HomeMy WebLinkAbout1359 ",90RTGAGE NOTE
htOUNT LOCATION GATE
25.000.00 Ft. Pierce, Florida November 1980
FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promises to pay to
Edward C. Ebeling and Gretohen H, Ebeling, his wife
233 N.E. Ardsley, Port St. Lucie, Florida 33452
o' order, in the manner hereinaher specified, the principal sum of
Twenty-Five Thousand, and No/100 IS 25,000.001
'~'.:n interest from date at the rate of 12.000Oper cent, per annum on the balance from time to time remaining unpaid. The said principal
;;r.i interest shall be payable in lawful money of the United States of America at 'BbOVQ 8ddresS
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 following:
This Note is payable Monthly in equal installments as follows: Beginning
on December 3rd, 1§80 the star of X258.09, and a like stamp payable on the same day in each
month, in each year thereafter, until the entire
principal star of X25000.00 together with interest, as herein provided, has been paid
in full.
In addition to the payments provided/~~ ~ , the entire principal star remaining ta;n-
;,aid,~ to th th accrued intelFp~t1 tt~G- g ~ paid, shall be due and~pa yable on
vovt~roer FOQ3 5~9~`
....................Which final <~1 be in the amount of ~~,.~`.7.•~fk..........
All payments are to be applied fi to interest at the rate specified herein upon the
principal sum of #25000.00, or so mta~eh thereof, as may from time to time remain »~npaid
and the balance of each payment shall be applied to principal.
This note is prepayable in Whole or in part at 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
~ payee, and shall be construed and enforced according to the laws of the State of ~ Florida The terms of said mortgage
,y 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
any of the agreements contained herein or in said mortgage, then the entire principal sum and accrued interest shall at the option of the
r ; aer hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued_ interest shall
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 tubsequent default.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice
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
cr 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
reo,,ire or admit. WWr InVeStd1BiltS, YT1C.
MAKER'S ADDRESS ~
J
m Frances M. Watts, Pres. Q
H W
N
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;
I 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
I 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 compl3•
with the agreements, stipulations, conditions and covenantsg of said note and this mortgage, or
I either; in the event the mortgagor fails to pay tvh~n due 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 payment.4 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 fi.ftet3t 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 Yhereafter accruing.
r~~Q
8
~ P:GE~Je~