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Home My WebLink About0353 . ~ i ~ MORTGAGE NOTE = 22, 000.00 11ay ~`~19 ?8 For value roceived, the unde~sianed jointly and severally promise to pay to the order of FIRST NATIONAL BANK OF F+ORT PISRCB~ Fort Pierce~ P2orida, TIBNTY-T1N0 THOC~SANA AND NO/100 ttie pnncipa! sum of Dollus. with interest thereon from date at the nte of ~ per ccnl pe~ annum; the interest and prin~ipal of thh note to be paid u foUows: Jul.y 1 ~l8 $218.86 Beginnina on ~ . 19 the wrq Qf ~ DoUars. and the same amount on the same day of each month tor 1~ consecutive months until this note is paid. payments ue to be applied first to interest at the rate aforesaid due upon the pdncipal sum or so much thenof The afonsaid u shall from time to time remain unpaid, and the balance of qch parment shall be applied to the reductioa of the principal. All paymants of interest and principai are payabk at the office of the payee in the city above set forth. or at wch other place u the holde~ may desigmte in writing, in lawful money of the Unitod States. If any oi said payments of interest and principal shaU not be paid when due then the e~tire principal sum and accruod interat ShaO bernme due and payabk at once, at • the option of the holder of this nota . ThIs note 'tt,to~e construed and ~qrad aocordin6 to the laws oi the State of Florida. and is secured by mortga~e - on ral atate Dated ~~y . 19 ~ . tf default be made in the Qayment of any of said sums or interest or in the perforrtunoe of any agraments contained here, or in pedore~ance ot the terms of the mort6age securina this note, thea, at the option of the holder of the same. the principal sum then remainina unpaid with accrued interest shall immed"utely become due, payabk and colkctibk without notice, time beins of the essence of this contract, and said principal wm and said accnied iotarest shall beu interest at maximum rate then allowed by laa, from such time until paid. The holder is giren and ageed to have tl~e right of setoff a6ainst all deposits~ accounts, crediu and other property of Each rtuiker, gwnntor and endorser in posscssion or convol ei the holder for any and vuious wms ~ due herowder. without requircment of notice. - AnY lansw~e in aid aote ar moctaage to the contrary notwithstaadina, ao interest shall be charsed or cotkcted ia excess of that allowed by Florida law~, u~d in the erent of the accskration of the mortaage, and the notes ~earid thereby, any prepaid and unearned iaterest and points ia exoeu of a lawful nte oi interest to the date of cnfaroement of payment shall thereupon be refunded to the l~ortgagor automatially by the creditiug o[ same againat the sum thea due. but wch credit shall not cure or wnive aay default ocasionina accekntion. - Each maker, guuantot and endorser waires presente~ent, protest. notice of protest and notice of dishoaor and agroes to atl ~ msts. includin6 a reasombk attomey's fee and any attorney's fees incurred on appeal, whether wit be brought or not, if counsel sLall aRer maturity of this ns>te or default henunder or undet said mortgage, be employed to collect this nou or to protect the xcurity thereof. DETAI LS OF LOAN Check if appliabk: 1. No notice of recission required 3. D Notice of recission required 2. No Qopc~ insuance required 4. O Fl su rcquired ~ I~iO monthl~ _ MORTGAGE ~Y~?~~NiS made in ~$.cons tive yments of S-., each. the ftnt of said pay- _ ~ i ments due ~ , 19 . Payments may include tax and inwrance escrow. CONSTRtIC170N LOAN fs i ~ ~ttR[~S1jCGa1~~~~ iAD~ YR~° , 1~ , on amounts - disbu~rom the construction Cund, on that date resulu paymeats bcgin. ~ . [ INSURANCE: Credit life and/or disability inwrance not required. offered or provided for. Property inwnnce (C~re and casualty) ~ is rcquired. Flood inwnnoe in certain desisnated uas it alw required. ~tortga~e life inwrana is not required. Such inwraaa u ~ is reqairod or desired may be obUined from or throagh my duly 6cer~sed perwa or canpany that Borro~va may choose. subject to Leoder's right to rcfuse an inwrer for 6ood ause. The Bank can, if you wisb, unnge for mortgaae life iasurance, but not for ~ property insurance, fire insurance or flood inwnnce. ~ LA1'E ~PAYMENT AND DEFAULT: Borrowers ue wbject to a late chuee not to exoeed 296 of any instalimeat unpaid for 10 ~ days after the due date with a miaimum chat6e u may be reuonably imposed by the banlc from time to time• atter default or ~ maturity the principal sum remainieg unpad and accrued interest shall both bear interost at the muimum nte tl~en aUowed by ' lav. Bonowers shall pay all oosts of cdiection. SECl1RITY AND SEI'OFF: Loan is securod by a mortpae of ~ay , 19 ? 8 on the rea! estate descr~ed, ~ ~ therein to6ether with al1 applianoes and items eow~ or herafter attached W or placed oa the property and oonsideted fixtures. ~ ~ The Banlc is siven the right ot setotf apinst all depoats, credits and other property of Borroqers in the possasion or oantrol of i the Bank, for the indebtedneis, thoush unmatured. The mortaa~e will secure fature or otha indebtedneas aad will cover after aoquired property. PREPAYMENf: Borro~+en may at any time prepay in full or in part any unpaid balance writhoutpe mlty. ~ ~ My partial prepayment shall be applied against the wms which arill Last become due bereunder but shall aot ot6erwi~e affect the ~ due dates or amounts of payments. ASSUI~PTION: If uwmptan of tLis ban u pemutted by Banlc. Baak w~ill chuge a service ~ fee foc r~id uwmption. Such assumptan shall be sranted at ihe bank's sde discrction. ~ . ~ ' ~ 1 acknoaiedge the receipt of a compktod copy of this note prior to signature, and that it is oortect. ~ - Maker's Address: ~ a ~ ~ ~ (SEAL) 0 '~Yf~' ~ ~ ~~EO ~N~ ppM~Y f~~ ~ (SEAL) ~ ~ A~GE~ r\11~ C~vR' : ~ fAK C;R~~cp : ~ - (SEAL) £ ~ . ~ 9P~'~R (SEAL) ~ ~ - ~ ~~7~ o R - . ~ e~i~ ~ ~J~. . R ; ~ ti'' CUSTOME~`~ COPY ~ ~ 85 830 Rtv. 4/76 ' ~ - - - .......~..~a.a:e~--..i~ - . ~ 'ed~ a'~-P "s . _ . 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