HomeMy WebLinkAbout1770 f+lOTE • • ..~~,..._..r. 1. -IVY -r -.3.i~t s r..s- ~LiTr~ w ~+-.i
1
LOCAIr1oN OA1/
: 18 000.00 F
PQR VALUE R#CEIVED, the underslgr>td, flointly and severally, if mop than onel procnisifs to pay to
STANLBY PODCBRYBNSitY and BEATAICB PODCSRYSNSKY, his wife
or order, M the manner lrereintrfttr specified, ihit prindpal sum of
Eighteen Thousand and No/100 f= 18 000.00
With Mast from data at the rata of 10.000OPer ant, per anrwm. on tM btiana from t t~ n~ma
s TM aa~d- prk~cipM
and interest shall be payable in lawful money of tht United Stags of America at Ft. eUrloed~; `Fiori~
or at such pica as may hereafwr be designaMd by written notiot frortr the pokier to tM make hereof, oa dra daft and Mare reamer foilowMp:
prinoipal and, interest is payable Semi-Annually in equal inatalltaents as follows: Beginning
on August 8~, 14$0, the awl of ;3546.32, and the same-amount on the nave day of each
February and August,•in each year thereafter, until the entire
principal sum of >j;18000.00 together with interest, as herein provided, has been paid
in full. -
All payments are to be applied Pirst to interest at the rate speeilYed herein upon the
prinoipal sus of =18000.00, or so much thereof, as. may Pros time to tiers remain unpaid
amd the balance of each payment shall be~applied to prinoipal.
This note is prepayable in whole or in part at any time without penalty. +
This Hoot with interest is secured by s mortgage on reel estab, of even date herewith, msdt by the maker hereof_in favor of the
said P+Yee, and shall bt eorutrwd x~denforced according to the laws of the State of Florida The arm: of said mortptpt
are by this referenq made a part hereof.
if default be made in the payment of any of the sums or inttrett mentioned heroin or in ski mortgpe, or in 1M performance
- _ ~ ~s d,_ Urn Use entire orincinal sum and acenltd Inarest shell at tM option of tM _
holder hereof become at one dw end colktctible without notice, time being of the essence; end saki principal sum and socrwd inttrest shall
both bsx interest from such time until paid at the higlwst rate sllawable under the laws of the Staa of Florida future
to exercise this option shell not oonstitua a waiver of the right to exercise the same in the event of any subsequent default.
Each person liable hereon whether maker a endorser, hereby waives presentment, protest, notice, notiot of protest sndtwiia
of dishonor and agues to pay alt costs, including a reasonable attorney's let, whether suit be brought a not, if, after maturity of this Holt
or default hereunder, or under said mortgage, counsel shall be empbysd to oolkct this nos or to protect the security of said morigtgt.
Wherever used bars in the temps 'holder', 'maker' and 'payee' shall be construed in the sicqulx or plural a: the contact may
require or admit.
MAKER'S ADDRESS ~ J
1172 Cotmlodore Cotu~t V
Apartvant 1202 c ~ 9i1A1! ~ ~
Fort Pierce, Florida 33450 ~ y j -
AND the mortgagor hereby further covenants and agrees to pay promptly wbea due the prin-
. cipal sad interest and other sums of money provided for in said note and this mortta?!e, 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 leas 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 all costa, 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 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 payments shall bear interest from date thereof at the highest lawful rate then allowed by
the laws of the State of Florida.
!F 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-
tion$ under said note or this mortgage accrued or thereafter accruing.
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