HomeMy WebLinkAbout1150 AMOUNT LOCATION _ ~ ~ DATE
s 3000.00 Fort Pierce, Florida September 23, 198b
FOR VALUE RECEIVED, the undersigned, (lointly and severally, if more than one) promises to pay to
CLAUDE H. (~CNB,S and LGIISE L. COM3S, his wife
or order, in the manner hereinafter specified, the princi al sum of
LHitEE 7HOiI,SAND DOLLARS AND NO/~00----------------------•------------ IS3000.00 1
With interest from date at the o to of 13.000 Per cent, per annum on the balance from time to time remaining unpaid. The said principal
and interest shall be payable in lawful money of the United States of America at Fort Pierce, Florida
or 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 tollowing:
Interest only installments of 532.50 to become due and payable beginning October 1, 1980
and each month thereafter for a period of 60 months at which time the entire principal
balance of 63000,00 will become. due and payble.
• If monthly payment is not received by the 7th of the nanth there will be a penalty
of Seven Dollars added to the regular monthly payment of 632.50, and this must be '
received by the end of the current month, t.lnless written permission is granted
' by the mortgagee, _
'THIS IdORTGAGE IS PREPAYABLE IN WIiOLE OR 1N PART AT ANY TIDgi WI'f[•i01IT PENALLY.
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 shalt 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 sums 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 Ix ir~ci;~:,l 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 sum and accrued interest shall
both bear interest from such time until paid at the highest rate allowable under the la~+s of the State of Florida Failure
to exercise this option shall not constitute a waiver of the right to exercise the seine 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
require or admit.
MAKER'S ADDRESS ~ ~ ~ ~/~sr
~I , ~ l~ ~i ~j ~f~ tWA
~ 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;
M 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
~ of said land or the improvements thereon at any time; to keep the buildings now or hereafter ott
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
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 cuvenant.~ of said note and this mortgage. or
either; in the event the mortgagor fails to pay svh•~n tlue'any tax, asses.4ment. 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 ~llosved 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-4, 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 t he mortgagee, become and be due and payable.
anything in said note or herein to the contrary notwithstanding. Failure by the mortgagee to exer- 1
cise any of the rights or options herein provided shall not constitute a waiver of any rights or op-
tions under said note or this mortgage accrued or thereafter accruing.
BO~t~ PJCE~e~
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