HomeMy WebLinkAbout0307 AaAOUNT IOC/~T10N DATE
f 2250.00 Florida March 4 1
FOR VALUE RECEIVED, the undersigned, Iloindy and swerally, if'~rtore than creel promises to pay to
MARCHAND C. BLATCHLEY and MARJORIB BLATCHLSY, his Wife
298 Bobolink road, Faacfire Village, Jackson Springs, N, C. 27281 ` ~ l.f '
or order, in the manner heninahsr specified, the principal wm of
Txo Thousand Tt+o Hundred Fifty and No/100 (S 2,250.00
with interest from dace at d?e rab oft ~ .0000 pK ant, per annum on the balance from tints to time remaining unpaid. The ald prirtalpN
u+~± ?^tsnst:ftall be psyable in lawful money of file United SUtee of America at g$
or at such plays ss may hereafter be designaoed by written notice from the holder to iM maker Mreof, on tM date and in file manner following:
Principal and interest is payable in equal installments as follotra: Beginning
on April 24, 1980, the sum of =104.$x, and the same amount on the same day oP each
month, in each year thereafter, until the entire
principal stun of $c250.00 together frith interest, as herein provided, has been paid
in tall.
All payments are to be applied rst to interest at the ratq specified herein upon the
principal sum of X2250.00, or o ~h thereof, may f ime to time remain unpaid
and the balance of each paym t s~ 11 b app o pr 1.
This note is prepayable in W le r a any time Wit ut penalty. ;
Zhe tax required by Section .08 of the da Statist has been paid and proper
statlps have been affixed to the tmrt~ge which sectn~es the obligatia~s evidenced by
this note. ~ _
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 accordin to the laws of the State of ~
9 Florida The terms of said mortgage
are by this reference made a Part hereof. i
If default be made in the payment of any of the wms or interest mentioned herein or in said mortgage, a in the performsnce
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 end collectible without notice, time being of the essence; and said principal wm and socrued interest shall
both bear interest from wch time until paid at the highest rate allowable urxler the laws of the State of Florida Failure
to exercise this option shell not constitute a waiver of the right to exercise the same in the event of any wbsequent default.
Each person liable hereon whether maker or endorser. hereby waives presentment, protest, notice, notice of protest end notice
of dishonor and agrees to pay ell costs, irtduding a reasonable attorney's fee, whether wit be brought or not, if, after maturity of this Holt -
or defsuh hereunder, or under said mortgpe, counsel shall be employed to collect this note or to protect tfte security of said mortgage. I
Wltarewr used hen in 1M »rlns 'holder', ` war' o:,d 'payee' construed in fete singular or plural as tfte context may ~
require or admit,
a Partnership
MAKER'S ADDRESS -
• By
J J
- ~ t ~ r
' W W
M M
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 either;
to par all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of
every nature on said property; to permit, commit or suffer rto waste, impairment or deterioration
of said land or the improvements thereon at am time; to keep the buildings now or hereafter ore
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 parable by virtue of such insurance the murtgagee shall have the right to receive and cep-
ply the same to the indebtedness hereb~• secured. accounting to the mortgagor for any surplus; to
pay all costs, charges, and expenses, including la~vrer'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 anti this mortgage, or -
either; in the event the mortgagor fails to pav whin due any tax, assessment, insurance premium or
other sum of money parable by virtue of said note and this mortgage, or either, the mortgagee may
par the same, tivithout waiving or affecting the ol?tion to foreclose or am other right hereunder, and
al! such payments shall bear interest from date thereof at the highest lawful rate then allowed br
the laws of the State of Florida.
thirty .
IF am 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 covenantsg
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, anti t hip mortgage, or the entire balance unpaid there-
on, shall forthwith or thereafter, at the option of the mortgagee, become and be due and parable,
anything in said note or herein to the contrary nohvithstanding. Failure by the mortgagee to exec- -
cise am of the rights or options herein provided ~ hall not constitute a waiver of am rights or op-
tions under said note or this mortgage accrued or thereafter accruing. .
BOOK ~ PdCE