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HomeMy WebLinkAbout0265 - 3.-. - -._J-. . i'Vi~ V~LL.'C ~iL'~a:i C. tl ut'ii:9t.Q11~ !~v:r~tiy and sever allj. 'f :ra+rC .nd!: U:1ei fJ.'O:rlt.8i :O .v Louis F. Constantino mid Olga A. Constantino, his wife . u, order,.in the manner hereinafter specified, the principal wm of - Thirty-Five Thousand and No/100-•-----------------------------------~5 35,000.00 l ti'; ith interest from date at the rats of 11. SOOOQr cent, per annum on the balance from time to time remaining unpaid. Ths said principal and interest shall bs payable in lawful money of the United Stacss of America at ~ Duelid Lt9110, Port St. j~Cie, FL 33452 or at such plea as may hereafter be designstad by written notice from the hokior to the maker hereof, on the date and in the manner following: T11is Note is payable Monthly in equal instal]alertts as follows : ~ . Beglimi~g on November 13, 1980 tt>!e sum of $348.01, and a .like sum payable stn the same day m each.month,-in each year , ucttil the entire principal sum of $35,000:00 together with interest, as herein provided, has be~ert paid in ft,>ll~. In addition to the payments provided for tie entire principal sum renaming . utpaid, together with accanied~ interest ~ ulpaid, shall be due and ppa~lyya~ble an October L3~ 1990 which final. s 11 m the attol~nt of $ 32, 56936 - . All payments are to be applied first to interest at the rate specified herein upon .the principal sum of $35,000.00, or so much thereof, as may from time to title renain unpaid and the lial,artoe of each payment shall be applied to principal. . This Hate is prepayable in whole or m-part at arty 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 said payee, and shall be construed and enforced according to the laws of the State of FloridS _ The terms of said mortgage are by this reference made a part hereof. If default be made in the payment of any of the wrrn 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 t~otder hereof become at once due and collectible without notice, time being of the essence; aril said principal sum 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 right 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 dishdnor and agrees to pay all costs, including a 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. I Wherever used hers in the ternns 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may , require or admit. 7 MAKER'S ADDRESS ~ , " ~ a Aud~y J. MaStrtpiar>o<ll W M fA AND the mortgagor hereby further covenants and agrees to pay promptly when due the prim- 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 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 I amount secured by this mortgage, in a company or companies acceptable to the murtgagee, the pol- icy or policies to be held by, and payable to, said mortgagee, and in the event any sum of money - I 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 covenants4 of said note .and this mortgage,. or either; in the event the mortgagor fails to pa~• wlti~n due any tax, assessment. insurance premium. or - other sum of money payable by virtue of said note and thid' mortgage, or either, the mortgagee may I pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and all such paymentsg 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 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. 1 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 shall not constitute a waiver of any rights or op- I tiona under said note or this mortgage accrued or thereafter accruing. - _ _ .