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MORTGAGE NOTE
s 10,666.00 August ,7_,19 79
For value received, the uadersigrred jointly and severally promise to pay to the order of
FIRST ~lATIONAL BANK OF FORT PIERCE
Ten thousand six hundred slxty-ttx----•----------•----------
the principal mom of DoUus.
with interest thereon from date at the rate of per cent pe[ annum; the interest and principal o[ this note to be
paid as foUows~
oo Septem~~r " ~ ; 19 79 ,the mom :149.96
and the same amount on the same day of each month for consenrtire months until this note is paid.
The aforesaid payments arc to be appUed fast to interest at the rate aforesaid due upon the principal sum or so much thereof
as shall from time to tirac remain unpaid, and the balance of each payment shall be applied to the reduction of the principal.
AB payments of interest and principal are payabk at the office of the pays in the city above set forth, or at wch other
place as the holder may desigmte 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 mom and accrued interest shall become due and payabk at once. at
the option of the holder of this note.
This note oonstr and ~oroed aocordi~ to the laws of the State of Florida, and is secured by mortgsge oa real
estate Dated AU ~ , 19
if default be made in the payment of any of said moms or interest or in the performance of any agreements contained here,
or in performance of the terms of the mortgage securityo¢ this note, then, at the option of the holder of the same, the principal '
sum then rcrrninigg unpaid with accrued interest shall unrrredeately become due, payabk and coBech'bk without notice, time
being of the essence of this contract, and said principal mom and said accrued interest shall beu interest at maximum rate then
allowed by law, [rem such time until paid. The holder is given and agreed to have the right of setoff against all deposits, accounts,
credits and other property of each maker, guarantor and endorser in possession or control of the holder for any and vuious sums
due hercurder, without requirement of notice.
Any language en said note or mortgage to the contrary notwithstanding, ao interest shall be charged or collected is excess
of that allowed by Fbrida law, and in the event of the acceleration of the mortgage, and the notes secured thereby, any prepaid
and unearned enterest and points en excess of a lawful me of interest to the date of enforcement of payment shall thereupon be
retarded to the Mortgagor autoantially by the crediting of same against We sum then due. but wch credit shall not cure or
waive any default ooasioning aceekn?teon.
Eacb maker, guuantot and endorser waives presentment, protest, notice of protest and notice of dishonor and agrees to all
costs, engaging a reasombk attorney's fee and any attorney's fees incurred on appeal, whether wit be brought or not, of counsel
shall after maturity of this note or default hereunder or order said mortgage, be employed to collect this note or to protect the
security thereof.
DETAILS OF LOAN
Check i[ appfxaabk: 1. O No notice of recession required 3. C~ Notice of recession required
2. O No Mfld inwrance req _ued h1 4 Flood t4sy~we required
MORTGA °'~e i 1 Za eonsecutive~IItt?f~1L( ~xyXpa~v~mentsxof ~ i rFy , yC
meets due `s . 19 ~9.~xmxentsxmay-rec-Tade taxxaxndXXuuuX~CxC~O~~'I~~l}~170N~~if
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INSURANCE: Credit life aadJor disability inwnnee not required, otYerod or provided for. Property insurance (foe and casualty)
~ is required. Flood inwrance in certain designated ueas is alto required. Mortgage life insunnce is not required. Such insunnce u
is requuod or desired may be obtained from or through any duly licensed person or company that Borrower may choose. wbject
to Lender's right to refuse an inwrcr for good cruse. The Bank an, if you wish, amnge for mortgage life insurance, but not fa
Property inwrarrce, fire inwrance or flood inwraaee.
LATE PAYMENT AND, DEFAULT: Borrowers arc wbject to a late chuge not to exceed 296 of any instaWnent unpaid for 10
days after the due date with a minimum charge u may be reasonably imposed by the bank from time to time• after default or
s maturity the principal sum remaining unpaid and accrued interest shall both beu interest at the maximum rate then allowed by
I law. Borrowers shall pay all costs of collection.
SECURITY AND SETOFF: Loan is secured by a mortgage of AugUat ~y , 19 79 on the real estatedescnbed,
therein together with all appliances and items now or hercaRer attached to or placed oa the property and considered futures.
g The Beak 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 uamatured. The mortgage wr71 secure futon or other indebtedness and will cover afro
aoquirod Property. PREPAYMENT: Borrower may at arrY tirtte PreWY in full or in part any unpaid balance without penalty.
Any partial prepayment shall be applied against the morns which wrll last become due hereunder but shall not otherwise affect the
due dates or amounts of payments ASSUMPTION: It aswmption of this loan is permitted by Bank, Bank will charge a servict
~ fee for said aswmption. Such assumption shall be granted at the bank's sole discretion.
(
~ ledge p p copy of this note prior to signature, and that it es correct.
r I acknow the recei t of a com kted
Maker's Address:
?~..Ra:,..t (SEAL)
45~?330
(SEAL)
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~p~I ~ F ~7i TaTlTit'~~'tCfL
IIOA
RPOfTRASA.
(SEAL)
1~OR0 YERiflEO
~o~~ 3~5 P~E2428
CUSTOM OPY BOOK315 Pa~E 751
F8S 830 Rw~