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Home My WebLink About0993 MORTGAGE NOTE ~ s sF, 30~ . oo . Jun~ 5 , ~9 ~s For ralue received, the unders~gned joinUy and xrenlly promi~e to pay to the o~der of FI R.9T NATIONAL HANIC nF FORT PIFRCE, 300 South 5iath 3treet, Fort Pierce, Florida 33430 theprincipalsumot'~ZFTY-.Rs'IX Tiit)L'SAM1 F.Ii}ii hvi~T~R~ cI~r'n aGa~ ~~i'IvUDollan, with inte~est Iheroon from date at the rate of - per cent per annum: the interest and principal of this note to be paid as [oUows: . ~ `The principal amount oi this uote shall be due and paqQble on or be~ore one year irom d~te hereoi; the int~rest hc~rean shall ba p4yable in eucceesivA qu~rterly tnstallments, t=ie ~irst in~t~ll~ent io be due ~nd a~y~ble thrc+o ( 3) rnonthe fr~m d~te ~oi thie note. ~ _ '~?~~~.--_.-_________~~.~q---~elfiFtlf~ _ QioUa7s; ~i1~eRit~e~~rea,~~rrt~~~t+f'ar~w~n~v~-=---- -zat?a~c+mtie~errtmvmttmR~ce~tspasc ThE'tfd~i~~ll~'f~Rtll3'iTF t8'~!rlpplR'Q'~Mt Td'fiR~FEtt'iT Tht' iftE3tORS3~3 "d~R 11~7'o7i'tHL' ~rte~i~d lCiiR o~so m'ucTi ThereoT ~r sAa1t-tt~m-timC ttrtlme-remain ~nptf~ and~tlR~~nR'otACfi~ytnent sh11t'~e7pptke'tQ't11E'YEdDttRfT6t~IR~ttAri~it. ' All paYmenu of intercst and principal are payabk at the office of the paya in the city above set forth, or at such other place as the holder may desigmte in writing, in lawful money of the United States. If any of said payments of intetest and principal shsll not be p~id when du4 Ihen the entire principal sum and accruod interest shaU become dce and payabk at once, at the option of the holder of this no1e. This note is to be mnstrued and enfotced acewdi~ to fhe i~vs oi the Stste o( fionda, and 'u secure6 by morigaEe on reaf esace Daeee June , tq78 . If default be made in the payment of any of uid sums or intercst or in the perfosmanoe of a~y agreements contained here, . or in pedorenance of the terms of the mortga~e securing this note. then, at the option of the holder of the same, the principal sum then remaining~ unpaid with accrued interest shall immediately become due, payabk and colkctibk without notice, time bein6 of the essenee of this contnct; and said princjpal wm and uid ac~cn~ed interest shail beu intetat at maximum nte then allowed by law, from wch time until paid. The holder is given and ageed to have the right of setoff ~gainst all deposits, accounis, credits and other property ot each maker, guanntor and endorser in possession or conud of. the holder for any and various wms due hereundet. without rcquircment of notice. . ~ Any laagua~e in said note or mortgage to the contrary notwithstandina, no intemt shali be chuged or colkcted in excess ` of that allow+ed by Florida law, and in the event of the accekntion of the mortgage, and the notes secured thereby, aay prepaid ~ and unamed intercst and poinu in excess of a lavrtui nte of interest to the date of eafoccemeat of payment shall thereupon be refunded to the Mort~gor automaticalty by the credidnE of same against the sum then due. but such credit shall not cure or aaive any default occasionin6 acceleration. ~ Each msker, guarmtor and endorser waives presentment, protest. notioe of protest and noticti of dishonor and agees to all msts, inciudi~g a rasonabk attorney's fee and any attorney's fees incurrcd on appeal. whether wit be brouaht or not, if counsei shall aRer maturity of this note or defauit hereunder or under said mortgage. ix employed to colkct this note or to protect the security thereof. - DETAILS OF LOAN ' (7~eck d appliabk: I. ~ No notiee of reciuion required 3. 0 Notice of rccission rcquired t 2. ~ No tlood insurance required 1. O Flood msunnce requirod ~ ~BTGACE.PAYII~NTSmade.iw~.~..cw~seCUtire ! r paymentsof S+----Y- each. the first of said pay- E ments due ^ 19 .~ayments may include t'ax ~a ~du wnn e~ escr w CONSTRIJCTtON LOAN (if ~ ~S SF3L ZOI'~.1 3~h~V appliqbk): leterest accruod at ~ ~E per annum payabk up to . 1~ , on amounts disbursed Crom the construction [und, on that date rcgulu payments begin. i INSURANCE: CYedit life and/or disability insuranee not required. offered or provided for. Properry inwrance (fire u?d cawalty) is requirod. Flood inwnnce in artain desiEmted areas is alto required. Mortgage life insurance is not required. Such inwmnce as - is requited or desired may be obtained from or through any duly ticensed person or company that Bonowa may choose, subject to Lender'~ riaht to refuse an irisunr for good cawe. The Sank can, if you wish, arnnge for mortgage life inwrance, but not Ca property insurance, fue insurana or flood inwrana. ~ ~ LATE PAYMEM' AND DEFAULT: Borrowers are wbject to a late chu~e not to exceed 2% ot any installmem unpaid for 10 days after tde due dste with a minimum chuge u may be rcasaubly imposed by the bank from time to time: after default or maturify the principal wm remainina unpaid and accrued intercst stull both bear interest at the muimum rate then allowed by • law. Bortowers shall pay all costs of cdkction. - June ?8 SECURII'Y AND SEl'OFF: Loan is.secured by a mort~ee of , 19 on the ral estate descnbed,_ therein to~ether with all appliances, and items aow~ or herafter attxhed to or placed on the property and considered fixtures. The Bank is given the right of setoff arpinst aU deposits, credits and other property of Borrowen in the possession or conttol of the Bant, !or We indebtedncss, thoush unnutured. The mortg~~e w~ill secure future or otha indebtedness and wiU cover after acquired property. PREFAYMENT: Borrowers may at any time prepay in fuU or in part any unpaid balana withoutpe mlty. Any pariial prepayment shall be applied aaa~tst tde wms ahidt wrill last become due hercunder but shall not otherwise affect the due dates or amounts of paYments ASSIJMPTiON: If assumptan ot this ban is permitted by Bank. Bank w~ill charae a service fee for said uwmption. Such assumption shall be gnnted at the bank's sote discretion. 1 acknowledge the receipt oC a completed copy of this note prior to signature. and that it is cortect. ~ Maker's Address: ~ - . ' ~ (SEAL) - ~ _ _ . . ~ ~ • i y"; n ~~u Q...C -~tZ'^(SEAL) ~ - -TUa ~8$SZ' c - (SEAL) t _ (SEAL) ~ a~~K 2~8 ~A~~ 99'1 ~ ~ CUSTOMER COPY > es a 3o a.v. 4n6 ~ _ _ ~ ~ , ~ ~ - - - ~ - ~ ~e r ~ a..,. rr . _ . . _ ~ ~~~'~`~`a~-~~.~~=s.ii > ._r . _ . _ _ _