HomeMy WebLinkAbout0626 AMOUNT LOCATION
DATE
s 17,000.00 Ft. Pierce, Florida IOctobgrl5, 1980
FOR VAWE RECEIVED, the undersigned, Ijoently and severally, if mnrr• than one) pronuses to pay to
William H. Harrison; and Margaret Harrison
or order, in the manner hereinafter specified, the principal sum of
Seventeen Thousand, and No/100 IS 17,000.001
With interest from date at the rate of 10.0000per cent, per annum on the balance from time to time remaining w~paid. The said principal
and interest shafl be payable in lavrftrl money of the United States of America at Ft. Pierce, Florida
or at such place as may hereafter be designated by written notice from the holclcr ±o the maker hereof, on the date and in the manner following:
Principal and interest is payable Monthly in equal installments as follows: Beginning
on November 15, 1980, the stun of # 3b1.20, and the same amount on the same day of eacl
month, in each year thereafter, until the entire
principal stun of #17000.00 together with interest, as herein provided, has been paid
in full.
All payments are to be applied first to interest at the rate specified herein upon the
principal stun of #17000.00, or so much thereof, as may from time to time remain unpaid 4
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 hereat in favor of the
said payee, and shall be construed and enforced accorcirng to the laws of the State.oi Florida The terms of said mortgage
are 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
of any of the agreements contained herein or in said mortgage, then the entire pr•nr sum and accrued interest shalt at the option of the s
r,~lder hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued interest shall E
:~oth bear interest from such time unfit paid at the Highest rate allowable under tltr lan•s o: the State of Florida Failure
tc exercise this option shalt not constitute a waiver of the right to exercise the sarn~e .n the event of any scbsequent default.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice
~1~shonor and agrees to pay all costs, including a reasonable attorney's fee, whether suit be brought or not, if, after maturity of this note S
or 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 sin ular or plural as the context may
squire or admit ~ ,
MAKER'S ADDRESS ~Wl.. e{
~~~thur N. Meye t
W - - a
~
f.C~ ur ;
Patricia G yer
AND the mortgagor hereby further covenant, :tnd agrees to pay I~romptly when due the prin-
cipal and interest and other sums of money provided for in said note and this mortgage, or eithet•;
to pay all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of
every nature un said property; to permit, commit ur suffer no ~saste, 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 les.4 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 la+vyer'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 anti this mortgage, or ~
either; in the event thc• mortgagor fails to pay wh•m clue .ury tax, assessment, insurance premium or
other sum of money payable by virtue of said note :tnd thin 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 thrrcof at the highest lawful rate then alln+ved by
the laws of the State of Florida.
!F any sum of money herein referred to be not promptly paid within thirty days next after
the same becomes due, or if each and every the agreements, stipulations, conditions and covenant.~c
of said note and this mortgage, or either, are not fully performed. complied +vith and abided by, . a
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 thc~ mortgagee, become and be due and payable,
anything in said note or herein to the contrary nnt~+•ithstanding. Failure by the mortgagee to exer-
cise an}• of the rights or options herein provided ~ hall not constitute a waiver of any right,4 or op-
tions under said note or this mortgage accrued or thereafter accruing.
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