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Home My WebLink About0136 f~ ~s".7 y'S" MORTGAGE NOTE s 15 , 7 00 . 00 January 12 , ,19_1g For ralue ~eceired, the undersisned joiatly a~d sevenlly pwmise to pty to the ordu ot FIRST NATIONAL BANK OF FORT PIERCS thepnncipalsumof Fifteen Thousand Seven Aundred ~$IrJ~7~0~-"-"-" ~u~~ wnlh interest thereon from date al the r~te of - pc? cent per annum; the interest and principai of this note to be w~e rouo~: - BeRinning on Feb . 12 , ~9 78 , the wrt~oj~O Hundred One & 02,~1_~0--- DoU~n. and the same amount on the same day of ach monlh for_ 1Z ..onsecutir~ months until this aote is psid. The aforesaid payments ue to be applied first to intercst at ihe rate aforesaid due upon the prinapat sum or so much thereof as shail from time to time rertuin unpaid~ and the balana of each p~yment shall be applied to the teduction of the principal. A!! payments of interest and principal arc payable at the otfice of the paya in the city above set forth. or at such othet place as the holder may desigmte in writing, in lawful money of the United Sntes. If any of said payments of intenst and principai sha11 not be paid when due thcn the cntire principal sum and actrued intetest shall beoome due and payabk at onC~, at the optio~ of the holdet of this note. This rote is to be oonsuued and enforced accordins to the tawn of the State o[ Florida, and n securad by morigsae on real unte Dated Je321. 12 ,19 78 if default be made in the payment of any of uid sums or intercst or in the performanoe of wy agsements coatained hete. or in petforaunce of the terms of the morig~ge seturina this note, then, at the optan of the hddet of the same, the principal sum then remaining uapaid with accrued intercst shall immediately become due, payabk and colkctibk without nolice, time beinR of the essence of this contract, and said principai sum and said accrued inierest shtl! beu interat at maximum raie then iUowed by law, from such time until paid. The holder is given and agteed to have the right of setoft agafnst ap deposiu. accounu. credits and other ptoperty of ach malce~. gwnntor and endorser in possession or conuol of the holder [ot any and various sums duc henu~ler, without nquirement of notix. ~ My lan~wae in said note or mortgage to the contrary notwithstandina, no interest s1uU be chuged or collected in excess of that allowed by Florida law, and in the event of the accelention of the mortgage. and the notes ~ecured thereby. any prepaid and unearned interest and points in excess of a lawtul rate of interest to the date of enforcement of payment shall theteupon be • nfundod to the Mon~gor automatially by the creditinE o[ same against the sum then due, but such crcdit shatl not cure or waive aay default occasioning acceknUon. Each maker, guuantor and endorser anives prexntment, Qrotest, notece of protest and notia of dishonor and agrees to all costs, including a reasonable attomey's fee and any attorney's fees incurted on appeal, wixther suit be btought or not, if counsel shall after maturity of this note or dcfault hereunder or under said mortgage. be employed to coUed this note or to ptotect the security theteof. DETAILS OF LOAN Ouck J applinble: 1. O No notice of reciuion required 3_ O Notice of recission re~uired 2. ? IVo flood inwrance requircd 4. ? Ftood insurance rcquired MORTGAGE PAYMEM'S made in ~~consecutiv~mon h 1 vp~yments of S. 2O1~ • -,02 ach. ihe first of said pay- ments due Feb. ~.2 ~9_~_ Payments may include tax and insunnce escrow. CONSTR(JCT[ON LOAN (if appGqble): Interest accrued aB~.L.~ per annum payable up to January 12 , 19 88 , on amounts d'ubursM trom the consiruction fund, on that date regular psyments begin. INSURANCE: Credit life andJor dis~bility inwnnce not requ'ued, offered or ptovided for. Propetty inwrance (fire and casualty) is required. Flood insunna in certin designated areas is also rcquired. Mortgage life insuranoe is not required. Such insunnce u is r~quired or desired may be obtained from or through any duiy licensed person or company ihat Botrowu may choose, sub;ect to Ltnder's right to refuse an insurer for good cause. The Bank an, if you wish, arrange for moRgaae 6fe insunnce, but not foc property insunnce. fire insurance or Ilood inwnnce. LATE PAYMENT AND DEFAULT: Borrowers ue subject io a late chuge not to exceed 296 of any instaliment unpaid tot 10 days after the due datc with a minimum charge as may be reuonably imposed by the bank from time to time; after default ot rr~turity the principal sum remainin6 unpaid and accrued interest shall both tseu interest at the maximum rate then allowed by law. Borrox-en shal! pay all rnsts of coqection. SECURITY AND SETOFF: [.oan is secured by a mort~ye of Janudr.y 12 , 197 8 on the real estate descrbed, therein toEelher with all appliances and items now or hereafter attached to or placed oa the property and considered fixtures. The Bank is given the right of utoff against all deposits, credits and other property of Bortowea in the possession or control ot the $ank. tor the irtdebtedness, tttough unmatured. The mortgage will secure f~ture ot other indebtMness and w~ill corer after acquired property. PR$PAYMENT: Borrowers may at any time prcpay in full or in part any unpaid balance without penalty. Any panial prepayment shall be applied against the sums whirh wi111ast become doe hereunder but shall noi otherwise attect the due dates ot amounts of payments. ASSUMP'i'ION: If assumption of this loan is permitted by Bank, Bank wili charbe a secvice fee for said aswmpdon. Such assumption shall be granted at the bank's sole discntion. 1 acknox•ledge the receipt of a comple~ed copy of this note prior to signature, and that it is oortect. blaker i Address: ~ "f ~ (SEAL) f ~ED ANp RENtY f Al len Quay ~ 1E G0~ 5 . (SEAL) F0~ yT ~Oi . /~~^f f.'. f P, ~ ~ ~C, f a-~'~j~~'..~ . ~C~-~ - (SEAL) 2gQN~ : Anne D. Quay csFnc~ 4t~1`?"74 . << 1' $~~2~6 ~ ~ ~ F is'~ t• . R~ t.; IG ~