HomeMy WebLinkAbout1054 2.450.00 ~ Port St. ,I~uCie )ltmCO@~fiD00S Florida I March 26, 1980
FOR VALUE iiECE1VED. the undersigned, (jointly and severally. if more than onel promises to wy to
ALDRICH FOOTS and HA2SL T. FOOTS, his wife '
61 Newton Street, Sauthbo~ro, jya. 01772
or order, in the manner Mreinaher specified, tM principal wm of
Two Thousand Four Hundred Fifty and No/100 it 2,450.001
With interest from dab at tM rob of 1 t .000Qser cant, per annum on tM balance from time to time remaining unpaid. TM said principsl
and interest shall be payable in lawful money of tM United States of America at a~~Ve a~e88
or at such place as may hereafter bs designsted by written notice from tM hokfer to the maker hereof, on tM date and in tM manner foNowitp:
Principal and interest is payable in equal installments as follows: Beginning
on April 26, 1980, the eta of =33.75, and the same amount on the same day of each
month, in each year thereafter, until the entire
principal sum•of 62450.00 together with-interest, as herein provided, has been paid
i» full. •
•All payments are to be applied first to interest at the rate specified herein upon the .
principal sum of 62450.00, or so ouch thereof, as may from time to time regain unpaid
and the balance of each payment shall be applied to principal. .
This note is prepayable in who a or„ in part at any time without penalty.
1~e tact required by Section ,~LO1. of the Florida to es has been d and Proper
stains Y:aNe been affi~oed to/the a ch s ob ga evidenced by
this note. ,
This note with interest is seeur~d by a rtgage r 1 estate, o ven date Mrewit ms by the maker hereof in favor of tM
said payee, and shall be construed end enforced according to tM taws of the ate of Fl i The temps of said mortgage
are by this reference made s part hereof.
If default be made in the payment of any of the wms or interest mentioned herein in said mortgage, or in tM performance
1 of any of the agreements contained herein or in said mortgage, then the entire principal sum and accrued interest shall at the option of tM
holder hereof become at once due and collectible without notice, time being of the essence; and said principal wm and accrued inbrest sMll
both bear interest from wch time until paid at the highest rate allowable under the laws of the Stets of Florida Failure
to exercise this option shall not constitute s waive: of the right to exercise the same in the event of any subssguent default.
Each person lisbb hereon whetMr maker or endorser, hereby waives presentment, protest, notiq, notice of protest end notice
of dishonor and agrees to pay all oostt, idcluding a reasonable attorney's f whether wit be brought or not, if, afar maturity of this note
or default hereunder, or under said mortgage, counsel shall be employ to leer this note or to protect the se~xxity of said mortgage.
Wherever used hen in tM terms 'holder' er' and ' yse' I be construed in tM singulu. or plural as the context may
~ reauin or admit ~ - •
MAKER'S ADDRESS ' 8 PAP
i _ S.
~ ~
~ AND the mortgagor hereby further covenants and agrees to pay promptly when due the grin-
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 suffer no waste, impairment or deterioration
of said land or the improvements thereon at any time; to keep the buildings now or hereafter ot?
said land fully insured in a sum of not less than its fail 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
1 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 cost.R, 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 covenant-s of said note and this mortgage, or
either; in the event the mortgagor fails to pay whin due any tax, assessment, insurance premium or
other sum of money pay able by virtue of said note and this mortgage, or either, the mortgagee may
pay the same, without K~aiving or affecting the option to foreclose or any other right hereunder, and
all such paymentsg shall bear interest from date thereof at the highest lawful rate then allowed by
the laws of the State of Florida.
thirty
IF any sum of money herein referred to be not promptl~• 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 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 nnt~vithstanding. 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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