HomeMy WebLinkAbout1369LOCATION
GATE
FOR VALUE RECEIVED, the undersigned, Ilointty and severally, if more than one) promises to pay to
Ronald D. Burnett; and Eloise B. Burnett; as 3oint tenants ~ Route 3,-Box 205
with rights of survivorship and not as tenants in common Wagoner, Oklahoma 74467
or order, in the manner hereinaher specified, the principal sum of
TWO Thousand, Three Hundred Fifty and No/100 ------------------------ lS 2,350.00 I
~Yith interest from date at the rate of 11 ~ ~~~ per 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 Statas of America at
or at such place as may hereafter be designated by written notice from the holder to the maker hereof, on the date and in the manner following:
Principal and interest is payable Monthly in equal installments as follows: Beginning
on January 5, 1981, the stun of ~ 51.11, and the same amount on the same day of each
month, in each year thereafter, until the entire
principal sum of =2350.00 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 X2350.00, or so much thereof, as may from time to time remain unpaid
and the balance of each payment shall be appliell to principal.
This note is prepayable in Whole or iR :palm at `atiy time Without penalty. --
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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 mentioned herein or in said mortgage, or in the performance
of any of the agreements contained herein or in said mortgage, then the entire principal 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 same in the event of any wbsequent default.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice
cf dishonor and agrees to pay all costs, including a reasonable attorney's fee, whether wit be brought or not if, after maturity ~s to
or default hereunder, or under said mortgage, counsel shall be employed to collect this note or to pr ct a security of ~d mort
Wherever used here in the teens 'holder', 'maker' and 'payee' shall be construed in th ingula or plural as cost may
regiifre or admit. n.
MAKER'S ADDRESS (.!~~~~~~'`~
:~Sortgage pjp~ a Arthur Powers a
W W
N N
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 or suffer no waste, 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 less 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 a{~-
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, 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 pay ~~ h~:•n due any tax, assessment, insurance premium or
other sum of money payable by virtue of saicl note and this mortgage, or either, the mortgagee may
pay the same, without H•aiving or affecting the nlition to foreclose or any other right hereunder, and
all such payment.4 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 covenantsR
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 t hi4 mortgage, or the entire balance unpaid there-
on, shall forthH•ith 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~vithstanding. Failure by the mortgagee to exer-
cise any of the rights or options herein providedi shall not constitute a waiver of any rights or op-
tions under said note or this mortgage accrued or thereafter accruing.
X344 ~,~1369
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