HomeMy WebLinkAbout2472AMOUNT tOCAT10N OATE
s 10,000.00 Ft. Pierce, Florida Qecemb
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FOR VALUE RECEIVEO. the undersigned, ljointly and severatly, if more than one) promises to pay to
Associated Real Estate Brokers, Inc.; Schwey Realty and A. Barlow Heikes, Realtor
or order, in the manne~ hereinafter speCified. the p~incipaf sum of
Ten Thousand and No/100 -----------------------------------------------1s10,000.00---------.
With interest f~om date at the rate of ~ Q. QQQQ~er cent, per annum on the balance Irom t~me to time remaining unpaid. The said principal
and inte-est shall be psyable in lawful money of the United States oi America at Ft . Pi erce, Fl ori da
or at wch D~ace as may he~eafter be designated by written notice from ihe holder to the make~ hereol, a~ the date a~d in the manner tollowing:
Principal and interest is payable on or before June ], 1982.
This note is prepayable in whole or in part at any ti~ne without penalty, at anytime after
January 1, 1981. Prior to that date this note shall not be prepayable in whole or in
part.
This note with inte~est 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 acco~ding to the laws of the State of Fl ori da The terms of said mortgage
are by ihis reference made a part hereof.
If defautt be made in the payment of any of the sums or interest mentioned herein w in said mortgage, or in the performance
of any of the agreements contained herein or in said mortgage, then the entire p~ ~nci~,al sum and accrued interest shall at the option of the
t,older hereof become at once due and collectible without notice, time being of tize essence; and said principal sum and aocrued 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 sa~ne in the event of any subsequent defaulL. .
Each person liable he~eon whether make~ or endorser, hereby waives presentment, protest, notice, notice of protest and ~otice
of dishonor and ag~ees to pay all cosu, inctuding a reasonable attorney's fee, whether suit be brought or not, if, after maturity of this ~ote
or default hereunder, or under said mortgage, counsel shall be employed to collect this note or to protect the secu~ity of said mortgage_
Whe~ever used here in the terms 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may
reQUif@ Of ~R1it.
MAKER'S ADDRESS
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v"~, • _ ,; !~; •~.c ' ~ _~ ~ vtO
~~oria ~Sco ~
AND the mortgagor hereb~ further cuvenants and agrees tu pay promptly when due the prin-
cipal and interest and other sums of monej provided fur in said note and this mortgage, or either;
to pa~ all and singular the taxes, assessments. levies, liabilities, obligations and encumbrancea of
every nature on said property; to permit, commit ur ~ufter no Kaste, impairment or deterioration
of said land or the improvements thereon at any time; to keep the buildings now or hereafter on
5aid 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 compan~ or companies acceptable to the mortgagee, the pol-
icy or policiea to be held by, and payable to, said murtgagee, and in the event any sum of mone~•
becomes payable by virtue of such insurance the murtgagee shall have the right to receive and a~~-
ply the same to the indebtedness hereb~~ secured. accounting to the mortgagor for an~~ surplus; to
pay all costs, charges, and expenses, inciuding law•c-er's fees and title searches, reasonably incurred
or paid by the mortgagee because of the failure of the mortgagor to promptl~ and full~ comply
with the agreements, stipulations, conditions and covenan~~ of ~aid note and this mortgage, or
either; in the event the mortgagor fails to pa~• ~~h~~n due an~ tax. a~.~e:~timent, insurance premium or
other sum of money pa~•able by virtue of said note and this mortgage. or either, the mortgagee may
pay the same, without ~vaiving or affecting the o}~tion to foreclose or an~ other right hereunder, and
all such paymen~g shall bear interest from date thereof at the highest lawful rate then alloK•ed b~-
the laws of thc State of Florida.
IF any surn of money herein referred to be not promptl~ paid within thirty days next after
the same becomeg due, or if each and ever~ the agreement~g, stipula/ions. conditions and covenant~g
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, ancl t his mortgage, or the entire balance unpaid there-
on, shall forthw ith or thereafter. at the option of t he mortgagee, become and be due and pay able,
anything in said note or herein to the contrar~ n~,t~•ithstanding. Faiiure b}• the mortgagee to exer-
cise an~ of the rightg or options herein provided ~ hatl not constitute a~~aiver of any rights or op-
tions under said note or this mottgage acerued nr thereafter accruing.
bO~~J~ P~GE~~~1