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2.350.00 I Ft. Pierce, Florida I April 1, 1980 j
fOR VALUE RECEIVED, the undersigned, (jointly and several{y, if more than one) promises to pay to
WALTER N. NELSON and RITA B. NELSON, his wife
1.06 Monterey Drive, Mar~thasset Hills, New York 1040
or order, in tM manner hentnaher specified, the principal wm of
Ttao Thousand Three Hundred Fifty and No/100 IS ~ 2,350.00? -
With inbrest from data at tM raU of ~ ~ , 000ppar cent. par annum on the balsnea from time to lima remaining unpaid. Tha said principal
and interest shall be paysbN in lawful money of tM United Status of America at abOVe 8d~@88
a at wch play as may hereafter be designated by written notka from the holder to tM maker hereof, on the data and in tM marxtar foNowino:
• Principal and interest is payable in equal inatallmenta as follouas 8sginning
on May 1, 1980, the sus of ~51.1~ and the same amount on the same day of each
,month, in each year thereafter, until the entire
principal. sue of >~2350.00 together With interest, a:~ herein provided, has been paid
in full.
All payments are to be applied first to interest at the rate specified herein upon the
principal sum of =2350.00, or ao much thereof, as may from time to time resain unpaid
and the balance of each payment shall be applied to priraipal.
This note is prepayable in Whole or in part at any tine Without penalty.
~e tax required by Section 201.08 of the Flori S paid and
sta»<ps have been affi~aed to the taooartgage which s lions evil edby this
mote.
This note with interest is secured~by a mortgage on reel estate, of even date herewi ,made by the maker hereof in fsvor of tM
said payee, and shall be construed and enforced according to the laws of the State of Florida 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 or in said mortgage, or in the performance
of any of the agreements contained herein or in said mortgage, then the entire principal sum end 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 wm and aocniad inbrest shall
both bear interest from such lima until paid at the highest rate allowable under 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 parson liable heron whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notwe
of dishonor and agrees to pay all costs, including a reasonable attorney's fee, whether wit be brought or not, if, after maturity of this noU
or default hereunder, w under said mortgage, counsel shell toyed to col is or to protect the security of said mortgage.
Wherever used here in the bans 'holder', ' er' red 'payee' be cons ed in the si
require or sdmit rqular or plural as the oonuxt may
MAKER'S ADDRESS ertlfe~811ip
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~ 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
E every nature on said property; to permit, commit or suffer no waste, impairment or deterioration
k 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 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 ~vh~n 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.
thirty
i 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
i 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 notwithstanding. Failure by the mortgagee to exer-
t cise any 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.
8330 P~~ 47"8