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= 00.00 Ft. Pi ce Florida Januar 16- 180
FOR VA4UE Rt~CkIVEC, tM underai~ned, l,+ak+tN end se~RrNly. if moo than one) promises to pay to
EDWIN STBVBN90N, :slt. and HILDA S'tBV81190N, his Wife= ~ ' -
or order. i;i the-rr?aew,er heteinsher specitied„tM Rrir>Cipei wm of
Nine'Thousand Five Hundred and No%100 1! 9,500.00 1-
With inbnst from date at tM rate of10,0000 ice' cent. pK annum on the balance from time to time remaining unpaid. The said principal-:
and interest shall be payable in lawful money of tlw United States of Anwrica at Ft. Pierce,-p'lorida
• or'at such place ss may hereafter be designated MI written notice from the f,okler to the mak:s hereof, on the date and in the marr,er foiNowino:
Principal and interest is-payable in equal installments as follows: 13eginninq
on Febrttary~l, 198.0, .the sws of (201.$_5, and the saiae amount an the same day of each
month, in each year thereafter, until the entire - -
- principal su>s or 39500.00 together with interest,. as herein provided, has been paid
`in full. - ~ -
.All payeoents are to be applied first to interest at the rate specified herein upon the
prineipa_1 aua of X9500.00, or so much thereof, as may from time to time remain unpaid
a::d ihA balance of eac!t aayment shall be applied to primoipal. - - .
This note is prepayable in ~It^?~ r ir, part at any Lfsa? aithdut ptna2ty~
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This note with interest is secured by s mortgage on real estate. of even date herewith. msde by the msker hereof in favor of thd- .
said payee, and shall ba constrwd and enforoad awarding to the lsws of the State of Florida The terms of saki mortgage
are by this referanoe made :past hereof. -
R default bs made in ::,e payma+'•t of any of v`uE sums or interest mentioned herein or in acid mortgage, or in the periorroance
of any of the agreements contained herein or in said mortgage. then the entire principal sum and accrued interest shall at the option of the -
hold~ hereof became at once due ar,d collectible without notice, time being of the essence: and said prir,cipsi sum end socnred irstarsst shah .
- ~~a. s"~ ? :t~~'fio!fr tune ~j~tit aid at the hiahmt rate aiiowabk under the caws of the State of Florida- Failure
to exercise this option sh~l real constitute s waiver of the right to exercise the same.in the event of env sui3seq,rant cdeisttft.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, not,ce of protest end not,ce
` of dishonor and agrees to pay ~I costs, inc'•r-_iing a ressonabie attorney's fee, whettuK wit be broo;~+t or not, if, after matwity of U,is note
or defsuti hereunder, or under said mortgage, cotK,sel shall be employed Lo collect this noM or to protect the setxsity of said mortgage.
:'hersver used hero in the terms 'holder', 'maker' and 'payee' shell be construed in the singular or plural as-the context msy
reouira or admit _ _
~ hiFiiCEfC'S FiuuREa"
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~r~ tll@ ttiOR~ai,~vP uzicbr further :.`.3~'e^.«,::~ 8nr,~ AgrPPR tq ~1$y DFUmgtt3? i~jitA ~Ue ~i! Qr~-
cipal end intereslt and other sums of money provided for in said note end this mortgagge, or either;
tp nay afl and singular the taxes, assessments. levies: liabilities, obligations and encumbrances of
`r every nature on said property; to permit, commit- ur suffer no was{, it..rA:rment nr ripteriaration
of_said land ar the improvements thereon at any time; to keep the buildings now or hereafter on
said land fully insured in a sum of not Tess than its full insurable valse, but in no event leas roan tLe
amount secured by this morfgage, in a company or companies acceptable to the mortgagee, the poi-
icy ar palieiea to be held by, and payable to, said mortgagee, and in the event Anv gam of money
becomes payable by virtue of such i Wurancs tl:e r"^*rgaoeP shall have the right to rpcPvP An~i an-
-ply the same to the indebtedness hereby secured, accounting to the mortgagor for any surplus; to
gay a!1 cas*~, charges, ar_d e±tf?e~~a, iacl~~ding lawyer's fees and title searches. reasonably incurred
or Wald by the mort_Qas?eP becauxe of the failure of the mortgafor to promptly and fully comply
with the agreements,vstipulations, conditions and covenants of said note and this mortgage, or
either; in the event the-,mortgagor fails to pay when due any tax, assessment, insurance premium or
other _sum of money payable by virtue of said •note and this mortgage, or either, the mortgagee may
pay the same, without waiving or affecting the option to foreclose ar soy other right hereunder, sod
~ =all such pAyments shall bear interest from date thereof at the highest lawfal rate then alloyed by
the laws of the State of Florida. Lhirt
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IF any sum of money. herein referred to be not promptly paid within -days next after
the same becamcs due, or if each and every the agreements, stipulations, conditions and covenants
of said note and this mortgage, or either, are oat fully performed, complied with and abided by,
then'the entire snm mentioned in said note, and this mortgage, or the entire balance unpaid there-
on, shall forthwith or thereafter, at the option of the mortgagee, become ,and be -due and payable,
anything in said note or herein to the contrary notwithstanding. Failure by the- motgagee to exer-
vise any of the rights or options herein provided Qhali not constitute a waiver of any rights.ar op-
tions under said note or tltia mortgage accrued or thereafter accruing. -
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