HomeMy WebLinkAbout1167 • FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promises to pay to
fA]Y L. FOX and MARY JAIL Fm{, his wife ,
or order, in tM manner hereinafter specified, the principal wry of
------------FOtIIt ~IOI~D SIX ptl~IlntED and Pb/100------------------------- Is 4,600.00 !
With interest from date at the rate of ~l'~e percent, per annum on tM balsnp from time to time remaining unpaid. The said principal
and interest shell be payable in lawful money of the United Stites of America at ~F964 Vilna Lffile-West P81tD BBACh, FLB.
or at wch place as may hereafter be designated by written notice from the holder to the maker hereof, on the doh and in the manner following:
Prindpal and interest is payable m~tn~lly as• follows:
G?~ May 12, 1981 the stn of $2,300.00 plus interest an the v~rpaid balance and final
installment of $2,300.00 plus interest on the unpaid bal~mzce on May 12, 1982.
All payments are to be applied first to interest at the rate specified herein
the principal stn of $4,600.00, ar so much thereaf~, as may from time to time ~n
unpaid and the balance vn each payment shall be applied to p~rinaipal. .
'Ihe maker of this Note hereby reas~~~, the right of prepayment in whole ar in part .
at any time without penalty.
'Itie tax required by Section 201. of the F1 da paid and Proper
stamps have been affixed to the tg;,a,~e the i evidenced by
this Note.
'I1~e Note holders will release one 1 payniezi of first ins lmait inn the amount -
of $2 300.00 plus i'rtterest on the t~lpS~d balance and the s lot an the final payment.
~ This note with interest is secured by a mdrtgsge on reel estate. of even date here ,made by the maker hereof in favor of the
said payee, and shall be construed and enforced sccading to the laws of the State of FlaridB 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 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 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 fee, whether suit be brought or not, if, after maturity of this note
or default hereunder, or under said mortgage, counsel shell 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 ss the conuxt may
require or admit -
MAKER'S ADDRESS '
P.O. Bacc .4088 .•~a`. ~
Fort Pierce, Florida 33452 < PARiPIA ~ .
~ ~
ir.
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;
~I 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 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 when 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,
f 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-
tions under said note or this mortgage accrued or thereafter accruing.
t ~ ~
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