HomeMy WebLinkAbout1275 ~ PI•20MISSORY NOTE
l~ort Pierce, Mimlx Florida ~ebruary , 19.~..
FOR VAIUE RECEIVEO the undersigred, jointy and seve~aly~ promi~e to PAY TO THE OROER OF •
J~?CK A. ~BBO'Y"P, ae Trustee
The p~inCipal sum of ~*~'Y Q~.9'~.U~itD ~~o ~n~nARD- --------"~g0~14Q-mLLARt;
(S 21, 300.00 ) togethe~ with the interest thereon f~om date
at the ~ate of ~ perce~t per annum until maturity. all payable in lawful money of the United States of Ame~ica,
as follows:
$4.260.00 ane year from date
~$4, 260.00 t~ro year• fraa date
$4,260.00 three ~eara from date
~4, 260.Q0 four years from date
$4,260.00 five yeara from date
Thie note may be prepaid in whole or in part at any time after
January 1, 1974, without penalty.
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Ali payments shall appty first to acuued interest. and the romalnder. ff arry. to reductian ot p?i~cipal. H any installment of principal or
ir:terest is not paid when due, oi upon any default ~n the perionnance of any of the covenants w agreements of th~s note, or of any
~;~strument now or hereafter evidencing or securing Mis nate or the obligation reprasented hereby, the whole indebtedness (includ~ng
pr~ncipal and intercst) remaining unpaid. shall. at tAe option ot ths holder, become immediately due. payable and collect~ble. and while ~n
de(ault, this note and deferred interest shall bear interest at the rate oi T ff percent per an~um.
Each maker and endorser severalry waives demand. protest snd notice oi maturity. non-paymeM or p?otest and atl requirements neces-
sary to hold each of them liable as makers and e~dorsers. Each maker and endorse~ further agrees, jointy and severaly, to pay a~~
costs of collection, inctuding reasonable atto?ney fees in case the principat of this note ot any payment on the pri~cipal or any ~ntsrest
tnereon is not paid at the respective maturity thereof. or in cass it becomes necessary to protect the security hereot, whether suit be
brought or no~
Payabte at R m 441 ~ 420 Lincoln ' 07C1
--~LS~----6@~i~d S~ ~Ta~s _(Seal)
lriiami Heach, Flo=ida 33139 T
~ ~sea~~
o? sucb other place as sha11 bs designated b~? ths holder JIl(~ a~i~s
ot this nots in writing
and shall duly, promptly and tully pertorm, ~~char~e, rxecute, ef~ect. complet~, romply w~tJ~ and ~bid~ Dy weh
and ~verv tAe at~pula:?ons, a~reementa, cond~tions ~nd cu~~~nants ot said pronu~~ory aote and ot thu morttase.
Nw t!W mortga~e and the e~tat~ her^by created ~hsll cease and be null ana vold.
It u under~tood that each ot the w ord~. "aote," "mor~asoY' and "moetsa~e~" re~pectlvely and tAe profl-
ouiu ceterrin~ thereto, wrether in the ~ln~ular o~ plunl anywAere !n t1W mortsap, ahall M aingutat It one only
aad ihalt De plural jantly ~nd xvenlly, it more than on~, and ahall De muculln~, i~taln~ and/or neuter, wher-
w~r the context so impl~es or aamlb.
Md satd Mortgagor tor Mmaelt Rnd t~i~ he1n, lesal repre~entat~vea, ~ucc~~on and wlpu, 6enby coven- ,
ants ana aireu to and v~nth uid Mort`a`es, hia le`al repreaenutlvea, ~ucce~on aad arf~ru:
.l. To pay all ~ud un~ular the prtnelpai and lntere~t aad tb~ v~rfou~ anA ~uaar~ sum~ ot monep p~yable D~
vlrtu~ ot wld prom,a~ory note. and ttUi mort~as~. wch +?nd ~very. Pmmptlr oa ce. a.y. .+a~u.~r w. ~am~
; ~evsrally b~com~ due.
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! 4. To pay aIl and ~insular the taxe~, as~euments. LeviM, IIaDllfUei, oDUaaqons and tnr+.:mbranc~s ot everr
n~ture ~nd k~nd now on said descnDed property, and/or th~t hercafter may be tmposed. ~uifered~ placed, levfed
~ ar aa~ea~ed thereupon, and~ or that Aerea[ter may be lev~ed or uaeaaed upon th1• mort~ag~ ~nd/or ths fndebted-
~ neaa xcured hereby, sach anJ ever~, when due snd p~yable accorQtns to Lw, De[ore Ney become del~nquent~
and betore any Inicreat attacAca or any pert~lt~ is incurted; and tn w tar a~ any tl?ee~ot !a ot record the sam~
~hall De pwmpUy satistled and diach~raed ot record and th~ orlstnal ottlcial document (such a~, for Uutancs,
the Wc rece~pt or tne satutaction paper ofttclally endor~ed or certltfed) ~teW D~ p1acM In the hands ot u3d
Mortgagee with~n ten day~ next siter payment; and in the ev~nt that any th~»of t~ Aot ~o palQ utl~tled and
dlichar`eA, sa~d Mortsagee may ~t any tlm• pay tAe s~r?e or ~ny put tl~ereot witAout w~ivlns or aftect~n~
any option, t~en, equ~ty or risht under or Dy v~rtue ot tAb mortaaae, and the tUll amour~t ot each and every
iuch payment snall be ~mmediately due and psyable and ahall bsar lntere~t irom the dat~ theraot unt11 pald
st the nte ot ten per centurn per annum and together with auch intere~t shall De secured Dy the llen uf thla
mortgaae. -
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-.ui?1~LJt64dt[1LmQT ~r~ ~ [Y~j~ya 1 tn iaid~octi~-
_ ~se -as A~s -u?t+sast . . l 1ltresarL
Mortgagec: anA, not tesi than ten • tn advance ot the explrat~o c~ch poUcy. ~ Mllver to uld MortSagN
% • renewal thereot. together with a rec for the prem~um of~fc?~ renew~l• and then sAall b~ no ~uch ituur-
~ ance placed on ~nv of ~aid Du~ldingi, any i st there,n ,vr part th~reot, uNess ~n the torm and virltl~ LAe lo~
payaDle a~ atoresafd: and ~n the e~ent any ~um ey becomea payabte under such pollcy or pollciea ~aid
Mortgtgec ahall have the optlon t~, recerve and~l e same on ~ccount at the indeDtedn~a~ aecured nereby or
to permlt ~s?d MortgaRor to recelv~ and u~r or any p+ thereo[ for other purpoia wltho~~t ther~eby wa~vtr.s
or 1mpa/rfn~ any equfty. Iten or rlgh ufi"der or by vlKue of mortaa;~: and in ~'x ~wnt aald Mortaasoc iha11
tor any reason (ail co keep th d prembes so In~ur~ or [d d~liver promptly any ot aatd polinea ot
~ fruunnce W said Mortg , or tdl pmmptJy to pay tully any preml ~cefor, or In aay rrpect fai) to p~ r~
torm, dlich~rse, exec , eft~ct, complete, comply wfth •nd ~blde by thi~ co ~ ot ~nr part Aeceof, ~ald I~to
~ ~~e m~y place p~y for ~uch Insuranc~ or at~y p~rt theno! wltrout wa1H~? ~thcUns anr opUon, en, a
~ eqWty or under or by vfRue oI thla mort6a~e, and tDe tull aq~ount of e~ch every auch payment hall
~ t ately ~ue and payabl~ and rhall be~~ Interesi trom tDe dats thereot unt11 pa! the nte of te p~ri~
um per annum and together wlth such tnter~~t shall bs ~ecured by tAe Lsn of Wa morts
~ 4. To pernUt, commft or autter no wa~te, tmpa~rment or dteriontton ot ~al4 prop~ttr or any part tMno[-
~ 6. To p~y W and dngular tha cwt~, chargea and expensea, tncludln~ na~on~We lawryer'~ tsp aad co~t ot
° ab~traet~ ot Utle, fncurred or pald st ~y tlme by safd Mortga~ee bectu~ and/or tn ths ~vent of tlf~ tWur~
ou th~ part of th• sa~d Nort~or to duly, pmmptly and N11r p~rfor~n, df~charfe, ~~cut~. ~Keet. coenpl~t~?
; oompl~ ~rfth ~ aD1de Dr ~acb aad ~verp th~ ailpulatloni. asre~meat~ co.~itjooe and oovsnaut~ oi wd pro~nr-
~ ~or~ nob. anA W~ moit~~ anr or ~Itber, and ~a!d co~ti. chae~~s ~ud ~p~o~. ~e.cb aad s~~rr. ~hW b~ len-
mbf~t~ly dw •n~ p~~abb, wfi~Wer or aot th~er be notlce, dem~nd. ~tt~mpt to ~olbct os Nlt p~lns: aad t~
fW1 amonnt of sach aad ev~r~? aeh p~~nn~et ~hall bewr Int~ra~t trom tM d~t~ W~e~o[ usU1 p~td ~t t~ rrt~ o[
t~ p~r cuituai p~r aanum• ar~ W ~alA cosb. charte~ anA ~ap~ow so tacurerA o~ p~l~ to~~tb~r wftb wc~ fa-
t~rwt. ~11 p~ Neurd Dr tb~ INa oi tN~ mort`sjs. .
o~z1~ pA~~z75
s~'S I.AW 0?~IC[~. A~~OTT AND FIIUMK[i. e20 LINCOLf~i 110AD. MIAMI /[ACH. RQRIOA
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