Loading...
HomeMy WebLinkAbout0482 a ~ - - .a - - 2,250.00 ~ ~y Port St. Lucie, >•'lorida IApril 11, 1980 ~ • FOR VALUE RECEIVED, the undersigned. Ilointly and severally, if more than one) promises to pay to J01$1 J. IQABY and EVQ..YN M. 1QABY, his wife 126 Point 0 Woods, Moms River, New Jersey 08753 or order, in the manner hereinsher specified, the principal wm of . ZWO 1IID[xSAI~ID 1~A I~~.D FIFTY AMID NO/100------------------------------K 2,250.00 1 With inbrest from dab at the rat of ll.000Op.r cent. per annum on the balance from limo to time remaining unpaid. The said principal and interest shall be paysbls in lawful money of the United States of America at abo{~le g~sg or at wch place ss may heroafbr be designated by wrirnn notlq from the holder to the maker hereof, on the dab and in the manner following: Principal and interest is able in equal installments as follows : Be~imi>c~g on May 11, 1980, the sun of104.87, and the sane amatnt on the same day of each month, in each year them+eaftez, uttil the entire stm of $2250.00 together with interest, as herein provided, has been paid All payments are to be applied first to interest apt the rate specified herein upon the principal sun of $2250.00, or so much thereof , as mey from time to time remai>`t unpaid and the balance of each payment shall be applied to principal. Zhis note is prepayable in whole or in part at Bony time wit~tout penalty. Zhe tax required by Section 201.08 of the Fl~arida statutes has been paid and proper stamps have been affiaoed to the mortgage which sasses the obligations evidenced by this note. This note with interest is securod by a mortgage on reel estab, of even date herewi scM a maker hereof in favor of the said payee, and shall be construed and enforced according to the laws of the State of j~orjda The terms of said mortgage are by this reference made a part hereof. tf default be mode in the payment of any of the wms or inbrost mentioned heroin or in said mortgage, or in the perforrriance 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 heroof become at once due and collectible without notice, time being of the essence; and said principal wm and soarued inbrost shall both bear interest from wch time until paid st the highest rate allowable under the laws of the State of FlArid8 Failure to exercise this option shell not corutitub a waiver of the right to exercise the same in the event of any wbsequent defwlt. Each person iisble hereon whether maker or endorser, hereby waives presentment, protest, notice, notip of protest end notice of dishonor and sprees to pay all costs, including a reasonable attorney's fee, whether wit be lxou~t or not, if, after maturity of this note or defwlt hereunder, or under said mortgage, counsel be mployed m collect this nob or to protect tM security of said mortgage. Wherever used hen in tfte bans 'holder', 'maker' rod 'pay bt construed in the singular or plural as the oonbxt may require or admit. , a P~lerr8h~ MAKER'S ADDRESS By: ~ sJ . • • M M r' 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 on ~ said land fully insured in a sum of not less than its full insurable value, but in no event less than the c i 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 whin 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 of herein to the contrary notwithstanding. 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 or this mortgage accrued or thereafter accruing. r I . g~330 PEE 482 .