HomeMy WebLinkAbout1177`- .
;= 4 LQQQ.00 1 Ft^ Piereet Flor~da ~December 1~. :~oJ 1
FOR VAIUE RECEIVE~, the undersigned, (jointly and severaliy, if more than oneM promises to paY to
steven Polifko 9303 Wynyard Place &n~ce, Virg~nia 220u
or orde~. in the manner hereinaher specified, the principal sum of
Four Thousand, and No/100 ------------------------------------------- ~S 4,000.00 ~
1~Jith interest from date at the rate of 12~ 0000 Per cent, pe~ annum on the balance from time to time remaining unpaid. The said principsl
and inU~est shall be payable in lawful money of the United States of Ame-ica at
or at wch p~ace as may hereafter be designatad by written notice from the holder to the maker hereof~ on the date and in the manner fo4lowing:
Principal and interest is payable Monthly in equal installments as PolloWS: Beginning
on January 12, 1981, the s~n of ~ 100.00, and the same amount on the same day of each
month, in each year thereafter, until the entire
principal sum of 34000.00 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 s~n of ~4000.00, 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 pi^epayable in Whole or in part at any time Without penalty.
Y , ~~ ~f ~~.~
~
This note with interest is secured by a mor `~ on real estate, of~n date herewith, made by the make~ hereof in favor of the
~a~d payee, and shall be construed a~d enforced accordin t~ Yhe~aw3 dt-~he State of Florida The terms of said mortgage
are by this reference made a Fart hereof. ~--•'
If default be made in the payme~t of any of the sums or interest mentioned hereir- or in said mortgage, or in the performance
;,t any of the agreements contained herein or in said mortgage, then the entire princiE~al sum and accrued interest si~all at the optian of the
r, ~;der hereof become at once due and collectible without notice, time being ot the essence; and said principal sum and accrued interest shatl
both bear interest from wch time untit paid at the highest rate attuwable under the laws of the State of Florida Failure
to exercise this option shall not constitute a waiver of the right to exercise the sarne in the event of any s~bsequent 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 cosu, including a reasonable attorney's fee, whether suit be brought or not, if, after maturity of this note
or default hereunder, or under said morigage, 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
MD~ N(rI'E
. ~ _L~
~ ~
Q Joseph Zobay.~` Q
W ~ W
N N
Bernioe Zo
AiHD the mortgagor hereby further covenant, and agrees tu pa3• promptly when due the prin-
cipal and interest and other sums of mone~• provided for in ~sid note and this mortgage. or either;
to pa~ all and singular the taxes, assessments, levies, liabilities, obligations and encumbrances of
every nature on said property; to perrnit, commit ur suKer no ~yaste, impairment or deterioration
of said land or the improvements thereon at an~• time ; to keep the buildings now or hereafter oii
said land fully insured in a sum of not less than its full insurable ~~alue, but in no event less than the
amuunt secured Uy this mortgage, in a compan~~ or cumpanies acceptable to the mortgagee, the pol-
icy or policies to be held by~ and payable to, said mortgagee. and in the e~•ent any sum of mone~~
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 any surplus; to
pay all costs, charges, and expenses. including la~~~-er's fees and title sexrches, reasonabl~ incurred
or paid by the mortgagee because of the failure uf the mortgagor to promptl~ and full~~ compl~•
with the agreements, stipulations, conditions and cuvenants of said note and this mortgage, or
either; in the event the mortgagor fails to pa~• ~~•h~n due an~~ tax. a~.~e~.timent, in~ui•ance premium or
other sum of money pa~•able by virtue of said note and this mortgage, or either. the mortgagee ma~•
pay the same, without waiving or affecting the o~~tion to foreclose or an~• other right hereunder, and
all such papmen~4 shall bear interest from date thereof at the highest la~vful rate then allo~ ed b~-
the laws of thc: State of Florida.
1F any sum of money herein referred to be not promptl}~ ~~aid within thirty days next after
the same becomes due, or if each and ever~ the agreements, stipulations, conditions and covenan~~c
of said note and this mortgage, or either, are not fully performed, complied with and abided by.
then the entire 4um mentioned in said note, and t his mortgage, or the entire balance unpaid there-
on. shall forthH•ith or thereafter, at the option of the mortgagee, become and be due and pa~•able.
anything in said note or herein to the contrar~ not~+•ithstanding. Failure b~ th~ mortgagee to exer-
cise any of the rights or optiflns herein provided -hall not congtitute a waiver of any right4 or op-
tions under said note or this mortgage accrued or thereafter accruing.
Ba~x 3~~ PaGE ~.~.~5
s
~
~~,..i i 3. . ~:3+=-:_. . . . -__ .,
' :~t,. ~.-~ - : . ._ .r`:?'."~.~