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HomeMy WebLinkAbout0233 . i~ MORTOAOE NOTE ~ AMOUNT LOCATION DATE s 4 Ft. PiEi•t`n E'lo?•i~a FPh?•tt;,r i? it?P FOR VALUE RECEIVED, the undersigned, (lointly and severalty, if more than one) promises to pay to ~ ~ EDNARD WILLIAM DOYLF. an9 IRENE F. DOYLE, his wife or order, in the manner hereinafter specified, the principal sum of Four Thousand and No/100 ~ tS 11,000.00) With interest from date at the rate of l0.000fPer cent, per annum on the balance from time to time remaining unpaid. The said principal and interest shall be payable in lawful money of the United States of America at Ft . Pi Prce , ] on rsa or at such place as may hereafter be designated by written notice;from the holder to the maker hereof. on the date and in the manner following: Principal and interest is payahle in equal irstallmPnt~ as fol]ohrs: Bepinninp on March 22, io$0, the sttm of 3129.07, anrs the same 2mount on the same clay of each month, in each year thereafter, until the entire principal sum of X4000.00 together with interest, ac herein providers, has been paid in full. All payments are to hP applied firs*, to interest at the rate specifiers herein upon the principal sttm of 34000.00, or sc+ much thereof, as may From time to time retain unpaid and the balance of each payment shalt he applir~d to Principal. Thia note is prepayable in tahole or in part at env time without penalty. This note with interest is secured by a mortgage on real estate, of even date herewith, made by the maker hereof in favor of the said payed, snd shall be construed and enforced according to the laws of the State of Florie~a The terms of said mortgage are by this reference made a part hereof, If default be made in the payment of any of the wms or interest mentioned herein or in said mortgage, or in the performance of any of the agreements contained herein or in said mortgage, then the entire principal sum and accrued interest shall at the option of the holder hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued interest shall both bear interest from wch time until paid at the highest rate allowable under the laws of the State of Ft prj r!a Failure to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default. Each-person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice of dishonor and agrees to pay all costs, including s 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. Wherever used here in the terms 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may = require or admit, MAKER'S ADDRESS a GEORGE. R. fr'AL~ER a • W W N N I.URI.IP:F, M. HAI,ICF.R AND the mortgagor hereby further covenants and agrees to pay promptly when due the grin- i cipal and interest and other sums of money provided fur in said note and this mortgage, or either; to pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrance4 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 yr 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 pay able 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 f 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 pa~• when due any tax, assessment, insurance premium or other sum of money. payable by virtue of saki 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. 1 thirty IF any sum of money herein referred to be not promptly paid within days next after the same becomes due, or if each and evert 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 t he mortgagee, become and be due and payable, ~ anything in said note or herein to the contrary nnts~•ithstanding. Failure by the mortgagee to exer- cise any of the rights or options herein provided ~ hall not constitute a waiver of any rights or op- tions under said note or this mortgage accrued or thereafter accruing. ORe~e~ 6~ v~U PaGE .