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MORTGAGE NOTE
s 63eAAA~[)A c/~/r1J9~Ex ,ly~
For wlue received. the undersigned jointly and ssverally promise to pay to the order of
FIRST NATIONAL BANK OF FORT PIERCE, a national banking association
the principal sum of SiXty Three ThauBand & No
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vith interest thereon from date at the rate of 1 ~ per cent per annum; the Intecest and principal of this note to be
paid as follows:
Interest only until 3/14/79 and payable on that date, then;
Beginning on~gril 14, l9ZQ.,the mof $677.01-------------------- p~~,
6 ~ ~sar~elamount on the same day of each month for 7 Q conxcntive more and
on the 180 month on the same day of the month.
The aforesaid payments aro to be applied Cost to interat at the rate aforesaid due upon the principal sum or so much Wereof
as shall from time to time remain unpaid, and the balance of each payment shall be appUed to the reduction of the principal.
AU payments o[ interest and pritlcipsl an payable at the office of the payee in the city above sat forth, or at such other
place as the holder may designate in writing, in lawful money of the United States. If aqy of said payment: of interest and
principal shall not be paid whca due then the entire principal sum and accrued interat shall become due and payable at once, at
the optaa of the holder of this note.
This note is to be construed and enforced according to the laws of the State of Florida, and h aetatred by mortgage on real
estate Dated even date ,herewith.
If default be made in the payment of any of said sums or interest or in the performantx of aqy agreements contained here.
or in petforaurlce of the terms of the mortgage securiil~ this note, then. at the option of the holder of the same, the principa!
wm then remaining unpaid with accrued interest shall Immediately baome due, payable and oolkc4'bk without notice. time
being o[ the esxnce of this contract. aid said principal wm and said accrued interest shall bear interest at maximum rate then
allowed by law, from wch time until paid. 711e holder is given and agreed to have the right of xtafT agmnst all deposiu, accounts,
credits and other property of each maker, gwnntor and endorser in possession or contrd of tde holder for any and various wms
due hereunder. without requirement of notice.
My language in said note or mortgage to the contrary notwithstanding, no interest shall be charged or collected in excess
of that allowed by Florida law, and k the event of the acceleration o[ the mortgage, and the notes secured thereby, any prepaid
and unearned interest and points in excess of a lawful me of interest to the date of enforcement of payment shall thereupon be
refunded to the Mortgagor automatially by the crediting of same agair?st the sum then due, but such credit shall not taro a
waive uIy default ocpsioniag acceleration.
Each maker, guarantor and erdorxr waives prexntment, protest, notice of protest and notice o[dishonor and agrees to all
costs. iaduding a rasotubk attorney's fee and any attornsy's fees inclmd on appeal, whether wit be brought or not, if counsel
shall after maturity of this note or default hereunder or under said mortgage, be empbyed to collect this note or to protect the
xcurity thereof.
DETAILS OF LOAN .
Check if applicable: 1. ? Nn notice of recisuan requirred 3. ? Notite et ncission required
~i 2. O No hood inwranee required 4. ? Flood inwrance required
I
~ MORTGAGE PAYMENTS made iaL$.0_eonsecur:vemn~rsf_1vl=payments o[ S 67~ eadl. the fLst of said pay-
! ments due ___Anr i 1 14 1924.. Paymenu may include tax and insurance esaow. CONSTRUCTION LOAN (if
f applicable): Interest accrued at,]„Q_96 per annum payable up to M~rCh 14, ,19~, on amounts
disbursed from the construction fund, on that date regular payments begin.
INSURANCE: Credit life and/or disab~ity inwrance not required, offered a provided tor. Property iawnrioe (tire and cawalty)
a is required. Flood insurance in certain designated aces is also required. Mortgage life inwranoe is not required. Such insunnoe as
is required or desired may bt obtained from or through any duly Gcsnsed person or company that Borrower may choose, wbjed
to Lender's right to refux an insurer for good cause. The Bank can, if you wish. amage for mortgags life insurance. but not far
property itiwrance, fire insurance or [food insurance. "
LATE PAYMENT AND DEFAULT: Borrowers are wbject to a late charge not to exceed 2'X. a[ any installment unpaid for 10
days after the due date with a minimum charge as may be reasonably ia?posed by the bank.from time to time; after default err
maturity the principal sum remaining unpaid and atxrued interost shall both bear interest at the maximum me than allowed by
law. Borrowers shall pay >v costs of collection. herewith
SECURITY AND SETOFF: Loin is secured by a mortgage of pvrsri Aata ~ 3~t on the realestatadesrnbed.
therein together with all appliances and items now or hereafter attached to or ph?ced on the property and considered flxtnres.
The Bank is given the right o[ xtoff against all dttpposits, credits and other property of Borrowers in the possession or control of
the Banlc, [or the indebtedness, though unmatured. The mortgage wdl xcure future or other indebtedness gad wIU covsr after
acquired property. PREPAYMENT: Borrowers may at any time prepay in full or i6 part arq unpaid balance without penalty.
Any partnl P~Yment shall be applied against the wms which will last become due hereunder but shall not otherwise affect the -
due dates of amounts of paymenu. ASSUMPTION: If aswmption of this loan is permitted by Bank, Bank will charge a xrvioe
fee for said assumption. Such assumption shall be granted at the bank's sde discretion.
1 acknowledge the receipt of a completed copy of this note prior to signature, and that it is correct.
~ Maker's Address:
4735 Ad
ems Street (SEAL)
Hollywood, FL - 33021 (SEAL)
(SEAL)
(SEAL)
BOOK t~lJO PACE
es a3o a.v. erne ORIGINAL
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