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EXHIBIT "A"
PENINSULAR MORTGAGE COMPANY ~
roan M980001 OF FORT PIERCE
3001 U. S. +M1
fort Pierce, Florida 33450 -
t 20,000.00 Pt. St. Lucie FLORIDA
- September 5th .1980
~ FOR VALUE RECEIVED, the undtrsigned, (jointly and severally, if more than ~
one), promises to pay to PENINSULAR MORTGAGE COMPANY OF FORT PIERCE, or order,
in the manner hereinafter specified, the principal sum of THQ~$AyQ~-D .
NJ 100------~---------------------------(1 - with interest
frour date at the rate of EIGHTEEN per cent _j~___x), per annuw
on the balance from time to tiure remaining unpaid.
fhe said principal and interest shall be payable in lawful rrrorrey of llr~
United States of Arrrerica at 3001 U.S. 111, Fort Pierce, Florida 33450, or at
;ucir place as pray hereafter be designated by written notice frarr the holder to
ci~e ~~wker hereof, on the date and in the manner following: ONE HUNDRED NINETEEN
~119~ installments of THREE HUNDRED SIXTY and 36/100-----------_-
-~~-360.36 beginning a month from the date hereof and orre last
payment of THREE HUNDRED SIXTY-ONE and 16/100---------------(S 361.16
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Payments are due on the day of each rrronth following the
date of closing and are payable on or before the 10th day following the due date.
Debtors may anytiure prepay the balance of the principal amount lu~p•r~,~•~
r h .ui.y other aurounts then duc , but they Shall pay an .~dii i r i ~ t
munth~ of Interest c:caupul~•~I ~l [h~• rat~• UI inl~•r~•~l In•r.•ii~ ,
,nom I,atance of the principal ~uwwrt then due.
-The debtors can not be substituted in their place by third parties except
upon the written approval by PENINSULAR MORTGAGE COMPANY OF FORT PIERCE, or its
assigns and successors.
This note with interest is secured by a mortgage on real property 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.
1
I' if default be made in the payment of any of the sums or interest mentioned
~,r in said rrbrtgage, or in the perfonnan~e of any of. the agreements I
~ ~c,utu~ned herein ur in sai-d mortgage then the entire principal sum and accru~a
j 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 ~u,;;.
and accrued interest shall both bear interest from such time until paid at tt~e
~~iyhest rate allowable under the laws of the State of Florida. Failure to
~•.cerc~se this option shall not constitute a waiver of the right to exercise the
~an~e in the event of any subsequent default.
f -
No sale of the premises hereby rrrort9aged nor forbearance on the part of
ci~e n~,rtyagees or its assigns, and na rAtCnsion of the time fur payu~ut u'
the debt hereby secured, given by the mortgagee or its assigns shall operate
~ to release, discharge, modify, change or affect -the original liability of tlr~ _
rib rtgagor herein either in whole or in parr, nor shall the full force and effect
of this instrument be altered thereby.
Any person, firm or corporation taking a ,;unior mortgage, or other lien,
upon said real estate, shall take the said lien scbject to the rights of the
f mortgagee herein to extend xhe maturity of the indebtedness hereby secured
without obtaining the consent to the holder of said junior lien and without
F the lien of this mortgage losing its priority over arty such junior lien.
i
~ In the event the property pledged by this instrument is sold under fore-
closure and the proceeds are insufficient to pay the total indebtedness evidenced
E and secured by this instrument the mortgagee will be entitled to a deficiency
judyment.
,Each person liable hereon whether maker or endorser, hereby waives
presentment, protest, notice, notice of protest and notice of dishonor ar?d -
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 ht:re~nder, ur
under said mortgage, counsel shall be employed to collect this note ar t.•
BOOKJeX7 PAfE1~ '
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