HomeMy WebLinkAbout0873AMOUNT IOCATION
s 6,80p,00 . Port St. Iucie
OATE
December 22, 1980,
FOR VAIUE RECEIVED, the undersigned, (joint~y and severatly, if more than one) promises to pay to
F~ge.ne J. Grause a1d J~e M. Grause~ his wife
or order, in the manner hereinahe~ specified, the principal sum ot
Six 'Ihousand Eig~t H~ndred arid NO/1U0 ------------------------~s b,800.00 -
': th intore~t tr~m datQ ~t tho r~te of ~~~~per c~nt, per annum on lh~ balanc~ f~om tim~ to tim~ nmi~ninp unp~id. Thv said pr~ncipal
.,nd interest shall be payable in lawful money of the United States of Ame~ica at
or at such place as may hereaiter be designated by written natice from the hotder to the maker hereof, on the date and in tha manner followin9:
Principal ~d interest is payable quarterly in equal installme~ts as follc~as: Begirniing
on March 22, 1981, the sun of $457.07, aond the sane ~rount an the s~ne da}i ~of each
c,uarter, in each year thereafter, tntil the entire principal sun~of $6~800:00 together
with interest, as herein provided, has been paid in full. .
All paya~ts are to be applied first to interest at the rate speci.fied herein u~osi the
principal ~un of $6,800.OG, or so mach thereof, as may fram time to time rana.i.n unpaid
~nd the balance of each payme~nt shall be applied to principal.
Zhi.s note is prepayable in whole or in part at any time~wi~out ~~~a~ty to time
/s/ R.M.F.
~~.
~~~ \ .
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This note with interest is secur t n real estate, of even date here~vith, made by the maker hereof in favor of the
:a~~ payee, and shall be construed and enfo e to the laws of the State of Florida The terms of said mortgage
~re t,y this reference made a part hereof. ~_~ ~
If default be made in the payment ot any of ?he sums or interest mentioned herein or in said mortgage, or in the performance
of any of the agreemer,ts contained herein or in said mortgage, then the entire princi~;~t sum and accrued in;erest shall at the option of the
~ o:der hereof betome at once due and collectible without notice, time being of the essence; and said p~incipal sum and accrued interest shall
:~;h bear interest from such time until paid at the highest rate allowable under the Ia~vs of the State of FZOr1C~3 Failure
_:, exercise this option shall not constitute a waiver of the right to exercise the sa~ne in the event of any wbsequent default. `
Each person liable hereo~ whether maker or endorser, hereby waives presentment, protest, notice, ~otice of protest and notice
o' d~shonor and agrees to pay all cosu, including a reasonable attwney's fee, whether suit be brought or not, if, after maturity of this note
o- default hereunder, or under said mortgage, counsel shall be employed to collect this ~ote or to protect the security of said mortgage.
Wherever used here in the terms 'holder', 'maker' and 'payee' shall be construed in the singuFar or plural as the context may
requ~re or admit.
MAKER'S ADDRESS '
Jfs/ Robert McK. Foster J
~ - W DiV^J~1~J~A~~.
H 1771(7PT ~
a 4~ ~ S~ T~YY~ ~e
n in
AND the mortgagur hereb~• further cu~enant~ .~nd agrec~ tu pa~• j,romptl~• when due the prin-
cipal and interest and uther sums of moue~• pru~•ide~l fur in said nute and this mortgage~ or either;
to pa~• all and singular the taxes, asse~ment,, le~ ic~, liabilities, obligations and encumbrances of
c~er~• nature un said propert~•; to ~~ermit, cummit ur sufFer no ~caste. impairment or deterioration
uf said land or the impro~~ements thereon xt an~• tim~ ; tu keep the buildings now• or hereafter ou
~did I:~nd fully insured in x sum of not le5.s than it~ tull in,urable ~•xlue, but in nu event leati than the
amount secured b~• this mortgage. in a compan~• ur cum~fanies arceptable to the mortgagee, the pol-
icy or policies to Le held by, and pay~ble to, sxict muMgagee. xnd in the e~•ent an~' sum ~-f mone~•
becomes payabl~ b~• ~•irtue of such insuranee the m~-rtgaKee tihall ha~•e the right to recei~e and a~~-
ply the same to the indebtedne~.4 hereL~• secured. :~ccounting to the m~-rtgagor for an~ surplus; to
pay all costs, char~;es, and expenses, includin~; la~+•~•er's fees and t:tle searches, reasonabl~• incurred
or paid b~• the mortga~ee because of the failure uf the mnrtK:igor to pmmptl}- and full~- compl~•
~-ith the agreements, titipulations, ronditions and cu~~enant~ of ~aid nut~~ anct this mortKage, or
either: in the c~•ent the murtg.~Kur t:~ils t~- pa~~ ~ch~~n du~• uii~' tax, a~.~e"m~•nt, in~urance premium or
other sum of mone~• pa~•able b~• ~•irtue of said note :u~cl this mortgage, or either, the mortgagee ma~•
pa~• the same, v~•ithout ~eaiving or aftecting the o~~ti~-n t~- forecl~~se or an~• other right hereunder, and
all such pa~•rrrents shall hear interest frnm date thrr~~of at the hiKhest I:i~~•ful rate then all~~~•ed b~-
the la~~•~ of th~~ State of Florida.
IF an~• sum of moner herein referred to I,e n~t ~~rumptl}• paid ~.•ithin ~i~y da~s next after
the same becomes due, or if each and ever~• the agreements, stipulations, condifions and co~~enant~K
~-f said n~te and this mortgage, or either, are not full~• prrfurmed. comPlied ~~•ith and abided b}•.
then the entire sum mentinned in said note, and t his mortKage, or the entire balance unpaid there-
on, shall f~rth~~-ith or thereafter, at the ~-ption ~t t h~~ mortKaRec~, be~ome and be due and pa~•able.
any~thing in ~aid note or herein to the contrar~• nut~~•ith,t.~ndinK. Failure 1-~• the mortgagee to excr-
cise an}• of the riRht~ or options herein prbvid~d ~hall n~-t c~-nst~ttrte a~~•ai~er of an~• righ~R or op-
tions under said note or this mortgage accrue~l ~r ther~•.+ft~•r accruing.
BO~K J~6 PSGE O/ 1,