HomeMy WebLinkAbout0212AI1tOUNT LOCATION DATE
s 29.000.00 Ft. Pierce,_Florida November 18 1980
FOR VALUE RECEIVED, the undersigned, (jointly and severally, if more than one) promisas to pay to
Forrest R. Jordan and Hazel J. Jordan, his wife
2714 Robin Street Fort Pierce, Florida 33450
or order, in the manner hereinafter specified, the principal sum of
Twenty-Nine Thousand, and No/100 ------------------------------------ (S 29,000.001
With interest from date at the rate of 12~ OOOOPer cent, per annum on the balance from time 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 hereaf ter be designated by written notice from fife holder to the maker hereof, on the date and in the manner following:
Principal and interest is payable Annually in equal installments as follows: Beginning
on January 1, 1982, the stmt of ~ 7,053.55, and the same amount on the same day of each
January, in each year thereafter, until the entire
principal sum of #29000.00 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 $29000.00, or so much thereof, as may from time to time remain unpaid
and the balance of each payment shall be applied to principal.
If this note is prepaid at anytittte prior to maturity there will be a prepaytitent
penalty of $1,000,00
This note with interest is secured by a mortgage on real estate, of even dace herewith, made by the maker hereof in favor of the
said payee, and shall be construed and enforced according to the laws of fife 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 mortgage, or in the performance
of any of the agreements contained herein or in said mortgage, then the entire I~::~~c,pat sum and accrued interest shall at the option of the
holder hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued interest shall
both bear interest from wch 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 s~:i:e 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
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_ f~_ ` nn ~~ /~
Linda D. Ivey Q ~ii-Charles Ivey Q
H Lc~t2~l~ ~1_~c-- W
----------------- - - -- - H
Durlie P. Ivey
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 ur suffer no ~+•aste, impairment or deterioration
of said land or the impru+•ements thereon at any time; to keep the buildings now or hereafter oft
paid 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 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 an~• 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 promptl~• and fully compl~•
with the agreements. stipulations, conditions and covenants of said note and this mortgage, or
either; in the event the mortgagor fails to pa~• ~~ h•~n duc• an~• tax, as.~essment, 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 ol,tic-n to foreclose or an~• other right hereunder, and
all such payments shall bear interest from date thereof at the highest la+vful rate then allowed ba-
the la++•s of the State of Florida.
IF an~• sum of money herein referred to be not prumptl~• paid within thirty days next after
the same becomes due, or if each and every the agreements, stipulations, conditions and covenantsg
of said note and this mortgage, or either, are not full~• performed, complied with and abided by.
then Lhe entire sum mentioned in said note, and this mortgage, or the entire balance unpaid there-
on, shall forthwith or thereafter, at the option of t he mortgagee. become and be due and pa~•able,
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.
8~ 344 P~ 212