HomeMy WebLinkAbout0161 1~
~rpU~P~ ~11U~1~~. tl:at if cRi~ .~Kortg'agor aluill ~vay rc~tto tlre cui~ ,hlort3sa~+ee
~ thP certain prnncissory »otP. of rrhich the follou,~inA in iaoriit an~ fi~~~-r~s is n true co ,r/,
' to wr.t:
1 _ - - - -
- _ _ - - - -
COPY ~ OF PROht(SSORY NOTE , ~
: 84,000.00 ~ Decemb~r 14 71 fi
Orlando, Floe•ida , 1~
FOR ~'ALL'E REC'EiL'ED, the ur?det~igned jointly and sevei~ally promise 1 s) to pay io the urder of
L~?URA ~NCOCR, as truatee ;
:a~ ~'irst National Bank at Ft. Pierca, Ft. Pierce. Florisla
~~r at such plare as the holder(s) of this note may designate m writing, iiie ~ri~«i~i ~u?~~ :,f 3--- •
EIGHTY-FOUR THOOSAND 7~ND NO/100 DOLLARS `
to~;ether ~rith interest thereon fe-om date at the i-ate of 7 per annum on the unpald balance
until paid.
Interest shall ba payable annually and principal ehall be payabls in threa
(3) equal annual inatallments o! $28,000.00 each comu~sncing oAe year from
date hereol.
Privilaqe is reaervwd to prepay Mithout penalty ths sntire indebtednsas ar
any part ther~o! at any t3ma, but any pt~rtial prspaymenta shall not chanq• tha
amounts or due dates o! sub~equently requirsd peymants.
If default be made in the payment uf •any ir?stal{ment under this note and if such deFault is not made good
~~~ithin days, all principal and inte~rst due hei~euncier shall bear intei-est from date of default at the highest
~„al ~~ate and the entire principal sum and accrued interest shall become due and payable without notice at the c,p-
tion of the hc~lderls) of this note. Failure to exercise this option shall not constitute a~ti•aiver of the right to ex-
:.~~•ise thc~ same at a later lime fo?• the same default or for any sutnequent defauit. In the event of default in the
;,~>~ment of this note and if same is collected by an attorney at la~ti~. the undersigned hereby agreels) to pay all
~<<~ts of collection including a reasonable attorney's fee. Presentment, protest and notice are hereby waived.
This note is secured by a HALt,MARK OONSTRUCTION C~OI~ANY
~~~artgage of even date on real estate in nF g~~~ ~~L~
S t. L1~Cie County, Florida
gv Gordon ~ . Nutt
~ Presideat
, - AC~.)
(CORPORATE SEAL) -
I~Z.)
1
~
~
and s7uill perform:, comply ivitfi dnrl aLide by eaeh a.~td every the sfiprcl.cttions, a~ree-
ments, conditions a~rd covenants of said prv»tissa~y note and of this deed, tlcen thi8
deed and the estcite frei•eby creQted sfiall ceabe and be n~cll and void.
,
,c~Itl~ the sairl .hlortga~or hereby covenants and agrees:
~ I. To pay all and sin~rilar the principal and interest a»d other sums of moneJ
pccyctble by virtue of said pramissory note and this aleed, or eit~ier, prompily on fhe
~ dacys respectively the same severally come due.
~
f~
2. To paJ all a.nd sin~srclar the ta,xes, assessnaents, levies, lia.bitities, obli~'ationa
and encumbrances of everJ ncrtu.re oia saic~ ~lescribec~ propertJ eacii and every, and if
~ the same be ~cot prontptly paid the saic~ rltort~2~ee may at any tinte pay tlie same
t without waivin~ or a~PCfing tlte option to foreclose or an~ ri~s/it hererc~ader, a~ad every
paynient so ma,de sluill bear interest fi•om the date tkereof at the rate of' 7 per
~ cent. per annur~t:
i
; S. To pay all and si.ngula.r th~e costs, clrar~es and e.rpenses, inclrcding lazvyer's `
~ fees, reci.sonablt~ inetcrred or paid a.t n.ny t~me bJsui~ .dlorf~agee because of the failure
i o~a the ~~art of the said ,:llort~a~sor to ~~erfQrnt, contplJ wit/i «.iad ubide by each and
~i er~erJ tlce stiptclati.o~zs, conditio~as an~l coveiian.ts of sai~l pro»tissory ~:oteand tlris deed,
or eith.er, acnd every srcch paJnteiit slrall Lear i~aterest fi•ont date ut t/~e rate of
~ 7 per cent. per annzcm.
~ To keep the brcildi~t~ss now or lterea fter on said land insured in a sum not less ~
than fu12 insurable value --------~.~~nr.c, in a conapanJ or companics to be ~
approved. by sairl .~Ifort~a~ee, an~ tlre nolicJ or policies held by and paJable to sai,nl s
.rlfortgagee, antl in the event an~/ ,rina of naoneJ becomes pa.yable under sttcli policy or
policies, f1rP ,.~Iortgagee shall hac~~ t/~r~ option to receive and aJ~~~ly the sunze on accotcRt
of the intlel~teclness Itereby recrcre~l or to permit t/re .~llort~a~or to reeeive and rese it, ar
anJ part thereof, for other pt~rpo4es, wit/tout t/ierebJ u~aivia~' or impairin.g any eqtcify
lien or right under or LJ virtr~e of this mortg7tge, u~~d may place arrd paJ for such
insurance or anJ part tfi.ereof; wifhotct wai.uin~ or a.jJ'e.cting tlae option to toreclose or
I any ri3shE Itereunc~er, and eac/i and everJ such payinent s~~l~e~ interest fronr. dctte
at the rate of 7 per cent. per annum. OpK t~~ PACE (