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HomeMy WebLinkAbout0046 \ .7r.yC 1 E ..MOUNT LOCATION OATS 24,782.33 Ft. Pierce, Florida Seot6mber 3. 1980 FOR VALUE RECEIVED, the undersigned, (lointly and severally, if more than one) promises to pay tO George Choborda order, in the manner hereinafter specified; the principal sum of Twenty-Four Thousand, Seven Hundred Eighty-Two and 33/100 IS 24,787.331 ::.;h interest from date at the rate of 12.000OPer cent, per annum on the balance from time to time remaining unpaiQ. The said principal ,~,;i inte?~4! shall Ds Nat1i~IQ ~p laartul money of the United States of America at Ft. Pierce, Florida - a t Buell place as may hereafter be designated by written notice from the holder to the maker hereof, on the date and in the manner fo{lowing: Thifi Note is payable Monthly in equal installments as follows: Beginning ' on October 3rd, 1980 the sum of 6261.02, and a like stun payable on the same day in each . month, in eaoh year thereafter, until the entire prilloipal a1WD of >i24782.33 together With interest, a~ he~~i>*i provided, has beep paid in full. In addition to the payments provided for above, the entire principal sum remaining un- paid, ~og~t,,>~er•with. Whichefinalepaymentmshallgbe ini~~sh~alo~~eodu~•~gd~ay~~le•on. • • • (8°11 44 All payments are to be applied first to inte est at the rate specified herein upon the principal sum of X24782.33, or so much t f, as may from time to time remain unpaid and the balance of each payment shall~be~ pl ed to principal. , This note is prepayable in whole or ~ part at any time without penalty. This note with interest is secured bye mortgage on real estate, of even date herewith, made by the maker hereof in favor of the d payee, and shall be construed and enforced according to the laws of the State of Florida The terms of said mortgage z by this reference made a part hereof. If default be made in the payment of any of the sums or interest mentioned herein or in said mortgage, or in the performance any of the agreements contained herein or in said mortgage, then the entire principal sum and accrued interest shall at the option of the ~:ald~r hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued interest shall bear interest from wch time until paid at the highest rate allowable under the laws of the State of Florida Failure 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 endoiser, hereby waives presentment, protest, notice, notice of protest and notice 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 ~r 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 ~ a dna Anna a N W it _ h AND the mortgagor hereby further covenants and agrees to pay promptly when due the prin- k 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 f 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 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 pa~• when clue and tax, assessment, insurance premium or other sum of money payable by virtue of saki note and this mortgage, or either, the mortgagee may pay the same, without waiving or affecting the ol?tion to foreclose or any other right hereunder, and all such payments shall bear interest from date thereof at the highest lawful rate then allo~•ed by s the laws of the State of Florida. t IF any sum of money herein referred to be not lromptly paid within thirty days next after the same becomes due, or if each and every the agreements, stipulations, conditions and covenant4 . ~ 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- p 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 nohvithstanding. Failure by the mortgagee to exec- , I else any of the rights or options herein provided shall not constitute a waiver of any rights or op- Lions under said note or this mortgage accrued or thereafter accruing. i BOW(chJO PdGE 46 .