HomeMy WebLinkAbout2555MORTGAGE NOTE
Ati, u ~ocaTioN
s~~~b0.00 Port St. Iucie. Florida
~e°cAeTt~ber 9, 1980
FOR VALUE RECEIVEO, the undersig~ed, (jointly and severally, if more than onel p~omises to pay to
.1otm E. Moore ~d Gallatin Natianal Ba~k as TrustE:e, uider the Last Will and Testament of
Carol W, rbore a/k/a Carol Waltan a/k/a Caroline '+aaltm Moore a/k/a/ Carolyn S. Walton *bore ~d
2S~'Altler'tn tl'f~'f~f~'hfie~~~i3'ff8T3~iffed, the principa! wm of
'I~ao Ttwusand, Qte H~n~ed and NO/100---------------------------------------IS 2,10().~ !
With inte~sst from date at the nte ofll. Q~QQ per cent, per annum on the balance from time to time remaining unpaid. The said principsl
and interest shall be payable in lawful money of the United States of America at C/O P.O. Box 43, ~io~yle, Pa 15474
or at such place as may he~esfter be desiynaud by written ~otice from the holde~ to the maker hereof, on the date and in the manne~ followiny:
Principal and interest iS payable :1althly in equal installme~ts as folla~s: Beginning on
January 9, 1981, the sun of $ 97. 88 ~ and the sa~ne aamunt on the saane daiy ~ of each
manth, in each year thereafter, until the entire
principal sum of $2,100.00 togethe~ th interest, as herein oravided. has beer~ vaid
in full. , : ,
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All payments are to 1.1ied fix'st ~ interest at the rate specified herein ~an the
principal sua of $2,1 .;,,,ou ¢a~•much thereof, as may fran time to time remairi unpaid
and the bala~oe of ea t sY~al~ be auplied to urincinal.
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This ~ote is prepayable in whole or in oart at any time withwt penalty.
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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
sa~d payee, and shall be construed and snforced according to the laws of the State of F1011~ 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 performance
of any of the agreements contained herein or in said mortgage, then the entire principa! sum and accrued interest shall at the option of the
r.older hereof become at once due and collectible without notice, time being of the essence; and said principal sum and aocrued interest shall
both bear interest from wch time until peid at the fiighest rate allowable under che laws of the State of FlOrif~ - Failure
to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent defautt.
Each person liable hereon whether maker or endorser, hereby waives prese~tment, protest, notice, ~otice of protest and notice
of dishonor and agrees to pay all cosu, including a reasonable attorney's fee, whether wit be brought or not, if, after maturity o is note
or default hereunder, or under said mortgage, counsel shall be employed to collect this note or to tect the security of d mort ge.
Wherever used here in the terms 'holder', 'maker' and 'payee' shall be construed i e s' lar or plural as e c~tex ay
require or admit. ~
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MAKER'S AD~RESS \
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"a Artnt~ s . pc~ers -~
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AND the mortgagor hereb~• further covenants .ind agrees tu pa~• promptly when due the prin-
cipal and interest and other sums of mone~• proviiiecl fur in said note and this mortgage, or either;
to pay all and singular the taxes~ assessments, levie,, liabilities, obiigations and encumbrances of
every nature on said property; to permit, cummit or sufier no ~saste, impairment or deterioration
of said land or the impru~•ements thereon at an~• time; tu keep the buildings now or hereafter on
said land fully insured in a sum of not less than its full insurable ~•xlue, but in no event Ies.R than the
amuunt secured by this murtgage, in a company or cumpanies acceptable to the mortgagee. the pol-
ic~• or policies to be hcld by, and pa~•able to, sxid mortgxgee. and i~2 the cvent an~• sum of mone~•
becomes payable b}• ~irtue of such insurance the murtgagee shall have the right to recei~e and ap-
ply the same to the indebtedness hereb~• secured, accouniing to the murtgagor for an~• surplus; to
pay all costs, charges, an~l expenses, including la~+•~-er's fees and title searches, reasonably~ incurred
or paid by the mortgagee because of the failure of the mortgagor to promptl~~ and full~• compl~•
with the agreements, stipulations. conditions and coven:ints of ~aid n~te and this mortgage, or
either: in the e~ent the murtgagor fails to pa~• ~~~h~-n due~ ~ui~~ tax. a~.~c~.~ment, insurance premium or
other sum of money parable by virtue of said note and thi4 mortgage, or either, the mortgagee ma~•
pay the same, K ithout ~~~aiving or affecting the o~-tion to foreclose or any other right hereunder, and
all such pa~•ments shall bear intere:~t fcom date therrof at the highest la~vful rate then alloa•eci b~-
the laws of the State of Florida.
IF an~~ sum of money herein referred to bc not promptl~- paid ~~•ithin thirty da~s next after
the sdme becomes due, or if each and ever~• the agreement~, stipulations, conditions and co~~enant~4
of said note and this mortgage, or either, are not full~ ~~erformed, complicd ~~ ith and abided b~~,
then the entire sum mentioned in Raid note, and t hi~ mortgage. or the entire balance unpaid there-
on, shall forth~sith or thereafter, at the option of t he mortgagee, become and be due and pa~•able,
an~~thing in said note or herein to the contrar~• not~~•ithst:~ndinR. Failure 1~~• the mortgagee to exer-
cise an~• of the rights or options herein pro~ided ~hall not constitute a~~•aiver of any righ~g or op-
tions under said note or this mortgage accrued or thrreafter accruing.
Bn~K 34~ PACr zrJ~J 4