HomeMy WebLinkAbout1101 _ _ ~ --t ~ -
2. X50.00 ~o ~St Erie ~booBaeQOet! Florida _ March 24. 1980 1
FOR VALUE RECEIVED, the undersigned. (jointly and severally, if more than one) promises to pay to
CLIFFORD B. KNOiILBS and ROSELSBN T. RNONI,ES his Wife
16040 E. Z~+oact Circle, Miald Lakes, Fla. 3014
or order, in the manner hereinafter specified, the principal wm of
Trio Thousand Three Hundred Fifty and No/100 ~ l= 2.350.001
With inbrest from dab at the rob of ~ ~ .000OP~ and Per annum on the balance from time to time remaining unpaid. The said principal
and interest shall be payable in lawful money of tM United States of America at abOW@ ad~ces8
or at wch plea as may henafbr be designabd by writbn notice from the holder to the maker Mreof, on the dab and in tM manner following:
Principal and interest is payable in equal inatallsents as follows: Beginning
on April 24 , 1980, the sus of X51.1, and the cants asr_+~trt on the ease day of each
month, in each year thereafter, until the entire
principal sum of X2350.00 together with interest, as herein provided, has been paid
in full.
All payments are to be applied first to interest at the rate specified herein upon the
principal stmt of =2350.00, or ao such thereof, as say from tine to time remain unpaid
and the balance of each payment shall be applied to prinoipal.
This note ice.prepayable in whole or in part at aAy time without penalty.
'IIie tax required by Section 1.08 of the Florida P~eviden~
s have been affi~aed to , tnc~rtgage ch s ~ the
this
note. '
This note with interest is secured by a mortgage on reel b, of ev date herewith, ms~e the maker hereof in favor of the
said payee, and shall be construed and enforced~~ording to the laws of the Stat f Flori The terms 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 a in said mortgage, or in the performance
of any of the agreements contained herein or in said mortgage, then the entire principal sum and aocn~ed interest shall at the option of the
holder hereof become at once due and collectible without notia, time being of the essence; and said principal wm and accrued inbrest shall
both bear interest front'wch time until paid at the highest rate allowable under the laws of the State of Florida Failure
to exercise this option shell not eonstituta s waiver of the right to exercise the same in the event of any wbsequsnt defwlt.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of probst end notice
of dishonor and agrees to pay all costs, including s reasonable attorney's fee, whether wit be brought or not, if, after maturity of this nob
or default hereunder, or under said mortgage. counsel sh 1 be employed to Ilea this note or to protect tM security of said mortgage.
Wherever used hen in the bmu 'holder' ma er' and 'pay shat construed in the sirqulsr or plural as the conbxt may
require or admit pa~rship
MAKER'S AD~'RESS
' J J
S. rVWGLa
N M
' * _
I` AND the mortgagor hereby further covenants and agrees to pay promptly when due the prim- _
' tips! 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 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 payable to, said mortgagee, and in the event an~• 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 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 mortgage 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.
thirty
1F any sum of money herein referred to be not promptly paid within day s 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 note+•ithstanding. Failure by the mortgagee to exer-
cise any of the rights or options herein provided ~ hall not constitute a waiver of any rights or op-
tions under said note oT this mortgage accrued or thereafter accruing.
F
n
aoai ~ PecE~~, ~