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Home My WebLink About0477 MORTGAGE NOTE = 23.000.00_ .IBnu :r-w--.~t ,19-BD- For slue rec~ire@. tM uaQ~sjscted ldab utd aewrsYy ptomiu to pay t9 tits orer of Fist; ~ Nab lOii<aI Ee~ik - of Fort Pierce, a federal banking corporation, the pdaeipei wm of - - - - ~ - - - - - - - - - - Dogsn. with Mteeat tMreos [rare dau r~ .the tau of pit .act par amtum: tM iate:at sfrd priscipai of ehM sole to be paid a_~olioen: ~ - Twemty-three (23) a ual >>aonthly_ ppaayment of Thres Huadrfad Eleven and 39%100 Dollars $311.39). ~Th~.final (24th) payment due April 15, 1982, shall be.a BAL~.OON.PAYMENT in the amount of Twenty-Ttrlo Thousand N~.na Hua_ died E1(agen and -78/10Q . D(~llars. ($22, X111 78) ,19.0.., The aforenW peymauta are to b •appUed first u• istaest st tlts rate aforcaid dna upon the pdndpal sum or a amvdt thereof as shall from time to time remais unpaid. and the balance of each paymwt sbsB be applied eo the reduction of the principal. A8 payatectts o[ interest and principal era payabb at the office of the payee in the city sbotre sat north, or at such other play as the holder rrtsa? desismte in wtitius, is law[ul mosey of the United Sates. 1[ ao0r of said paymata of iutereri and principal shall not be paid when due then the entire ptintdpal snm std socrued interest shall become due and payable at once, at the option of the holds of fhb sole. Tbb cote b tD be construed andQea~[oroed aoootdins to the laws of the State of Fbtida, and b secured Dy nartsase on real ante Dated J tom- 31 . l9ssQ.,. if default be made is the payment of say of said sums or interest of in the performance of any asteemeaa coataicted hero, or inperforsnanoe of the terms of the moripse n~a te, then. at the option of the holder of the same. the principal sum thee rcmairtfias unpaid with accrued iateraat shalt tety become due. payable and co8ectible without notice. time beirts of the essence o[ this conttsct, and said sum and ssid socrued interest shall bear interest at asartimum rau then allowed by law, from such. bate until paid. The b siren sad a8eed to bare the risht o(setof~ asairt:t all deposits, accounts. credits and other properiY of each maker. auaraa and endorser is possession or control of the holder for any sad cacaos wms due hereunder, without requirement of notice. Any Icer~suase iA said note or mortsase the aotrritbstaadias, no interest sMil be cheesed or calkcted in excess of that allowed by Florida law, and in the t o ration o[ the mortpse. sad the notes aaaued thereby. aM? PtepaW and unearned iatereri sad poiaa is excess of a bw[ul at interest to the den a[ enfortxmeat of payment shall thereupon be rctnnded to the i[ortsesor automatically by the crediWis of same sssinst the sum they due, but such credit shall not cure or waire say dehuk ooasionias acakratioa. Eadt maker, suatantor and end waives praasttment, protest. notice of protest std notice o[ disltonot sad asnres to all costs, iacludins a reasombk attorney's ee ad any attorney's ees incurred on appeal, whether suit be brousbt or not. U oounsN shall after maturity of this rate or defer t reuader or said risase, be employed to cdka this aou or to protect the security thereof: AILS LOAN t]teck if applicable: 1. Xl No notice of rccissiaa nircd 3. D Notix of rccission required 2. 1C) No flood law aired 4. C7 Flood insurance required MORTGAGE PAYMENTS made in _L oensxui" Ye payments of i the first of said pay- ments due .Pay a may ode nz and insurance esaow. OONSTRUCiION LOAN (if appiiabk): interest acetued at annum ayabk to Merv 1 S ,19~_.. on amouna disbursed from the ooastruction f oa t den mena beam. INSURANCE: Credit Ufe and/or disab law not r aired. offered a provided for. Property insurance (Gre and asuatty) is required. Flood insuranrx in grain desiccated ens b required. Yortsase life iawranoe b not required. Sncb Ltsutaaoe as b requued or desired may be obtained from err cosh say duly tiartsed person a cocapaay that Borrarrec may choose, wbject to Lender's risht to refuse an inwnr for scud .The Bank an, if you wish. arrartse for morisase life iawraace, but not far property inwrsnce, insuraaoa oc flood inw LATE PAYMENT Dl'FAULT Borrowers subject to a late chance not to exceed 2'Xr of say iastaUmeat utrpaid for t0 days aRer tbs due with a mini um chose as may be reasonably imposed by the bank from time to time; after default err maturity the ~ re ' ' unpaid sad acaued interest shall both bear interest at the maximum tau rhea allured by law. Botrowen pay ousts of ba. SECURf'IY AND SETOFF: secured by a narisase of ZaYL 31 . 19.,80_ on the real esate described, therein tosether with all appliances end items sow or hereafter attsclted to or plaid on the property sad wnridercd fixtures. The Bank b siren the risitt of setoffs sU d~o~a~ credits sad other property of Borraren is the possession a control at the Bank. for the indebtedness, Ihon~ lured. The aartpye will secure future or other iodebledneu sad wUl corer after acquired property. PREPAYMENT: n nay at any time Prepay is fuB or is pari say unpaid babooe without miry. My bl prepayment shall be sppUed asaita? the wms wbkh will last become due hetamder but shall not othenrise affect the due dates « aaauna of payments. ASSUMPTION: If assumption o[ tbh ban b permitted by Bank. Back wW chance a service tee for said ssstrmption. Sucl? assumption shall 6s scanted at the bank's cede disccetiom i 1 scknowkdse the receipt of a rnmpkted copy of this note prior to sisnatnre. and that it b correct. Maker's Address: 1 f,1 5 Nnrri, i1 _ S . ~l BACKUS ENTERPRISES, (SEAL) INCORPORATED Fnrr Pierce . Florida 33450 (sEAt~ By • t _ t r,J.- -.c~a ~ . .%~i-.,.!~rSEAL) (SEAL) ORIGINAL .sac stev. 4ns