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Home My WebLink About0986 ~ MORTGAGE NOTE s 37.75g.00 Juoe g 19 7U For value received, the unde~signed jointly and seve~ally ptomise to pay to the order of FIR'3T IdATI4NAL BANK OF F~ORT PIERC~~ 300 9outh 91xth.8treet, Fort Piera~~ FL 33950 ~ s~adNO/ l 0U thep~incipalwmof T~I~T~"sgP$N THOD3AND BBVSN NIINDRBD ~YF'1'Y-FIVB po~~ar:, r?iih intsrest thereon [rom date at the rate of - per cent per annum; the interat and p~incipal of this note to bc paid u foUows: The prfncipal a~,ount oi' thie ~nots aball be due and payable on or betore oAe ~e4r irom d~te hereoi; thd i4tere~t hereon , shall be payable in eucceesiv~ qusrterly inetallmeate, the iirst inetallmant to bo duo and payable Lhree (3) monthe lrom daLe o~ thie not~. ~ ~o~.~- - -a9- -;~ne-~n„rr- - ----n~nY,s;- Ynd ttte s7fnlfdmuuffran'1!n ~e~y oftaNrmenttrtar--- w ronsec~rtt.e mrnRhs n~rttiMfiirnoeeispaia: - J ~~~4R7~AIIK CdZllllC ~rc"qu,t~~ Inc ~~~'~lD'"L~~S~~~~~Y~• ~ All payments of intetest and principal are payabk at the office of the paya in the city above set forth, or at such other place u the holder may desKtnate in writing, in lawful money of the United States. If any of said payments of intenst and principal shal! not be paid when due then the erttire principa! wm and accnted interest shall become due and payabk at once, at the optioe of the hotder of this note, 77~~5 note is to be rnnstrued and enforced according to the laws of the State of Florida. and "u secured by morigage on real aa~e n~tea June , ~y '78. IC default be made in the payment ot any of said sums or interest or in the performance of any agreements contained here~ ~ ar iA perfotatar+cr of tht terms of the morig~ge secutiqg this note, then, at the option of the holder of the same, the principal wm then rcmainirg unpaid with accrued iatercst shaU immediately baome due. payabk and collectibk without notice, time bei~ of the essence of tkis contract. and said principal wm and said accrucd interesl shall bear interat at maximum rate then allowed by law, from such time until paid. The holder is given and agreod to have ihe right of setoff against all deposits, aecounu, crcdits and other property of each maicer, guapntor and endorser in posseuion or rnnttol of the AoMer ior any and various wms due hereundet. without requircment of notice. . My language in said note or -mortgage to the contury notwithstandina, no,interest slull be charsed ot colkcted in exass of that allowcd by Florida law, and in the ereM of the accekntion of the mortgage, and the notes securcd thereby, any prep:id and unearned iatemt and paints iu eacess of a law(ul nte of intetest to the date of enforcement ot payment shatl thereupon be . refunded to the Mortgagor automatically by the crediting of same aEainst the sum then due, but wch credit shatl not cure or ~waiv~e my deiault occasionina accekntion. Each maker, guarantot and endorar waires presentmeat, pmtest, notiee of protest md notice of dishonor and agces to all costs, including a rqsombk attorney's [ee and•any attorney's fees incurred on appeal, whether wit be brought ot not, if counsel shall aRer maturity of this note or default hercunder or uadet said mortg~ge, be employed to colkct this note or to protect the security thereof. . DE7'AILS OF LOAN CLeclt itapplicable: 1. No noticeof rccission required 3. [7 Notice of recission rcquired 2. ~ No tlood inwrancc requircd O Ftood insurance required , W(a~TL'a~E FRY~tER'IS`mid~eTri conx`cuTive'--°"-- pa`yment"s eacf"i,'~6e"'~irs~' of"saia pay- menTs d'ne -r""'--~-"u-'l7'9-'~-.'~'aymenis'mayTncTu~e i~ax inain urance esciqw"CONSTRIICTlON LOAN (if appGqble): taterest accrued at ~96 per annum payable up to H'g g$t ~OTt~'1 SDOV~ , on amounts disbursed from the construction fund, on that date regulu paymeats beAn. INSURANCE: Credit life and/or d'wbility insunnce not required, offcred ar provided for. Property iuwrance (fire and psualty) is requirod. Flood insunnce in attain dcsigmted ardx is also requued. t~Qortgage tife insunnoe is not reqnired. Such inwrar~ce u it requited or deara! may be obt~ined from or through any duly Gcensed person or company that Bonowa may choose, subject to Lender's right to tefuse an mwrer fot good ause. The Baak can, if you wish. unnae for mortgage life inwrance, but not for p~operty inwnnce. fire insuranoe or flood inwnna. LATE PAYMENT AND DEFAULT: Borrowen ue s~ebject to a late sharae not to exceod 2% of any installment unpaid for 10 ~ dsys after the due date with a minimum charge as may be reasonably imposed by the bank from time to time; after default or maturity the principal wm temaining unpaid and accrued intereit shalt both bear interest at the muimum rate then allowed by law. Botrowen sball pay all oosts of cdkction. June 5 ?S SECiJRITY AND SEl'OFF: Loan is secured by a mortpge of , 19 on the ral esiate dcscrbed, therein togelher with all appliances and items now or herqRer attached to or ptacod on the property and considered itxtures. The Bank is given the riaht of setoif ag~inst aU depos~u, endits and other property of Borrowen ia the possession or control of the Bank, for the indebtedness, tt~ou6fi unmaturod. The mort~gie wnU secure future or otha indcbtodness and will cover after aoquuad property. PREPAYMENT: Borrowen may at any time prepay in tull or in pari any unpaid bahna withootpe nalry. My partial prepayment shaU be applied against the sums which w~ill last become due hereunder but shall not otherwise affect the due data or amounts ot payments ASSUMPTION: If aswmptioa of this ban is permitted by Badc. Bank .will charge a service tee for said auumption. Such auumption sh~f3 be gnnted at the hank's sde discretion. 1 acknowledge the rcceipt of a completed copy of this note prior to signature, and that it is oorrect. Maker's Address: - . _ , ; . , ~ ' {SEAL) . . , ~ ~T /'~L.~'S~ '~j~s ~'`~SEAL) (SEAL) - ' (SEAL) . ~~~K2~8 PACE 98~ - CUSTOMER COPY . F Bs s so p.,?. 4n6 ~ : y - - - ~ t. . , _