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Home My WebLink About2852 MORTGAGE NOTE s ? r~ ~c.~:~~_:ry .19: For value ra~eived, the undersigned jointly and severally promise to pay to the order of the principal wm of ~ t ^ t 1' ' i ` • } - . ; ~ : ; n . ~ j ~ ! t • - - - - - - - - - - - - - 'Dollars, with interest thefeon from date at the rate of~~~,,_per ant pq~ annum; the interest aqd prin~l of this note to be paid as follows: , : t• : v : t - a i . . r a _ - - ~1 't". :t'~L 1~~ vh P 'iZ:-.'-~P't~ r: ~l• id .7j`.y ~ti _'`~'!h~l'. Beginning on ' ! . , . , 19 ' ' the sum oC' _ T ..1 - r_ . ~ ~ , ~ollail;~' and the same amount on the same day of each month. for consecutive months until this note is paid. The aforesaid payments are to be applied first 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 rcductan of the principal. Al! payments of interest and principal are 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 of said payments of interest and principal shall not be paid when due then the entice principal sum and accrued interest shall become due and payable at one, at the option of the holder of this note. This note is to be construed and enforced according to the laws of the State of Florida, and is secured by mortgage on real estate Dated ' . ? ~ ,19 tf default bt made in the payment of any of said sums or interest or in the performance of any agrcements contained here, or in performance of the terms of the mortgage securing this note, then, at the option of the harder of the same, We principal sum then rcmainirrg unpaid with accrued interest shall immedutely become due, payable and collectible without notice, time being of the essence of this contrxt, and said principal wm and said acrrued interest shall betr ipatereat at maximum rate then allowed by law, from such time until paid. The holder is given and agreed to have the right of setol"f st all deposits, accounts, credits and other property of each maker, guarantor and endorxr in possession or control of the holder for any and various wms due hereunder, without requirement of notice. - My lagguage in said note or mortgage to the contrary notwitMtatldar=, po int~lest tdtaU be charged or collected in excess .,f .t.~± •!rw...,± tiv Flr..i~h t~.,• ,,,,1 in the event of the aceekntion of`the mosl~aste, and the notes secured thereby. any-prepaid and unearned interest arrd points in exceu of a lawful rate of ictl~rest to thw.dat?of enforcement of payment shall thereupon be refunded to the Mortgagor automatiaUy by the creditin6 of sattire agairKt the sum then due, but wch credit shall not cure or waive any default occasioning acceleration. - - Eaclr maker, guuar_tar and endorser waives preseatmens, protest, notice of protest and notice of dishonor and agtces to all costs, including a reasonable attorney's fee acrd any attaeoey'~ tees incurred on appeal, whether wit be brought or act, if counsel shall after maturity of this note or default hertundat a Under said mortgage, be employed to collecti this note of to protect the security thereof. DETAILS OF LOAN Check if applicable: 1. D No notice of recision required 3. D Notice of recision required 2. D No flood inwnnce required 4. D Flood inwnnce required MORTGAGE PAYMENTS made in consecutive ' ` ` `payments of S ' each, the first of said pay- ments due 19 .Payments may include taX acrd insurance escrow. CONSTRUCTION LOAN (if applicable): Interest accrued at % per annum payable up to , l9 on amounts disbursed from the construction fund, on that date regular payments begin. INSURANCE: Credit life and/oi disability inwnnce not required, offered or provided for. Property insurance (fire and casualty) is required. Flood insurance in certain designated ueas is also required. Mortgage life inwnnoe is not required. Such insurance u is required or desired may be obtained from or through any duly licensed person or company that Borrowtt may choose, wbject to Lender's right to refuse an inwrer for good cause. The Bank can, if you wish, amnge for mortgage life inwnnce, but not fa property inwrana, fire insurance or flood inwrana. LATE PAYMENT AND DEFAULT: Borrowers ue wbject to a late chuge not to exceed 296 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. 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 hereafter attxhed 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 Borrower in the possession or control of the Bank, for the indebtedness, though unmatured. The mortgage will secure future or other indebtedness and will cover after - acquired property. PREPAYMENT: Borrowers may at any time prepay in full or in part any unpaid balance without pe~al~y. My 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. ASSUMPTION: 1f aswmptan of this loan is permitted by Bank. Bank will chuge a service fee for said asumplion. Such asumption shall be granted at the bank's sde discretion. ! acknowledge the receipt of a completed copy of this note prior to signature, and that it is correct. Maker's Address ' (SEAL) , ~ , - (SEAL) (SEAL) (SEAL) B~~ 323 ~~~E2841 SPECIMEN , F85 164 Rev 4/7ti