HomeMy WebLinkAbout0637 a~.101)ItifT' LOCATION - - DATE
s 2.400.00 Port St. Lucie, FL At~t 18. 1980
FOR VALUE RECEIVE, the und~rsigned.ljointly and severally, if more than one) promises to pay to
ANA L. IAPEZ VZVAAnE RADRI(~B:Z; and MIGI~t. 8. It~RIQ~Z I~'EZ; as 3oint tenants with
rights of stayivorship and Ytot as tenants in canmoc>;
or order, in the manner hereinafter specified, the principal wm of
Tt,~ TliOUSAI~ID FOUL H~ID~tiID AtID NO/100 lS 2,40D.00 1
:'Jith interact from daa at the rata of 10.00 per Danl. per annum On the balance from lima to time remaining unpaid, The said principal
and interest shall ba payable in lawful money of tM United States of America st 4825 Betty Sue Tr. Orl.a~do, FL 33808
o r a t such plea as may hereafter be designated by writbn notice from the holder to the maker hereof, on the date and in the manner following:
~nci.Pal and interest is payable monthly in equal installments as follows:
Beginning oci< September 18, 1980, the suit of $411.75, and the same attlatnlt on the dame day
each month, in each year thereafter, until the entire principal sum of $2,400.00 together
with interest, as herein provided, has been paid 1.
All payments are to be applied first to t t rate specified herein upon the '
principal sue of $2,400.00, or'so mach as from tame to time ranain Unpaid ~ ~
and the ba].mZCe of each payment shall lied to principal. ~
This note-is prepaYabhe in whole oQc in part at any time withtiut paialty. - r
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
Said payee, and shall be construed 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 made in the payment of any of the wms 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 principal 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 wm and accrued interest shall
both bear interest from wch 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 ?ight to exercise the same in the event of any wbsequent 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 s 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 hero in the temps 'holder', 'maker' and 'payee' shall be conswed in the singular or plural as the context may
require or admit. -
MAKER'SADDRESS ~
c/o Franoosca Taylor - ~ ~ c ! • /~~t
4271 NW 5th St. G! oitll G. t" .;.F a ~ ~ M. TRACEY
Plantation, ~ 1 33317 h0~'AR't PUS! IC e; a«;cFtr y H
My Camrrision Expires I:i2~ca 24, 153
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 elf 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 oti
' 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
psy a1G 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, asgesgment, 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 payments shall bear interest from date thereof at the highest lawful rate then allowed by
the laws of the State of Florida.
IF an~• 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 agreements, stipulations, conditions and covenants
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 notwithstanding. Failure by the mortgagee to exer-
cise any of the rights or options herein provided ~ hail not constitute a waiver of any rights or op-
tions under said note or this mortgage accrued or thereafter accruing.
800 ~ PAGE