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Home My WebLink About0950 MORTGAGE NOTE " ~ s t; , t) t~. iti? :~DU.:~.~t;~~r ..:1 ; ~ ,19 ~ Fot value teceivrd, ihr undrrc~gnrd ~umtl~ rrnl ~r~t~ally prumise to p~y tu th~ urder uf . r'Iti`;'i _~A:'It?:?~L i>A~'1C i)M i'~iK'l` PIEft( Y-, :`r,l•,. ~1erc~, "lvri~'~ __.-.__lKt.'I1L~i `1~~:JU~i'ltl+:~ Q:1 ~ :;J~~UU-._....-.~_.._ the principal sum uf Dollars. ~xith intere~t therron l~om date at the rate of per .Ynt per annum; the interest and principal of this nute tu be paid as Cotlows: i ~ ~7s.!~u~sry .19 7~~ .thcs _rj~24. ~!3_--___ Beginning un ` ulit.D • pqlla~. ap~ ihes~me amount on ~he sary e 1qj e ontk Cor conse44uve onths n i4 e ~~pa . Z 111A 1 T'Ei~ ll,~:1L n7 ~ Z~+ . U.t ,1f ?Ltl ji~iS'2:;P~1 i~ :lf' UU .1~.I:'; ; ~ :~~i l:a~? I • . The aforesaid payments are to be appiird fint to interesl at the nte aforesaid due upon the principal sum or so much thcreof as shall from time to time remain unpaid, and the balance of each payment shall be applied to the reduction of the prir?cipal. All 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 lawiui money ot ihe United States. !f any of said payments of intercst and principal shall not be paid W~hen du~ then the cntire principal sum and acerued intrrest shall become due and payabk at onoe, at the option of the holder ot this note. This no4e Is to.by~onstrued~nd,S~orced accordireg to the laws of ihe State of Florida, and is secured by mortgage on r~al estate Dated kiCf;la; _@Y' 1•~19 r . ; If deCault be made in the payme~t of ad71 of ~id sums or interest or ir~ ~he performance of any agre~ments contained here, or in pertormance of the terms of the mortpge sf~uru~E this note, then~ at tl~c optan of the hoider of the same, the prirn:ipai sum then remaining unpaid with accrued interest shafi imrr?ediatdy (rtcome due, payable and coUectibk v?7thout notice, time being of the essence of this contract, and said principal suin afd tdid, acCru4d intaest shall beu interat at maximum rate then allowed by law, from such time until pa~d. The holder is given and agreed tqAave the nght of setoff against a!1 deposits, accounts, . credits and other properiy of each maker, guarantor and endorser in possession or control of the holder [or any a~ various wms - due he~eunder, without requirement of notice. Any language in said note or mortgage to the contrary notwithstanding, no interesi shal! be charged or coUected in excess of that altowed by F~orida law, and in the event of the accelention of the mortgage, and the notes secured thereby, any prepaid and unearned interest and points in exceu of a lawful rate of interest to the date of enfotcement of payment shall thereupon be rcfunded to the Mottgagor automatica0y by ihe creditir~t of same agauut the sum then due, but such credit shall not cute or w-aire any deCault occasioning acceleration. . Fach maker~ guarantor and endorser waives presentment, protat, notice of protest md notice of dishonor and agrees to all rnsts, induding a reasonabte attorney's fee and any attorney's fees incurred on appeal, whether wit be brought or not, if counsel shaU aRer maturity of this note or default hereunder or under sa?d mortgage, be employed to colkct this note oc to protect thc security thereol. DETAILS OF LOAN Q~eck it applicable: l. C~j, Ni~ notice of tecissiun required 3_ ~ Notice of recission required 2. Cl No t~yo~ inwrance reqmr~ ~ 4. D Fj ~~ance required - MORTGAGE S in ~ '~dMoec~iW~_.~i~~~~~a~i~f ~3~~~~tE`~t~eaQkk~ t~E=lirs~e~'~Ai$jp3~-i~ ~ _ . l -~S `l: ~ ~~tl~ ---~t+~- Q - ments due ~ _ . 19 Pa~ments may include tax~nd insurance~serow. CONSTRUCTION LOAN ~if • ~~_.rR.~-~~.p~ble~-- ~ , 19 , on amounts disbursed from the construction fu~d, on that date re~ular payments begen. INSURANCE: Credit life and/or disability insutance not required, offered or provided for_ Ptoperty insurance (firc and caswlty) is required. Flood insurance in cerain desigmted areas is also required. MortEpge tite insunnue is not required. Such insurance u is required or desired may be obtained from or through any duly 6censed person or company that 8orrower may choose, subject to Lender's right to refuse an insurer for good cause. The Bank can, if you aish, urange for mortgage life insurance, but not for property inwrance, fire insurance or flood insurantt. L.ATE PAYMENT AND DEFAULT: Borrow~ers are subject to a late chuge not to exceed 296 of any installment unpaid for 10 days aRer the due date with a minimum charge as may be reuonably imposed by the bank from time to timc: after default or maturity the principal sum remaining unpaid and accrued interost shall both bear interest at the maximum rate then atlowed by law. Borrowers shall pay all costs ot collection. ; i,~, ~;i~t,,,r 2~ ~ r, SECURITY AND SETOFF: Loan is se~'ured by a mortgage of , 19 on the real esute described, therein togelher with ~11 appliances and items now or hereafter attached to or placed on the property and con~dered fixtures. The Bank is given the right of setoff against all deposits, credits and other ptoperty of Borrowen in the possession or control of the Bank, for the indebtedness, though unmatiued. The mongage will secure future or other indebtedneu and will cover afte~ acquirod property. PREPAYMENT: Borrowers may at any time prepay in iull or in part any unpaid balance without penalty_ My partial prepayment shall be applied against the sums which will last become due hereunder but shall not otherwise affect the due dates or amounts of payments ASSIJMPTION: If auumption of this loan is permitted by Bank, Bank will charge a service fce for said assumption. Such assumption shall be granted at the bank's sole discretion. t 1 acknowiedge the receipt of a completed copy of this note prior to signature, and that it ix conect. Naker's Address: ' I . . ~ '~~AV 'f _ r~::: ~7~;: ISE.ALI (SEAL) (SEAL) (SEAL) B~OK JV1 P.~~ ~ 9t~ CUSTOMER COPY F gs e3o Rev. 1/76 F,,.W ` - : _ ~~~.r ~ ~ a ~ ~ ~ ~ - .,.s ~ ~ _ _