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HomeMy WebLinkAbout1104 v.-.v~ ,.v , AMOUNT LOCATION GATE t 52,000.00 Fort Pierce, Florida June 3, 1982 fOR VALUE RECEIVED. the undersigned, (jointly and severally, it more than one) promises to pay to Blanche K. Hamilton, a single person or order, in the manner hereinaher specified, the principal sum of Fifty-Two Thousand, and No/100 lS 52,000.00 1 With interest from date at the rate of 12 per cent, per annum on the balance from time to time remaining unpaid. The said principal and interest shall be payable in lawful money of the United States of America at Fort 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: On or before 2 years from date the principal sum of $52,000.00 together with interst as herein provided shall become due and payable. This note is prepayable in whole or in part at any tithe without penalty. 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 taws 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 mentioned herein or in said mortgage, or in the performance of any of the agreements contained herein or in said mortgage, then the entire ~~r~ncit?al 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 principal sum and accrued interest shall both bear interest from such time until paid at the highest rate allowable under the la~~s of the State of Florida Failure to exercise this option shall not constitute a waiver of the right to exercise the sarne in the event of any wbsequent 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 ^_r default hereunder, or under said mortgage, counsel shall be employed to co{lect 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 mer Hast a W H Beatrice G. sty ~ ARID the mortgagor hereby further covenants and agrees to pay ,promptly when ue the prince ~ 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 ail 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 compl}• 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 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 covenantsg 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 t he mortgagee, become and be due and pay able, 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. X332 P~~.103 .