HomeMy WebLinkAbout1161 AMOtlNT ~ IOCATrON _ DATE
s 16000.00 Fort Pierce, Florida ~ July 22, 1980
FOUR VAL.l1E RECEIVE[), the ernelersrgned, (luirrtly and severally, it more than one) promises to pay to
CLAUDE H. COMBS and LOUISE L. CODS, hie wife
or order, in the manner hsrc•irrafter spe~:ifie:rt, the principal sum of -
SIXTEEN THOUSAND AND NO/100--------------------------------------------IS 16,000.00 1
With interest from date at ttre rate of 12 per cent, per annum on the balance from time tc time remaining unpaid. The said principal
and interest shall he payable in lawful nroney of the United States of America at ~ ~ -
or.atsuch place as may hereafter be designated by written notice from the holder to the maker hereof, on the date and in the manner following:
Interest due and payable in monthly installments of $160.00 beginning September 1, 1980
and ittonthly thereafter to'and including August 1, 1985. On September 1, 1985, the ataount
of $16,160.00 which represents the Principal and Interest will become due and payable.
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5X Pre-Payment Penalty for early payoff. +
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This note with interest is secured l,y 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
are by this reference made a part hereof.
If defa:rlt 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 rlue and collectible without notice, time being of the ess:;nce; and said principal wm and accrued interest shall ,
both bear interest from such time until paid at the highest rate allowable under the laws of the State of Failure
to exercise this option shall not constitute a waiver of the right to exercise the-same in the event of any acbsequent 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 wit 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 terms 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may
require or admit.
MAKER'S ADDRESS _ !!``f--,,
!t'~ ~ _!.l Yep - .
a CHARLENE OLIVIA ~TAL~ER a ~
W W
_ N H
AND the mortgagor hereby further covenants and agrees to pay promptly when due the prim-
j 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 or hereafter ou
said land fully insured in a_sum of not less than its full insurable value, but in no event lees 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 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
t 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 thirty 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,
1 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 a hall not constitute a waiver of any rights or op-
tions -under said note or this mortgage accrued or thereafter accruing.
F a~K335 P~1155