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r: r C:,i:.~ yOSE
n~:JU!:7 lOCA710N DATE
14.090.00 Ft. Pierce, Florida August_ _1. 1980
F(~R VALUE RECEIVED, the undersigned, (lointty and severally, rf more than onel promises to pay to
Mary ~I• Pieske, a single person
•~•c!^:, ir. tna rTk.•~ he~r.inaher specified, the principal sum of
l;ourteen Thousand, and No/100 IS 14,000.001
~•est rro.'n tlo•.e at the rate of 9.5000per cent, per annum on the balance from time to time remaining unpaid. The said principal
.:~.c. »^•rst sha!i 5e p2y:?bIE .n lawful money of the UnKed States of America at
.a • :••:I? ;.r may hEre3iter 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 Annually in equal installments as folloNS: Beginning
' on August 1, 1981, the sum of 32828.51, and the same amount on the same day of each
August, in each year thereafter, unt a entire
principal sum of 314000.00 to t O t interest, as herein provided, has been paid
in full.
All payments are to be applied first to interest at the rate specified herein upon the
principal stns of 314000.00, or so 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 time aithoazt penalty.
.
This Holt: Zvi*.h intarrst is secured oy a mortgage on real estate, of even date herewith, made by the maker hereo` in !aver of the ~
. _ : p3yea, ar.d s;~aEl be construed and enforced according to the laws of the State of Florida The :e: m; of said mortgage
~ ny tlis reference msde a part hereof.
If ctefauit be made in the payment of any of the sums or interest mentioned herein or in said mortgage, or in the performance
:ny o* the agreement; contained herein or in said mortgage, then the entire pr:r3G;(,•al sum and accrued inte•es: ;1:aU at :he option of the
~ ~r izereof bzcome at once due and collectible without notice, time being of the essence; and said principal sum and accrued interest shall
xar interest from such time anti! paid at the highest rate allowable under the laws of the State of Florida Failure
'o exercise this option shall not constitute a waiver of the right to exercise the sar:e in the event of any sr:bsequent default.
Each person liable hereon whether maker or endorser, hereby waives presentr-lent, protest, notice, notice of protest and notice
c; t -l:sha.or and ;gr~es to pay alt costs, including a reasonable attorney's fee, whether suit be brought or not, if, after maturity of this mete
:,r d=`:ault 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
rrauire or admit
MAKcR'S ADDRESS ? '
a J es ~ d a
W W
rA rA
ene Ven nga
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 mortgage, or either;
to pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of
every nature un 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 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 la++•yer'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 cuvenantss of said note and this mortgage, or
either; in the event the mortgagor fails to pay +ehen due any tax, assessment, insurance premium or
other sum of money pay able 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 pa}•mentg 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., stipulations, conditions and covenants
of said note and this mortgage, or either, are not fully performed, complied +vith 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 nnt++•ithstanding. Failure by the mortgagee to exer-
cise any of the rights or options herein provided shall not cnnstitttte a +vaiver of any rights or op-
tions under said note or this mortgage accrued nr thereafter accruing.
P~1214
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