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MORTOAOE NOTE _ ~ - - - _
AYOtJNT LOCATION OATt
_ FI r d Februar 1~ 1080
FOR VALUE RECEIVED, tM undusiEned, IjoMtly and sswrslly, if more than one) promises to pay to
_
CHARLIi3 A. URSO, a single person .',t` _
607 South U.S. !1, Fort Pierce, Florida 33450 .
or order, M tM. manner Mreinaher specified, the principal sum of
(rive Thousand Three Hundred and No1100 !3 5,3op,00 1
With inbrest from daft at the rate o114 .p000 Per ant, Per annum on the bslana hom time to ttrrM remaining unpaid. The said principal
and Merest shall be paysbN in lawful money of the tJnit~d Sues of America at Ft. Pierce, i?lc+rida
or at such playas may hereafter be dseignatsd by writpnnotla from the balder to tM maker hereof, on the dati and in the manner followMg:
Principal and interest is payable in et)uaL irtstalleents as follows; Beginning
•~n March 15, 1980, the sum of X100.00, and the sane astounL on the same day-of each
month, in each year thereafter,-until the entire _
principal sue oP (5300.00 together With interest, as herein provided, has been paid
in ~iLil.
All payments are to be applied first to interest at the rate. specified herein upon the
principal sue of X5300.00, or so much thereof, as may from time to time remain unpaid
and the balance of each payment shall be applied to principal. -
This note is prepayable in whole or in part at any time without penalty.
This note with interest is second by a rnortg~ge on real estate; of even date herewith, made by the maker hereof in favor of the -
said Payee, and shall be construed and enforo~d according to the laws of the State of Florida - The farms of said mortgage
are by this reference made a part hereof.
~f defsuh bs made in the payment of any of the sums or interest mentioned herein a M said mortgage, or in the performance
of any of flu agreements contained herein or M said mortgage, then the entire principal sum and accrued interest shall at the option of the
holder hanof become at once dos and collectible without notice, time beirq of the essence; and said principal sum and aocrusd inserat shalt
both bear interest-from such time until paid st the highest rate allowable under the laws of the State of Florida Failure
to exercise this option shall not constitute y waiver of tM right to exercise the same in the event of any subsequent default.
Each person liable heron whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice
of dishonor and agrees to pay all oostt, indudirq a reasonable momey's tea, whether suit be brought or not, if, after maturity of this note
or defauh hereunder. or under said mortgage, counsel shall be employed to collect this rate or to protect the secwity of said mortgage.
Wherever used hen in the terms 'holder', 'maker' and 'payee' shall be construed in the singular ar plural ss the context may.
require or admit-
MAKER'S ADDRESS
J ~ ~
r.-.. W W
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AND the mortsator hereby further covenants and agrees to pay promptly whew dne the pdn-
cipal sad iatereat sued other sums of money provided for in said note and this mortsase, or either;
to pay all and a~ulu the taxes, assessments, levies, liabilities, obligatiotra 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 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 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 vv~iiviizg or affecting the option to forecloRp 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 dne and payable,
anything in said note or herein to the contrary notwithstanding. Failure by the mortgagee to exer-
cise any of the rights or op~ona herein provided shall not constitute a waiver of any rights or op-
tions under said npte or this mortgage accrued or thereafter accruing. -