HomeMy WebLinkAbout1800 ..n.vam, ' ~wn~w~
s 2 Port St. Iucie ..Florida ~ ^ •Mav 1. 1980
FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promius to pay to ,
WILLIAM Q~ A~90N
or order, in the manner hereinaher specified, the principal wm of
------Zta0 ~ou~s~t~ zwO F1F1~ and No/100--------------------------(s 2,250.00 1
tivith interest from date at the rate of 11.000 per cent, per annum on the balance from time to time remaining unpaid. Ths said principal
and interest shall be payable in lawful money of tM United States of America at 2000 Old U. S.Nwy.41, KesnZesaw,. Georgia3~i~~:
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 following:
Principal and interest is payable in equal ihstallnlents as follows:
Begtrtnit~g Jurye 1, 1980 the sun of $104.88, and the same anaxzt oct the same day of each
month in each year thereafter tntil the entire principal stm of $2,250,00 together with
interest as herein provided has been paid in full.
All payments are to be lied first to interest at the rate specified herein tlpart the
principal sun of. $2, ZSO.00, or so mulch thereof, as- may from time to time rain paid •
and the balance of each payment shall be applied to principal.
phis note is prepayable in whole or ih part at any time without penalty.
i
'Ihe tax required by Section 201.08 of the. F1 Statutes has been paid and proper '
s tanops have been affixed to the Mortgage whi laecu~es the obligations evidenced by .
this note.
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This note with interest is secured by a mortgage on real estate, of even date herewit , ode by the maker hereof in favor of the
said payee, and shall be construed and enforced according to the laws of the State of Fl da 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
o. 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 widtout notice, time being of the essence; and sgid principal wm and accrued interest shalt
both bear interest from wch time unfit paid at the highest rate allowable under the laws of the State of Florida Failure
to exercise this option shalt not eonstitute s waiver of the right to exercise the same in the event of any subsequent def~Ult.
,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 default 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 urrns 'holder', 'maker' and 'payee' shall be construed in the singular or plural as to t may '
require or admit.
MAKER'S ADDRESS
A Partnership
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AND the mort a or hereb further covenants and a tees to •
g g Y g 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 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 laws•er's fees and title searches, reasonably incurred
or paid by the mortgagee because of the failure ~f 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 whin due any tax, assessment, insurance premium or
other sum of money pay able 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 Qum of money herein referred to be not promptly paid within thirty days next after
the same becomes due, or if each and every the agreemen>"g, stipulations, conditions and covenani4
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- i
on, shall forthwith or thereafter, at the option of the mortgagee, become and be due and payable, s
anything in said note or herein to the contrary notv,•ithstanding. 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.
. • ~~~31 P~17~9 .