HomeMy WebLinkAbout1340 MORTGAGI- ~ r TE
AMOUNT - 1 O::ATIC?N GATE
s 30,,000.00 I Ft. Pierce, Florida ~ July 7, 1980
_ L____ -
FON VA1,1!t: RFCEIVEO, the under•,igr?ed, Ij~~intly and severally, it more than or?e) promises to pay to
Harold W. Stelzleni and Marilyn C. Stelzleni, his wife
or order, in the manner hNir.~nattcr sM~e~fierl, the principal sum of ~
Thirty 'lltousand and 00/100 lS 30,000.00 1 .
With interact from date at the r;ra: of 100 Per cent, per annum on the balance frown time to time remaining unpaid. The said principal
and interest shall be payahlc in la•hful mon~•y of the 1.?nitsd States of America at iZR N1, BOX 81-80, Glen Carbon, I11. 62034
or at wch place as may herealt?~r be clesignatr~d by written notice from tl?e holde• to tha maker hereof, on the date and in the manner following:
This Note is payable Monthly in equal installments as follows:
Beginning on August 7, 1980 the sten.of 6264,75, and a like sum payable on the same day
in each month, in each year thereafter, through and including payment of 7 June, 1990.
In addition to the payments provided for above, the entire principal step remaining unpaid,
together with accrued interest remaining unpaid, shall be due and payable on July 7, 1990,
which final payment shall be in the amotmt of 627,243.25.
All payments are to be applied first to interest at the rate specified herein upon the
principal sttm of 63.0,000.00, 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 prepaj?able in whole or in part at any time without penalty.
This Hole with irterest 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 ~.nd enforcr:d according to the laws of the State of Florida The terms of said mortgage
are by this reference made a part he~er~f.
If default tx~ m:,cie in the payment of any of the sums or interest mentioned herein or in said mortgage, or in the performance
of any of the agrrement~ cnr:ra+ned herein or in said mortgage, then the entire p• incipal awn and accrued interest shall at the option of the
holder hereof become a: nnt.r• dire arJ collectible without notice, time being of the essence; and said principal sum and accrued interest shall
~~th bear interest from such tame unfit paid at the highest rate allowable uncle; -the law; of the State of Florida Failure
to exercise this option shalt nut constitute a waiver of the right to exercise the in ttte event of any st:bsequent default.
Each person I~ahlz hereon whether maker or endorser, hereby ~iai;•es presentment, protest, notice, notice of protest and notice
of dishonor and agr;;es to pay all costs, inclriding a reasonable attorney's fee, whether suit be brought or not, if, after maturity of this note
or default hereunder, Or under said mortgage, corrr?sel shall be employed to collect this note or to protect the security of said mortgage.
s
Wherever used here in the t~•ms 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may
require or admit.
~ MAKER'S ADDRESS - - - ~ , _ Q/~~~
Q~avi/~ e o ~ a
''i ~ . - - ~~l
r~g~retMary 1C~ rl~io~~~r
l'
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 taxe$, 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
I 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-
i 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, as.4essment. insurance premium or
other sum of money pay able 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
F 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 dtte, 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 shall not constitute a waiver of any rights or op-
tions under said note or this mortgage accrued or thereafter accruing.
s
i
8(>~(~~ Pe6E1~
i