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MORTGAGE NOTE
3 ~ ~n0. ^p ur,,, { , ;
s .19
For value receivod, the undersigned joinUy aod severa0y promise to pay to the order of
Ji'?E C. ;,'t'LLI't~
;hr..e Th~::sanu ::r.:; uo/ll~~tt.s ~$'.,Ot!~.~lQ)_~_._------------
the principal sum of ~ n Dollus,
aith interest thereon from date at the ate of per cent per annum; the interest and principal of this note to be
paid ss follows:
c?5. ~t~r r:~~r.:~li, L~ ~,e 3, ~1 ied f irst tu ir,terE~st :;nci thF., Y•ri rc r:' ~
i'rst n~s~. ^er~t to >~e ^ ~1 Ju?v 1:), ! ~nc? t`,~F~ ~i~u:,e .~-:c~u~:t ~;r. t' .
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s~~::~r !nv cf ~c}~ r.~o::ci, ~ti1 titiis ';~,te :y ;.~ici i:~ ' u ~ ! .
v:l~ }n i-~• ~p'},~;XY~XX.~,~~C:QCX?C~X7S.`C~CF._ .fii:Y " 7'iX?tY.XXXXt~!7C}C\\'XXXX!C.'X'.~_]G]L7~Y_?:XXXXk'.-•: } v;,v
~~li~~'tinoddt`~t tfi Za ~ ~mc~~~°^ . . Dollan,
t • :ra - ab.
The aforesaid payments ue to be applied first to interest at the rate atoresaid 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.
AU paymenu of interest and principal an payabk at the office of the paya 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. (f any of said payments of interest and
principal shall not be paid when due then the entire principal sum and accnxd interest shall become due and payabk at once,at
the option of the hoWer of this note.
This note is to be construed and enforcod according to the laws of the State of Florida, and 'u secured by mortgage on real
estate Dated ~ ~li•P , 1~ ~3 .
If default be made in the payment oC any of said sums or interest or in the performance of any agreements contained here,
or in perforaunce of the terms of the mortg~ge securing this note~ then, at the option of the hdder of the same, the principal
sum then nmaining unpaid with acerued interest shall immed'utely become due. payabk aad collectible without notice, time
being ot the essence of this contract, and said principal sum and said accrued intecest shall bqt interest at maximum rate then
allowed by law, from such time until paid. The holder is given and agreed to have the dght of setoffa~a~nst a0 deposits, accounts,
ctedits and other property of each maker, gwnntor and endorser irt possession or oontrol of ihe holder for any and various wms .
due hereunder, without requirement of notice.
Any language in said note or mortgage to the contruy notwhthstsndin;. ao interest dull be charged or collected in excess
of that allowed by Florida law, and in the event of the acceleration of the ulortpge. and the notes secured thereby, any pnpaid
and uneamed interest and points in excess of a lawful rate of inLarest to thC data of enforcement of payment shall thereupon be
rcfunded to the Mortgagor automatically by the crcdiur~ of same agaiiut the sum then due. bqt such crcdit shall not cure or
waive my default occasioning acceleration. ~
Fach maker, guarantor and endorser waives pre~eaiment, protest, notice of protest and notice of dishonor and agees to all
costs, including a reawnable 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 heteunder w under said morigage, be employed to collect this note or to protect the
i security thercof.
.
; DETAILS OF LOAN
~
~ Quck it appliable: 1. L~ No notice of recission required 3. C~ Notice of reciuion required
° 2. C] No flood insurance requited 4. O Flood insurance required 4
0
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~ MORTGAGE PAYMENTS made in consecutive payments of S~ each, the fint of said pay-
ments due , 19 . Payments may include tax and inwrance escrow. CONSTRUCTION (.OAN fif
~ appticable): Interest accrued at 1~' 96 per annum payable up to , 19 , on amounts
~ disbursed from the construction fund, on that date regulu payments begin.
i
INSURANCE: Credit life and/or disability inwrance not required, offercd w provided for. Property inwrance (tae and casualty)
is rcquired. Flood insurance in certain desigmted areas is also rcquired. Mongage life insurance is not required. Such insurance u
is required or desired may be obtained from or through any duly licensed person or company that Borrower rruy choose, subject
to Lender's right to refuse an insurer tor good cause. The Bank can, if you wish, urange for mortgage life inwrance, but not for
~ property inwrance. fve insurance o~ flood inwrance.
LATE PAYMENf AND DEFAULT: Borrowers ue subject to a late chuge not to exceed 2% of any installment unpaid for 10
~ days after the due date with a minimum charge as may be reuonably imposed by the bank from time to time: after default or
maturity dx principal sum remaining unpaid and accrued inierest shall both bear interest at the maximum rate then aUowed by
law. Bonowers shall pay atl msts of collection.
SECURITY AND SETOFF: Loan is securod by a mort~ge of , 19 on the real esute described,
therein together with all appliances and items now or hereaRer attached to or pbced on the property and considered fixtures.
The Bank is given the right of setoff against all deposits. credits and other property of Borrowen in the possession or control of
the Bank, for the indebtedness, though unmatured. The mortgage will secure future or other indebtedness and wi0 cover after
~ acquired property. PREPAYMEM': Borrowers may at any time prepay in full or in part any anpaid balance aithout pemlty.
My pania! prepayment shall be applied against the wms which will last become due hereundet but shall not otherwise atfect the
~ due dates ar amounts of payments. ASSUMPTION: U assumptan of this ban is permitted by Bank, Bank will charge a service
fee fot said assumption. Such assumption shall be granted at the bank's sole discretion.
~
3 1 acknowledge the receipt of a completed copy of this note prior to signature, and that it is conat.
~ !lfaker's Addreu:
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