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~Cttutded ~hUU~a, Ural if salt! M~~rt~agnr shall pay rznto tht• suit! ~1TortgztQ'z•r
the certain prutttissury nut F, oj' u~hie~h. the j%~1lua'iitg in u~urds atrtl jigrtres is a true copy,
to wit:
' tiEMINOLE RORM ~7
,..~eQ~q• NoN, ib. lhMUS+v hruM r MeM?~Y MurW.w4-IW.tu Md?M~l
Mortgage Note 80 I '
10 , 000.00 Jensen.. ~.ea ch., clorida AUgu8 t . lq t
S
FOR VALUE RECEIVED the undersigns! promises to pay to the order of I
DAVID. L. _.NEWBERRY and..BET~Y.-E, ...NEWBEREtY,..his .wife,
th.principalwmof. Ten...Thousand. and..no/100---~.-~,~-_-.-~----------.--.--.--.-.-,.-.-.-.--.'ooll,r:
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1 togNhp with interasl ~heraon st the rate of ...tC'n.....__..per cent per annum Erom date.. of . the... exeeu~.~.QL1.. ~1.£x.~'.~f ~
until rrsalwity, both principal and interest being payable in lawful Mousy of ttse United States, such principal sum and intsresl paysble ~[XiFilfiiGrtifa as follows: i
I' All principal and accrued interest du thereon shall be due and payable in
one lump sum on or before February 1981. ~
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Such instsllmeM payments stroll be spplied lust to the interest accruing under the farms of this note end then to a reduction of the principsl indebtedness. I
Tlse makers and ersdorsers of This note further agree to waive damsnd, notice of non-payment and protest, and in IM event suit shall bs brought for the
collection hereof, or Ihs ssms has to bs~ collected upon demsnd d an at?orney, to paY reasonable attorney's raps for making furls eoNaction. All payments hers•
under shall bear interest s1 tM rate of .....tenpercent per annum from n•stwity until paid. This note is sscwed by s morlyags of wen data fserswith and is to
be construed and en}oresd according to she Taws of the Stets of Florida: upon delsult in IM paYmsnf of principal sndJor interssl when due, flea whob sum of
pnnc~pal and inlsrestl remaining unpaid shell, at the option of tlrs holders, oecoms immediately due and paysble. Failwe to exercise this option shall not constitute
i a waver of t'h!o(r~ight to exorcise the in t nt of wbsequent default.
PaYabksl..T..f...... . (k!.?.......y"yC-...../V"~:..... ...-..ISEAL)
. . RAYMOND.. B....pAft .MEERTEN .
rro~~o~ L.
{ ~"N°~ i~~/ / .~U ~ ...........................:.........................................................!SEAL)
r
or such other place as shall be _ _ . 15EAL) '
des~gna?ed by the holder d this
Hole m writing. (SEAL?
and shall perjonrt, rt»ttphl with and abide by each and every the stipulations,
agreements, conditions and covenants of said promissory note and of this deed, then
this deed and the estate hereby created shall cease and be ntclt and void.
,~n~1 the said ,,1lortgagor hereby covenants and agt•ees:
.1. To pay all and singrclar tht' principal ant! intrrPSt and ntltPr sums t~j mt,ney
payable hrt rirtue t?j said prnmissurrl Hutt and this decd, ter Pith~r, promptly rrn the
clays respectively the suntc~ sct•erally come drty.
~ i Tn pay all turd sinesular the ta.rt•s, assessnt.r.nts, ler•if•s, 1lIlI?lhlrl•s, r~l)lr0(ItrOns
i
f and encumbrances of r.t~ery trattt.re tit said tlrsc•ribed propf~rty ea ••h and er•Pry, anal
if the same be not promptly paid the said .1~fortgagee may at any tim-e pay the same
without waiving or ajj'ecting the option to foreclose or any right hereunder, and every
paymezat so made shall-bear interest from the date thereof at the rate of fifteen
~ per cent. per annum.
J. ?'o pay all and singular the costs, eharat•s and pxpt~nses, int•huling lawyer's
~ ! fees, reasonably incurred or paid at any time by said Jtiortgagee becarese of the fella-re
I~ on the part of the said Mortgagor to perform, eom.ply zc•ith. and abide by each and
every the stipulations, agreements, conditions and cotenants of said prunzrssory note
and this deed, or either, and every such payment shalt Lear interest from date at the
rate of fifteen per cent. per annum.
i
ii To keep the hu.ildi.ng nvu• t,r hereafter nn said /and insrtrrd in a sum nt,t
' less tiaan ~
~ Maximum insurable value [~t,llurs, in a ct,m.puny t,r ru»tpuni~'s to
~ be approved by said .Mortgagee, and the policy or policies held by and payable to said
Mortgagee, and in the event any srcnt of money becomes payttblP render such- policy or i
policies, the Mortgagee shall have the option to receive and apply the same on account
of the indebtedness hereby secured or to permit the .lrfortgagor to receive and use it, or '
any part tiaereof; fur other purposes, wi`,horc.t thereby u•aivanJS or impairing any equity
lien or ri ht under or by virtue of this mortgage, and Haag place and litzy for srech
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insurance or any part thereof, without waiving or affecting the option to farc•close or
any right hereunder, and each and every such payment shall bear interest from. date
I at the rate of fifteen per cent. per annum. '
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BO~1K~ PdGE~S
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