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MORTGAGE NOTE
= 10,66Q.00 August .1g 79
For value toceived, the uadersipred jointly and severally promise to pay to the order o[
l~IRST !1l1TIONAI BANK OF FORT PIERCE
~ wmof Ttn thousand six hundrtd sixty-six------•---•------•-••-•••-
principal Dollars.
with interest thereon from date at the rata of per cent per annum; the interest and princigl of this note to be
paid as fopows:
Sept~nber 79 =149.96 -
Be '•nn~g oa .19 ,the wm Dollars,
and the same amount oa the same day of each month for consecutive months until this note is paid.
The aforesaid payments are to be applied not to interat at We rate aforesaid due upon the principal sum or so much thereof
as shall from -lima to time remain unpaid, and the balance of each payment duB be appUed to the reduction of the priacipaL
AU gyments of interest gad prLxtipai aro payable at the office of the gyve in the city above set forth. or at wch other
place as the bolder may denigrate in writing in lawful money of the United States. if any of said gyments of interest and
principal shall not be paid when due then the entire principal wm and accrued interest shall become due and payable at once, at
the option of the holder of this note.
This rrote~ trabe construed and ~oroed aocadinB to the laws of the State of Florida, and is secured by mort~e oa real
estate Dated ii1tWJ ~L ,19~
It default be made in the gymeat of goy of said wms or interest or in the performance of any ageemeats contained here,
or in pedorauaee of the terms of the mortpse securing this note, then, at the option of the holder of the same. the principal
wm then rcnuinirrs unpaid with accrued interest shall anmediatety become due, gyabk and ooUectibk without notice. time
being of the essence of this contract, and said principal wm gad said scctued iatercat shall bear interest at maximum me rhea
allowed by law, from such time unW paid. The holder is siren and agreed to have the right of setoff asairut all deposits, accounts,
credits acct other property of each maker. suarantor and eadoner in possession or control of the holder for any acct various wms
due hereunder, wiWout requirement of notice.
My b in said Dote or mortgise to the contrary ratwithstaadins. no interest shall be drarsed or collected in excess
of that allowed by Florida law, and in the event of the accekntioa of the mortsase. and the notes secured thereby, any Prepaid
gad urrearnred iatenest acct points in exotss of a lawful rata of interest to the date of eaforcemeat of paymart dell thereupon be
rcturded to the Mortpgor automatically by the creditinrs of same apinst the sum rhea due. but such aedit shall got cure a
waire gay default ocadoains aceekntioa.
Each maker. 6wrantor acct endorser waives prcseatmeat, protest, notice of protest gad notice of dishonor gad ogees to all
costs, indudirra a rasonabk attorney's fee gad any attorney's tees incurred on appeal, whether suit be brarsbt-or not, if oounsd -
shaU alter maturity of this note or default hereunder or under said mortppe, be empbyed to collect this note or to protect the
security thereof.
DETAILS OF LOAN -
Check it appliable: 1. O No notice of recision required 3. Notice of recision required
! 2. O No msuranoe u' 4. Ft required
` reU~W~`r`~hly s °1~~~"`
MORTGAC~~AY made in eo~In!~sec~u~ti~ve x n ~x ~ x~~ts ~zX7Cf~~ ,~j ~jKI
f menu due ~~PP ~L 19 . "1F~~ii~ri~ ~ me ~ a~ rnwnnce esaow. ~1C~CK~~
zxx xxxxxxxxxxxxxxxxxxxx~ycxxxxx)cx~(>~
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INSURANCE: Credit life and/or disabnlity insnrarree not required. offered or provided for. Property inwrarrce (foe gad casualty)
is required. Flood inwnnce in certain desigated areas is also required. llortsase life inwnna is not required. Such -inwnnoe as
is required or desired may be obtained from or thtoualr any duly Uansed person a company that Borrarer may choose. subject
to Lender's right to refuse as insurer for rood cruse. The Back aa, if yon widr, amore for mortg?ae life iasnnace, but not far
property insurance, fin inwraaoe or Hood insurance.
LATE PAYIdEM' AND DEFAULT: Boaowen arc wbject to a late charge not to exceed 296 of gay installment unpaid for 10
days after the due date with a minimum chu6e as may be reasaoably imposed by the bank from time to time- after default or
maturity the principal sum remainirrs u~aid gad accrued interest shall bold bear interest at the maximum rate then allowed by
law. Borrowers dull pay all costs of collection. -
SECt1RITY AND SETOFF: Loan is secured by a mortpse of Ad9YSt , 19 79 oa the real estate descnbed,
therein tosetber with all appliances and items raw or hereafter attached to or placid on the property and considered futures.
The Bank is liven the ri~slrt of setoff tall d~t~, credits acct other property of Borrowers is the possession or control of
the Beak, [or the indebtedrxs, thouunmatured. The mortsaoe wrll secure future or other indebtedness and wr71 cover after
soquired property. PREPAYMENT: Borrowers may at any time prepay is fnU of in part a~ unpaid balance without penalty.
My partial -prepayment draU be appUed asainrst the snms which will last become due hereunder but shall not otherwise affect the
due dates or amounts of gymeat:. ASSUMPTION: If aswmptioa of fhb boa is permitted by Bards. Beak will shar=e a service
fee for said aswmptioa. Such assumption shall be gamed at the bank s sole discretion.
i acknowledEe the receipt of a rnmpkted copy of this note prior to sigutrue, gad clot it is correct.
Maker's Address:
~4~~~ ~.,r~.~I (SEAL)
4
(SEAL)
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~!'OkTRAS~ (SEAL)
910 YEAiFtED
CUSTOMER COPY dOOK315 PAGE 7~1
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