HomeMy WebLinkAbout0776 J
~10RTGAGE NOTE
s Zs, ooo. oo Juiy i.:~ 1-'~' , i9 78
Fot ri:ue ce:eired, tht unJerfy~n~d ju~utly and sCVZraliy p:omise to pay to tl~r o~det of Firs t National Bank
of Fort Pierce. a fede:al b%.Il~dlilg corporation. whose address is
300 S. Sixth Stree~. For~ Pierce, F2orida 33450,
;iirpnr.:i,aisumu[ ~enty-Five ~hot~sand an3 ~0/100's ----------_----no~~u:,
w~tn mtrrrst thereon irom date at the
r+~t~
of ~~3/ ~xr cen: prr annum: tf~e inte~est and punc~pal of this note to be
pe..: ~s tol~ow~:
:~ao Hundred Forty (240) equal monthly paynents of TWO HUI`'DRED
THIRTY-SEVEN and I.3/100's Dollars ($237.13).
November 1 78 ~ao Hundred Thirt -Seven and 13/100
Beginnir:g on . i9 the su f I?oAat~.
:cMi the same amount on the same day of cach month for consecutiva months until this note is paid.
~
The a.xrs~id p~yments ue to be applied fint te intercst at the rate aforesaid due upon the principai sum or so much thereof .
•s st~.i: irom ume to time remain unpaid, and the ba{+n~~ of wcn payment sF~ali be applied to the rrduction of ihe ptincipal.
Atl payments of intercst and p~iocipai are payabit at the office of ihe payee in the city above set forth, or at such other
ri:.:e :?s :he ho:der r.~:y des~natt in wnting. in lawiul muney of the l:nitad Sates. If any of said payments of interest and
~nn:~p:?1 via.! not b~ paid when due then tne rntire principal sum and accru~ci interest shail become due and payabie at ona. at
:h.e o~uon of tne holdz~ of this note.
"iliu note is to be rnnstrued and enfarced according to the laws o! tlie Stato of Florida, and is securad by mortga~e on real
est+u D.trd Jul~_.19~.
if ::ci..uit oa ni~de ~n the payment of any of said sums or interest or in the }+erformance of any agrecments contain~Yt here,
or m,.t(or+~urcc of lhe tcr~uc of tlic mori~gc sccuring this notr, i;?cn, at thc optian of thc holdcr of thc camc, thc pnnc~pal
' w~:~ :l:cn rciu~ini~~F unprid u~Ih a.rrucd int.rcxl s1~:Ji nnw~Jiat~ly bccomc duc. payablc •rnd colleclihlc w~lhout n~~i~cc, unic
:.~u~~ uf 1i~. r+vnir uf liii~ runtr.«I, auJ c:~id ptinrip:d xUUO ~nd ~:~id recruCd IntCtCd ~IIJII ~ll:lf ~nlCfCSI il t11:1%IIIIUIII IJII. ILcn
rii.~wrd by iaw•. ~f~ltll SUCII l{IIIC UIIIII ~~JIII. I IIL ZNII1ICf 1~ ~:IVI'O Jql~ J~;fl'l'lI IU Ii~VC Uld n~;ht of v~tuff :~~~~rct .li Jcpuc~ts, •rccounl~,
crcwu and o~hrr pro~ity ot rarh makrr, cuarantor aixi e~xloner in posussion ot control oi the holdet ior nny :,~xl vanuus sums
dur :~rcrun~:er, ~?ithuut rcquirrment of nouce.
~ Am• iu?gw~e in sa:d oote or roortgaga ro.he coninty notwithstanding, no interest shall be charged or collected in excecs
o: t.:3t aUow~ed by 1•loz~da law, ~nd in the erent oi the acoeleration of the mortgage, and the notes secured theteby, any prepa~d
~ and :.:.r..rnr.t intrrest and aoints irs excess of a iawful ra:e of intcrest to the da[e of enfotcement o[ paymtnt shali thereupon be
rr;urdr3 to che ~tort~gor autom~ticai{y by the cred~tir?g of same against the sum then due. but such credit shall not cure or
w•a~~Y any detauli ocqsion:ng acceleration. .
t.::h m~ker, guarantor ~nd endora:r waives presentment, protest, notice oi protest and notire of dishonor .nd agrees to all
cos~s, iactud.ttF a teaso:uule attorney's ire and any attorney's fees incurred on appeal, whether suit be brought os not, if counsel
s:ull aftrr :ia:ur~ty of this note or default heceunuer or under said mortgay~, be employed to coitect this note or to protect the
stcu:ity :i.trtof.
D~TAILS OF LOAti
C7seci if ap~l~cabk: 3. lTL ~o ne~Ure of tecicsi~n require3 3. G~ot~ce of recission requued
2. u Ao Ilood utsuranct rzguire~~ 4. ~ Floa1 insuranct reyuired
240 monthl 237.13
1?S0~2TGAGE PAl'~tE:\TS made in~
consecutive xayments of S--. each, the fint of sa~d pay-
rs:rr:s a~z ~ovember ~y / O p~ymenis may include tax aad inwran~e eurow. COYSTRGCTION LGAN (~f
;~~.ableJ: Inter~st accrued at Z~/ ~er annum payaoie up io._i]AV(~T:~PT 1 , j9~. on amounts
d,.n~:~rJ ?ro:a t~tie cunctro: iiun iuu3, r~n d~at daie ~egular paymenis Legin.
:\Si"RA\CE: Crcei~t ?te ~ndior disahiiuy mcunn:e not required, offtred or provide.i for. Properry insuranee (fire and cawaity)
is reqaisz6. i~lochi inwnnce in certain designated areas is also cequired. Alortg~ae iife insutance is not required. Such insurance aa
rrqw;ed or deureG may oe obt~ined from or througi-~ ~ny duiy iicensed person or company ihat Borrower may choose. subject
co Lrndei s c~gnt to re(use an insurer for good c~use. The 8ank nn, i! you wish, ura:~e for mort~ge life insurance, but not for
propeciy iasunnce. fire insunnce or ilood ~nsuranct.
LACc i~A1~:+1Etit~ ATvl7 DCFAui.i: uorrovicers att subjeCl lu e iate c~arg:. ao: :o excetd 2~ of any :asiallmeat unpsid for :~J
da}•s afur the due date w•ith a minimum charge as may be reasonabi~~ im, osed by the bank from time to time• afur default or
::;u::ty :ae gr:nc:na: sum remaining un~ aid and accrucd interect shali both bear intecest at the maximum nte~then aUowed by
~.w. 6orrow~ers shail pay ail cosls of coliec:ion.
SFCZ:RITY A~D SE?OFF: Loan is secured by a murtgage of July ~y~ , 1978 on the real estate descnbed,
~ t:~r:c:n totccnrr with .11 .ppli~r.ces an3 items now or nerwfter attached to or plac~i on the propetty and considered fixtutes.
E T.x 3:nic 1s giren ihe r:ght of setuff aeainst ~ii deposits, credits and other property of Borrowers in the posseuion ot controt of
~ ~re Bdni, for the mdebtedness, thoup,h unmatured. The mortgage wili secure future or other indebtedneu and will cover atcer
~ :cy,.ued ~roprrty. PREPAl'~SE\T: Botrowets may at any nme prepay in fuil or in part any unpaid baiance without penalty.
~ Ar.y p.rcial pre~aymint shaU be appii~d against the sums which wul last become due he~eunder but shail not otherwise alfect the
~Le wtcs or amaunts of payrtxnts. ASSti~1PT10\: If assumption of this loan is permitted by Bank~ Bank will chuge a service
~ :e~e ior saia aswmpt?on. Such assum,~tion shall be granted at the bank's wle discrction.
3~
- J:ckr.o,.ie.:~e tie recei~t oi a completed copy of this note prior to signature, and that it ii oorrect.
>~y ataictt s Add:ess: ~
~~.r~-
i /
r~ ~~l ~L-y 22 / ~ ~ ` . ~ C (SEAL)
Ky;
w M~.xti ,R. S,Lyer
~ -
a_ti (SEAL)
~ Doris E. Styer
_ (SEAL)
z`s
~ (SEAL)
~-k 1~
~ ~UU~ 290
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OR1G{YAL
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