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Home My WebLink About1570 ' MORTGAGE NOTE l ' 'i`()('. ttc 'any' 9 s .19 For value received, the undersigned jointly and severally promise to pay to the order of FI'; T `;,~,T7UNA'., ?Z4`::: n}' '~'`f::t`(' rzF,°t'~; S~xtac~n Thouear,(f txnd r.~/1~~--- - the principal sum of t i Uollars, with interest thereon from date at the rate of per rent per annum; the interest and principal nl this note to be paid as follows: . t 3 J.l..z~ y 7S3 ~ 11 , 52 Beginning on , 19 the wm Z~ Dollars, and the same amount on the same day of each month for consecutive months until this note is paid. S The aforesaid payments are to be applied first to interest at the rate aforesaid due upon the principal sum or so much thereof as shall from time to time remain unpaid, and the balance of each payment shall be applied to the reduction of the principal. All payments of interest and principal arc 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 lawful money of the United States. If any of said payments ~ f interest and principal shall not be paid when due then the entire principal sum and accrued interest shall become due and p~yabk at once, at the option of the holder of this note. . This note p~e~onstrued and ~rced according to the laws of the State of Florida, and is secured by mortgage on real estate Dated ~ , 19 If default-be made in the pay moral of any of said sums or interest or in the performance of any agreements contained here, or in performance of the terms of the mortgage securing this note, then, at the option of the holder of the same, the principal sum then remaining unpaid with accrued interest shall immediately become due, payable and collectible without notice, time being of the essence of this contract, and said principal wm and said accrued interest shall bear interest at rtuxinum rate then allowed by law, Crom such time until paid. The holder is given and agreed to have the right of setoff against all deposits, ac:ounts, credits and other property of each maker, guarantor and endorser in possession or control of the holder for any and various sums due hereunder, without requirement of notice. My language in said note or mortgage to the contrary notwithstanding, no interest shall be charged or colkettd in excess of that allowed by Florida law, and in the event of the acceleration of the mortgage, add the notes secured th.reby, any prepaid and unearned interest and points in excess of a lawful rate of interest to the date of enforcement of paymen! shall thereupon be refunded to the Mortgagor autorrtotically by the crediting of saint against the sum then due, but such credit shat! not cure or waive any default ocasioning acceleniion. Each maker, guarantor and endorser waives presentment, protest, notice of protest and notice of dishonor and agrees to all costs, including a reasonable attorney's fee and any attorney's fees incurred on appeal, whether wit be brought or not, if counsel shall after maturity of this note or default hereunder or under said mortgage, be employed to collect this note or to protect the security thereof. . DETAILS OF LOAN I Check if appGable: 1. ~ No notice of recision reyuired 3. n Notice of recision required 2. ? No Qut~ insurance required 4. ? F1Q~ su~Rre required MORTG.\GE PAt~'~lF~!{TSg}tade in ~.Cyonserutive ~ayments of S each, the first of said pay- j ments due : ° ~ .Payments may include tarp insunnce escrow. CONSTRUCTION LOAN %if i applicable): Interest accrued at % per annum payable up to , 19 on amounts disbursed from the sronstruction fund, on that date regular payments begin. INSURANCE: Credit life andJor disability insurance not required, offered or provided for. Property inwrance (tire and gsualty) u required. Rood insurance in certain designated areas is also required. Mortgage life insuranke is not required. Such insurance as _ is required or desired may be obtained from or through any duly licensed person or company that Borrower tray choose, subject to Lender i right to refuse an insurer for good cause. The Bank can, if you wish, arnrtge for mortgage life inwrance, but not for ~ property insurance, foe insurance or flood insunnce. LATE PAYMENT AND DEFAULT: Borrowers are subject to a late charge not to exceed 296 of any installment unpaid for 10 ~ days after the due date with a minimum charge as may be reasonably imposed by the bank from time to time; after default or maturity the principal sum remaining unpaid and accrued interest shall both bear interest at the maximum rate then allowed by law. Borrowers shall pay all costs of collection. z; ~ V ~ l 9 ' SECURITY AND SETOFF: Loan is secured by a mortgage of , 19 on the real estate descrbed, therein together with all appliances and items now or hergfter attached to or placed on the property and considered fixtures. The Bank is given the right of setoff appinst all deposits, credits and other property of Borrower in the possesiun or control of tht Bank, for the indebtedness, though unmatured. The mortgage will secure future or other indebtedness and wilt cover after I acquired property. PREPAYMENT: Borrowers may at any time prepay in full or in part any unpaid balance without penalty. € My partial prepayment shall be applied against the wins wfiich will hst become due hereunder but shall not otherwise affect the due dates or amounts of payments. ASSUMPTION: If aswmption of this loan is permitted by Bank, Bank will charge a service ~ fee for said aswmption. Such assumption shall be granted at the bank's sole discretion. 1 acknowledge the receipt of a completed copy of this note prior to signature, and clot it is correct. Makrr's Address: 3 fi ' (SEAL) l9~9 fit: -9 Pti {SL;AL) iILEO A`C RECOkUi ST.LUClE CC:3~1TY, Sa• (SE:1L) Ci.ERK CfRCUiT k.CCPU vEF`~ 443bi~73 ~ afl~ ~~ct~~~ , CUSTOMER COPY r .;5 830 Rw. •/7fi r: