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~ruuidPd ~l~uuya. that if said .~tlortgagor s/tall pay ttnto thc• said. Jllortgagee
the certain promissory note, uj• which the jollot~~ing ili± words and jigtcres is a true copy,
~ to wit: . _ .
..,,~.se 1NN. 71s. ltw~ce~M hraW 'w .WMW Mu.W~~ra-IWwr• Iaa4rM4 stEMINOS.E FORM ~7
3
Mortgage Not
s 10 , 000.00_ Ft P~erce,... , cl«ida. _ JulY..~ Q.._ _ . _..~~0 ~
.
€OR VALUE RECEIVED IM undersigne.l promises to pay to 1M «der d
GERALDINE P . SPECIALE _ _ . _
Ten Thousand and no/100------ "-'...oalars
tM principal sum d
togeth« vnth interest thereon at tM rated ....te~.......p« cent per annum from the date of the execution hereof . I
until maturity, bosh principal end interest being psyabk in Lawful Money of the United States, such principal suns and interest payable in insbllments as folbws: )
Ail principal and accrued interest shall be due and payable in equal monthly ~itTStallmetits
of at least $212.48 with the first such ins t due~n theme day of August, 1980
and successive such tlnnthly installments dl~e day of each and every month
' thereafter until all sums due hereon paid in~ v~l~.
T~nis tote may be prepaid at any time t penalty.
This note is subject to the teams and conditions of that Separation Agrearent entered into
by and between the Maker and na®ed Payee dated July 2~,, 1980 .
Such instaUmerU payments shall be applied first ro the interest accruing under tM terms d tha note and then ro a reduction d 1M principal indebtedness.
~ The taakars and endorsers d this note hirther agree to waive demand. nd~a d non•paytnwst and protest, and in tMe event suit shah be brought for tM
colbction hared, a tM woe has to b~c~ellsded upon demand d an atf«neY. ro pay reasonable attorrteY's ties kr auEiitg such collecfioif: M pa$menfs Iwe-
under shalt bet interest >f the rate d..................gercent per amwm hom maturity until paid. This note is secured by a mortgage d even dale herewith and is to
ba construed and enforced according to the taws d tM State d Florida: upon dsfsult in the payment d principal andJo? interest when dw, IM whole sum d
princpal and interest remaining unpaid shall. st IM option d the holders, oecome immediately dw end payable. Faihtre ro exercise this option shall trot constihrte
a waiver of the//r~~g~~M to exercise the ts~ame in the evert o! subsequent de(auh.
Dsyshle st........'t~.~...~,...'ilur$~ ..~Z~.... _ . (SEAL; I
Port St. Lucie, Florida 33452 _ V'Y~CEN'r... SP~CYALE ~ ,
!SEMI
_.?SEAL)
«suchothsr place as shall be _ _
des~gnatad by tM holder d this
note in'wrrting. _.(SEAL)
and shall perjor+rt, comply with and al?ide by each and et•ery the stipulations,
-agreements, conditions and covenants of said promissory note and of this deed, then
this deed and the estate hereby created shall cease and be null and void.
•
.grid the said .Alortgugor hereby covenants and agrees:
.1. To pay all and singular the principal and in.tcrcct and nthrr su.nts of money
payable by rirtuc of said pro»tiss~rJ note and this decd, or either, pram/,IIJ r,n the
days respectively the same severally come due.
To pay all and singular the taxes, assessmr~nts, let•ics, liahilitics, ~,hligations
and encumbrances of et•ery nature nn said dcsc•ribed property ea-•h and every, and
if the same be not promptly paid the said Mortgagee may at any time pa.y the same
without waiving or affecting the option to foreclose or any right hereunder, and every
payme~at so made shall bear interest from the date thereof at the rate of ten
per cent. per annum.
J. To pay all and singular the costs, chargrs and expenses, inclruling lawyer's _
fees, reasonably incurred or paid at any time by said Mortgagee becatcse of the failure
{ on the part of the said Mortgagor to perform, comply with and abide by each and
~ every the stipulations, agreements, conditions and covenants of said promissory note
i and this deed, or either, and every such payment shall bear i-merest from date at the
rate of ten per cent. per annum. ~
To keep the building n.oty or hereafter on xutd land insured in a cum not
less than ~
??iaximum insurable value D„flats, in a compa?ty or c•onipantes to
j be approved by said Jbiortgagee, and the policy or policies held by and payable to said ~
Mortgagee, and in the event any stern of money becomes payable tender such policy or
policies, the Mortgagee shall have the option to receive and apply the same on account
of the indebtedness hereby secured or to permit the Mortgagor to receive and use it, or
any part thereof, for other purposes, wi`,hor~t thereby waiving or impairing any a?reify
lien or right under or by virtue of this mortgage, and may place and pay for such
insurance or any. part thereof, without waiving or affecting' the option to foreclose or
any right hereunder, and each and every such payment shall bear interest from date
at the rule of ten per cent. per annum.
t
~?~342 ~~1~~6~