HomeMy WebLinkAbout0511 . y
1M011Tfi~6N No?Ti~
~naots,T t.or~?roN onn
FOR VALUE RECEIVED, tM undersigned, (jointly and seirerdly, if most than arts) promises to pay to _
JANB3 TR6S3I?O, a aingl~ person
or order, in the tttarrter hereinafbr speeKMd, the prktclpal sum of
S xteep Thousand One 8 dyed Fourteen and No/i00 is 16,114.00 )
1Nith ~t~t from date at tM na of 10 ~0 per ant, per antwm on the balance hom time to time nmainiep unpaid. TM said principM
end interest shNl b~ payable in lawful money of the United States of Amaria at Ft. Pierce, Florida
or at such plan as my hereafter be designated by written notice from the holder to ttta maker hereof, on ttte date and in the manner following:
This-Note is payable in equal inatalLlents as follows: Besinning
on February 25th, 1980 the ate of =212.78, and a like alas payable on the cease day la each
south, is each year thereafter, until the entire
. principal sus of =16114.00 tosether with interest, as herein provided, has been-paid
s In lull. s
i
In addition to the payaerlta provided for above, the entire principal aw reesiping tut-
paid ether with accrued interest reesining unpaid, shall be due and ble on
~l4~~X . ~s ....which final payesnt shall be in the secant of ~1Q~.1Zt1.~.4 .
. All payeeata are to be applied brat to 3ntereaL at the rats specified herein upon the •
principal eta of X16114.00, or ao such thereof, as Ray frog tine to ties reeain unpaid
and tjte balance of each payseat shall be applied to principal.
Tbia note is prepayable in whole or in part at any tine without penalty. .
This note with interest is secured by a mortgage on real estate, of wen date herewith, msds by the maker hereof in favor of tM ~
said payee, end shall be constntsd and enforced according to the laws of the State of Florida ~ The of said mortgage
aro by this nferena made a part hereof.
If defsuh be msde in the psyment of sny of the sums a interest mentioned herein a in said mortgsge, or in the performance
of sny of ttte agreements contsined herein or in said mortgage, then the entire principal wm and accrued interest shall at the option of tM
,holder hereof become at once due end odkctibk without notice, time being of the essence; end said principal sum and accrued bbrost shall
both bear interest from such time until geld at the highest rate allowable under the laws of the Stab of Florida Failure
to exercise this option shell not constitub a wsiver of.the right to exercise the same in the went of any wbsequent defsult.
Each, person liable hereon whether maker or endorser, Mreby waives presentment, protest, notice, notice of protest end notice
of dishonor and agues to psy all costs, indudittg a reasansble attorney's fee, whether wit be brought or not, if, after maturity of this note
or defsult hereunder, or under said mortgage, counsel shall bs empktyed to collect this nob or to protect the security of said mortgage.
YVherever used here in the bans 'holder', 'maker' ee' shall construed in tM singular or plural as the conbxt msy
require or sdmit.
MAKER'S ADDRESS
~ R!C C. ORR ~
W
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AND the mortgasor hereby further covenants and agrees to pay promptly when due the prin-
cipal and interest and other sums of money provided for in said note and this mortsase, or either;
to pay all and 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 on
said land fully insured in a sum of not less than its full insurable value, but in no event leas 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 alt 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 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 or any other right hereunder, and
all such payments 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 promptly paid within thirty days next after
the same becomes due, 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.
• ~ Bt~OU~ PiGE