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Home My WebLink About0904 + . . " . MORTGAGE NOTE s 12 , 000 . 00 ~ _M8y 4 . i9Z9._ . For value re.-eired, ~hr unde~sunrJ ~uintly and sever~lly promise ~o pay to the o~der ot Firs t National Bank Of . ~ Fort Pierce, a federal banking corporation, the principal sum ot - - - - - ~ - - - ~ - ~Ilars. wi~h inte~est thereon Rom date at the rate of per ~ent pe~ annum; the inte~at snd principsl of thu note to be _ w~a ron~~: ~e .Hundred ~enty. (120) equal monthly payments of ONE HUNDRED FIFTY-EIGHT and 64/100 DOLI.ARS (158.64). tieginning un `7~e 15 , 19 79 the wm of a~ ~~ID ~~-EIQiT mxi 6~+/10Bollan, and the same amuunt on the same day ot each month for 1 20 consccutive A~onths until this note is paid. 'Ihe aforesaid payments are to be applied first to interest at the rate aforesaid due upon the principai sum or so much thereof as sh311 from time to time remain unpaid, and the balance of cach payment shaU be applied to the,rcduction of the principal. All paymrnts of interest a~ui principal are payabk at the office uf the payee in lhe city above set forth, or at such other plarr as the holder may drsi~enate in wnting, in lawful money uf the Uniteci States_ If any of said payments of interest a~d principal shall nut br paid when due lhen the entirc principal sum and acctued it~terest shall berome duc and payabk atonce. ~t the option of Ih~ holder of this note. This note is to be construed and enforced accutdina to the laws of the State of F7orida. and is secuted by moriaaae on real rstate Datni M~v„~_. iyJ'..g_. i It de(auh be made in 1he payment of any of said sums or interest or in the performance of any agraments conuined hete. ` .u in performan~Y of the tcrmc of the mortgige securina this note, then, at the optan uf the holder of the same, the principal ~ sum Ihen rcmainin~ unpaid vvuh accrurd ~nterest shall immedi~tely berortx due. payabk and cotlecGbk without notice, time be~nR of the essence of this cuntract, and said principal wm and uid accrurd interest shall beu interest at maximum nte then ~ allowed by law, from such time until paid. The holder is given and a6reed to hare ihe riEht of setoft aaainst all deposits, accounts, ` credits and other propeny of each maker, guanntor and endorser in posussion or conttol of the holder for any and rarious sums duc hcrrurxler, aithout requirement of notice. , Any langualte in said nute or mortgaEe to the contrary notw~ithstandin~, no intercst shall be char~ed or coUected in excess ot that allowed by hlorida law•, and in 1he event of the arcekration of the mort6aae, and tht notes secured L'~ereby, any ptepaid and uneirncd interest and points in excess of a lawful rate o[ interest to the date of enforcement of payment shall thereupon be . refunded to the Mortgagor autortutically by the crediting of same apinst the sum then due. but such aedit shaU not cure ~r w•aive any drfault cxcasionmg arceleration. Farh mater, guarantor and endorser waives presentment, protest. notice of protest and notice of dishonor and agrees ~o all rosts, including a reasonabk attore~y's fee and any at~ rney's Cees incurred on appeal. whether wit be btought or not, if counsel slull aRer maturity of this note ot default hereunder under said mott ge, be employtd to colkct this nott or to protect the , sr.•urity ~hereuL ' ~ i ' DETA1 OF OAN i ~ E Q~eck if appli.~blr. L? No notice of re ssi teyuircd 3. ~ Notice ot recission rcquired ~ - 2. ~ No tluud insura requ~ird 4_ ? f7ood inwnnce rcquired _ i MORTGAGE PAYMI.NTS made in ~_~ons°c ~v payments o( S1 SR qch, the fint of s~id poy- ~ } mrnts dur -TtmP_ ~ 5 , 191,Q__ payments ay include tax and incuranre escrow. ('UNSTRU(TION LOAN lif ~ appl~iabla 1: Inlrresl rrctu~J at per annum pay k up tu , 19 , on amuunts disbursed (rum Ihe corulruction fund, on that date reg payments txgin. ~ INSIIRArCE: Crniit life and/ur disability in ct ot required, offered or ptovided for. Property insunnce (fire and aswlty) ~ ~s required. i~lo~d insurance in certain desi~tna d s is ~Iso required. Mortga6e life insunna is not requircd. Such insunnce as ~ ?s requirrd or desired may Ix ubtained from or o gh any duly licensed person or company that Borrower msy choose. subject to lender's right to refu~e an insurer fa goud cau . The Bank can, if you wish, arnn6e for-mort~e life insurance, but not for property inxurancr, firc msunnoe or Il od insuran . - I.ATE PAYNENT AND DEfAULT: owr s ar subjsct to a late chu6e not to exceed 2~, of any installment unpaid for 10 days after the due date with a minim m cha e a may be rcasonably imposed by the bank from time to time: atter default or ~ maturity the principal sum remaining pai and accrued interest shafl bo?b bar interest at the maximum rate then aUowed by ~ law. Borrowers shall pay all costs uf cdle ~ SECURITY AND Sl•TOFP: l.~wn is securod by a mort~ge of , 19~_on the real est~te descnbed, thrrcin t.?RcU~er wilh dl ~pplunces anJ i~ems now ur herafler attache to of placed on the property and considercd fixturet. ~ 7 he Bank is Rrven the rqsht of setoff apinst all deposits, credits and othet property of Botrowen ia the posseuion or control oi ~ the Hank, for the indebtedneu, though unmatured. The mortEaae will securo future or otha indebtedness and will cover after acyuirrd property. PREPAYMENT: Borrow~ers may at any time prepay in ful! or in pari any unpaid balana withoutpe nalty. ~ Any partial prepayment shaU be applied against the wms which will last become due heteunder but thaU not othe~wi~e affect the duc dates or amounts of payments. ASSUMPTIOTl: If assumption of thit loan is permitted by &}ak. Bank will charae a service ~ fce for said assumption. Sucl?assumption shsll be gnnted at ihe bank's sole discretion. 1 acknuwledRe the receipt of a completed copy of this note prior to sign~ture, and that it is oortut. ~''S ~ Maker's Addreu: F 1 ~ ~ a~ i%' i ~ lr~r~~i~ i ~ Carl Wa}me As on ~ Ey _ (SEAL) ~ t • ~ • ~ . / ~ . .t ~ ~ ~l ti. ~ ~ l i : J l l i . ~ , (SEAL) _ ~ Lintia Mae Ashton ~ (SEAL) ~ ~ gooK 308 P~ 904 ~ ~ ~ . ORIGINAI. Rrv. </76 ~ :..P. t. . . ._`.1 Y o _ ~