. Muddell (SEAL) • FILFD AND RECORDEO (SEAL) OCER POITRAS CLERK CtRCUIt CO _ ~ ~ -~R,~- 7E`AtFiE`6_ - - - - - - - - _ Ar+~ Il 9 35 AM'?S a R~~ s'~ ~ au~c . n ILV. A//A • • (31~lg/T~191~6~~ ~ b - , ~ , , , ...,-..._j~ . _ - ~ ~ - - - - ' - - - . . . . . . . . ~G . ,