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Home My WebLink About0643 MORTGAGE NOTE ~ S •Fpr valYe teceivedr ~hRypQersigned jointly and severally promise to pay to the order of 7 the principal sum of- ~ ' ~ ~ ~ Dollars, _ 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: ?'arc.? st^ Six ~ur~c!rei~ ~:!:;a ^n;,+'< Beginning on ~ , 19 the wm pP Dollars, and the same amount on the same day of each month for ~ consecutive months until this note is paid. t The aforesaid payments are to be applied tint 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. All payments of interest and principal are payabk 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 of said payments of interest and 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 ngt~e ~c Ito be construed and en~orcod according to the laws of the State of Florida, and is secured by mortgage on real estate Dated ~ , 19 I If default be made in the payment of any of said sums or interest or in the performance of any agreements contairkd here, 3 or in performance of the terms of the mortgage securing this note, then, at the option of the holder of the same, the principal e wm then remaining unpaid with accrued interest shall immediately become due, payabk and collectibk without notice, time ~ being of the essence of this contract, and said principal wm and said accrued interest shall beu interest at maximum rate theg 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 vuious sums due hereunder, without requirement of notice. Any language in saw ~W(C ut i~iu~iga~2 iu ind Cululiy ijJiruuawwu~a, iw iitcic» auaa, w u,aijscu ui Cwu,.~,w ~wCC a e of that allowed by Florida law, and in the event of the acceleration 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 s waive any default occasioning acceleration. Each maker, guuantor and endorser waives presentment, protest, notice of protest and notice of dishonor and agrees to all rnsts, including a reasombk attorney's fee and any attorney's fees incurred on appeal, whether wit be brought or not. it 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 applicable: 1. ~ No notice of recision required 3. Notice of rccission required = j 2. ? No flood :insurance required 4. ? Flood jasut~oce required MORTGAGE PAYMENTS made in cortsycutvQ ~ Yptg4ts of S Gobs, the ~it;t~ of skid paY- - ment~ due , , 19 ~ ~iy~~~i ~~y ~ ius~+rgncF: l~tQvY[ ~Q~(ST~tt~ t('t~QN, !JQ/~`1:(it applicable)aJaterOSbatcnredat~ `ti.pec•a~rnupp~yablcapto= • = . - :19:`~ s _ ~ yon ashountt t disbursed from the construction fund on that date regulu payments begin. INSURANCE: Credit life and/or disability inwnnce not required, offered or provided for. Property inwrance (fire and asualty) is required. Flood insurance in certain designated uqs is also required. Mortgage life insurance is not required. Such insurance 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 for good cruse. The Bank can, if you wish, urange for mortgage life inwrance, but not for property inwrance, fire insurance or flood inwrance. LATE PAYMENT AND DEFAULT: Borrowers ue 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 time; after default or ~ maturity the principal sum remaining unpaid and accrued interest shall both beu interest at the maximum rate then allowed by law. Borrowers shall pay all costs of collection. - r a SECURITY AND SETOFF: Loan is secured by a mortpge of , 19 on the real estate described, therein together with all appliances and items now or herafter 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 unmatured. 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 penalty. Any partial prepayment shall be applied against the wms which will last become due hereunder but shall not otherwise affect the due dates or amounts of payments. ASSUMP'T'ION: if aswmption of this loan is permitted by Bank, Bank will charge a service fee for said aswmption. Such assumption shall be granted at the bank's sole discretion. 1 acknowledge the receipt of a completed copy of this note prior to signature, and that it is correct. Maker's Address: " { - (SEAL) ~ ~ 2 (SEAL) _ (SEAL) 1980 J ~ f• . 'YSEAL) t ILEO 4'71492 - S RO ER POITRASA ~ _ CLERItCIRWIT CO T b - ~r _ ~ iT `s, - CUSTOMER COPY '^°rt~"•~•J P4CE n ~ F 85 830 Rev. 4/76 ~ ~