HomeMy WebLinkAbout0234 MORTGAGE NOTE
S ~i,ilUJ.oU r'~~`' ~ .i9
Fur. ~•alue re.eivrd, the undrrsignrd j.~intly anJ se~rrrlly ptumia: tu pay to the urder of
~ir~~: i.i~"iIii;~l~i, ii1'.i:1: ul~' f'OR`i' F~I~.F~:CI:, P.U. f5c>> ~~7(:, Ft. I~ierc~~ I'i~a.
ihe rinci alsumof a:~:.z..'~'Y-G?i:!~ s:±C~';C~~•_ i~;L~ ':Ct/lUi!-
P P • - 1)ullarc,
with intetcst thrrron from date at thr rrte of p~ r~rnt per annum; the interect and prinrip~l of thi< nute tu he
Ff31d 3S fO~~UN'S:
`iizis note shall Le ~~ayat~le in 5 ecual arinuai ~uccc:bsi°v~ ~~-~7?..~r.",
of ;18,"1~~.0U, ~~ie first af suc:h payi-;ents to ~;e c!ue aiid. F:ayabl~:
t•lay 1, 1979, plus interest at 3-1J4 8~er. anr~L;r.~, interest payat~li
quarteriy bec;inniny Auguat i, ly?S anci each quarter there~fter
~ ~~s`r'c-x~~~a~o~~l.~t~txf "ot ' xo~ ~t~toax~t xxxR~x
cuiti2 ti,is r.ote is ~~aiii in full both as to ~rinci~~al as~d intere~t.
The aforesaid payments are to be apptied itrst to interest at the r~te aioresaed due upon thc prin~ypal sum or so much thereof
ac sha11 from time to time rem~in unpaid, and the balance of each payment shall be applied W the rrduction of the prinripal.
All payments of interest and principa! are payable at the office uf the payee in Ihe city :~bove tet forth, or at surh other
~ placr as the holder may designate in w•riting, in law~ful money of the L'nited States. If any of s~id pa}~ments af interect and
principal shall not be paid w•hen due then ihe entire prinripal sum and acctued interest shall be~rome due and payable at once, at
the opiiun of the holder of this note.
This note is to be construed and enforced according ro the laws of the Siate vi Florida, and is secured by mortgage on real
tstate Dated ~':ay 1 . 19_~.
If defautt be made in the Payment ot aoy of said sums or interest or in the performance of any agrecments ~untained here,
or in performance of the terms uf the murt~age securing this note, then, at the opt~on of the holder of the same, the prin~ipal
sum then remaining unpaid with ac:rued interest shall immediately become due, payable and coUeciibM without notice, lime
b~rin~ of the escence of this contract, and said principal sum and said arcrued interest shalt bear interect at maximum rate then
allow~ed by law, from wrh time until paid. The h~lder is given and a~reed to ha~•e the right of setoff ~tainst atl deposits, ac~ ounts.
credits and other property of earh maker, guarantor and endorser in po:session or comrol of the holder for any and variqus :ums
duc hereunder, w•ithout requircment of notire. .
Any langua~re in said note or mortgage to the contrary notwithstanding, no interest shall be charged or col{ected in exceu
of that altowed by Florida law, and irt the erent of the acceleration of the moitgage, and the notes secured thereby, any prepaid
~ and unearned interest and points in etcess of a lawtu! rate of inlerect to the date of enforcement of payment shall thereupon be
~ refunded to the Mort~agor automatiralty by the crediting of same agairtst the sum then due, bui such credit sha!! not cure or .
u•aive any default occasioning acceleration.
E Fzch maker, guarentor and endorser waives preseniment, protest, notice of protest and notice of dishonor and agrees to all
costs, including a reasonable attorne}•'s fee and any attorney's feec incurred on appeal, whether suit be brought or not, if counsel
f shall after maturity of this note or default hereunder or under said mortgage, be employed to collect this note ot to protect the
~ security thercoP.
DFtAlLS OF LOAN
~
: Clieck if applicable: 1. ~ No notice o( recission required 3_ ?;~o[ire of rec~ssiun required
2. Q No t]oud insurance required d. ~ Flood insurance required
NORg'6~tE?f.~P~t 4`M~-f S~ madrirr - - - -tortsecvtirr - - - - - -panr+rnri-+of-3- - - - -eaeh: ti~r- fn+t -cr~ ~aid-~s} _
~ ~nemsdve ~ - - - - - - - - - - t9- - r i~mencs -msr- ind ~rdr ia~r -and~-nnvrencr ese,e~r 4'9t~i RHC~~o~-EO!~~t-~ i~
aQpiinbf -itrterestarrnxd-~ar---~_perameampa~atxkro~te--,^-------------t9---------c~+-eme+mts
~n~'vss~~m ~ cpa9Sia}-'nac3~l+~SCt d as ~as~l~ T97+!+~~m _
lNSURANCE: Credit life andlor disability insurance not tequired, offered or provided for. Property insurance (fire and .asualty)
~ is required. Flood insurance in certain designated areas es also required. 1lortitage life insurance is not required. Such insurance as
~ is required or desired may be obtained Gom o~ through any duly licensed person or company that Borrower may choose, subject
to Lender's right to refuse an insurer for good puse. "(he Bank ran, if you wish, arrar~ge for martgage life inwranct, but not tor
' proF?erty insurance, fire insurana or flood inwrance.
i
~ LATE PAYbfENT AND DEFAL'LT: Borrowets are subject to a late chazge not to exceed 2~ of any installment unpaid for 10
c days aRer the due date with a minimum charge as may be reasonably imposed by the bank from time to time; after default or
! maturity the Prirtcipal sum rema+ning unpa~d and accrued interest shall both bear interest at the maximum rate then allow•ed by
law. Bonowers shap pay all costs of collection.
4 SECURITY AND SETOFI': Loan is secured b a mort t`:4`•~ ~
Y B3Be o~ 1• . 19 on the real estate described,
therein together with all appiiances and items now or hereaRer attached to or placed on the propeity and considered fixtures. •
The Bank is given the right of setoff against all deposits, credits and other property oC Borrowers in the possession or control of
th~ Bank, for the indebtedness, though unmatured. The mortgage will secure future or othtr indebtedness and wilf Cover after
acquired property. PREPAYMENT: Borrowers may at any time prepay in full or in part any unpaid balance without penalty_
Any panial prepayment shall be applied against the sums which will lasi become due hereunder but shall not otherw•ise affect the
due dates or amounts oC payments ASStIMPT~ON: If assumption of this loan is permitted by Bank, Bank will charge a service
(ee for said asw~nption. Such assumption shall be granted at the bank's sole discretion.
1 arknowledge the receipt of a completed copy of this note pnor to signature, and tttat it is correct.
Sfaker's Address:
. ~
Rt. 3 BOX SIHX ' ~ 1-'~ -'J t, i
-~.,~.r.~~f.;,~~ r i~ tSEAi 1
Ft. Pi~rce, Fla. 33450 ~s~~~~
V~`-,T1 E' t _C`1 i
---fttEO ~•K~ aECURDEO
ST lUC1E GOU ~Sl~:,?L)
RO;E' PO"`•A?c
- ~ - ~ l ~o., 401819 ~SEAL?
_ ~
MaY I 3 4vPN'~R
~ aoo~ 2~ ~ ~
('USTONER COPY
F 8S 164 Rtv. 1/76