HomeMy WebLinkAbout0738 ! rrdUr:r.:v~ ~ 1.0[,ATION GATE
r 2~~~~~~__. ~ Ft. Pier~ea„glerida __.Iulr,Y 11a~ 198!1
FCIi VAl.t1E//RLCEIVEU, the undersigned, (jointly and severally, if more than ontl promrws to pay to
Lora J. Goodwin; /abd/~a~i~nn~
~i~oint Gecser~ts with right of atavivorship -
c/o Paul Burry, 3~1 Oak, Mattoon. iTlt~is 619:313
or ordrr, in tna n,a~u~r r,erairr~her specified, the principal wm of
Twenty-Three Thousand, and No/100 is 23x000.001
'1J'tn ~nr:::~: from c+ate at ttra rate of 10.000O~er u:nt, per annum on thb balanq fro.'rt time to time remsimng unpaid. The card principal
e•~d iia~~~cst a:ar' ~ f,yat,te Sri iavrful money of the United States of America at th@ gj~~s a~gag
r at 1:~..•a: may r?ere~i ter tie c:esignaU:d by written notice from the holder to the maker hereof, on the date snd in the manner following:
Principal and interest is payable Monthly in equal installments as follows: Beginning
• on August 11, 1980, the sum of X247.17, and the same amount on the same day of each
month, in each year thereafter, until the ent re
principal sum of =23000.00 together with i eat, as herein provided, has been paid
in full.
All payments are to be applied first to interest at the rate apeeified herein upon the
principal atnn of 323000.00, or ao much thereof, as may from time to time remain unpaid
and the balance of each payment shall be applied to principal.
This note is prepayable in whole or in part at any tLne without penalty.
Thi=. nc:F v~;;h :^~=:r,:st is secured by a martgage on real estate, of even date herewith, made by the maker hereof in favor of the
_ pay.e, ar,d shat! i,e construed and enforced according to the laws of the State of glorida - Th~termt of said mortgage
. by ;h+s reference m: de 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
;any of the agreeinen;; cantainEd herein or in said mortgage, then the entire p?iricipal sum and accrued interest shalt at the. option of the
i -~i,:er Hereof become at oncr clue and collectible without notice, time being of the essence; and sail! principal sum and accrued interest shall
::r borer interest from each time until paid at the highest rate allowable under the lavn of the State of Florida Failure
.o cxercise this option saaEl not constitute a ~naiver of the right to exercise the s~,•ne in the event of any u.bsequent default.
Bach person l ia'aEe hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and noti<<
v`. dish;,nor and agrees to pay all cosu, including a reasonable attorney's fee, whether wit be brought or not, if, after maturity of this note
r,r 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 plural as the context ay
rcyuire or admit. -
MAKER'S ADDRESS
i ,L
- - a Philip wanaon a
I h N
AND the mortgagor hereby further covenants and agrees to pay promptly when due the prin-
t tips! and interest and other sums of money provided fur in said note and this mortgage, or either; - -
i to pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of
~ every nature on said property; to permit, commit ur 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 br 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 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 when due any tax, a:~gessment, 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. -
1 1F an 4um of mone herein referred to be not prom fly paid within thirty days next after
Y• Y P
I the same becomes due, or if each and every the agreementsg, 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 vhall not constitute a waiver of any rights or op-
tions under said note or this mortgage accrued or thereafter accruing.
t~e~ i
• 80~K PdGE ~ 7 .
i
~ ,
,