HomeMy WebLinkAbout2561 itAWITOAtiE NOTE - -
iwouMt iocAtw a?n
. ~ 18 18 -
FOR VALUE RECEIVED, the undarsignad, Ilointly and severally, if more than ones promises to pay to
CHARLES B6~W ,und BILBBN M. BBAM, his rife . ~ t
or order, h the marw~er hsreinafar spacHiad, tlta principal sum of '
f
Nine Thousand One Hundred Fifty-Nine and No/t00 li q~i59.p0
. With interest hom~data at tM race of11.~ per cant, per amum on the bahna hom lima to timeremaining unpaid. The Paid principN
and intare:t ahaN be paysble In lawful money of the United Saar of America at Ft, pieroe, Florida
or at~uch plaoa as may hereafter be daaignatad by written notice from the holder to the maker hereof, on the dace and in tht manner following:
' Prinolpal_aad intereati is payable in equal installments as follows: Beginning
on March 18, 1980, the aw of =126.17, and the sass amount on-the case day of each
month, in each year thereafter, until the entire
priraipal aw of 19159.00 together with interest, as herein provided, has.been paid
in full.
;.il paysarrta.are~to be applied first to interest at the rate apeeified herein upon the
prinoipal sw of =9159.00, or ~o much thereof, as may Eros time to ties remain unpaid
and the balance oP each payment shall be applied to prinoipal.
This note 19 prepayable in whole or in part at any time without penalty.
This note with inarest is secured by a mortgage on real estate, of even date herewith, made by the msker hereof in fsvor of the
said Payee, and shall be construed end enforced according to the lays of tM State of Florida The terms of said mortgage
are by this nferenop made a pert hereof.
~t oeiauiz 138 iiii~i iii ~wi ~ii~iii'siii t3f $f s~rtna ~ ::sue:~aa:: r::s:vsr-~s zscic:ss ~ i
i_.-~.~ ~ ir4 f~~'ts=;r-a ~ tl+i per~~v!n~+o~
of any of the apreemantt contained herein or in said mortgage, then the entire principal sum and aaxued interest shall at the option of the.
holder hereof bscane at once due and collectible without notiq, time being of the essence; and ssid principal sum end accrued inarest shall
both bear interest from such time until paid st the highest race allowable under the laws of the State of Florida Fsilun
to exerese this option shall not oorutitua a waiver of the right to exercise the same in the event of any subsequent default.
Esch person'liable heron whether maker or endorser, hereby waives presentment, protest, notice, notion of proast and notice
of dishono? and egress to psy ell costs, including a reasonable attorney's fee, whether suit be brought a not, if, afar maturity of this nos
or defauh hereunder, a under said mortgage, counsel shell be employed to collect this note or to protect the security of said mortgage.
Wherever used hen in the arms 'holder', 'maker' and 'payee' shall bs construed in the si lar or plural as text may
- requiro or sdmit.
MAKER'S ADDRESS t ~
f?9
CHRI AN Q
AND the mortgagor hereby further covenants and agrees to pay promptly when due the prin-
cipal and interest and other sums of money _provided for in ssid note and this mortgage, or either;
to pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of
every nature on said property; to permit,. commit yr 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 nvt 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 policie8 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, atipulationa, 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 ar 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 Stste 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 notwithstt:nding. 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.
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