HomeMy WebLinkAbout0483 MORTGAGE NOTE
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For vatw notiwd, the uadersipred jointq? nab tsraralq? i~w to pal to his osae` of ~ j~jat i~j~I $anl~
of Fort Pierce, a federal banking corporation,
tbO pflp~pal fllal Of - ~ w w w w w w w w w w w w w- tV..-..
with iattnsi tMeteott hom Gate at Nn Ms of `par cart! par ~raaumi tM interest and ptindpal of thM acts to b
paid u [ogorrs:
Twenty-throe (23) equal ~ monthl~r ~ayaaeAts of T'hrae Hundred Sixty-
Five and 55/lOQ Dolls s ($36~~..5 The final (24th) payment
. due April 15, 1982, s~all be a.. BAI.LOOt~~ PAYMENT ii>< tt~e anwunt of
Tweet -Six Thpusand~ 81$~}t Hunc}red~ ~1~.nety-six and .44/loo Dollars
~ orr ? 19-.i~iL.
Ths a[onaW gsymeat: an to be applied tint to interns at the me sfonaid duo upon the ptiadpal sum or w mttcdr tbereoi
as shall [rom trine to time remain wrpaid, and tbs balartoe of etch payment shs8 be applied to the reduction of the priocipd.
AY paymaaa of irrrarest sad principal as payawe at the oaks of the pares m the city above set forth, or at such aher
piaoa as the holder may dedtaate is writhrt, m 4wfh1 aroney of tb Uahed Sates. >t nay of aid paymsaa of brterest sad
principal slWl not be paW when due theA the cash ptiacipl war and accrued interest :hall become due sad payable at Dace. at
the option of the holder of that note.
Thb aoa is to be construed sM epfotoed aaordiat to the Jaen of the Sau of Florida, and is sewted by arontye on real
elate Dated J$Z1. .~_.19~Q.
if default be made in the payment of nay of aw snag or iut or ur tae pariorsaanoe of nay atreesaeats contained hew.
or in performance of the terms of tM aw ~arr~ this e, a. at the optba of the holder of the nine. the
sum then rearaiainj wgiaid with aecttred ia~test sha0 immedia dot, payabb and ooMct~le withoat ao time
beint o[ the essence of fhb ooattsct. and said ~p am and rued hrterest shdl bear httscett n msximwa me then
allowed by bw, ttom such dme until psid. The oir
{del b siren sad agreed' bane the tight of seta((a~aiast all deposits, aaouats.
credits sad other progeny of each maker, twrantat sad endorser in n or control of the holder for nay and carious sums
due heaurder, without requitement of notia.
Aey b?atrrate in aid note or morttate to the con y twith:taadint. no interest shall be ducted a eoUected in excess
of that allowed by Florida leer, sad in the scant of the tba of the mortpts, sad the sots: secured thereby. any PrW~
and uaeatned interest and points is exoesa of a lawful rat of interest to the date of ea[orameat o[ ppsap~~arart drab thereupon be
refunded to the hlontator automatially by the creditiat fame apwast the sum then due. but such aedit shall not cure a
waive nay default occasionittp acceleration.
Each maker, tuataator std endorser waive presentmea protest. lice of protest sad notice of dishonor and agrees to aq
costs, iadudirrt a rasombk attorney's fee and any attorney's fees red oa appeal, whether wit be broutht or not, U counsel
shall after maturity of this note or default hereunder a under sold rtta~e. be empbyed to collect tbb note or to protect the
security thereof.
ETAILS F LOAN
(]reek if applicable: 1. ~ No notice of n' 3. O Notice of recissbn requited
2. ~ No hood insure u' 4. O Flood insurance required
R MORTGAGE PAYMENTS made in _.LSec~onsaarrttre a payments of S eadr, the first of said pay-
meats due , 19 .Payments y tax and insurance esaow. CONSTRUCTION LOAN ff
appliabk): Interest ensued at 'Xr pet annum pay k up to _ M~ ~ S .19~_. oa amounts
disbursed from the comtructi un n that date set payments betin.
INSURANCE: Credit life and/or b' issu ~ t requited. offered a provided tot. Progeny iawtaaoe (tire sad nsualty)
is required. Flood inwrarrce in Der dedtaat areas is also required. t+brtptt life iawnaoe bt not requhvrd. Sack iawrapoe as
is regnitcd of destred gray be ob from a ronth nay duly liceraed person or company that Borrower may choose. subject
to Lender": right to retua an irrwra anse. The BaWc ace, if you wish. strarrte for mortpts life iawranee, but not far
property iawrarroe. fire insutance or
LATE PAYMENT AND DEFAULT: Borrowers ate subject to a late drar,e not to exceed 2'X o[ nay iastapmapt unpaid for 10
days after the due date with a minimum charts as may be reasonably imposed by the basic from tirpe to time; after default oc
maturity the princiwl sum remainirrt unpaid and accrued interest shall both bear interest at the maxiawm rate rhea allowed by
law. Borrowers shall py all costs of cdkctioa. -
SECURITY AND SETOFF: Lana is soured by a awntate of 1511- 31 . 19$~oa the real elate desarbed,
therein tatather with aN appliances and items now a hereafter attached to a phoed on the property sad considered fixtures.
The Bank b tires the right of setoffatalast all deposits. credits sad othet property of Borrowers is the possession or control of
the Beak, for the indebtedness, thoudt unautur The arorttate rrll secure futon or other iadebtadness sad wdl cover after
xqu~ P~nY• PREPAYMENT: $ wen may st spy tiers prepay is tuB of in psri nay unpaid balance witbart penalty.
My putial prepayareat droll be applied ataLrst the soots whidr wfil Isst become due hereunder but:ball not otherwise aRect the
due dates a amounts of payments. ASSUMPTION: I[ aswmptba oil this ban is permitted by Bade, Bank will charts a service
tee for said assurrq?tbn. Such assumptbn dull be panted at the bank's sole discretiar.
1 acknow{edte the tempt of a completed copy of this note prior to sitnature, and that it is correct.
!taker's Address:
1 fl 5 Nerth U _ S . #1 RA(:KiiS ENTERPRISES . (SEAL)
INCORPORATED
Fort Pierce . Florida 33450 / ~ / (sEAL~
B11 • " rit l Z ~ r a.rjr~ ) _ _ tit`~l:r .
(SEAL)
President
(sEAL~
g p[ PAGE
ORIGINAL
t30 Mv. Ma