HomeMy WebLinkAbout1796 (s2,250.00 ~ v Part St. Lucie, Flarida ~ April 28, 1980
FOR VALUE RECEIVED, the undersigned, (jointly and severally, it more than one) promises to pay to
NAVARA K. Sl~[.'PON and MAXIM S. CARTIIt
P.O. Box 5715- Q~arlottesville, VirgiYtla 22905
or order, in the manner hereinafter specified, the principsl sum of
---1TnA 1HOIJSAND ZWO H and No/100------------------------------IS 2, 250.00 1
With interest from date at the rate of 1. WU per cent, per annum on the balance from time to time remaining unpaid. The said principsl
and interest shall be payable in lawful money of the United States of America at the above 8ddC'e83
or at wch place as may hereafter be designated by written notice from the holder to the maker hereof, on tha date and in the manner following:
' Principal and interest is payable in equal installments as follows: ae~~ilmiig May 28, 1980
the sun of $104.88, and the same amouit ut the same day of each month, tt~i each year there-
after, until the: entire principal stm of $2,250.00 together with interest, as herein provided,
has been paid in full. ~ .
All payments are to be applied first int tat the rate specified herein upon the
principal stm of $2,250.00 or so f, as may fran time to time remain uYpaid
and the balance of each payments be lied to print
This note is prepayable in whole in part at t p lty
The tax required~by Section •201.08 f the Sta has been pal and proper stamps
have been affi~oed bo the Mortgage ~ secures the gations ev3den ~by this Note.
This note with interest is secured 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 Florida 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 p?~incipal wm and accrued interest shall
both bear interest from such time until paid at the highest rate allowable under the laws of the Stale of Florida Failure
to exercise this option shell not constitute a wsiver of the right to exercise the same in the event of any wbsequent default.
Esch person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice
of dishonor and egress to psy ell costs, including a reasonable attorney's fee, whether wit 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 hero 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 - A. r
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Ij 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 oti
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, assestiment, insurance premium or
other sum of money payable by virtue of said note and this mortgage, or either, the mortgagee ma~•
pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and
all such pay mentg 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 forthH•ith or thereafter, at the option of the 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-
tions under said note or this mortgage accrued or thereafter accruing.
ea~331 Pd~E17g5