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Home My WebLink About1041 ~U~P~ that if said .JKort~d~or ahall pay unto the said JFfort~a~'ee ~ tJ~e certaan pro~nsaty note, of which the followin~' in word,s and ~lgures is a trtce copy, to wi~: ~ PROM/SSORY NOTE ` ::o~~er;:o~r 23 ~ • • ~ Orlando, Florida . 19 69 FOR VALUE RECEIVED. the undersigned jointly and scverally promiu (s) to pay to the order of BRIARGATE CORPORATION, a Florida corporation, , acFLORIDA BANK AT FORT PIERCE, Fort Pierce, Florida at such placc as the holder (s) of this note may designate in writing, the principal sum of 1;: i!-.~.IY. _ ~ : , - - ~ ~ .rt;::7?::::~ •::~:rT_' ' ~ ~~uT Ji. i ?0/100 - - - - - - - - - - - DOLLARS :ose~her with i,iceresc thercon from date at the rate of 6 /oper annum on the unpaid balance until paid. Accrued interest shall be payable 180 days from date hereof. ~ Principal shall be payable $15,000.00 on or betore 90 days froni date :zereof and the balance on or before 180 days from date hereof. If default be made in the payment of any installment under this note and if Such default is not made good •.~•i:~in thirty da~s, the entire principal sum and accrued interest shall at once become due and payable withont~notece s che option of the holder (s) of this note. Failure to exercise this option shall not constitute a waiver of the right ; execcise the same at a later time for the same default or for any subsequent default. In the event of defauit in the ; ~~ymznc of this note and if the same is collatcd by an atrorney at law, the undersigned hereby agree(s) to pay all costs ; ~:r collection including a reasonable attorney's fa. Presentment, protest and notice are hereby waived. This note is secured by a seCOnd - ` ~:o:tgage of even date on re~l eatate in ~~g~ ~ ~~r.g;_?C~t~i3~. Florida, the terms of _ ,•:::ich are incorporated in this note. g: .!Ll JY? ~ .f6~ resi en ~ ~%/'S; L~'L~:~~~~~~,j- ; ~ ~ t ~ L~ / ' ~ i7 ,L ~ ~ ~ . ~ and shatl perform, co~nply with and cabide by ea.ch and every the stipulactions, d~ree- ments, eondiEions and covenants of said promissory note ctnd of this deed, then this ; deed dnd the esto.te hereby cr~uted sh.a.ll cease and be rcull cand aoid. ~ the sa,id .M~ort~a~or hereby covenants and m~rees: ~ { 1. To pcty all and sing'ular t.he principa,l and interest and other sums of money ; payable by virtue of said promissory note and this deed, or either, pro~nptly on the € da,ys respectively tjce same severczlly come due. `s ~ ~ ~ To pdy ctlt and singula~r the ta.x~.a, assessments, Zei~ie.s, liabilities, obli~dtions B ccnd encumbrances of every nature on said described prnperty each and every, and if ~ the sm~ne be not prorreptly pctid the said JKortgagee may c~t any time ~y the sa~ne ~ urithout waivin~ or af~'eetirag the option to foreclose or cany ri~ht heretcnder, and every ~ payment so maa~e shall bear intere8t frnrn the date thereof at the rate of 6 per ~ cent. per dr~nu~n. ~ ; ~3. To pay alt ccnd singuldr the costs, clucrg'es dnd expenses, including lawyer's fees, reasonably ineurred or pcLid cat ciny time by said .~ort~agee beeause of the failure ~ on the part of the said JFfortgct~or to perfornr., eomply with and abide by ecieh a~ad - every the stipulati,ons, conditions and eovenants of said promissory note and this deed, µ or either, and ~very such paym,ent sh.atl bear interest from date at the rate of 6 a per cent. per annurrz. ~ ~ ~ To keep th,e buildings now or hereafter on said land insured in ac sum not less ; ~ than highest insurable value dollars, in Q corrcpany or companies to be approved by said JlSortgagee, and the poli,cy or policies held by and paydble to said ~ Mort~agee, and in the event anJ sccm of morcey becomes payable under such poli.cy or polici,es, the .hiortgagee shalt hctve tlae option to receive and dpply the Yume on accouzt of the indebtedness hereby secured or to permit the Mort~cagor to receive dnd use it, or t$ any pcart thereof, for other purposes, withouE therebJ waivin~ or impairing any eqtcity ~ lien or right under or by virtue of this mort~rcge, aird may place and pay- for such ' insurccnce or anJ part thereof, wi~hout waivir~~s or affectin~ the option to foreclose or c~ny ri~ht hereunder, and each dnd euery such payment shatl bedr interest from date ~ ' ctt the rate of 6 per cent. per annu~n. s~ 181 P~E1Q4~ ~ ~ _ ~ ~ - - - - - _ _ . _ - ~ _ _