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AMOUNT 106AT10N ~ DATE
s 30,000.00 j~ort Pierce, Florida 33450 E~ebruary 22, 1980
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FOR VALUE'AECEIVED, the u isigned, (jointly and severally, if more than onel promises to pay to
WILLIAM M. ICILLY and IDA M. K1~l.Ll', his wife
` 21 North I?baiheim Street, York, Pennsylvania 17402
or order, in the manner hereinaher specified, the principal sum of
Thirty Thousand and no/100-------------------------------------------------(530,000.00 1
With ipterest from date et the rate of 11.5000 per 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 Ar+erica at Fort- Pierce, Florida 33450
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:
'T'his Note is payable in 35 equal installments of $297.09 beginning of March 22, 1980 and one
pa~~nent on the 22nd of each month until the entire principal stun of 630,000.00 together with
interest, as herein provided, has been paid in full.
In addition to the payments provided for above, the entire principal sttm remaining unpaid,
together with accrued interest remaining unpaid, shall lie due and payable on Febntary 22,
1983 which final payment shall be in the amount of 629,887.12.
All payments are to be applied first to interest at the rate specified herein upon the
principal sum of 630,000.00, or so much thereof, as may from time to, time remain unpaid and
the balance of each payment shall be applied to principal.
"Phis note is prepayable in wfiole or in part at any time without penalty.
:1 Late penalty of 4g of the Principal and Interest payment will be assessed if payment is
riot received within 15 days of the above specified due date.
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 payee, and shall be construed and enforced according to the laws of the State of Florida. The terms of said mortgage `
are by this reference made a part hereof.
tf default be made in the payment of any of the sums 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
tenth gear interest from such time until pe~r1 at the highest rate allowable unde• the laws of the State of Florida 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 a 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 /1 / L'~
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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 said note and this mortgage. or eithet•;
to pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of
ill 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 ou
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 la~~•~•er's fees and title searches, reasonably incurred
- or paid by the mortgagee because of the failure of the mortgagor to prompti~• 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 pa~•able by virtue of said note anti 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 paymenbg shall bear interest from date thereof at the highest lawful rate then allowed by
the laws of the State of Florida.
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IF any sum of money herein referred to be not prumptl~• paid within days next after i
the same becomes due, or if each and every the agreementls, stipulations, conditions and covenanhs ~
of said note and this mortgage, or either, are not fully performed, complied with and abided by.
it 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 contran• notwithstanding. Failure by the mortgagee to exer-'
else any of the rightQ or options herein provided ~ hall not constitute a waiver of an}• rights or op-
tions under said note or this mortgage accrued or there after accruing.
Mortgagor shall furnish to Mortgagee copies of all paid real estate tax receipts within
three {3) months of the date same are issued.
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