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Home My WebLink About0742 MORTGAGE NOTE . , .~l'l , ~ f`i T~',:`'~ ~ S .19 f~ur value recrived, t!x unden~snrd juinUy arni sevtrally ptomise to pay tu the urdar uf " i ~ ~i! ~ ~~~r:.~~ ~~~:1tik ~JL t',r.rt ~i~.`. ~l~ `..=~nt~r Tr::r,!~nr.~ and t~c~/ltisj . the principal sum of Uullars, aith interest ihereon from date at the rate ot' ~ pet .Ynt per annum; the inurect and prin.ip~l of th~s nute to be paid as foUuw~s: ~.~a;-•-t, 1.+~ $~F4.4 ~ Beginning un , 19 the c~ iu~ Dollars, and thr s:ime amount un the same da~• of each munth for conserutive munths untit ~his note is paid. The aforesaid payments are to be applied first to interest at ihe rate aforesaid due upon the prin~ipal sum or so much thereot as shall from time to time rrmain unpaid, ~nd the balance of each payment shall be applied to the rtdurt~on of the principal. All payments oi interest and prinripsl are payable at the office of the pay~ in the city above set forth, or at sueh other place as the holder may desi~tnete in w~riting, in law~ful money oC the United States. If any of said p~)'ments of intercst and principal shall not be paid when due thrn the entire pri~cipal sum and acerued interest shall become due •rnd payable at once, at the aption of the hul~er of Ihis note. 71~is nott i~ to bC ~onstrued and.e~forced according tu the law~s uf the State of Florida, and is secured by mortgage on real estate Dated ~ ` . . c ~ . 19 . , lf default be made in Ihe payment ot any of said sums or interest or in the performanoe of any :~treemeMs contained here, or in perfotawnce of the terms of the mort~ge securing ihis note, then, at Ihe option of the holder of the same, the principal sum then remaining unpaid w~ith acrrued interest shall immediately become due, payable and coUectible without notice, time being of the essence of this contract, and said principal sum and said accrued interest shall btar interest at ma~imum rate then allow~ed by lav?, from wrh time until paid. The holder is given and agrerd to have the right of setofC ~ainst all deposits, accounts, credits arni other ptoperty of each maker, Fuarantor and endorser in possession or control of the holder for am~ and various sums due hereunder, w~ithout rtquirement of notice. ' Any language in said note or mortgage to the contruy notwithstanding, no interost shall be chatged or collected in excess ~ of that allow~ed by Florida law, and in the e~Ynt of the acceleretion of the motigage, and the notes secured thereby, any prepaie+ and uneamed interest and points in excess of a lawful rate of interest to the date of enforcement of payment shalt tFxreupon be refunded to the Nortgagor automatically by the crediting of same against the sum then due, but such credit shall not cure or waitir any default occasiomn~ acceleration_ Each maket, guarantor and endorser a•aives presrntmeni, protest, notice of protest and notice of dishonor and agrees to all costs, including a reasonable altorney's fee and any attorney's fees incurred on appeal, whether suit be brought or not, if counsel shall after maturity of this note or default hertunder or under said mortgagr, be employed to colltct this note or to protect the - secunry thereof. I DETAILS OF LOAN i Check if applidble: I. Q No nou~e of recission requ~red 3. C1 ~iutice of recis~iun required 2. ? No t~w,c~ insurance te~uired r. ~i. ? F•li~ iqsur~~e required 1 :.t`;'~.: 1." ~ 4 : - j NORTGAGE PA,~'t1~1F,~iTS-rt~1e in ~~.cunseculive payments of S~ earh, lhe tir~t of vid pay- € ments due J 19 _ Payments may include_t~~aP~ iq;yjaD~.i_f;si9S~+..COIV$TR,L(7JON LOAh lif applicablt): Intrrest accrued a1 per annum payable up to , 19 , un amuunts disbursed from the construction fund, on that date regular payments begin. ~ INSURANCE: Credit lift and/or dis~bility insurance not requircd, oftered or provided for. Property insurance (fire and ~sualty) ~ is required. Fiood insurance in certain designated areas is also required. Nortgage life insurance is not required. Such insurance as ~ is requued or desired may be obtained from or through any duly licensed person or company that Borrower may choose, subject ~ to Lender's right to rcfuse an insurer fw good rause. The Bank ran, if you w•ish, arrange for mortgage life insurance, but not for ~ property insurance, fire insurance or flood insurance. ~ LATE PAYNENT AND DEFAULT: Borrow~ers are subject to a late chartre not to exceed 2~~ of any installment unpaid for 10 w days after the due date with a minimum charge as may be reasonably imposed by the bank (rom time to time: after default or ^ maturity the principal sum remaining unpaid and accrued interest shall both bear interest at the maximum rate then allow•ed by ~ law. Bottoa~ers shall pay' all rosts of collection. F., i,.. ~ - ~ SECURITY AND SF.TOFF: Lu3n is secured by a mort~age oC , 19 on the rral es:are deuribed, ~ therein together with all appliances and items now or hereafter attxhed to or placed on the property arxf cunsidered fixtures. The Bank is given the right of setoff against aU deposits, credits and other property of Borrowers in the posxssion or contro! of the Bank, for the indebtedness, though unmatured. The mortgage will secute future or other indebtedness and will cor•er aCter ~ acquired property. PREPAYI(ENT: Borroaers may at any time prepay in full or in pari any unpaid balar.~Y withoutpe nalty_ Any partial prepayment~shaU be applied ~gainst the sums which will last become due hereunder but shall not otherwise affeci the ~ due dates ot amounts of payments. ASSUMPTION: If assumption of this loan is permitied by Bank, Bank will charge a service _ fce for said aswmption. Such assumption shall bt granted at the bank's sole discretion. ~ ; 1 acknowledge the receipt uf a rumpleted copy~ of this note prlu~ to signature, and that it is correct. - Maker's Address: " . ' ' ,-+~.s ` : . . ~ - r_i _ . . . - " - - L ISEAU ' ' . . . i ,~i:' i ~ . • . - . ~ " - - ` ~ (SE:AL) ~ - - . • --n _ '~..~.~t7,r'~U _ - ISEAU - - - ~ • . .1 ~~i~iin'~' ~ (SEALI ~ ~ , . RETURN TO: j i: ' i. 35 ~~1 Z/q LAW OFFICES OF ~ 500K JV ~ PAGE 't~ CHARLES R. P. BROWN ~ <'USTOM@R COPY P• O. BOX 141$ ~ - es e3o Rev. 4/76 ~ • FORT PIERCE, FL0421DA 3~'S~ ~ - - - ; - - - _ _ - . _