HomeMy WebLinkAbout2078 hereunder immediately due and payable. Any failure to
exercise this option of acceleration shall not constitute a
waiver of the right-to exercise the same at any other or
different time.
4. The holder hereof may without notice and without
releasing the liability of any maker or any other party
hereto:
(a) grant extensions, renewals and indulgences
from time to time and for any term or terms; and
{b) permit additions to or substitutions of
security given for the payment of this Promissory Note;
and
(c) add or release one or more parties hereto
without releasing any other party to this Promissory
Note.
5. The holder herea£ shall not be liable for failure
to collect or for lack of diligence in bringing suit on this
Note or on any renewal or ~x+~~~nsion hereof or upon or with
respect to any security or to foreclose the purchase money
real estate mortgage given to secure the payment hereof or
for failure tc make demanc or presentment for payment or to
protest or cive notice of protest, dishonor or nonpayment or
any other notice except as hereinabove specifically provided.
6. The undersigned makers and each surety, endorser
and guarantor hereof, jointly .and severally, waive presentment
for payment, notice of non-payment (except as hereinabove
specifically provided), demand of payment, protest and
notice of protest, notice of dishonor and diligence in the
collection of this Note and in filing suit hereon and
consent and agree that their liability for the payment
hereof shall not be affected or impaired by any release or
change in the security for the payment of this Note, or as
.set forth above, by any extension of the time of payment, or
the addition of any parties hereto, which extension and
addition may be made without notice to any party hereto and
without affecting their liability hereunder.
7. It is further agreed by the undersigned makers and
- each surety, endorser and guarantor hereof, jointly and
severally, that if the Note is not paid promptly in accordance
with its terms and conditions or if suit be instituted
hereon or to foreclose the mortgage given as security herefor
and as often as suit is filed to collect this Note or to
foreclose said purchase money real estate mortgage, they,
and each of Y_hem, jointly and severally agree to pay in
addition to the unpaid principal balance hereof and any and
all interest accrued and due hereon but then unpaid, a
reasonable attorney's fee of not more than ten percent (10%)
of all such unpaid principal and interest.
8. This Promissory Note and the indebtedness evidenced
hereby is secured by a purchase money real estate mortgage
of even date executed by the makers hereof as mortgagors to
the payees as mortgagees covering the following described
real property situated in the County of St. Lucie, State of
Florida, to-wit:
-2-
L~,1K322 Pacf2071