HomeMy WebLinkAbout2469q~p~T LOCATION DATE
3 70,ppp,pp Ft. Pierce, Florida Oecember 30, 198
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FOR VALUE RECEIVED, the undersig~ed, (jointly and severally, if more than one! promises to p~y to •
Walter A. Du~~ and Barbara A. Dun, his wife
or order. io the manne~ hereinaher specified. the principal sum oi
-----Seventy Thousand and No/100 ------------------------------------- ~S 70,000.00------ 1
With intt~est from date st the nte of ~ 2•~~ pe~ te~t, per annum on the balance from time to time remaining u~paid. The said prinCipa)
and inte~est shall be payabte in law(ul money of the United Ststes of America at FL. Pi erce, F1 ori da
or at such plaoe ss may heresfter be designated by written notice from the holder to the maker hereof, on the date and in the manner foltowing:
Principal and interest is payable on or before January 6, 1981.
This note is prepayable in whole or in part at any time without penalty. ac anytime
after January 1, 1981. Prior to that date this note shall not be prepayable in whole
or in part.
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 shatl be construed and enforced accading to the laws of the State of Fl ori da 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 w in said mwtgage, or in the performance
of any of the ageements co~tained herein or in said mortgage, then the entire p~ inci~~at sum and accrued interest shall at the option of the
holder hereof become at once due a~d collectible without notice, time being of the essence: and said principal wm and aocrued interest shall
boch bear interest from wch time until paid at the highest rate allowable under the laws of the State of Fl ori da 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, ~otice, notice of protest and notice
of dishonor and agrees to pay all costs, inctuding a reasonable attorney's fee, whether wit be brought or not, if, after maturity of this note
or default hereunder, or under said mortgage, counsel shall be employed to colMct this note or to protect the security of said mortgage.
Wherever used here in the terms 'holder', 'maker' and 'payee' shatl be construed in the singular or plurat as the context may
require or ~dmit
MAKER'S ADORESS
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AND the morigagur hereby further covenant, :ind agrees tu pa~• promptly when due the prin-
cipal and interest and other sums of moneS• pro~ided fur in said note and this mortgage, or either;
to pa~ all and singular the taxes, asses~ments, le~ ies, liabilities. obligations and encumbrances of
ever~ nature on said property; to permit, commit ur sufier no w•aste. impairment or deterioration
of said land or the impro~ements thereon at any time; to keep the buildings now or hereafter ou
~aid land fully insured in a sum of not less than its full insurable ~•alue, but in no event leas than the
amount secured bS this mortgage, in a compan3 or companies acceptable to the mortgagee, the pol-
icy or policies to be held b~, and payable to, said mortgagee, and in the e~ent an~• sum of mone~•
becomes pa~able b~• virtue of such insurance the mortgagee shall ha~e the right to receive and ap-
ply the same to the indebtedness hereb~• secured, accounting to the mortgagor for am• surplus; to
pay all costs. charges, and expenses, in~luding la~~•~-er's fees and title searches, reasonably incurred
or paid by the mortgagee because of the failure uf the mortgagor to promptl~~ and full~~ compl~•
with the agreements, stipulations. conditioiis and cu~ enan~ti of said note and this mortgage, or
either; in the e~ent the mortgagor fails to pa~• ~~•h~n clue any tax, xx~e~.sment, in~urance 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 ~aiving or affecting the oi~tion to foreclose or an~• other right hereunder. and
all such pa~ ments shall bear interest from date thereof at the highest lawful rate then allo~~ ed b~
the lav-s of the State of Florida.
IF an~• sum of mone~ herein referred to be not promptly- paid Nithinthirty days next after
the same becomes due, or if each and ever~ the agreements, stipulations, conditions and co~*enant~v
of said note and this mortgage, or either. are not full~• E~erformed, complied ~vith and abideri by.
then the entire sum mentioned in said note. and t his mortgage, or the entire balance unpaid there-
on. shall forthNith or thereafter. at the option of the mortgagee, become and be due and pa~•able,
anything in said note or herein to the contran not~~•ithgtanding. Failure t~y the mortgagee to exer-
cise any of the rights or options herein provided ~ hall not constitute a~vaiver of any rights or op-
tions under said note or this mortgage accrued or thereafter aceruing.
80J~~~ PltGE~~~
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