HomeMy WebLinkAbout0745 MORTGAGE NOTE
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..~!ee rr~-e~v~~, !hr u~uleruenrd j~~tntlv ancl stvetallY Dront4cC t~ pay tu lt?C cudrr ol
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the principai sumuf i'~;1..`:i~~--t~iV~', '::~11.:>l~'~) ~~:v~~ .`iJl~.x}-.~-_~__ - - - Dollars,
with intrrest thereon from date.~ly,t~rrs[~otxs;,-~x -x+t:p~,Q,~i~•.jp~p~ the interest and principrl of this nota to t~
paid as follows: ;l~i!'1:1;; ~:1c~ CUli:il,l'uirLL~i1 tit.ri;JU OI .~~ly `i, C_1~ li1Ci'i L''st,:v •
. i ~ . ~~r :::.:~.xn ~ay.~lE: ~.tys fn.~n _s - N
; i- ,l~a t~x~ late c~Y t:.z t~v!,L,~~r,.u; tc~t v<•:~t
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::~R= :ii±s~r,~s-c ra~a :;hall i~ r<~1uc~! to ~-3/.}~;~ ~~:r ~~~i~ma, a:::i tt:is 2~te ~:u~
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:W .i:zta ~~f ri.~ I:..?t ;ir:~w .~f f :tid5 [!'~xTi t~~i~ i,.~~~ ir. =.,~a~r;:.u:c;e ~s;tr. t.~~ t=.~r:.,:= t
:Y,z:~cr~:c±i.:,r~ ~•.~ri:z ~;r4~:rRnt ~-~:*~ryi int~ iu cY;c~r~~~;ti-~ti ~:•iti? t!:i~ Lcran. It; i=
iSiLt;i~tlvli ~1i' l: :t? e~iL``r1t3:5 .~.U t(li~ t2Ut~' a1li~ (IIUT'L..;~i: :~:J~:UI~lIl<; :iiiJ(1t~ LililL tiYL-, 1_::~:, ~:;.._i, iic'.
~r`i<.~.' ~~,vtr- •r~t~u } .~.Z~ rr~ > ~Ct >r~~,,~r L U~ • ~ ~t for
~1`~?e aforesa~ payments arE~"o 6e a~sp~ie8 ~s~ t~~~ntete3t ~a~'ihe ~~"e aTat~st31a d~Sf u~o~l t~fe ~nnn~?~1 s~~5 or so m~cTi'thereof
as shall from time to fime remain unpaid, and the balance of each payment shali be applied to the rcduction of the principal.
Ali payments of interest and principa! are payabk at ihe office of the payce in the city above set forth, or at such other
place as the holder may desi~tnate in w~riting, in lawful money of the United States. If any of said payments of intercst and
principal shall not be paid when due ihen the entire principal sum and accrued interest shall bet~ome due and payable at unce, a1
the option ot the holder of this note.
11?is noie is to be construed and enforced according to the laws of the State of Florida, and is secured by mor?gage on real
estatc Uated ,;~ir , 19~,~.
If de[ault be made in the payment oC any of said sums or intecest or in the performance of any agreements contained here,
or in performance of the terms of the mortp~e securiag thy note, then, at the optiwn of the hdder of the same, the principal
sum then remaining unpaid with accrued interest shal! immed'utely become due, payable and copectible without notice, time
being of the essence of this contract, and said principal wm and said acerued interest sha[! beat iaterest at maximum rate then
a1lox~ed by law. ftom such time until paid. The holder is giren and agreed to have the tight of utoffa~ainst all deposits, accounts,
credits and uther property of earh maker, guarantor and endotser in possession ot oontrol of the holda for an} and various sums
due hereunder, wtithout requerement of notire.
Any language in said note or mortgage to the contruy notwithstaadma. no interest ahall be charged or coUected in excess
of that aUowcd b)' Florida law, and in the event of the acceleration of ihE morte,age, and the notes securcd thereby, any prepaid
and unearned interest and points in excess of a VwEul rate of inbrest to the date of enforcement of payment shall thereupon be
refunded to the Mortgagor automaticallp by the crcditinlt of saalt aRainat the sum then due, but such credit shall not cure or
waive any default occasioning acceleration.
Each maker, guarantor and endorser wraives pre~epiment, ptolat, notice of piotest and notice of dishonor and agrces to aq
oosts, inciuding a rea~onable attorney's fee aAd any attotney's fces incurrcd on appeal, whether wit be brought or not, if counsel
shall after maturity of this nute or defiult heteunder or under said mortgage, be employed to collect this note or to protect the
security thereof. "
DETAILS Ofi LOAN
(~eclc it applicable: L~ No notice of recission required 3. ~ Notice of recission required
2. ~1 No flood inwrarne required 4. ? Flood insunnce requited
MORTGAGE PAY~tENTS made in ~ ~ ~ ronsecutive = ; ~ _ - ~ payments of S : ' - ~ , each, the firct of s;iid pay-
rreents dee ~,~2_ ?:::-t:: ~:191.L_. Payments may include tax and insurance es~~row. ('ONS'I'RU~'TION LOAN /if
applicable): Interest acrrued at::.~_ k per annum payabk up to f_ .r~~ ,,~i•r:vr~ , ~9 , on amounts
disbursed from the construction fund, on that dare regulu payments begin.
INSURANCE: Credit life and/or disabilily inwrance not requutd, offered or piovided fot. Property insurance (fire and qsualty)
is required. Flood insurance in certain desigmted uws is also tequired. ~lortgage life insurance is not required. Such insurance as
is required or desired may be obtained from or through any duly licensed person or company th~t Borrower may choose, subject
to Lender's right to refuse an insurcr fw good cause. The Bank can, if you wish, arrange for mortgage life inwrance, but not for
property inwrance, Cre insutance or flood insurance.
LATE PAYMENT AND DEFAULT: Bortowers ue subject to a late chuge not to exceed 2~ of any installmeni uopaid for !0
days after the dut date with a minimum charge as may be reuonably imposed by the bank from time to time; after default or
maturity the principal sum remaining unpaid and accrued intetest shall both bear interest at the maximum rate then aitowed by
Iaw. Borrowers shall pay all costs of collection.
SECtJRITY AND SETOFF: Loan is secured by a mort~ge of -'xs' , l9 on the real estate described,
thercin together with all appliances and items now ot hereafter attached to or placod on the property and considered fixtures.
The $ank is given the right of setoff appinst aU deposits, credits and other praperty of Borro~en in the posseuion o; control of
the Bank, for the indebtedness, though unmatured. The mortgage wi11 secure Cuture or other indebtedness and wiU cover after
acquired property. PREPAYMEisi: Borrowers tnay at any time prepay in futl or in pan any unptid baiance without penalty.
My Partia! prepayment shall be applied against the wms which will last become dix hereunder but shall not otherwise affect the
due dates or amounts of payments. ASSUMPfION: If assumption of this loan is permitted by Bank, Bank will charge a service
fce for said assumption. Such usumption shalt be gnnted at iht bank's sok discretion.
I acknow~led~,e the receipt of a completed copy ot this note prior to signature, and that it is correct.
Naker's Address:
(SEAL)
...,.t:.,:~
fIlEO ~?N ~ (SEAL)
. ~
ST.lUC1E~
D~Na~S`~
c ;s C,d (SEAL)
c~4~
ISEAL)
~~Y ~ ~a 12 ~
4~~-30 sPF:ciMt.tv BGkM~~V PACE 1~
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