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HomeMy WebLinkAbout1663 1 -f~,tOftTGAGE NOTE - - - _ ~ - A?AOUNT LOCATION PATE s 22,000.00 FI'. PICRCF., FLORIDA 'APRIL 4, 1980 +t = FOR VALUE RECEIVED. the undersigned, (jointly and Severally, if more than au) promise{,fw pay to 1 • _ ,'~'E~'1LE R. tb~LL and CHRISTINE B. HAI.I., his wife = u- order, in the manner hereinafter specif+ed, the principal sum of 111T.~'IY 'I11!0 •II IOl1S/WD f)O~IOO - - IS 22,000.00 ~ I . ~ ~v~:h interest from date at the rate of 10.00 per cent, per annum or, the bafanoe from time to time remaining unpaid. Tha said principal t ii ,•~d interest shall be payable in lawful moi:ey of tha United States of Ameri.a at 1609 Richmond Road, LeXingtan, Ky. 4OSl) at such place as may hereafter be des+gr„ted by written notice f rom the holder to the maker hereof, on the date and in the manner following: f (hic interest itt.~talllitint of $1100.00 on October 4, ?DSO, and one installment of j° prifirip;il alzd r:.~:ffzining •intcrest, tot111inr $23,100.00 on April 4, 1981.. .'this note is Prepay~lble in thole or in part at am- titre m.itt~out peraity. t. - ~ . t This note ti~ith interest is ser_ured i,y a mortgage-on real estate, of even date ftere~vith, made by the maker hereof in favor of the . aayee, and steal! be construed and antoreecf according to the laws of the State of Florian The terms of said mortgage :iy this frrence made a part hereof. It default be made in the: p0yment of any of the sums or interest mentioned herein or in said mortgage, or in the performance ar~y of the ag•eements contained herein or in said mortgage; then the entire principal sum and accrued interest shall at the option of the ' ;~:r!~rr hereof became at once due and ref!ect+hfe without notice, time being rif the essence; and said ~ principal sum and accrued interest shall : ~ !mar inter+a; from such tine until I+a~d at the highest rate allowable under the. la.vs of the State of Florida Failure • F•xercise this option shalt not constitute a t steer of the right to exercisa the s:,n:e +r+ the event of any wbsequent default. Each person liable hereon v.•hether maker or endorser, hereby waves presentment, protest, notice, notice of protest and notice f • J.shonor and agrees to pay at! costs, including a reasonable attorney's tee, whether suit be brought or not, if, after maturity of this note • :.~fa;,tt hereunder, or under said moctgaye, counsel shaft be employed to cuL~:ct this note or to protect the security of said mortgage. Wherever used -here rn the terms 'nolcfer', 'maker' and 'payee' shalt be construed in the singular er plural as the context may ~ ~ t .MAKER'SADt]RESS ~ - _ I ~ _ ~ D~ALD E . FRI CK t t 5: 7 Blacklt;~t,rk Trai I ~ - a ~ SHERRY FRI f~C k Lo~-e1.'trtd, Oltio X151-i,1 _ ~1~ ' rNsc, GENEVIFVF, tVAI;ONER ~j~4~ AND the mortgagor hereby further covenants and agrees to pay promptly when due the prin- cipal and interest and other sums of money provided fof- 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 waflte, 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 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 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 whin 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 4 the laws of the State of Florida. IF any sum of money herein referred to be not promptly paid within this't~ days next after the same becomes due, or if each and every the agreements, stipulations, conditions and covenants of said Hate 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- etas 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.