HomeMy WebLinkAbout2850 AMOUNT IOC~ATION OATt
~s 2, 250.00 ~ Port St. I~i.e., Florida _ May 1,, 1980 I
FOR VALUE RECEIVED, the undersigned, ijointly snd severally, if more than one) promises to pay to
F~tIN FZ~EDQ~R DARI~~1 ~ .
or order, in the manner hereinaher specified, the principal sum of
----11x0 1H~IkSAI~ID 1GA HI~DI~D FIFTY and No/100---------------------------- f3 2,250.00 1
With interest hom daft at the rob of 1]„Q()Q per otnt, per annum on the belan f ti~L
o time remaining unpaid. The said principal
and interest shall be paysble in lawful money of the United States of America at ~ le 8 8
or at wch place u may hereafter be designated by written notice from the holder to t aker re~f,~~~ets sn~m manner fdlowing:
Principal and interest is payable in equal installmeits as follows:
Beginning Jtx><e 1, 1980 the sum of $104.88, and the sane anaatt an the same day of each
month in each year thereafter until the entire principal sum of $2.250.00 together with
interest as harem provided has been paid it full.
All paym8nts are bo be applied first to interest at the rate specified herein opal the
principal sum of $2,250.00, or so much thereof, as may .from time to time remain inpaid
and the balance of each pa}>lnent shall be applied bo principal.
This note is prepayable in whole or in part at ~ry ~ without penalty.
The tax requdred by Section 201.08 of the F~da• /Statutes has paid an proper
staffs have been afft~aed to the I+brtgage which secta~es obli oed by
this note.
This note with interest is secured by a mortgage on real estate, of even date her ith, made by the . ~ r hereof in favor of the
said payee, and shall be construed and enforced according to the laws of the State of FlOr3-da a 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 tha 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 Florid 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 Kenton whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice
of dishonor and agrees to pay all costs, including a raasonabk attorney's fee, whether wit be brought or not, if, after maturity of this note
or dafwlt 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 terms 'holder', 'maker' snd 'payee' shall be construed in the singular or plural as the context may
require or sdmit
MAKER'S ADDRESS
J Partnership
N •
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
i 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
t either; in the event the mortgagor fails to par whin due any tax, assessment, insurance premium or
s other sum of money payable by virtue of said note and this mortgage, or either, the mortgagee may
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n pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and
all such payment.4 shall bear interest from date thereof at the highest lawful rate then allowed by
~ the laws of the State of Florida.
thirty
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
P 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 t he mortgagee, become and be due and payable,
anything in said note or 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-
lions under said note or this mortgage accrued or thereafter accruing.
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