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AMOUNT L~ATION~ PATE
~s 2 250.00 Port St. Lucie. Florida 1 28 1980
FOR VALUE RECEIVED, the undersigned, (jointly and severally. if more than one) promises to pay to
JWY S. HII~II90N
113 Campbell Road-Madison, Tennessee 37115
or order, in the manner hereinafter specified, the principal sum of
----TieA THal:S~1I~ID TWO HUVQiF.D FIFTY and No/100-----------------------------It 2,250.00 )
With inbreet from dab at the rab of 11.000per omt, per annum on the balanq from time to time remaining unpaid. The said principal
and interest shall be psysble in lawful money of tM United States of America at the above ad~kes8
or at wch place ss may hereafter be designabd by written notice from the holder to the maker hereof, on the date end in the manner following:
Principal and interest is payable in equal installments as follows: Beg~.ming May 28, 1980
the sum of $104.88, and the same amount on the same day of each month, in each year there-
after, tntil the entire principal sun of $2,250.00 together with interest, as hereby provided,
has been paid in full.
All payments are bo be applied first to interest at the rate specified herein upon the
principal sum of $2,250.00, or so much thereof, as may firom time do time remain Maid -
and the balance of each paym~xtt shall be applied to principal.
'This note is prepayable in whole or Bart at any time without penalty.
The tax required by Section 201.08 of :tt~ Florida Statutes has been paid and proper staq~s
have been affixed to the Mart~ge C1} sectaes the ob one by this Note.
This note with interest is secured by a mortgage on real estate, of ven date herewith, ade by the maker hereof in favor of the
said payee, and shall be construed and enforced according to the laws of the State of Flori 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 a 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 rote allowable under the laws of the State of Florida Failure
to exercise this option shall not constitute s 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 fee, whether wit be brought or not, if, after maturity of this note
or defsult hereunder, or under said mortgage, counsel shall be employed to collect this note or to protect the security of said mortgage.
Wherever used here in the terms 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may _
require or admit.
MAKER'S ADDRESS r ~ .
1 P ~P
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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
j of said land er 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
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
1 or paid by the mortgagee because of the failure of the mortgagot• 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 par ~s•hen 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 promptl~• paid within thirty days next after -
the same becomes due, or if each and every the agreements, stipulations, conditions and covenants
E 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 not~•ithstanding. Failure by the mortgagee to exer-
t else 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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6noK 330 Pa~E 2849