HomeMy WebLinkAbout1612 •...:OW~T~~ ~CCATtiOV CAE
u~nnn_nn ~ Flora A y,3, 198
FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promises to pay to
Clarence N. I~heeler
• c/o Li~thouse Restaurant, 650 S. Clack Avertue, Abilene, Texas. 79605
or order, in th manner hareinaher specified, the principal wm of
Four Thousand, and No/100 IS 4,000.001
With interest from date at the rate of ~ 2.000OQer cent, par annum on the balance from time to time remaining unpaid. The said principal
and interest shall be payable in lawful money of tha United States of America at abOVrr' 838
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 Monthly in equal installments as folloWS: Beginning
on August 7, 1980, the sum of.~105.34, and the same amount on the same day of each
month, in each year thereafter, until the entire
principal sum of =4000.00 together with interest, as herein provided, has been paid
in full.
All payments are to be applied first to i>yt Brest at the rate specified h Bin upon the
principal sum of X4000.00, or so mu h the f, as may f e to t e sin unpaid
and the balance of each payments 1 be pplied pri
This note is prepayable in Whole o in part a time thout 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 laws of the State of Florida The terms of said mortgage
..-e 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
„r any of the agreements contained herein or in said mortgage, then the entire principal sum and accrued interest shall at the option of the
order hereof become at once due and collectible without notice, time being of the.essence; and said principal wm and accrued interest shall
io_n bear interest from such time until paid at the highest rate allowable under the laws of the State of Failure
Florida
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, including a reasonable attorney's fee, whether suit be brought or not, if, after maturity of this note
cr 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 ~ ~
i - . , ,
a David Pat ~ /
N
Belinda D. Page
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 mort~?ge, 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
E 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 costa, 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 mortggge, 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
a the laws of the State of Florida.
IF any sum of money herein referred to be not promptly 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-
case 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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~~34 ~~i~604
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