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HomeMy WebLinkAbout0214 FOR VAs.UE AECE:V>:O, t:~e ~iaoersign^d, (jointly anC srve~atiy, .2 rnrre ;h;,n ;nay promises to pay to RALPH G. BRIER aid MARVEL BUI'iFR, his wife P. 0. Box 551, Navallk, Iowa or order, in the manner hereinafter specified, the principal sum of ~~SAND SDI H[~~ EIGHTY EIGKT and NO/100------------------------- -------------------------------------------IS7, 688.00 l With interest from date at the rate of l4. S°Ia- 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 the aboVB 8dt3Ce8s . or at wch 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: Begirming July 30, 1980 the sum of $180.89, and the same attlotnlt on the same day of each month in each year thereafter until the entire principal stm of $7,688.00 together with interest as herein provided has been paid in full. All payalerrts are to be applied first to interest at the rate svecified herein upon the principal sum of $7,688.00 or so much thereof, as may from time to time relsain unpaid and the balance of each payment shall be applied to principal. Zhis note is prepayable in whole or in part at any time without penalty. Zhe tax r~ec~tired by Section 201.08 of F1, da Statutes has been paid grid proper steeps have been affixed to the Mort sectnes the liga evidenced by this note. This note with interest is secured by a mortgage on re te, of even date he with, made by th maker hereof in favor of the said payee, and shall be construed,and enforced sccording to the laws of the State of Fi 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 of 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 without notice, time being of the essence; and said principal wm and accrued interest shall both bear interest from wch time until paid. at the highest rate allowable under the laws of the State of Florida Failure to exercise this option shall not constitute a waiver of the right to exercise the same 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, inducting a reasonsbk attorney's fee, whether wit be txouyht or not, if, after maturity of this note or defwlt hereunder, or under said mortg~e, counsel shall be employed to collect this note or to protect the security of said mortgage. Wherever used hen in the amts 'holder', 'maker' and 'payee' shall be construed in the sirpular or plural ss the context may require or admit. MAKER'S ADDRESS C.% . . L' J. ~ W ~ ~ W r ~ARBARA A. - BiKl~1 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; 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 yr 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, erect pay able 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 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 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 30 (~riy~lays next after the same becomes due, or if each and every the agreement.4, 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 ~ hall not constitute a waiver of any rights or op- tions under said note or this mortgage accrued or thereafter accruing. . ~~34 P~ 214 z_.