HomeMy WebLinkAbout1341 MORTGAGE NOTE
s 139 , 450.00 January 10 19 79
For ratite retained. the ttadersipted jointy and severalty promise to pay to the order of First National Bank
of Fort Pierce, a federal banking corporation,
tht prin.-rpal sow o[ a`E H[~'~ ~IIR1Y-NII~E 1~iQ<~1I~ FOUR HUi~RED FIF1Y a~1d ~
with wtersst thereat from date at tM rate of per Dent per annum; tM G?urest and principal of this note to be `
paid ss [olbwa:
One Hundred Eighty (180) equal monthly payments of ONE THOUSAND
FOUR HUNDRED NINETY-EIGHT and 57/100's Dollars ($1,498.57).
~ at September 10 , ly 79 , ~ s~ ~y~EI~
5~7/11~00~n
and the same amowt oa the same day of each month for 1 ~a~ c~~tl~w moa
a~tlts until this note b paid. i
The aforesaid payasents are to be applied first to Letetest N the rate aforesaid due upon the prindpal wm of so much thereof •
as shall hum flare to tewe remaw unpaid. sad tits balance of each paymeut s1taM M applied to the reduction of the principal. s
All paynaeats of interest sad priadpal are psyabb at the o[Cioe of the payee is the dry shore set forth, or at such other
plat a: the 6oider essay designate in writing. in lawful mossy of the United States. If any of said payments o[ Interest and
principal sir:fl ewt be paid whet due then the entire principal snm and accrued interest shall become drse sad payabb at ones, at
the option o! the 6otdet of this note.
Tbn Dote is to be construed sad edotad aceordiag to The laws of the State of Florida, and h secured by mortgage oo rul
estate Datod Jan . 10 ,19_~.,.
If defadt be made is the payment of say of said sums a interest a la the performance of any agreements contained here.
• w to performance of the tams of the atoripge securia~ this store, then. at the option o[ the holder of the cants, the principal
s_„n ltreo rcmsiuiag unpaid Kith acctrted atertst shall tmatediatety become due, payabk and co8ectibk without sulfa, bate
being of fire essence of this coatrxt, and said principsl mra and said aotrned interest shall b:ar interest at maximum rate then
agon?•ad by less, (roar snch time uatd paid. The holder a given sad agreed to bars the tight of setoff against all deposits, scoounts,
credits sad other Property of each sakes. gwnator sad endorser In possession or wntrol of the holder for say and rarioua sums
due 1?ereuad,er, without requirearent of Waite.
Any IartRuagc w said cote a mortgage b the contrary notwithstanding, wo interest shall be charged or collected in excess
of that allowed by T•lotida taw. sad is the erect of the atoekratioo of the mortpge. sad the notes secured thereby, any pcepaW
sad unearned interest sad points is ezass of a bwfd me of iattrest to the date of eoforarnent of payment shall thereupon be
refunded to the Mungagor aatomticsily by-the crediting of pate apinst the sum then doe, but wdt exedit shall not taro of
f rr-aire any dehuit oc~sraorag acesktatioa
E Each nukes, guarantor and erdonq waives prssentment, protest, notice of protest and notice of dishonor and agrees to aq
ousts. ineludige a rusoaabk attorney's fee and say attanty's lets incurred on appeal. whether wit be brought or not. if oounsd
stop after uutunty of this note or defiWt hereunder a utdu said nwrtgage, be empbyed to colkct this note or to protect the
se.unty thereof.
DETAILS OF LOAN
Check it applinbic• 1. O No notice of recission required 3. 8] Notice of recision required
2. O No flood iawnaoe required 4. O Flood iawnna required
MORTGAGti PAYYEIti'S made in 180 ooarecutive IDDnthly payments of s 1.498.57
each. the lust o[ said pay-
mruts due _~pt~ber 10 . !9_~.. Payments auy include ux and irewrance escrow. CONSTRUCTION LOAN (if
applicable): laterest accrued at ~ per annum payabk up to . l9 on amounts
disbursed fmm the awnstructioo fund. ors that date teguW payrneats begin.
INSURANCE: CtedK life and/or disabtl"ty inwnaa rwt required. offered or provided Ion. Prcxrty inwrance (Cue and awalty)
n reyuited. Flood iawnace is ceruin designated area i also required. Mortgage life insunnoe is not required. Such inwreace as
is rtquired a desired auY lx obu,rrod from a through sags duly licensed person or company that Borrower may choose. wbject
to Lcndet's right to refuse as insurer for good ause. The Bank an, if you wish. utaage lot mortgage life inwrance, but not for
o property irewrance, Circ inwraaa or flood insunnoe.
LATE PAYMENT AND DEFAULT: Botrorers are wbjat to a bte charge not to exuod 2'h of any installment unpaid for 10
( days aftn the due date with a miaimuat charge as sway be rcssonably imposed by the bank from time to lime; alter default or
1 ,su!urrty the principal snm remataing unpaid sad accrued intues/ soap both bear interest at the maximum rate then allowed by
I~wr. $orrowers dull pay a8 ousts of colkctioo.
SkCt1RITV AND SETOFF: Loan is seszev red by a mortgage o[ J~• LO . 19 79 on the real acute desuibed,
s thcrcia together with a8 appluaxs srd items raw or herafttr attached to or laced oa the
~ p property and considered liztutes.
k The Bank is girea the right o! setoff against cep depoaru. credits and other property of Botrowen in the possession or control of
the Barn, for the indebtedness, tbotrgh unwtured. The mortgage will secure future or other indebtedness and will cover after
aryuaed pruprrty. PREPAYMENT: Borrowers stay at say time prepay in full or b part any unpaid balance without penalty.
Any partial prepayment shall be applied against the wets nrhkh will last becoate due hereunder but shall not otherwise affect the
k due dates ar amounts of payaaeats, ASSUMPTION: It assumption of this ban is permitted by Bank. Bank will charge a service
tee for said aswmptbn. Such assumption shall be panted at the bank's sak discretion.
1 xknowledge the receipt o[ a oarrpkted copy of this note prior to signature, and that it is Durrett.
a
Maker's Address:
2515 N. Indian River Drive. s Colin Campbell (SEAL)
o in C-amp~e
Fort Pierce, Florida 33450 /s/ Kate C. Campbell _
1~a~Gamp6et (sEAL)
z (SEAL)
(SEAL)
z
N= STATEMENT OF GUARANTY ON BACK g~ `r 30~ tA!:~ 1336
co •
S 6 30 Ar. x'70