HomeMy WebLinkAbout0634 nMOUNT IOCATtUN uwrt
(s 4,000.00 I _ Ft. Pierce,, Florida ~ (November 5, 1980
FOR VALUE RECEIVED, the undr•rsiyned, llointly and severally, if mare than one) promises to pay to
Hatzes Realty, Inc., a Florida Corporation
or order, in the manner hereinafter specified, the principal sum of
Four Thousand, and No/100 IS 4,000.001
With interest from date at lire rate of 12.OOOOPer cent, per annum on the balance from tune to time remaining unpaid. The said principal
and interest shall be payable in lawful 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 holder to the maker Itereol, on the date and in the manner following:
Principal and interest is payable Monthly in equal installments as follows: Beginning
on December 5, 1980, the stain of s 86.98, and the same amount on the same day of each
month, in each year thereafter, until the entire
principal stain of X4000.00 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 stain of X4000.00, 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 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
are by this reference made a part hereof.
If default be made in the payment of any of the sums or interest rnenticned herein or in said mortgage, or in the performance
of any of the agreements contained herein or in said mortgage, then the entirr~ incil,.rl sum and accrued interest shall at the option of the
holder hereof become at once due and collectible without notice, time being of tF,~ essence; and said principal sum and accrued interest shall
troth bear interest from such time until paid at the highest rate allo+vable under tlrc laws of the State of Florida Failure
to exercise this option shall not constitute a waiver of the r iglu to exercise the S,rrne in the event of any s4bsequent 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
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 or admit.
MAKER'S ADDRESS J
a Ro B,ie~~sk
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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 fur 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 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
1 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 ur comisanies 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, :tccouttting to the mortgagor for any surplus; to
pay all costs, charges, and expenses, including la++•~•er'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~• +vhen clue 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 +vaiving 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 nut promptly paid within thirty days next after
the same becomes due, or if each and every the agreements, stipulations. conditions and covenant.•t
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, anti this mortgage, or the entire balance unpaid there-
on, shall forth++•ith or thereafter, at the aption of the mortgagee, become and be due and payable,
anything in said note or herein to the contrary nutta•ithstanding. Failure by the mortgagee to exer-
cise any of the right4 or options herein provided ~h<tll nut constitute a waiver of any rights or op-
tions under said note or this mortgage accrued or therc~atter accruing.
i
e~ 343 Fay 633 -