HomeMy WebLinkAbout0876AMOUNT LOCATION DATE
S Z~r~O•~ Ft. Pierce, Florida December 16, 1980 ~
FOR VAWE RECEIVEO, the undars~gned, (lointl~• and seve~ally, if more than one) promises to pay to ,I'
Betty S. Thanas~ a single person; and Eunice M. Smith, a single person ~ ~~
8120 S.W. 81st Terrace Miami, Flotida 33143 ,~
-• nrdtr, in the manner herainaher specitied, the p~incipal sum of
TWenty Thousand, and No/100 ----------------------------------------- (S 20,000.00~ I
W~th interest from date at tt~e rate of 12~ OOOOPer cent, per annum on the balance from time to time remaining unpaid. The said pri~cipsl
and i~terest shall be payable in lawfut money of the United States of America at Ft. Pieree, Flol^ida
or at such place as may hereatter be designatecl by v+aitten natice f~om the holder to the maker he~eof, on the date and in the manne- following: t
Prin~ipal and interest is payable Annually in equal installments as follows: Beginning ~
on December 16, 1981, the swn of ; 22,400.01, and the same amount on the same day of eac'`
December~ in each year thereafter~ until the entire F
principal sum of =20000.00 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 ;20000.00, 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 i~terest is secured by a mortgage on real estate, of ev~n date he~ewith, macle by the maker he~eoi 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 ~eference made a part hereof.
If default be made in the payment of any of the sums or interest mentio~~~d herein or in said mortgage, or in the performance
of any of the agreements contained herein or in said mortgage, then the entirF~ ~-rir~ci~,al sum a;~d accrued interest shall at the option of the
tiolder hereof become at once due and collectihle without notice, time being of tl~e essence; and said principal sum and accrued interest shall
both bear interest trom such.time until paid at the highest rate allowable urxle~ the laKS of the State of Florida Failure
to exercise this option shall not constitute a v-aiver of the right to exercise the same in tt~e event of any s~bsequent 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, whethe~ 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 se_curity of said mortgage.
Wherever used here in the terms 'holder', 'maker' and 'payee' shall be co~strued in the singular or plural as the context may
require or admit.
MAKER'S AODRESS _~ ~ ~D - - - ~ ~~
r~~ ,
/~/~/~ /~~'o~i1 /!z . 9'~ a J
----- W N
7~qr~ ~
AND the mortgagon c~reby further cuvenants xnd agrees to pa~• pro~nptly when due the pr~n-
cipal and interest and other sums of money provicled 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 propertS•; to permit, cummit or sufTet no ~vaste, impairment or deterioration
uf said land or the impruvements thereon at an~~ time ; tu keep the buildings now or hereafter ou
sdid land fully insured in a sum of not less than its full insurable ~~alue. ~ut in no event lesg than the
amuunt secured by this mortgage. in a company or rumpanies acceptuble to the mortgagee. the pol-
icy or policies to be held by, and payable to, said mortgagee, and in the event an~• sum of mone~•
becomes payable b~• virtue of such insurance the murtgagee shall have the right to receive and a~~-
ply the same to the indebtedness hereby secured, accounting to the mortgagor for an~• surplus; to
pay all costs. eharges, and expenses, ineluding la~+•,rer's fees and title searches, rea~onably incurred
or paid by the mortgagee because of the failure uf the mortgagor to promptl~- and full~ compl~~
with the agreements. stipulations, conditions and cu~en:ints of said note and this mortgage, or
either; in the e~ent the mortgagor fails to pa~• ~~•h~~n du~~ an~ txx, assessment, insurance premium or
other sum of muney payable by virtue of saici note xnd thi4 mortgage, or either, the mortgagee ma~•-
pay the same. without H aiving or affecting the o~~tion to forecl~se or any other right hereunder, and
all such payments shal) bear interest from date thcrenf at the highest ia~vful rate then allo~~~ed b~-
the laws of the State of Florida.
IF any sum of money herein referred to be not promptl~• paid w•ithin thirty days next after
the same becomes due, or if each and every the agreements, stipulations, conditions and covenan~~
of said note and this mortgage. or either, are not~full~~ ~~erfurmed, complied ~vith and abided b}•.
then the entire sum mentioned in said note. and t hi~ mortgage, or the entire balance unpaid there-
on, shall forthwith or thereafter, at the option of t he mnrtgagee, become and be due and pa~•able.
anything in gaid note or herein to the contrary not~~•ithstanding. Failure b~• the mortgagee to exer-
cise an~• of the rightg or options herein providecl -hall not constitute a waiver of an~ rights or op-
tions under said note or this mortgage accrued or thereafter accruing.
~ - ~3~5 p~ 874
~~