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Home My WebLink About2416 f MORTGAGE NOTE s 41,SOv.00 Dacinbar M 1979 For value received, the undersigned jointly and severally promise to pay to the order of FIRST *lATIONAL BA.~IK OF F'OR? PIfiRCB the principal sum of ~~~-0NE TBOITSAND PIV$ HUNDRED AND 3'101100--------------------~Ilars, with interest thereon from date at the rate of per cent per annum; the interest and principal of this note to be paid as follows: Beginning on Januaty ~ 19 SQ ,the wm f ---y~`$539.09"______.,~_--r'--Dollars, and the same amount on the same day of each month for consecutive months and one final payment of $35,939.59 plug interest at 13 1/2X psr saatw - five yearn from data of this note. The, 59 Ittunthly install~nt• shall include intar~sst at 13 112 per annwa. The aforesaid payments aze to be applied first to interest at the rate aforesaid 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 payments of interest and principal arc payable at the office of the payee 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. If any bf said payments of interest and principal shall not be paid when due then the entire principal sum and accrued interest shall become due and payable at once, at the option of the holder of this note. This node is to 4e cons rued and ~orced according to the laws of the State of Florida, andrs secured by mortgage on real estate Dated CBtit~@T , 19 If default be made in the payment of any of said sums or intereit or in the performance of any agreements contained here, or 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 immediately become due, payable and collectible without notice, time being of the essence of this contract, and said principal wm and said accrued interest shall bear interest at maximum rate then allowed by law, from 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 versus wms due hereunder, without requirement of notice. . Any langwge 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 acceiention of the mortgage, and the notes secured thereby, any prepaid and unearned 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 or waive any default occasioning acceleration. ' Each maker, gwrantor and endorser waives presentment, protest, notice of protest and notice of dishonor and agrees to all msts, including a reasonable 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 hereunder or under said mortgage, be employed to collect this note or to protect the security thereof. DETAILS OF LOAN Check if appGpble: 1. No notice of recision requird 3. ? Notice of recision required 2. ® No flood insurance required 4. ? Flood insurance required MO ma3e'in -"-"co'nsecu roe"-'-'-'paymenf'sot'~--~~1- each tTie lirsi Ord pay- nYc"ilt!'~iSF "--"-'-""'"""'-"i'9-"'"Pa'y'menTs may mc7uae lax-anainsurance escrow-Z~QS`TI~TZ'I'TQ111~A~1 Zif a~~ff fccabT iBiZ:ff3C3i°~~'TaC"""~k~eran`ntim"" a u o ~"~~pp~s dh~urse~~ m"ITie conslructTonTun , on that~ate regu-r~nts grn. r - INSURANCE: Credit life and/or disability inwnnce not required, offered or provided for. Property inwrance (fire and pswlty) is required. Flood insurance in certain designated areas is also required. Mortgage life insurance is not required. Such inwnnce as is required or desired may be obtained from or through any duly licensed person or company that Borrower may choose, subject to Lender's right to refuse an insurer fa good ease. The Bank an, it you wish, arrange for mortgage life inwrance, but not for property insurance, fire insurance or flood inwnnce. LATE PAYMENT AND DEFAULT: Borrowers aze 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 reasonably imposed by the bank from time to time; after default or maturity the principal sum remaining unpaid and accrued interest shall both bear interest at the maximum rate then allowed by law. Borrowers shall pay all costs of collection. 7 SECURITY AND SETOFF: Loan is secured by a mortgage of I3eC8~b8r 6 , 19 ~ on the real estate described, therein together with all appliances and items now or hereafter attached to or placed on the property and considered fixtures. The Bank 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 unmatrued. The mortgage will secure future or other indebtedness and will corer after acquired property. PREPAYMENT: Borrowers may at any time prepay in full or in part any unpaid balance without ppeerralty. Any partial prepayment shall be applied against the wms which will last become due hereunder but shall not otherwise affeM the due dates or amounts of payments. ASSUMPTION: If aswmption of this loan is permitted by Bank, Bank will charge a service _s fce for said aswmption. Such assumption shall be granted at the bank's sole discretion. ~ ~t ~ ' : ,J,l 1 acknowledge the receipt of a completed copy of this note prior to signature, and that it is correct. - ` - Maker's Address: 4~j885~ '.~ARH13~3 FRL?IT rO:iTRACTING,_3,~IC. ~ ° =7 ~ ~ iii ~ t~ RY J' L`'" ~ P: (SEAL) . _ ~ ( M.' ~ QED -~'t~4Z r^ ST.IUC F r,~, ~ LA. ra.~'; f:ST;~"v~lf~-~.c,..acr <•t~~~~!~.« ~(~L) . :.t!R ~ai:~tICIA dUCtiT'~,, 3ectetaYy. G RECOk . _ ; ~ . (SEAL) DEC T 3 si PM `79 ' (SEAL) L CUSTOMER COPY dl~{j~~~ P~GE~~f,