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Home My WebLink About0503 MQRTGAGE NOTE = 18.500.00 _ December 19 ,1978 Fa value tecelved. tlta unders>xned jointly and aewrauy promire to pay to the cedar of First National Bank of Fort Pierce. a federal banking corporation.• r _ the principal wm of with interest thereon from date at the rata of par ant per annum; the interest and principal oT fhb no D to be paid as follows: 180 equal monthl payments. of ONE HUNDRED NINETY-FIVE and 99/100's DOLLARS ($195.99 99/100's lkginning on February 1 ,19 79 ,the One Hundred Ninet -Five & and the same aunount os the same day of ach month for consecutive month: ustp thh hots le paid. The aforesaid payments are to De applied first to interest at the rate aforesaid dne upon the principd sum or w much thettof as shall from time to time tentaia unpaid, and the balartoe of each payment shall be spplied to the taductbs o[ the principal. AU payments of interest and principal ate payable at the o[fia of the payee 6t the dry above sat [orW, or at such other place as the holder may designate in writing, its lawful money of the United Sates. if any of saki payments of intetast and ::,,,_,r~! ~~.s!! ::rs M ,aL! when due thsn tk eetire principal wm and accrued interest shall become due attd payable at ottoe, at the option of the Holder of this note. , This note is to be construed and enforced according to the laws of the State o[ Florida. and is segued by mortgage os ceal estate Dated Dew 19 ,19~. i If default be made in the payment of any o[ said wms at interest or in the performance of any agreesreats eontaised here, ur in perforuunce of the terms of tM mortgage securing this note. then, at the option of the holder of the same. the principal I sum then renu?nirgt unpaid with atxrwd interest shall immedutely become due, payable and eoYoctibis without notice, lima being of the essence of rhea conttsct. and said pprincipal roes and said accrued interest shall beu lateral at nuximum rate then allowed by law, true such time until paid. The Aohkr isghren and agsed to bare the right of setof[ all deposib. accounts. € credits and other property of each maker. gwrantor gad endorser in poasesrlon or contrd of the holder [or any am various wms due hereunder, without requ'urment of notice. - Any largwge in said note or stortgage to the contrary notwithstanding. no interest shall be charged or collected in excess of that allowed by Florida law. and in the Brent of the scceleetion of the mortgage. and the [totes secured thereby. any PrcPad and unearned interest and points is excess of a Itwful rate of interest to the date of enforcetneat of payment shall thereupon be :efundM to the Mortgagor automatially by the cceditiag of same against the sum then due. but such uedit shall not cute err v?aive any default occasioning acalentios. leach maker. gwrantor and endorser waives presentment. protest, notice o[ prefer and notice o[ dishonor"and agrees to all Frosts, includintt a reaaoruhk attorney's [te and any attorney's fees incurred on appeal. whether suit be brought or not. if counsel shall after maturity of this note ur default hereunder or ttrtdet said rrtortgaae, be empbyed to collect thh sole or to protect the security thereof. UE'TAILS OF LOAN (]reek if applicable: 1. ~ No notice of recision required 3. ? Notice of rtcissios required I j 2. ® No flood insurance required 4. ? F7ood inwrance requirod { MORTGAGF. PAYMENTS made m consecutive payments of f 195.99 each, the tint of said pay- rnents due FPh - ~ i9~. Payments may include tax and inwcanu escrow. CONSTRUCTION LOAN (if applicable): lntcrest accrued at !U per annum payable up to . 19 on amounts dulwrscd from the construction fund, on that date regular payments begin. 1\SURAI~CE: Credit life anJ/or disability insurance nrrt required, offered err provided for. Property insurance (Ctre and asualty) is required. I•loud insurance in ceruin desigruted ueas is also required. MortpZe life insurance is not required. Such iusutatwx u is required or desired pray be obtained from or through sny drily Ikeased person of company that Borrower may choose. subject to Lender's riRtit to refuse an insurer for good atrse. The Bank can, if you wish, arrange [or mortgagee lifer instuance, but not ttx property insurance. foe inwranee or Ibod inwrantx. LATE PAYAfF.NT AND DEFAULT: &,nowen are wbject to a late chuge not to exceed 29L of say instatlmeni unpaid for l0 days after the due d..r w: ~ :'.:_:oc '!^."!y !~'-`^"'My imr,....Hl by the bank from time to time: aflec default or maturity tl?e principal awn remaining unpaid gad accrued inteatt sluff both bear interest at the maximum tale then allowed by law. Burrowers shall pay all costs of edkction. SECL'R1TY AND SETOFF: Loan is secured by a mortp6e of DeC • 19 . l9 79 os the rml estate destxd>ed, tt?ercin tuRether with all applunces and items now or herafter attached to ut placed on the property and considered fixture. "Ilx Bank is given the rgdtt of scruff aEsuut all depoats. credits and other property of Borrowers iu the possession or control of . the Bank, for the indebtedness. thoultl? unmatuted. The mortgage will secure future or other indebtedness and wW rover after acquired property. PREPAYMENT: Burrowron may at any time ~rcpay is full of is part any unpaid balance without ty. Any psrtial prepayment atoll bt applied a><airut the wms which well tut become due hereunder but shall not otht:rwfse eel the Jue dates or an><runts of payments. ASSUMPTION: If assumption of this ban is permitted by Ban1l, Bank will charge a service (ee for card auumption. Such aswmption shall be granted al the bank's sole discretion. ~ 1 acknowledge the receipt of a completed rnpy f this note prior to signature, and that it is correct. M.i1:er's AJdiesc: EA U n uay - / _ L) Anne D. uay , (SEAL) (SEAL) CN ' eoijit 3~~ ~'atrE 5~ ~ _ 5 e30 Rw. 1/76 - _ ,r, _ _ - - a-