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. :Uu:JT LOCATION DATE
5 , 500.00 I Port St . Lucie, Florida Jtme 30, 1980 ~
FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than a~el promises to pay to .
IRIS M. NEAZH
7536 Chipewa Street, Panama City. Florida 32401
• or ord_e_r, in the manner hereinafter specified. the principal sum of
FIVE THOiJSF~ID FIVE H[)rIDRID AMID NO/100--------------------------------------IS 5,500.00 1
~'/ith interest from date at the rate of ~.0% 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 ab(7Ve 8ddresS
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:
Begirming July 30, 1980 the stm of $122.35, and the same anat,~tt on the same day of each -
manth in each year thereafter until the entire principal sum of $5,500.00 together with
interest as herein provided has been paid in full.
x:11 payments are to be applied first to interest at the rate specified herein upon the
principal sun of $5 ,500.00 , or so much thereof , as may from time to time remain tnpaid
and the balance of each payment shall be applied to principal.
Zhis note is preparyable in whole or in part at any time ~~ithout penalty.
The tax required by Section 20 08 f the Florida Statutes been paid and proper
staQps have been affi~oed to nn gage which s the ob gations evidenced by
this note. f
This note with interest is secured by rtgage on real esta , of even date her wi h, made by the maker hereof in favor of the
said payee, and shalt be construed and enforced according to the laws o e State of Fl 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 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 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 sum and accrued interest shall
both bear interest from wch time until paid at the highest race 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 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 temps 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may
require or admit. ~
MAKER'S ADDRESS
P.O. Box 4088 .,.t
Fort Pierce, Fla. 33450 ~ PARiIP - ~ a
W
to
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 thin 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 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 promptl3• 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 payments4 shall bear interest from date thereof at the highest lawful rate then allowed by
the laws of the State of Florida.
1
IF any sum of money herein referred to be not promptly paid withinthitty (30~iays 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.
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a~334 PEE 665