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MORTGAGE NOTE
s 100, 000.00--~ June l9 7y ~ .
For value received, the undersigned jointly and severally promise to pay to the order of ~RST NA~~IL QF '
L lJ~.l F 1 LLtl.. i
the principal sum of `YT~1D _ Dullars, '
with interest thereon from date at the rate of per cent per annum; the interest and principal of this note to be
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paid as follows: slr
~bnt ~ payments of $499.00, Fxirycir~al arid interest, aammazcin4 the j day
of ~~11 .1979, and a like sun monthly oar the tiay of ~~t~t
th~reafte~r far sixty (60) ironths. 'ihe t~onpnid txilatwe of S9C~,300.00, shall
due and payarle an the 61st I~tth from date hmrer~f .
Beginning on , 14 the wm of Dollan,
and the same amount on the same day of each month for consecutive months until this note is paid. '
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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 are payable at the office of the payer 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 of interest and
principal shall not be paid when due then the entire principal sum and accrued interest shall become due and payabk at once, at
the option of the holder of this note. -
This note ~c~ ~ suyed and e{tjprced aceording to the laws of the State of Florida, and is secured by mortgage on real
estate Dated J` , 19 ~ 7 .
If default be made in the payment of any of said sums or interest or in the performance of any agrcements 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, payabk and coYectibk without notice, time
being of the essence of this contract, and said principal sum and said accrued interest shall beat interest at maximum rate then
allowed by law, from such time until paid. The holder is given and agreed to have the fight of setoff ~ainst a!1 deposits, accounts,
credits and other properfy of each maker, guarantor and endorser in possession or control of the holder for any and various sums
due hereunder, without requirement of notice.
Any language in said note or mortgage to the contrary notwithttandin~, no interest shall be charged or collected in excess
of that allowed by Florida law, and in the event of the acceleration of file mott6dge, attd the notes se~vrcd thereby. any prepaid
and unearned interest and points in excess of a lawful rate of interest to this data of enforcement of payment shall thereupon be
refunded to the Mortgagor automatically by the crediting of sattte against the sum then due, but such credit shall not cure or
waive any default occasioning acceleration.
Each maker, guarantor and endorser waives presattmenl, protest, notice of protest and notice of dishonor and agrees to aU
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.
f DETAILS OF LOAN
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Check if applia6e: 1. No notice of reciuion required 3. O Notice of recission required
~ 2. No flood insurance required 4. D Flood insurance required
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MpR~A 6 o c paym`enT"s'o , each, a us o say pay-
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s INSURANCE: Credit life and/or disability insurance not required, offered or provided for. Property insurance (fire and casualty)
-is required. Flood insurance in certain designated areas is also required. Mortgage life insurance is not required. Such insurance as
is required or desired may be obtained from or through any duly licensed person or company that Borrower may choose, subject
to Lender's right to refuse an insurer for good cause. The Bank can, if you wish, arrange for mortgage 6fe inwrance, but not for
property insurance, fire insurance or flood inwrance:
LATE PAYMENT AND DEFAULT: Bottowrors are subject to a late charge not to exceed 29E 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.
SECURITY AND SETOFF: Loan is secured by a mortgage of , 19 on the real estate described,
therein together with all appliances and items now or hereafter attsched to or placed on the property and considered fixtures.
~ The Bank is given the right of setoff against all deposits, credits and other property of Borrowers in the possession or control of
the Bank, for the indebtedness, though anmatured. The mortgage will secure future or other indebtedness and will cover after
acquired property. PREPAYMENT: Borrowers may at any time prepay in fuU or in part any unpaid balance without penalty.
Any partial prepayment shall be applied against the sums which will last 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, acrd that it is oottect.
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Maker's Address:
' ..ic~~T"Ch: e<?~ :SG~C=kB _'-'I. S~2"LL y ~.%1~~~~`%t."r-'' •-'f` (SEAL)
~ ,.fi`r'.-' ; ~ ~ , /
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(SEAL)
° R 310 ~-22?0
BOCK PA~t
SPECIMEN
~ BS 830 Rw. 4/76