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MORTGAGE NOTE
7
sl0, 500.00 Gecelrtber liS, ,1978
For value received. the undersigned jointly and severally promise to pay to the order of
FIR8T NATIONAL $A.~i$ OF FORT PI~xCis, Fort Pierca, Flt~ridlit
--T~renty Nina T_hoQsand Five ~i:>;ndred anti no/100----
the principal wm of
-with interest thereon from date at the rate of per cent per annum: the interest and principal of this note to be
paid u follows: '
i
January 18 70 --------+348,31-------------
Beginning on , 19 the wrtwj,~~ Dollars,
and the same amount on the same day of each month for conse~vtive months until this note is paid. ?
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The aforesaid payments are to be applied first to interest at the rate aforesaid due upon the prindpal wm or so much thereof
as shall Crom time to time remain unpaid, and the balance of each payment shall be applied to the reduction of the pre.:; e;.al.
AU payments of interest and principal are payable at the office of the payee in the city above set forth, or at such other
place as the holder may designate in writing, in lawful money of the United States. If any of said payments of interest and
principal shall not be paid when due then the entire principal sum and accrued interest shall become due and payable at once, at
the option of the holder of this note.
This no~~s~r~1rr~~~p~t$ fbe 1t~ of t~ of Florida, and es secured by mortgage on real
estate Dated . 19
If default be made in the payment of any of said sums or interest or in the performance of any agreements contained here,
or in performance of the terms of the mortgage securing this note, then, at the option of the holder of the same, the principal
wm then- remaining unpaid with accrued interest shall immedutely become due, payable and collectible without notice, time
being of the essence of this contract, and said principal wm and said accrued interest shall bear interest at maximum rate then ;
allowed by law, from such time until paid. The Molder is given and agreed to have the right of setoff against all deposits, accounts,
credits and other property of each maker, gwtantor and endorser in possession or control of the holder for any and various wms
due hereunder, without requirement of notice.
Any 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 in the event of the acceleration of the mui tg:~, and the notes secured thereby, any prepaid
and unearned interest and points in excess of a lawful rate of interest to the date of enforcement of payment shall thereupon be
refunded to the Mortgagor automatially by the crediting of same against the sum. then due, but such credit shall not cure or
waive aey default occasioning acceleration.
Each maker, guuantor and endorser waives presentment, protest, notice of protest and notice of dishonor and agrees to all ;
- costs, including a reasonable attorney's fee and any attorney's fees incurred on appeal, whether wit be brought or not, if counsel
shall after maturity of this note or default hereunder or under said mortgage, be employed to collect this note or to protect the
security thercoC.
DETAILS OF LOAN
Check if applicable: 1. Q No notice oC recession required 3. ? Notice of recession required
2. ~j No insurance r uued 4. ? F n race required
~wnthly i',~r~
MORTGAGE,F~~}i'~ma~ltjin ~.S)consecutive payments of S ~ each, the first of said pay-
ments due Payments may include tic/mod insurance escrow..CONSTRUCf10N LOAN (if
applicable): Interest accrued at 96 per annum payable up to , 19 on amounts
disbursed from the construction fund, on that date regular payments begin.
INSURANCE: Credit life and/or disability insurance not required, offered or provided Cor. Property inwrutce (fue and casualty)
is required. Flood inwnnce in certain designated areas is also required. Mortgage life inwnnoa is not required. Such inwntxx u
is required of desired may be obtained from or through any duly licensed person or company that Bottower may choose, subject
to Lender's right to refuse an inwrer for good cause. The Bank can, if you wish, unnge Cor mortgage life inwnnce, but not for
property insurance, Ctre insurance or flood insurance.
LATE PAYMENT AND DEFAULT: Borrowers are subject to a late chuge not to exceed 296 of any installment unpaid for 10 _
days 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 remaining unpaid and accrued interest shall both bear interest at the maximum rate then allowed by
law. Borrowers shall pay all costs of cdlection. DEC tZB1L @Y 18 ~ g
SECURITY AND SETOFF: Lwn is secured by a mortgage of , 19 on the real estate descrbed,
therein together with all appliances and items now or herafter attached to or placed on the property and considered fixtures.
The Bank is given the ri~ltt of setoff against all deposits, credits and other property of Borrowers in the possession or control of
the Bank, for the indebtedness, though unmatuted. The mortgage will secure future or other indebtedness and will cover after
acquired property. PREPAYMENT: Borrowers may at any time prepay in full or in part any unpaid balance without penalty.
Any partial prepayment shall be applied agaimt the wms which will last become due hereunder but shall not otherwise affect the
due dates or amounts of payments. ASSUMPTION: If asswmption of this loan is permitted by Bank. Bank will charge a service
fee for said aswmption. Such assumption shall be granted at the bank's sole discretion.
1 acknowledge the receipt of a completed copy of this note prior to signature, and that it is correct. `
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Maker's Address: _ ~ ~ ~ • ~
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~a" ~ ~ d CUSTOMER COPY
F85 830 Rw. 4/76
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