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IS 2,800.00 ~ Ft. Pierce. Florida ~MaY 28. 1980 1
POR VALUE RECEIVED. the undersigned, (jointly and severally, if mure than one) piomises to pay to
ARCHIE CLARKE and JANET CLARKE, his wife
~45 S~ndia Drhive Port l~uci~,, F~orid~ 33452
ar or er, in a manner erernafter specrfred, t e pnncrpa sumo
TWO Thousand, Eight Hundred and No/100 1S 2,800.001
~Yith interest fiom date at the rate of 12.OOOOper cent. per annum on :he balance irom time to time remaining unpaid. The said principal
and interest shall be payable in lawful money of the United States of Amer;ca at Ft. Pierce, Florida
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 installments as follows: Beginning
on June 28, 1980, the sutra of X62.29, and the same amount on the same day of each
month, in each year thereafter, until the entire
principal sum of x2800.00 together with interest, as herein provided, has been paid
in full.
All payments are to be applied first to interest at the rate specified herein upon the
principal sum of X2800.00, or so much thereof, as may from time to time remain unpaid
and the balance of each payment shall be applied to principal.
This note is prepayable in whole or impart at any time without penalty .
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This note with interest is secured by a mortgage on real estate, of even riatc! 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 sums or interest rienGoned herein or in said mortgage, or in the performance
of any of the agreements contained herein or in said mortgage; then the entire ter in+:i~:at sum and accrued interest shall at the option of the
holder hereof become at once due and collectible without notice, time being of tt,e essence: and said principal sum and accrued interest shall
both bear interest from such time until paid at the highest rate allowable under the iavrs of the State of Florida Failure
to exercise this option shall not constitute a waiver of the right to exercise the sarr,e in the event of any subsequent default.
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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 j
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 terms "holder', 'maker' and 'payee' shall be construed ;n the singular or plural as the context may .
require or admit.
MAKER'S ADDRESS
"Q THOMAS CRONES a
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ANU the mortgagor hereby further covenants anu agrees to pay promptly when sue the pnn-
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, ievies, liabilities, obligations and encumbrances of
every nature on said property; to permit, commit or suffer no ~saste, 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 law}•er's fees and title searches, reasonably incurred
or paid by the mortgagee because of the failure of the mortgagor to promptl}• and fully comply
with the agreements, stipulations, conditions and cvvenant.5 of said note and this mortgage, or
either; in the event the mortgagor fails to pay «•h~n 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 paymentsg 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
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 pay able,
anything in said note or herein to the contrary nr,t~vithstanding. 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.
B(1QK PItGE