HomeMy WebLinkAbout1491 ~N~TI1LLMtNT NO?t 1,AMC0 /011M
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Port St . Lucie FLORIDA, April ~ 19 ~
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• For value received, I or we, jointly and severally, promise to pay to the order of
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a P. 0. BOX 338
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FTFI~I TE1~SArID FIVE HII~2ED Ai~ID N0~100----- - -----ix~I.LAR$
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a ~ Fbrida, in_S~tu+1 r+oathly installments of
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j 161.46 each, /and one installment of the first installment to become due and payable on
°u or before the day of ~ 19-, and one installment to become due and payable on
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- or before the_ 30th day of each succeeding month until the whole of said indebtedness is paid, with interest
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from date at the rate of~~per annum.
If any installment of this note is not paid at the time and place specified, the entire amount unpaid shall be
F due 'and payable at the election of the holder hereof. All parties hereto, whether makers, endorsers, sureties, guarantors,
or othennse, hereby waive demand, notice and protest. If placed in the lwnds of an attorney for collection we jointly
and severally agree to pay reasonable attorney's ices. the tax required by Section 201.08 of the Flori
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Statutes has been paid and .proper sta®ps have been affixed to the trtgage which secures
the obli~tians evidenced by this note. Zhe makers of this note herein reserve the right
o D prepa}m~nt in whole or in part at arty time without penalty . -
(SEAL)
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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
every nature on said property ; to permit, commit or suffer no waste, impairment or deterioration
i 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 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 far any surplus; to
pay all costs, charges, and expenses, including 1-a~vyer's fees and tide 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 clue any tax, assessment, insurance premium. or
other sum of money payable by virtue of said note and this mortgage, or either, the mortgagee may
I pay the same. without waiving or affecting the ol?tion 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 y
IF any sum of money herein referred to be not promptly paid within da s next after ?
the same becomes due, or if each and every the agreements, stipulations, conditions and covenantsg
of said note and this mortgage, or either, are not fully performed, complied with and abided by. '
E then the entire sum mentioned in said note, and this mortgage, or the entire balance unpaid there-
F 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 nc?t~~•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 or this mortgage accrued or thereafter accruing.
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