Loading...
HomeMy WebLinkAbout0271 ~ , • ~nURTGAGENOTE , AMOUNT LOCATION OATS _ s Ft. Pierc,~. Floricf~i Se~t:enb, er ?~9 t98o FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promises to ply t0 .Albert A. Nemeth and Patricia D. Nemeth, hie wife _ 1710 S . E . Canora Road Poort St . bode, Flc>orida or order, in tM manner hereinaher specified, the principd wm of j Thirteen Thousand; Five Hundred and No/100 (t 13,500.001 With interest from dart at the rate of 12.5000' cent, per annum on the balance from timeto time remaining unpaid. The said principal = and interest shall be payable in lawful money of tM United States of America at or at such place ss may her'~fter be designated by written notice from the holder to the maker hereof, on the date and in tM manner following: Principal.and interest is payable Monthly in equal installments as follows: Beginning on November 30, 1980,. the sum of ; 197.61, and the same amount on the same day of each month, in each year thereafter, until the entire principal sum oP X13500.00 together with interest, as herein provided, has been paid _ in full. v - All payments are to be applied firs eat at the rate specified herein upon the principal sum of ~a3500.00, or ao ~ ereof, as may from time to tame remain unpaid _ and~the balance of each payments plied to principal. Thfs note is prepayable in wbol ~ tat any 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 sa;d 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 parthereof. 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 tiere;n 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 such 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 subsequent default. Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice _ ~f dishonor and mess 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. YVherever used here in tM terms 'holder', 'maker' and 'payee' shalt be construed in the singular or piura! ss context may require or admit. MAKER'S ADDRESS ~ - - ~ au ey ~ . . W Q _ N ?7ifli a e ,i 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 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~lesa than the amount secured by this mortgage. in a company or companies acceptable to the mortgagee, the poi- i 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 surpius.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-pay when due any tax, assessment, 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. 1F any sum of money herein referred to be not .promptly paid within sixty. - 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 shall not constitute a waiver of any rights or op- tions under said note or this mortgage accrued or thereafter accruing.