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NIORTOAOE NOTE
AMOt1HiR LOCATION GATE
s 1 000.00 Fort Pierce, Fla. 33450 3/24/80
FUR VALUE RECEIVED, the undersigned, (jointly and severalty, if more than one) promises to pay to
Patrick McCabe '
1923 Royal PaLn Drive, Fort Pierce, Fla. 33450
or order, in the manner hereinafter specified, the principal sum of
One Thousand dollars and 00/100--------------------------------- (51,000.00
With interest from date at the rate of 18.00 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 America at 1923 Royal Palm Drive, Fort Pierce, Fla.
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 Installments of 691.68 beginning on April 24, 1980 and.
on the same day of each suceeding month thereafter for 12 months or until the
Principal Sun. of 61,000.00 plus interest has been paid in full. '
The maker of this Note herein reserve the right of prepayment ~in whole or in part
at any time without penalty.
The Tax required by Section 201.08 of the Flooida Statutes has been paid and proper
stamps have been affixed to the mortgage which-secures the obligations evidenced by
this note.
This note witfi 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 sfiall be construed and enforced according to the laws of the State of Florida
are by this reference made a part hereof. The terms of said mortgage
if 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 agreemenu contained herein or in said mortgage, then the entire princit~al 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 such time until paid at the highest rate allowable under the laws of the State of Florida
to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent default. Failure
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice
of dishonor and agrees to pay alt 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
Q 1 lam eac
r•iai y oar. tseacfl °0
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 pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of
every nature on said property; to permit, commit or stiffer 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 rn8t$~ cltttrgP4, and expenQes, 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 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 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.
IF 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 notv?•ithstanding. 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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