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Home My WebLink About0330 MORTGAGE NOTE Fort Pierce~ Florida September 8 ,19 78 For va~ue rece~red.lhe undetsi~ned jointly snd seretalir ptomise to psy lo the otdet ot FIRST NATIONAL BANK OF FORT PIERCE~ a federal banking corporation. tt~e princi~ sum ot ~~NTY-THREE T~OUSAND atld_T1o/~44- - - -Douars, w~i1h interest thereon f~om~ste a! the ra~e ot t@II pet cent per snnum; the interest and princip~l of thu oote to be paid as folluws: Sixty (60) equal monthly ayments of FOL'R HUNDRED EIGHTY-EIGHT and 69/100's DOLLARS ($488.69~. ~ 69/100's !lcgmningun October 20 ,19~,~newmor Four Hundred Eighty-eight artA tAe samc amount on thc same day of qch montA [ot fiQ consecutive monlhs until this note is paid. The sfonsaid paymeMS ue to be spplied Orst to interest at tAe nte Jarcsaid due upon the principsl sum or so much thereof as shall f~um Ume to time iemun unpaid, and the balaeux ot each payment shaU be applied to the reduction o[ lhe principal. All payment: of interest and principal arr payabk at the otfies of the paya ie the city ~bove set forth, ot at such other plr.Y as the holder may des~na~e in writiaa. ~n lavrful money of ths Unitod Sqte:. If any o! said payments uf interest and pnncipal shall not be paid when due then the entire principsl :um and accrued interest shall become due and psyabk at once. at ihr uption of the holder of this nuta - 'Il~is note is to be rnnstrued anJ enfurced accordina to the laws o( the State u[ Ilo~ids, and is secured by nart6aae on aal e:uce Uated Q.~ $~,7$ . 19 . If de(aull be made in ~he pay ment of any of said sums ur interest or in the per[ormance of any agreements contained herc. ur in pe~formana: of the terms of the mottg,age secutina this nate, then, at !he optan of the holder of the same. the principal ~ur:~ thrn reauminK unpaid wi~h acctued intecest shaU immediately Decome due. paya~k and coUeclibk without notice, time brmg ~?f the csseme of Wis cunt~xt. and sSid prin~ypal sum and niJ accroed interat shall beu iMerest at maximum rate then altu..•cd by Irw, from such ume until paiJ. TAe hdder is Riv~en and aareed to have the riahl of seto[f saau?st atl deposits, accounu. ~r~d~ts and uthrr ptope~ty of tarh nuker. Ewnntot and enclurser in p~seuiun or conuol of the holder foc any and various wms duc hr~cund~r. without ~equirement oir notice. Any IancuaFe in saiA notc or mort6ate to the contnry notwithstandin~t, no interest shal) be charged ot colktted M eaceu of ~ha~ alluwed by f7orida law, arn1 in the e~Yat of the sccekration of the mottEaje. and the notes xcured thereby any pnpad and uncarned murest and points in excess of a lawfut nte of interest to the date of epfacement oi payment shatl thereupon be - refunded to the I~fongagor autunu:~ally by the crcditinit of saax apinst the sum then due. but sucA aedit shall not cure or w~we any deiauN ucrauuning ac~elrr~tion. Each maker. guuantor and endorser waires presentment, prote:t. notice of protest and noGce of dishonor and a~rees to aU rosis, ~ncludmg s reawnable attorney's (ee and any attorney's fee: incu~red on appeal. whether wit be brought or not, if counsel shali afier matumy of 1hu n~~te or default hereundet a undtr said mo[taage. be employed to collect this note or to protect the ~ xcunty lhereuf. I ~ U~7AILS OF LOAN ~ Q~ecl i[ applipble: 1_ C~ No notice of rerissiun reyuired 3. ? Noti~:e of reciuion required ~ 2. L~ No t1~wJ insunnce rcquired 4. O Fto~d insurarne reyuired ~ MUK"fI:AGE PAYMI:NTS made in _~25LCUnsecutire ~1~11Y qymenls uf S 4~ • 69 , erch, the first of said pay- ~ mcnh due OCtO~r 2~ . 19_i.Y_. Paymenls rtuy include tax and insurancc escrow. CONSTRUCf10N LOAN tif ~ app6.abl~): Interal accrutd at % per annum payabk up to . 19 , on amounts ~ dubur~cd Iwm tht construclwn fwx1, on Ihal date ~esulu payments 6esin. ~ INSI;RANC E~ C'redit life and/or disabilify insurance not ~equired. offered or provided lor. Property inwnnce (fire and auulty) ~s ra~uurd. 1•kwd ~n~u~~nce in certam designated aras is alw required. Mortga~e life insurana is not ~equired: Such insurance as ~ ~s tequ~ced ur desired may be obtained from or thtough aay duly Ucensed person or company that Borruwer rtuy choose, subject ~ w Lendcr's right tu refu>e an insurer fot Sood cause. The Bank an. if you wish, arranae tor mortgsge life insutanct, but noi !a proycrty msuiancc, fin insurana ot tluod insunncc. s LATk: PAYMENT AND DtFAULT: Borrow~ers ue wbject to a late chuge nut to excced 296 0[ any in:tallment unpaid fur 10 z days atter the due date rrith a minimum charge ss may be reasonably impo~ed by the bank from time to time: aCtu de(ault or ~ maturity 1he principal sum ~emaininR unpaid and acctued interest s1uU both beat interest at the maximum nte thea aUowed by law. Honow•ers sh.ll pay all cotts of collection. ~ SI CUltl'fY ANU SI•TUI~!'= Lwn is ucured by a morl~Re of ~pt' 8 . 1978 on the resl estste described. ~ tl.erem togcthcr with all ~pplunces and items aow w heteafter atts~hal to or plu:ed on the propertr and consiAered fixturcs. ~ Thc Nank is giren the right of setoff a~ainst all depasita. crcdits and othtr property of Borrowen in the possession ot control of ~ Ihe N~nk, lur Ih~ ~odebtedneu, Ihuugli unmatured. The mort6sge w~ill tecure fu~ure ot o~hu indebtodness and will cover atter ~ a:qu~rrd property. PREPAYMFM': Borrowers may st aay time pr~pay in full or in part ~ny unpaid batance withoutpe nalty. _ An~ putial prepaynrcnt sha11 be applied asainst the wrro wfiich will lsst beco~ne due hereunder but shaU not othenrise affect the ~ due d~tes or ~mounts of payments. ASSUI?1P?lQN: If ~swmption of this Iwn is permitted by Bank. Bank will charge a service ~ lee for said as.cun~ptwn. Such assumption shall be ~taalt6 at tbe bank's sde discretion. ~ ~ 1 acknovrledge Ihe re.Yipt uf a curopfeted copy of this nute prior to si~nature, aed that ii is oonect. - ~ !?1~Act's Addreu: :i _ /s/ ART RUSSAKIS ` _ (SEAL) 4 S ; (SEAL) ~3 ,3 (SEAL) (SEA4) ~ _f 294 ~~~t 33p ;s COPY z '4 ~ - ; a~r. re~, ei;e ~ S . . . ' ' ~~s. ....aa_ i _ ' - -r~~~....~" _ . " . . - ~ . , ~ ' . _ _ ~ 'W, F ~ -Y~. - r ~ 4 r.,.:_ ,r. - ~^;~C• "~"~~x_.o+...~~t~N'.~d~+"~~`~.~~~"•~YF-..._"~'.~i1,~n. . 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