HomeMy WebLinkAbout1364 ~?M01JNT LOCATION • DATE
§ 15,000.00 Fort Pierce, Florida 'November 3, 1980
FOR VALUE RECEIVED. the undersigned, (19intly and severally, if more than onel promises to pay to '
EARNEST N'. HAI~VEI.I. AND ~R06E N. HAI~fEI1., HIS WIFE
•or order, in the manner hereinafter specified, the principal sum of FI FTEF.N 'Di01JS,gl~j) Aj~1D 00/100 - - - - - - - - - - - - - - - - - - -
is 15,000.00 I
With interest from date at the rate of 12 • ~ per cent, par annum on the balance from time to time remainin unpaid. The said Qrincipal-
and interest shall be payable in lawful money of the United States of America at 31465 GreekSlde Dr. , f~leVeland, al l0 4412
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:
Interest only pa~~nents of 5150.00 a month are due and payable each month beginning December 3,
1980, and a like sum for interest only payable on the 3rd day of each month thereafter until ;
3, 1983, at ~fiich time the entire principal balance of x15,000.00 plus any remaining
interest is due and payable in full. '
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"Ibis dote is prepayable at any time taithout penalty ~ in thole or in part.
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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 Florida The terms of said mortgage
aye by 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
o. any of the agreements contained herein or iR said mortgsgc, then the entire pri^.cipa! sum and accrued interest shall at the option of the
held?r hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued interest shall
uc;h bear interest from such time until paid at the highest rate allowable under tl~e 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
of 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
~~r default hereunder, or under said mortgage, counsel shall be employed to collect this note or to protect tf:e 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
reduire or admit. '
MAKER'S ADDRESS
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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 ixs 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
f becomes payable by virtue of such insurance the mortgagee shall have the right to receive and ap- s
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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 pa~• svh•~n 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
~I1 such payment4 shall bear interest from date thereof at the highest lawful rate then allowed by
the laws of the State of Florida.
thirty
IF any sum of money herein referred to be not promptly paid within days next after
the same becomes due, or if each and every the agreement4. stipulations, conditions and covenants
1 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 :hall not constitute a waiver of any rights or op- -
tions under said note or this mortgage accrued or thereafter accruing.
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342 P~i~63
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