HomeMy WebLinkAbout1225 h~ORTGAGE NOTE g
s~'4Y"~OU.00 1OCYOrt St, Lucie, Florida oAT~ust 1, 1980
FOR VALUE RECEI1VED the under igned lion ly and severally, if more than one) promises to pay to
c:otm~ Squ~re ~ic~ers, Inc,, a Florida Corporation
1782 Elrose, Port St. Lucie, Florida 33452
or order, in the manner hereinafter specified, the principal sum of
Eleven 'thousand Eipht.Hundred and'Vo/100 --------------------------------1511,f3()(),00
l'~ nth interest from date at the rate of 12,00 per cent, per annum on the balance from time to time remaining unpaid. The said principal
aid interest shall be payable in lawful money of the United States of America at address
o~ at such place as may hereafter be designated by written notice from the holder to the maker hereof, on the date and in the manner following:
,'phis Note is payable '~'lonthly in equal installments as follows: t3e,~tming on September 1, 1980
the stm of $121.39 and a like sun payable on the same day in each month, in each year thereafter
umtil the entire principal sun of $11,800.00 together with interest, as herein provided, has
been raid in full.
In addition to the navments provided for the entire principal sun remainirv~ unpaid,
together «ith accrued interest rates ,shall be due and payable on 8/1/$3 which
final paytnerit shall be in the t ~ ~of 1, 77 .39 .
X11 navments are to be applied firs to interest at the rate specified herein apart the
principal sun of $11,800.00 ar so much thereof, as may free time to time ranain uvrmaid
and the balance of each pa`m>eztt shall be applied to principal ,
'P.Zis note is prepayable in whole or 3n Dart at any time without penalty,
This note with interest is secured by a mortgage on real estate, of even date herewith, made by the maker hereof in favor of the
s~ d payee, and shall be construed and enforced according to the laws of the State of The terms of said mortgage
are by this reference made 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
c~ any of the agreements contained herein or in said mortgage, then the entire pi inci~ral sum and accrued interest shall at the option of the
h :der hereof become at once due and collectible without notice, time being of the essence; and said principal wm and accrued interest shall
b-.;h bear interest from wch 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 subsequent 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 suit 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
II require or admit.
` MAKER'S ADDRESS ~ ~ ~ --may ~~I
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AND the mortgagor hereby further covenants and agrees to pad 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
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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 oil
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 al~-
ply the same to the indebtedness hereby secured, accounting to the mortgagor for any surplus; to
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pay all costs, charges, and expenses, including lawyer's fees and title searches, reasonably incurred 1
or paid by the mortgagee because of the failure of the mortgagor to promptly and fully comply j
~ with the agreements, stipulations, conditions and covenants of said note and this mortgage, or 4
either; in the event the mortgagor fails to pay when clue 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 i
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 fifteen days next after •
the same becomes due, or if each and every the agreements, stipulations, conditions and covenant.
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 notwilhstandinR. Failure by the mortgagee to exer-
cise any of the rights or options herein provided shrsll not constitute a waiver of any rights or op-
tions under said note or this mortgage accrued c?r thereafter accruing.
8,„336 Qd~E1` ' ~3
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