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` Port St. Lucie December 3, -Ig
_ FLURII)Ar--- _-----------------
e For value received, 1 or wr, jointly and severally, promise to pay to the order o[
R. E . SLAY , JR. AND 13F.T'iY J . SLAY , h/w
203 South 29th Street
Fort- Pierce,__ _- _ . FLORIDA 33450
TWELVE TfiOUSAND AND NO/100------------------------------------_--- ^_ ----~_ not.t.nRs
the above address ,Florida, in_.-1~__-__--__monthly installments of
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~ ~ the first installment to become due and payable on
~ 157.62 -- -- cae-h,
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'q or before the 3rd _ day ~f . - -.1ai11131'~-- -- - 1~ $1---, and one instafhnent to become due and pay:-b a ou "
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n or before the'-- _ 3rd . _ _da~ n( each succeeding month until the whole of said indebtedness is paid, with Interest
~ from-_ __-12L3/80. - - at the rate o[__~_per annum.
- - If am• installment of thin note is not paid at the time and placr specified, the entire amount unl~:rid shrill be
•''g~ due and payable at the clrti.~n o[ the holder hereof. A!1 parties hereto, whether makers, endorses, swetie•s, guarantors,
or otherwise, hereby waive demand, notice and~pmtest. I[ placed in the hands o[ an attorne • for collection, we jointly
~; .and scvenlly agree u~ pav rc:esomable attorney s fees. The maker of this Note here~y reserves the
>x -right of prepayment in whole or in part at any time without penalty. 'Lhe tax required
n. by Section 201.08 of the Florida Statutes has been paid and proper stamQs have been
tt. affixed to the Mortgage which .secures the obligations evidenced by this -~ote.
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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 eithet•;
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 oil
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 or companies acceptable to the mortgagee, the pol-
icy or policies fo 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 al~-
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, reasonztbly 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 pay ~vh^n duc• any tax, ~ts.~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 o{Ilion 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 t-ot promptly paid within~'Y (3~days next after
the same becomes due, or if each and every the agreementsg, stipulations, conditions and covenants
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 contran• 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.
BOf~lf 3~~ .Pd6E1~
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