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Home My WebLink About0094 MORTGAGE NOT~ = 60 . 000 . 00 J anuary 4 ,~y 79 For ~?alue ~a~ived. tAe undetsitned )uintly ~od ~eradly Ptomis~ to paY ~o the otdtt ot Firs t Nat ional Bank o f Fort Pierce, a federal banking corporation SIXTY THOUSAND and no/ 100- - ~~~u,, the princ?pal sum o[ cent pec annum: tM in~erest ~nd principsl ot tl~b noa to b~ with interest 1he~eon from Ja1e at ths tste of Vn p~K1 at fullows: Three hundred (300) equal monChly payments of FIVE HUNDRED TWENTY- FOUR and 22/100's DOLLARS ($524.22) ~ 22/100's June 1 ,19 79 ~n~ w~, Five htndred twenty-four & Se6in~in~ on and the sairn amount o~ the same dar of eacA month for consecutire months until thts oote is paid. . 'il~e aforesaid payments ue to be applied first to inte~est at the nte aforesaid due upon tha Qdncipd wm or w mad? thesaof - u dwll trom time to time remain unpaid. aad tAe balance of each psymeat thaY bs applied to the teduction ot the principal. AO payments ot in~ercst and princiPal ue paysbk at 1he office of the payee in the city abcve tet iorW, or at such other placr as tl?e lalder may desqtmte in Mrtitinj. w law[ul money of the Unittd Sqte~. I[ arty ot said paymeats of intecest and pru~c~t+al shall no1 bc paid when due then the eutire princiPal sum and ~ocrnad iotetest shali become due and payabb at oace. ~t the option oi the hotder of this twte. . This note is to b: ronstrucd and cnforced aaotdin~ to the iaws ot the State o[ Fbrida. ~nd 'u seaued by aattpse on teal estate Uatod -Tant~ar~_,~..19~2. 1f default be rnsde in the PaYment of sar ot said wms or interest or in the per[ormaaa oi anr aaeements tontained hece. or in pertormana o[ the terms ot the inuttpae Kcur this note. ihen. at the option ot the hdder of the ume. the principal s:,m tlxn remainins unpaid a~th accrued intecest shaq~mediately become due. payabk and colbctibk without notice time be,ng of thr essence of lhis contract, and said ptincipal wm aad ~id accruod intaest thall beat inierat at ma~cimum rau tAen allowed by law~ froro such time until paid. The hoider is ~iven and streed to hare the ri~ht o[ ~etoti ainst aU deposits. aocoants. re cced~ls and other pwpertr e:ch maket. awnatot and eMaser in possession or conttd ot ~hs h er for aay and vu~ous sums Jue he~eumle~, withuut rcyuurment of nutk~e. Any langwte in aid note or mortaase to the contruy notwiths4ndin=. no interest thall be chu~ed ot colkcied in excesa oi that alb~red by Flor~da law. and in the eveat of the acakntion of the mortpre. utd the aous secured thereby. any praPaid and uneuned interat and poinu in excess of a Iswf~l rate ot interett to the date at eaforcemeAt of payment s1~a11 thereupon bs rcfunded tu Ihe Nort~+`o~ automatinlly by the cr4diti~ of same a`ainst Ihe sum then due. Sut wch aedit ihaU not cuce a wai~e any default oc.~s~uninY acalerrtion. Each make~. auarantor and endorser waives p~esen~ment, protat. aotioe o! p~otest and noGce of diihonor and afree~ to all co:t:, inctudir~ a rcason~ble attorney's fee and any.sttorney's fees incu~rcd on appeal. whether suit be broutht or not. if rnuasel shall atta maturity oi th~s note ot default heteunder or uadrt said mortEase. be employed to toikct lhit note ot to proleM the se~unly thercoL UETAILS OF LOAN (]~ect t( appiiabk: l. O Nu aotk-e of tecission required 3. ~ Notice of recission ~equired 2. No ilood insu~ance required O Flvod insarance tcquired ~ consecoa ~ly 524.22 ,~v,. ~he ruic ot said par- ?fORTGAGF. PAYMEN7S made in r~l paYments of f , ` men~s due J~e 1 1979 , Payme~~s may include tax and inwnnce eurow. CONSTLtUCTION lAAN (if i ~y , on amounts appl~csWe): interest acnrued at 9~ per annum payabk up 1o J~e 1 . ~q disbursed from Ihe conitructiun lund, on twt date te~ulu paymmtt bc~ia. INSURANCE: Ctedit life and/or disability inwcanoe not requirod. of[ered ot pro~ided lor. Propertr insuranu (fue and atualty) ~s requued. flood inwrance in aiuin desisnated uqs b abo requued. Mort~aee life inwranca h aot required. Sucb inwnnce a~ ic required or desired mar be oblained from or throu~h any duly licensed petwa or company t6~t Borrowu may choose, tubjtct t.~ Lender i risht to refuse an insurer for `ood ause. The Bank an. it you wish. uran~e for mort~e lile insun~e. but aot [ot pr.~perty inwrance. fuc inwrance or Oood ias~rance. LATE PAY?~IENT AND DEFAULT: Borrowers ue subject to a late chuge not to exceed 2'X of ~ny installmeat unQaid for 10 Jays after the due dste with a minimum charst as may be reswosbly imposed bY the bank fco:n time to time; a[ter default or nutunty ~he principal wm rem~ining unpaid and acrned intstest ~alt both bar inte~est at the maximum nte lhen allowad by I~~r. i3v~tuwets shall p.?y all custs of edleetan. SECURITY AND SETOFI~: Loan is secured by a mortpge of 'j~~ 4 . 19 79 on the ral astate desaibod. ~hrrein tc.Re~her with all applun~xs u~d items aow or haaftet attschod to or plxed on the proputy and considaed Gxtura. 1~hc Rank is given the ri~ht of setuff apinst all depo~tt. credilt aad othet property of Bortowen tn the poaseuion or coauol of ~I~c [iank. for the indebtcdness, thou~ uamaturod. Tbe mort6a~e w~il~ sea+re ~uture or othec indcbtedaess aad ~riU cover attet acyuued property. PNEPAYMENT: lTorrovrers may at any time prcpay in [uU or in psrt aay unpaid baW~ce aithout peM t~ Any par~ial p~epaYment shaU be applied aaaiiut the:ums xhich will last become due herew~det but shall not otherwise ai 3ue dates or amuunts of paymcnts. ASSUl+1PTlOI~: If uwmptwn of this bsn is permitled by Bank. liank ~nll chatie a service fre fot said auumpt~on. Such usumption shall be 6iaated at tht bank's sok distrction. I acknowledge the recetpt of a rnmpletal copY of this note prior to signatute. ard that it k oorrect. Maket's Address: (SEAL) e on . ox / s / CAROL R . COX (SEAL) - aro . ~ (SEAL) e (SGAL) ~ gaa~301 ~A~~ ~94 COPY ~ i5 830 A~.. a/76 ~ - - - I ~ ' s r~~`~ ~ s ~ - . " . ` : 1 ,