HomeMy WebLinkAbout1425 AMOUNY ~ LACA7loN _ ( OATS .
0~. 00 IJ r_Q;t Piece, Florida ~ • I Ju1y ~ 2d. ~ -1980 I,
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:bt R~`C~tvrD, t~t1?undersranedltn~~~~y ~ud~verally, ii'more~hari~,nil wwm~sas"topay td
ROBERT E. BRYAN and ALYCE L. BRYAN,. his wife
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or order, in manner h?rcinaher specified. the principal sum of
- THIRTEBN THOUSAND AND No/100---------------- - IS '13,000.00 1
With interest from date at the rate of 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 _
nr at such place as may hereafter be designated by written notice iroin the holder to the maker hereof, on the date and in the manner following: ~
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Principal in the sum- of $13,000.00 is due and payable on October 20, 1980.
In addition thereto, is this note is not paid on Specified date, interest in the
amount of 12X,beginning from date of closing together with any attorney fees
which may occur due to cyst of collection will become due at time the principal I
amount of collected. ~ s
This note is~prepayable in whole or in part at any time without penalty.
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This note with interest is sec~~red t,~ a mortgage on real estate, of even date herewith, made by the maker hereof in favor of the
said payee, and shall be con~t~ued 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 default be male 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 t~~ inril~el 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 1?om such time until paid at the highest rate 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 sage in the event of any st:bsequent default.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice
of dishonor and agrees to pa;~ 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
T EY V I Q
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E. LONSER -
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~ .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 on
s said land fully insured in a sum of not less than its full insurable value, but in no event less than the
amount secu"red 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. accounti»g 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, 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 payment.4 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 agreement.4, stipulations, conditions and covenants
i 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,
t anything in said note or herein to the contrary notwithstanding. Failure: by the mortgagee to exer-
i cise any of the rights or options herein provided ~ hall not constitute a waiver of any rights or op-
tions under said note or this mortgage accrued or thereafter accruing.
X335 ~~F1418 . .
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