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MORTGAGE NOTE.
s 60, 000.00 February 22 , l9~_
F« value recsiwd. the urdersigaed Jointly gad sevaraUy praaist to pey to the order of Fil"if t Nat10M1 DantiC Of
. Fort Pisrce, a federal banking corporation,
the priaerpal sum of - Dollars.
with interest thereon from date at the rate of per ant per annum: the inttrent and principal of fhb note to be
pad as fuUuwa:
- Sixty (60) equal monthly ppayments of ONE THOUSAND TNREB HUNDRED
-SIXTY-FIVE and 60/100 Dollars ($1,365.60).
April 1 7 - CtE ~iSK~ID '~~E HI~~ED SIXiY_~
Bcginaing on . 19 9 the wm o
and the same smount on the sank day of each month f« coasecptiw months unW Win Horn bpaid. - .
- The aforesaid payments are to be applied [lest /o interest at the rate aforesaid due upon the prittcipai wm or to much thereof
as shall tram time to time remain urrnaid, and the balance of each payment .ship be applied to the rednetbn of the principal.
AU payments of interest and principal are payabk at the o[fice of the payx in the city shove sat forth, or u such other
place as the holder may desi(tnate in writing, in lawful money of the United Staten; If any of said payments o[ interest and
principal shall not be paid when due then the entire principal wm and aankd interest shall bteonre due and peyabk at once. at
the option of the balder of this note.
This Holt is to be coruursed and enforced aoootditrS to the Iaws of the SUte of Florida. aM is sacred by tsrortgape oa real _
estate Uated Feb _ 22 ,19,.~~
if default be made is the pay merit of any of said sums or interest or is the performance of nay astesmwtts coauined here,
or m perf«marsce of the terms of the mortgage securing this note, then, at the option of the holder of the week, the principal
wm then remaining unpaid with :arced interest shsU immediately become due,.payabk and coBectibk without notice, time
t+eirrg of the essence of this contract, and said principal wm and said accrued interest shall beat iatatent at maximum rate then
allowed by law, from such time until paid. The holder is g~ and agreed to here the right of setoff a~mast all deposits, accounts,
rredrs .end other progeny of each maker, gwrantcx and endorser in possession ar contrd of the holder for any and various wms
Jur Irrrrurrlrr, vrithwt reyuircment of noti.-e.
Any largtwge in said note a mortgage to the contrary rwtwithstarding, no interest shall be charged «coikcted in excess
of that allowed by Florida law, and in the eveet of the accektation of the mortpge, and Ws notes sswred thereby. any prepaid
and unearned interest and points in excess of a lawful rate of interest to the date 9f metaameat of pay rrrent shall thereupon be
refunded to the d(orttr•Rot automatiaUy by the crediting of sank against the sum Wen due. but wch credit shall not cure or
waive any default occasioning acceleration.
Fsch maker, guuantat and endorser waires presentment, protest, rrotia of protest and notice of dislwnor and agrees to all
ants, imludirrR a reasunabk atlortky's fee sad any attorney's fees incurred on appeal, whether wit be brought or not, if counsel
shall after maturely of this note ar default hereunder of under said rtrortgage, be employed to coped this note or to protect the _
se.urity thereof.
• DETAIIS OF LOAN
pestle i[ applinbk: 1. No notice of recision enquired 3. ? Notice of recision required
j 2. ? No find insurance required• 4. ? Flood inwrana required
! MORTGAGE PAYMENTS made in .b~ consecutive Lpayments of each, the first of said pay-
j merits due .email 1 19~. Payments may include tax and inwratrce escrow. (`ONSTRUCTIOY LOAN lif
appli.•ablr):lnteresl accrued.at 't per annum payable up to , 19 on amounts
k disbursal from the rnnsiruction fund, on that date teguhu payments been.
INSURANCE: Credit life andlor disability inwrana not required. offered ar provided tor. Property iasutancs (foe and caswlty)
is required. Flood insurance in certain designated eras is also required. Mortpge lire insrrrarra is n« required. Such iawraace as
~ is required ra desired m:y be obtained from or through my duly licensed person «company that Sorrows may choose, wbject _
~ to Lender i ri(drt to refuse an insurer for Rood pose. The Bsrrlt can. it you wish, arranges for atortpee life inwrance, but not. for
property inwrar?ce. fire insurance or hood insunnre. -
LATE PAYMENT AND DEFAttLT: Borrowers arc wbject to a late charge not to exceed 2'b of any installment unpaid for 10
days after the due date with a minimum charge as may be reasonably imposed by the bank from fink to time; after default or
maturity the principal wm remaining unpaid and accrued interest shall both bar intereu at the maximum rate tires aUowod by
law. Borrowers shall pay all costs of cdketion.
SECURITY AND SETOFF: Loan is secured by a nrottpge of F~• ~ . 19~_on the real estate desarbod,
thcrrin tcMrther with all appli.rx-es and items now « hereafter attsched to or placed oa the property and considered fixtures.
The Bank is glees the right of setoff against all deposers, credits and otlkr property of S«rowen is the poasessioa or control of
the Bank, for the indebtedness, though unmatured. The mortpje will xcure future or otbu wdebtadnesa gad will cover afar
acquired property. PREPAYMENT: 8orrowen may at any time prepay is full a in part arq~ rmpaid bahuta without penalty.
Any partial prepayment shall be applied attains! the wms which will last become due harsuader but shall not othsrwise affect the
j due dates or amounts of payments. ASSUMPTION: If assumption of this loan is pernrittad by Banc. Bank will chards a service
° fee free said assumption. Such aswmptwn shall be granted at the bank's sole discretion.
1 a:kn.+rkdge the receipt of a compktcd copy of this note prior signature, and that it is ootreet.
Maker's Address.
ATTEST : f'AMOUS RECIPE OF INDIAN (SEAL)
RIVER, INC.
t
(SEAL)
Av • (SEAL) -
~ -Secretary T President
(SEAL)
(Seal)
~ OR
cf:~.
~ S~r~r OF GUARAtiTY ON BACK _ d00K PdCf
ORIGINAL
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