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HomeMy WebLinkAbout1502 • a AMO~MIT IODATION DATE : 3,000.00__-_ Part St. hucie,.Fl~rida April 30. 1980 FOR VALUE RECEIVED, the undersigned, (jointly and severally, ii more than one) promises to pay to EZZIABL'1H M. ?ARDF.R r• ' . or order, in the manner hereinaher specified, the principal sum of TNOL~SAi~ID and I~b~100----------- --------------------------------------------------------------------------IS3 000.00 With interest from data at the rats of lt~ per cent, per annum on the balance from time to time remaining unpaid. The said principa) and interest shall be payable in lawful money of the United States of America at 744 Altura Street, .Port St. IaiCie, 2 or at such place as may hereafter be designated by written notice from the holder to the maker hereof, on the date and in the manner foil Principal and interest is payable in equal installmetttts as follows: BgB~S May 30, 1980 the sun of $63.75, and the sane anaYtt on the sane day of each month in each year thereafter until the entire principal sun of $3,000.OOtogether with interest as herein provided has been din full. All payments are to be applied first o terest at the rate specified herein upon the principal stm of $3,000.00, or thereof, as may from time to time renain unpaid and the balance of each t shall be applied to principal. Phis note is prepayable in whole in part at any time without penalty. Zhe tax required by Section 201.08.of the Florida Statures has been paid and proper stamps have been affi~oed to the Mortga,~e which secures the obligations evidenced by this note. . This note with interest is secund by a mortgage on real estate, of even date herewith, made by the maker hereof in favor of the said payee, and shall be construed and enforced according to the laws of the State of The terms of said mortgage ire 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 and 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 accrued interest shall both bear interest from wch time until paid at the highest rate allowable under the laws of the State of Florida Failure to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any wbsequent default. Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice of dishonor and agrees to pay all costs, including a reasonable attorney's foe, whether suit be brought or not, if, after maturity of this note or defwlt hereunder, or under said mortgage, counsel shall be employed to collect this note or to protect the security of said mortgage. Wherever used hen in the temps 'holder', 'maker' and 'payee' shall be constnued in the singular or plural as the context may require or admit. - MAKER'SADDRESS ~ _ d - i J ~ ~ J fA j AND the mortgagor hereby further covenants and agrees to pay promptly when due the prin- ~ 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 amount secured by this mortgage, in a company or companies acceptable to the mortgagee, the pol- icy or policies to be held by, and pay able 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 1 either; in the event the mortgagor fails to pay ~r•h~n clue any tax, assessment, insurance premium or other sum of money pa}•ahle by virtue of said note and this mortgage, or either, the mortgagee may g pay the same, without K•aiving or affecting the olition to foreclose or any other right hereunder, and all such payment4 shall bear interest from date thereof at the highest lawful rate then allowed by the laws of the State of Florida. j 1F 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 agreement, stipulations, conditions and covenants y 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, anti 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 nr?tsvithstanding. 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. t f 801~f ~ PAGE1494 .