HomeMy WebLinkAbout2475 MORitiAtits ATE '
AMOlJM LceATION
= 3,000.00 - Ft. Pi~rae, Florida .~anwlry 31, 1980
FOR VALUE RECEIVED, the undersigned.lic+intly and sewrallys ff mon d:an one) promises to pay to
JOHN Y. S1rARTZ and JACGUSI.IN6 A. SMARTZ, ~ his wife .
or order, in tM oitnner heninahe? specified, tM principal sum of
F'itty-Three. Thousand and No/100 l! 53,000.00)
With inarest from date at the raa of 11.OOOOpar cent, per anrwm on the batsnce from time to time remaining unpaid. Tla said principal
and interest shah ba l,aysble.in Lawful money of the United States of America at Ft. Pierce, Florida
or at such plea ss may Mrosfter be tiesipnaad by written twtia hom tM hoWer to the maker hereof. on tM date and in the mamer fdlowing: -
Prineipal and interest is payable in equal inataliments as follows: >ieginning _
on Mhrch 1, 1980, the sus of #1008.81, and the seas asotutt•on the smote day of each
south, in each year therea:ter, until the .entire
principal stn of #53000.00 together with interest, as Herein provided, has been paid
in Pull. ,
All payoeents•~are to be applied first to interest at the rate specified herein upon the
pririoipal sum of #53000.00, or so such thereof, as may Eros time to tiers remain unpaid
and the balance oP each payment shall be applied to principal. ,
This note is prepayable in whole or in part at ,any tithe without 1Senalty.
This note with interest is secured by a mortg~gs on real setae, of~even date herewith, made by the maker hereof in favor of the
said payee, and shall be construed and enforced according to the laws of the State pf Florida The terms of said mortgage
are by this reference made a part hereof, -
If default be nnsde in fire payment of any of the sums or inarest mentioned herein or i~~ said mortgage, or in the perfornnanoe
of any of the- agreements contained herein or in said mortgage, then the entire principal sum and accrued interest shall at the option of die
holder hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued interest shah
both bear interest from such time anti! paid at the highest rate allowable urxfer the laws of the State of ~ Florida Failure
to exerdse this option shall not constitute a waiver of the rgiht to exercise the same in the event of any subsequent default.
Each person tip ab. hereon whether maker a endorser, hereby waives presentment, protest, notice, notice of protest and notice
of dishonor and agrees to pay.sll costs, including a reasonable attorney's fee, whether suit be brought or not, if, after maturity of this.note
or default hereunder, or under said mortgage, counsel shall be employed to collect this note or to protect the security of said- mortgage,
YVheraver used here in the-terms 'holder', 'msker' and 'Qayee' else!! be construed• in the singular or piurat~as the context may
require or admit. -
MAKER'S ADDRESS i!.C/ - -
. _ I J ~j ~/y • • _ J
Ci T Q -I y
Gl 15. ~i ~
AND the mortgagor hereby further covenants and agrees to pay promptly wheq doe the pria-
cipal and interest and other sums- of money provided for in said note and this mortgage, or either;
to pay all end-singular the taxes, assessments, levies, liabilities, obligations and encumbrances of
every nature on said property; to permit, commit or suffer no waste, impairment or deterioration
of said land or the improvements thereon at any time ; to keep -the buildings now or hereafter ou
said land fully insured in a sum of not less than its full insurable valve; but iri no event Less than the
amount secured by this mortgage, in a company or companies acceptable to the mortgagee, the pol-
icy or policies to be held by, and payable to, said mortgagee, and in the event any sum of money
becomes payable by virtue of such insurance the mortgagee shall have the right to receive and ap-
ply the same to the indebtedness hereby secured, accounting to the mortgagor for any surplus: to
pay all costs, charges, and expenses, including lawyer's fees and title searches, reasonably incurred
or paid by the mortgagee because of the failure of the mortgagor to promptly and fully comply
with .the agreements, stipulations, conditions and covenants of said note and this mortgage, or -
-either; in the event thr mortgagor fails to pay whin 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 or any other right hereunder, and
- all such pa3-ments shall bear interest from date thereof at the highest lawful rate then allowed by
the laws of the State of Florida.
IF any sum of money herein referred to be not prompNy paid within thirty daps next after
the same becomes tine, or if each and every the agreements, -stipulations, conditions and covenants
of said note and this mortgage, or either, are not fully performed, complied with and-abided by,
then the entire sum 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 mortgagee to exer-
cise any of the rights or options herein provided shall not constitute a waiver of ,any rights or op- -
tions under said note or this mortgage accrued or thereafter accruing. -