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Home My WebLink About0036 • t MORTGAGE NOTE = 12 ,000.00 .August 21 ,19 79 i For value received, the undersigned jointly and severally promise to pay to the order of FIRST NATIOtlAL BANK OF FORT PIERCE --TKelye ThoU~~tld-------------_--.•--••--------•---------Dollars, the principal wm of ~ - - - with interest thereon from date at the rate of per vent per annum; the interest and principal of this note to be paid as follows: i i i ' S1 Beginning ao SQptt~lnber 2I , 19 ` ? the surr) ~9 • , Dollars, and the same amount on the same day of each month for consecutive months until this note is paid. The aforesaid payments ue to be applied fiat to interest at the rate aforesaid due upon the principal wm 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 payabk at the office of the payee in the city above set forth, or at such ocher place as the holder may designate in writing, in lawful money of the United States. if any of said payments of interest and i 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 is to b~~nstrued and enforced according to the laws of the Sate of Florida, and is secured by mortgage on real j estate Dated Rug Z , 19 79 ` Ii default be made in the payment of any of said sums or interest or in the performance of any agreements conained here, of 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 immed'utely become due, payabk and coUectibk without notice, time being of the essence of this contract, and said principal wm and said accrued interest shall beu interest at maximum rate then allowed by law, from such time until paid. The holder a given and agreed to have the right of setoff against all deposits, accounts, credits and other property of each maker, gwrantor and endorser in possession or control of the holder for any acct various wms due hereunder, without requirement of notice_ Any language in said note or mortgage to the contrary notwithstanding, no interest shall be charged or collected in excess ; of that allowed by Florida law,, and in the event of the acceleration of the mortgage, and the notes secured thereby. any prepaid i and unarried interest and points in excess of a lawful rate of interest to the date of enforcement of payment shall thereupon be refunded to the Mortgagor automatically by the crediting of same against the sum then due, but such credit shall not cure of waive any default occasioning accekntion. ~ Each maker. guarantor and endorser waives presentment, protest, notice of protest sad notice of dishonor and agrees to all costs, including a rpsombk attorney's fee and any attorney's fees incurred on appeal, whether wit be bfought or not, if counsel shall after maturity of this note or default hereunder or under said mortgage, be employed to tolled this note or to protect the security thereof. 1 DETAILS OF LOAN Check if apptiabk: 1. Q No notice of recision required 3. ~ Notice of rccission required 2 ~j No flood insurance required t. ~ I-l pis~nce required ac t~cntht y _ . s_t MORTGAG PA 'MEhTS made in .wnsexrxutxivYex Y ~ Y ]r x Ypa~yYmYeYnt~syo~ft SX ~ 7C x 7c ~ ~ ~ x each the first ](ofL]s(aXidXpZa7~- ments due ~ ie . ~ . 19 ~ . ~ly'Mt11ff'ltr~yX'mtllrat'"ff71' ~Sild itlstinilirE t~YOWX~~N~I.~Aiv T~ x aa~~ t v YXXXXXX7(XXXXXXX XXXXXXXYY XXX ~ d'n~~~~~rom cons rut i(NI u . on t a~a e~pamen . -dh ~i~o~nts INSURANCE: Credit life and/or disability insurance not required, offered or provided for. Property inwrance (fue and asualty) ( is required. Flood inwnnce in terrain designated areas is also required. Mortgage life inwnrioe is not requited. Such insurance as is required or desired may be obtained from or through any duly licensed person or company that Borrower may choose, wbjed to Lender i right to refuse an insurer for good erase. The Bank can, if you wish, unnge for mortgage life insurance, but not for property inwrance, fire insuranct or freed inwnnce. LATE PAYMENT AND DEFAULT: Borrowers arc wbject 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 reasonably imposed by the bank from time to tune- after default or maturity the principal wm remaining unpaid and accrued interest shall both beu interest at the maximum rate then allowed by law. Borrower shall pay all cysts of collection. ~1 SECURITY AND SETOFF: Loin is secured by a mortgage of g , 19 on the real elate desarbed, therein together with all appliances and items now or hereafter attached to or pla~rod on the property and rnnsidered fixtures. The Bank is given the right of setoff against all deposits, credits and other properq• of Borrower m the possession or control of the Bank, for the indebtedness, though unmatured. The mortgage will secure future or other indebtedness acct will cover after acquired property. PREPAYMENT: Borrower may at any ricrac prepay in full or in part arty unpaid balance without malty. My partial prepayment shall be applied sgainst the wars which will Iasi become due hereunder but shall not otherwise affect the { duc dates or amounts of pa~•ments ASSUMPTION: It assumption of this loan is permitted by Bank, Bank will charge a service fee for said assumption. Such asumption shall be granted :t the bank's sole discretion. 1 acknow•iedge the receipt of a :ompkted cop~• of this note prior tc signature, and that it is correct_ Ma?er's Address: - (SEAL) ~ Q J `.lw~~`~ iSEAt) --,~i-~ i 22 ~ ~ ~Z (SEAL) ~ 3~,~. ,i({d.tN.X.~ ~ i ,1t 5 4~sE ~ reECC. " =4th tT~---- ~ e~~. . CUSTOMER COPY a~