HomeMy WebLinkAbout0985 MORTGAGE NOTE
AMOUNT LOCATION GATE
s ~ , June 2, 1980
FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promises to pay to
Charles A. Urso ,•-a single person
or order, in the manner he?einafter specified, the principal sum of +
One lttousand, and No/100 lS 1,000.00)
With interest from date at the rate of 15.000Opef cent, per annum on the balance from time to time remaining unpaid. The said principal r
and interest shall be payable in lawful money of the United States of America 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 tollowing:
Principal and interest is p~?able in equal installments as follows: Beginning
on June 15, 1980, the sum of =90.26, and the same amount on the same day of each
month, in each year thereafter, until the entire
principal sum of X1000.00 together with interest, as herein provided, has been paid
in ttit11.
All payments are to be applied first to interest at the rate specified herein upon the
principal sum of x1000.00, 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 in part at any time without penalty.
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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
li 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.
i If default be made in the payment of any of the sums 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 p~ incipal sum and accrued interest shall at the option of the
holder hereof become at once due and collectible without notice, time being ~f the essence; and said principal sum and accrued interest shall
i both bear interest from such time until paid at the highest rate allowable under the laws of the State of Florida Failure
to exercise this option shalt not constitute a waiver of the right to exercise the same in the event of any subsequent 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 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 in the singular or plural as the context may
require or admit-
MAKER'S ADDRESS -
a Henry. Edward Tate a
W W
N N
vertu the mortgagor Hereby iurtfaer covenants and agrees to pay promptly when due the prim- ~
cipal and interest and other soma of money provided for in said note and this mortgage, or eithet•;
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- g
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 prom tl thirty
p y paid within 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 notwithstanding. 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.
8332 P~ 984
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