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No t 2.45Q.00
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Port St. Lucie FLORIDA April 28 ig80
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For value received, I or we, jointly and severalty, promise to pay to the order of '
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(IDl~.'IS K. IVY and CAR~.YN F. IVY, his wife
R 13951 Kendale Ike Circle, Apt. 209-A ;
tt Florida 33183 x
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T4+A THOL>SAI~ID Ft7[It H[~tID FIFTY AMID i~/100-------------------------------- r~
tt, LI.ARS
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at the a1XiVt' address , Fbrida, in 120 equal n+oathly itutalhnenb of
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tt 33.75 the fiat instalhnmt to beootne due and payable on
`tt or before the 28th day of Mav 19~, and one imtallment to become due and payable on
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or before the 28th gay of each succeeding month ~intil the whole of said ' wines: is 'd, with interest
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'tt from date at the rate off
lamer annum.
If any installment of this note v not paid at the an ce ' t entire t unpaid shall be
tt due and payable at the election of the holder heroof. All parties ereto, whether er, endorse sut+eties, guarantor,
:z or otherwise, hereby waive demand, notice and protest. If placed in the rands an attorney . r we jointly
and severally agree to pay reasonable attorney's fea. The tax required Seetia[1 1.08 the Flori
Statutes has been paid and proper stamps have been affixed to the 8~ whidi secures
n the obligations evidenced by this note,
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z Due
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(`SCI')
x Address
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~ Telephone No (SEAL)
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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;
r 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 ur 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
6 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, asses.4ment, 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,
anything in said note or herein to the contrary notti•ithstanding. Failure by the mortgagee to exer-
cise any of the rights or options herein provided shall not constitute a waiver of any rights or op-
tions under said note or this mortgage accrued or thereafter accruing.
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x331 P~E~