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ahtOUNT ! IOCATION
S 1'~~~5, 9 7~ .
DATE
neca~ber 16, 1980,
FOR VALUE RECEIVED, the u~de~si9ned. (lointly and severally, if more than one) p~om~ses to pay to
W. C. Ca~pany 5600 Cassia Drive Fort Pierce, Florida 33450
or o~der, in the manner hereinafter specified, the principal sum of
Zhirteen 'Ihousand, Three H~ndred Fifty-Nine and 72/100--------------75 13,359.7~
W~th interest irom date at the rate of 13. SD~er cent, per annum on the balance from time to tir~~e ~er~raining unpaid. The said principsl
and ~nterest shall be payable in lawful money of the United States of America at
or at such place as may hereafte~ 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 follaas: Begi~ming
an December 21, 1980, the sum of $ 203.44, and the s~ne aamunt an the sama day of each
manth. in each year thereafter, until the Fntire
princioal sum of $13359.72, together with interest, as herein provided, has been paid
in full.
~11 payme~nts are to be applied firs -~p ,riiciterest ~\9~ the rate soecified herein u~on ~he
principal sum of $13359.72, or so tti~eof,~ fran time to time renain unpaid
and tYbe balance of each payment s 1`~v~ii~ d Princi~al -
'Ihis note is pr~ayable in wh41e or in part at any time without nenaltY•
This note tiith interest is secured by a mortgage on real estate, of even date herewith, made by the maker hereof in favor of the
~a~d payee, and shall be construed and enforted 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 performa~ce
;f ar,y of the agreements contained herein or in said mortgage, then the entire p~ snc~~.al sum and acerued interest shall at the aption of the
-o!der hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued inte~est sha~l
.~ot-~ bear interest f~om wch time until paid at the highest rate allowable under the +aws of the State of F10~1C~ Failure
to exercise this option shall not constitute a waive~ of the ri~t to exercise the same in the event of any subsequent default.
Each perwn liable hereon whether maker or e~dorser, hereby waives presentment, protest, notice, notice of protest and notice
~f dishonor and agrees to pay all costs, including a reasonable attorney's fee, whether 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 security of said mortgage_
Wherever used here in the ternns 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may
equire or admit. . ~-" -~ s ~ s ,
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MAKER'S ADDRESS ~ ~~~ ' ~ ~
,. ...~ .,
`~, . - ~'l .
_ = • _ W at21 _ _ ~ ^ W
~~ ~E • 'n' ' ' . ~ I ~ ~ . v~
. ~ is' L~I~t7e ~
AND the mortgagur hereLy further covenant~ and agrees tu pa~• prumptly when due the prin-
cipal and interest and uther sums of mone~• provided fur in said note and this mortgage, or either; ~
to ~,a~• all and singular the taxes, assessments. levir,, lia~ilities, obligations and encumbrances o~
~~•er~ nature un said propeMy; to permit. commit or suffer no ~~•aste, impairment or deterioration
of said land or the impro~~ements thereon at an~• time; to keep the buildings now or hereafter oii
~sid land fully insured in x sum of not less than its full in,urable ~~xlue, but in no event less than the
amuunt secured by this murtgage, in a ce,mpan~ or companies accept<<ble to the mortgagee, the pol-
ic~ or policies tu be held b~•, and payable to, sxid mortgagee, and in the e~ent an~• sum of mone~•
becomes pa~~aLle bF• ~•irtue of such insurance the mortgagee shall ha~•e the right to receive and ap-
ply the same to the indebtedness hereby secured, accounting to the murtgagor for an~ surplt~s; to
pay all cos~s. charges, and expenses. ineluding la~s~•er's fees and titlc~ searches, reason:-bl~• incurred
or paid by the mortgagee Uecause of the failure of the murtgagor to promptl~• and full~• compl~-
with the agreements, stipulations, conditions and c~,~~enants of said note ancl this mortgage, or
either: in the e~•ent the mortKagor fail~ to pa~• ~~-h~_n du~~ an~~ tax, x~.~e~.timent, insurance premium or
other sum of mone~• pa~•able by virtue of said notc .tnd this mortgage, or either. the mortgagee ma~~
pay the same, without ~+•aiving or affecting the option tu foreclose or an~- other right hereunder, and
all such pa~•ments shxll bear interest frnm date thcrt•of at the highest la~vful rate then allo~~•ed b~
the la~~s of the State of Florida.
IF an~• sum of mone~ herein referred to be not promptl~• paid a•ithin thirty days next after
the same becomes due, or if each and ever~ the agreements, stipulations, conditions and covenant~~c
of said note and this mortgage, or either, are not full~• ~~erfurmed. complicd ~~~ith and abided by,
then the entire sum mentioned in qaid note, anci t hig mortgage, or the entire balance unpaid there-
on, shall forth~~ ith or thereafter, at the option ot t he mortgagee, become and Ue due and pa~•able,
anything in said note or herein to the contrar~• not~~•ithstanding. Failure h.• the mortgagee to eaer-
cise an~ of the rights or options herein provideci ~hall nnt ~onstitute a«ai~er of am• right¢ or op-
tions under said note or this mortqage accrueci or thereafter accruing.
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ar~ox 345 ~act ~54 ~'
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