HomeMy WebLinkAbout1944 _ •
MORTGAGE NUTE ' '
5~4~..,000.00 .Iune 26 ;,y..~Q_
I~ur ~~rlur ~c:c~red. IM unJri.i'n.•.1 ~~.intly antl cc~cr~lly ptumiv a~ pay Io Ihr „sdrr ~~I FI RST NA'f IONAL BANK OF
FORT PIERCE, a federal banking corporation~
~he pnixipal sum of ONE HUNDRED F TY-T ~,i. THOUSAND Sfld t1o/ 100- t~~~~br:,
wi~h imerest ihercun fram date a1 1he roie of per :rnt pe~ annum; the mlernt and pnnripal of ~hi~ nuie a~ hr
panl aa folluw•s:
One hundred eighty (180) equal monthly payments of ONE.THOUSAND
FIVE HUNDRED THIRTY-SEVEN and 25/100 Dollars ($1,537.25).
SEV~N and 25 / 100
BeKinn~nR on Januar.,y 1 , ~9$Q_~ the w~Lp(~~ ~-D Doliars,
and tht samr amuunt on the same day of each month for ~1 ~onxcutire months until this note is psid.
Ihe atorcsaid payment~ are to be applied fnt to intercst at the rate aforcsaid due upon the prin~pal sum or w much thett~f
as ~hall from tinx to timc rertuin unpaid, and the balance of :.ch payment shaU be applied to the reducuon of the pnnripal.
All paymcnts oi interest and principal are payabk at the ofTice of the payee in the city above se! forth, or at such other
place as Ihe holder may drsignate in wntin+:, in lawfut money of the United States. If any ot said psyments of interest and
pnn:~prl sh~ll m~t t+r pa?3 w•hen due lhen th. enlite principal sum atsd arcrued intetest shall bnnme due and payabk a~ onre, ~t
. the ..pnon uf the hokltr ot thu nutr.
This nott is to ht .omtrurd a~xi rnforced acrurd~nR ~o the lav?•s of the Sta!e of tl~rida, snd is secured by mortga~e on rral
a~sl~tt I)~ta-~t .jllle 26 . 19~~.
If drfaut~ t?e made in thc paymcnt of any of said sums or tnterest ur m the performance ~f any agrremen~c c~~ntained here.
ar in prrfnrnunce of ~he trrax of the mortpgt secunnR this ni~te, t , et the uptN.n uf th~ h.~lder oC the camt, the pnnc~pal
wm then r~mrining unpaid ~~1h acrrued interesl shall immedutel}• t+er me due, payable and co0ectibk withou! noticr, t~me
?~rin~. ~.f ttx rsxnce uf Ihis :ontrxt, ~!u1 c~id prio.ipal sum anJ c:~id accr d intrrest shall hear interal at maximum rrte then
all~~w.d b}- I~w~, fmm eurh unN untif paid. llie hulJtr ~s Fh•rn and ~gieed to vr 1he right of setqff aX:~inst all depusitc, acc~~un!~,
:~editc ~nd ather ~mpertp of carh nuker. Fu.uanto~ and endot ~ ~susd ur wnvol of thr twtder Ior :~ny anJ ~rnou+.um~
Ju. hrra undrr, w•ith~~ut trywtrmtnt ui nunre
Am• I~n~uaFe m~id nntr or mortRagr to the eontnn• rtotw•uhstandmg, nu mtercst thall be char~ed ot eollected in exrecc
~~f th~t alluwed by F7onJa law, and ~n the event uf Ihe u ation ot tht mu~tgage, and the notts xcured theteby, any prcpari
and uncarr?~d mterect and points in e~cess uf a lawiul rat u! terest to ~hC date of enfwcement uf p~yment shall thertupun !+e
rclundctii h~ thr !?1~~rtRr~tor autnmatiially by the ctediU of agamst the sum then due, but such rreJit shall nut cure or ;
wr~~r any default ucc:ss~onmg ac•Yfrntion. #
Farh nuket. Kwrrntor and end~rstr w•rives prexntme p tesl, n~~tire of prot anJ notict o( dish~nor and agrees to a!I -
:uue, ~ncludtte~ a reaa.ruble auarney's Cte ~:~d an~• auorney's c incurred un appeal whether wil brou6ht or not, if roumel
ch~ll alter m.turity uf thn n~~tr ~~r def•rult hrreundrr ur uM1er mortRage, be e loyed ro rol it ~hi~ note or tu pmtert the
securrtq thereof.
t
~ I)I•: fAl) ti Oh LOAK ~
~
' ll~t.l, ~f appticable: 1. QD N~~ n~•t~re ~~i re: i..i~m rryuurd 3. N~~tice ~ rrcuei~~n rryuired
~ Z. E! N~~ tl~.~,d m.urrn.r rrqu~rrJ A. I I~xK1 aut.~nre reqwrevf i
i ~11)R1(:.4GE PAYMI N~S f11JSC ~n l~ronserutive~~l~payme sot S , each, the first of said pay- t
~ mrnts dur ±1~~~ 1 , 19~. Pay nls ay includr 1ax nd msur ce esctow. CONSTRUCTION LOAT3 hf '
~ .~ppb.-~hlcl: Inirrr.t ~::rucd at per rnnu paprhl up t~~ ~ 19~_, on ~sn•~unts
i J~.h~.~x~f Ir.~m Ihr ."n.uu. uun IimJ. :m that datr •ul:.r pa_~rnenls t~cRi . -
r -
~ Ititil'RAN( 1'.: ('rNi1 hfe rnJ:or Jisahihty mwtanct n reyw ed,offer d ~x pm ~ded fur, Property inwnnce (fite and usualtqt 's
~ ~s requ~rtd. I lo.xi insuranrc in certain desi~truted ue~s i Iso quired. . nrtga life insuranet is not required. Such inwnnce ac
~s required ~.r deured m~y tu ~~t~ined from o~ throu6h an~ ly I~cen per o~ company that Borrorver may chouse, subject ~
t.~ I ender's nRht to refuu an msurer for good cause. The Bank can, ' you w' . arnnae ~or mortpRte life inwnnce, but not fcx -
propertp imunn.Y, fire insuron:e or flaod inwrance. ~
l.Att PAYNEI? AND DEFAULT: &~r~ov?-ers ~rc subject to a lu chu not to exceed 2`b of any installment unpaid for IQ ~
~ _ ~J)t ~(~Cf 1F1C,UC ~IJIf K91I1 ~ mimmum charRe as ma>~ be rcacum ly im vd by the b~nk from ume to time:after default or
nutunt~~ thr pnnc~p:~l sum rem~~ning unpaid and ~crrued interest II b th bear interect at Ihe max~mum nte then allowaf hy
~ I~w. li.~?rrwers shal) pay all ru.tc of cUon.
~ S! CURITI' ArU SFTOFf: Lu~n serurod by a ort~gt uf ~ , 19~z_on the real estate dexnbeJ,
~ therein togrthcr w•rtli ell ~ppl~rnces a d items nuw herafter attached to or placod un the property and considercd fixwres. _
lhe Nank i. ~~~ers thc rytht o1 setoff a nsl all dep ts, credits and other property of Borro~vers in the posxssion or rnntrol uf
the R~nk, tor the indebtednt~~, though u ~tured. he morlRa6e wdl secure fulure or otha indebtedness and w~ill corer after
~ :r:yuurd pr.~pr~ty. ^RFPAI'MI::YT: Borrow~ m at any time prcpay in full or in patt any unpaid balance withoutpc nalty.
!1n~~ prr~~al prepaynknt shall he appl~ed agamsl e sums w•hkh w•iU last lxcome due hereunder hut shall not otherr~i9e affect the
= ,fue .i~tcc .~r inx.unh uf paymrnlt. ASSt+'lNPTION: (f rssumptNin of thi~ loan is permitled by Bank, Bank xill chargt ~ xrv~ce
ti~ iee tor sa~d ~scumpuun. Such acsumpuon shall be Eranted at the bank's sole disrrction.
4
~ 1~. Am~..lr~~;c thr rc;c~pt of a~~~mpleted copy uf this nute prior t~ .ytn~turt, and that il is correct. ~
~
\1~i:et'.:~dJrc.~. ~
r
603 _Ohio Avenue _ ^ ~ f ic+w Cc'?/,s~ ~ ~
~ r~tle Anne Charles
x
~ Fort Pierce . Florida 33450 _ ,~E
•
~
~
~ ~sE,~~.,
~
~ - ISEAI? ~ J
~ I
~ ~o~K 311 1943 ~ ,
s
.
r
~ l1RIGINAI
N.rr.1/l6 '