HomeMy WebLinkAbout0304 AMOUNT LOCATION ~ OAT!
= 2,250.00 Part St _ Lucie £Axat. Flairida March 24 , 1980 I
FOR VALUE RECEIVED. the undersigned, (jointly and sev~rslly, if more than one) promises to pay to
MARCHAND C. BLATCHLEY and MARJORIB BLATCHLBY, his wife
298 Bobolink Itvad, Foocfire Village, Jackson S~ritaga, N, C. 27281, f . , •
or order. in the manner hereinsher specified, the principal wm of
Ttto Thousand Two Hundred Fifty and No/100 It 2~250~00 1
With interest from date at tM rata oh 1.0000 PK ~L Per annum on the balance from time to time remaining unpaid. TM said principe>f
and interest shall be payable in lawful money of 1M United States of AnNrica at aj~~ ,gg
or at wch place ss may hereaher be designated by written notion hom the holder to the maker hereof, on the data and in Un mamar fdlowirlo:
Principal and interest is payable in equal instalLenta as follows: Beginning
on April 24, 1980, the stn of =104.87, and the same'~ount on the aaa+e day of each
month, in each year thereafter, until the entire
principal sty of ;2250.00 together with interest, as herein prodded, has been paid
in full.
All. payments are to be applied first to interest at the rate specified herein upon the
principal sum of 32250.00, or so such thereof, as tray from tine to tine resale unpaid
and the balance of each pageant sha~l be applied to principal.
This note is prepayable in whgle or~in part at any tine without penalty.
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The tax required by Section '01.08 of paid and pznper
staQps gave been affixed to the mg~~g t„~ich s t~,ons evidenced by
this note. -
This note with interest is secured by a mortgage on rest estate, of even date he •th, madt by the maker hereof in faror of the
said payee, and shall be construed and enforced according to the laws of the State of - Florida The teens 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 wm and aoaued 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 psi6 at the highest rau allowable under the laws of the State of Florida Failure
to exercise this option shall not constitute a waiver of the right to exercsse the same in the event of any wbsequent default.
Each person liable hereon witetMr maker a endorser, hereby waives presentment, protest, notice, notios of protest and notice
of dishonor and agrees to pay all costs, indudirg r reasonable attorney's fee, whether wit be brought or not;. if, after maturity of this note
or defwlt hereunder, or under said mortgtge, counsel shall be employed to odleet this note or to protect the sraxity of said mortgage.
VYharever used hero in the terms 'holder', ' and 'payee's construed in the singular or plural as tM oonmct may
require or admit. L~S.9 a Pardrlership
MAKER'S AOORESS
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I AND the mortgagor hereby further covenants and agrees to pa}• promptly wneu uue uie pnn-
cipal and interest and other sums of mone}• provided for in said note and this mortgage, or either;
to pa}• all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of
ever}• nature un said propert}• ; to permit, commit or suffer no ~ aste, impairment or deterioration
of said land or the improvements thereon at any time ; to keep the buildings Hove 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 pay at,le to, said mortgagee, and in the event and sum of mone}•
becomes pa}•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
pay all costs, charges, and expenses, including la+v}•er's fees and title searches, reasonably incurred'
or paid b}• the mortgagee because of the failure of the mortgagor to promptl}- 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}• ~+•h~n clue and tax, as..essment, in~uranee premium or
other sum of move}• pa}•able by virtue of said note and this mortgage. or either, the mortgagee ma}•
pa}• the same, without +vaiving or affecting the oj,tion to foreclose or any other right hereunder, and
all such payments shall bear interest from date thereof at the highest lawful rate then allowed b~
the laws of the State of Florida.
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 every the agreements, stipulations, conditions and covenants
of said note and this mortgage, or either, are not full}- performed, complied +rith and abided b..
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,
an}•thing in said note or herein to the contrar.• not+vithstanding. Failure b}• the mortgagee to exer-
cise an}• 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.
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