HomeMy WebLinkAbout0630 •.r.
I AMOUNT LOCATION + DATE
is 8,000.00 ! Ft. Pierce, Florida I November 7. 1980 I
FOR VALUE RECEIVED, the undrrsignw.d, ljo~ntly and severally, if more than onel promises to pay to
McArthur Ross
or order, in the manner hereinafter specified, the t?r incipal sum of
Eight Thousand, and Ho/100 IS 1
8,000.00 i
With interest from date at the rate of 12.000Oaer cent, per annum on tl?e balance from time to time remaining unpaid. The said principal s
and interest shall be payable in lawful mor+ey of the United States of America at Ft. Pierce, Florida ~
or at such place as may hereafter be designated by written notice from tl~e holder to th~~ maker hereof, on the date and in the manner following:
Principal and interest is payable Monthly in equal installments as follows: Beginning
on December 1980, the sum of ~ 177.96, and the same amount on the same day of each.;
month, in each year thereafter, until the entire
principal stun of 18000.00 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 sum of 1;8000.00, or so much thereof, as may from time to time remain unpaid
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 eve~+ date herewith, made by the maker hereof in favo? 01 the
said payee, and shall be construed and enforced according to the laws of the State of 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 ma tgage, or in the performance
of any of the agreements contained herein or in said mortgage, then the entirr• I~~incil~al sum and accrued interest shall at the option of the
trolder hereof become at once due and collectible without notice, time being of the c-Bence; and said principal sum and accrued interest shall
both bear interest from such time until paid at the highest rate allowable under tt+e I:,v+s of the State of Florida Failure
to exercise this option shall not constitute a waiver of the right to exercise thr same in the event of any subsequent default. .
Each person liable hereon whether maker or endorser, hereby waives presentment, prolest, notice, notice of protest and notice
of dishonor and agrees to pay all costs, including a reasonahle attorney's fee, whether suit ae brought or not, if, after maturity of this note
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 singular or plural as the context may
require yr admit.
MAKER'S ADDRESS i'~
W ,(B~ed~amin R . /prince Q
• Beth W. Prince
AiVU 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 eithet•;
to lay all and singular the taxes, assessments, Levies, liabilities, obligations and encumbrances. of
every nature on said property; to permit, commit ur suffer no ~~•aste, 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 ?•alue, but in no event less than the
amount secured by this mortgage, in a company or cuml~anies 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 recei~ a and ap-
ply the same to the indebtedness hereby secured, :recounting to the mortgagor fur any surplus; to
pay all costs, charges, and expenses, including la~~•yer'~ fees and title searches, reasonably incurred
or paid by the mortgagee because of the failure of the mortgagor to prompth• and fully comply
with the agreements, stipulations, conditions and cut•enants of said note and this mortgage, or
either; in the event the mortgagor fails to pa~• ~~•hrn due :uty tax, assessment, insurance premium or
other sum of money payable by virtue of said note :tnd this mortgage, or either, the mortgagee may
pay the same. without H•aiving 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
the laws of the State of Florida.
IF 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 co~•enantg
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 »r?t~~•ithstancling. Failure t?y the mortgagee to exer-
cise any of the rights or options herein provided shall nut constitute a waiver of any right.4 or op-
tions under said note or this mortgage accrued or fherc•aftrr accruing. ;
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8343 P~~E ~