HomeMy WebLinkAbout1186AMOUNT ~ IOCATION ~ATE
S 50.000.00 Ft. Pier~•t~~ Florida Januarv ~T 1981 ,
FOR VALUE RECEIVED, the undersigned, ljointly and severalty, it more than onel promises to pay to
Robert F. Ogden and Aciah Ogden, his wife
1146 - 7th Place Vero Beach, Florida 32960 .
or orde~, in the manner he-einatter specified, the principal sum of ~
Fifty Thousand and No/100 ------------------------------------------- « 50,000.00~
With inte-est from date at the ~ate of ~ ~~ OOOOPer ce~t, per a~num on the hala~ce irom time to time remaining unpaid. The said principal
and inte~est shall be payable in lawiul money of the United States of Amcrica at Ft. Pierce~ Flot'1da
or at such place as may hereafter be designated by written notice t-om tl~e holde~ to the maker hereot, o~ the date and in the manner following:
Prineipal and interest is payable Monthly in equal installme~ts as follows: Beginning
on February 7. 1981~ the sum of ~516.10, and the same amount on the same day of each
month~ in each year thereafter~ until the entire
principal sum of a50000.00,together wlth interest~ as herein provided, has been paid
in full.
All payments are to be applied first to interest at the rate specified herein upon the
principal sum of ~50000.00~ or so~much thereof, as may frcm time to time remain unpaid
and the balance of each payme~t shall be applied Lo princfpal.
'This note is prepayable in Whole or in part at any time Without penalty.
This note with interest is secured by a mortgage on reaf estate, oi even date herewith, made by the maker hereo( in favor of the
said payee, and shall be construed and enforced according to the laws of the State ot 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 i~terest mentioned herein or i~ said mortgage, or in the performance
of any of the agreements contained herein or in said mortgage, then the entire ~~~ inc~pal sum and accrued interest shall at the option of the
holder hereof become at once due and collectible without notice, time being oi the essence; and said principal sum and accrued interest shall
t~oth bear interest from wch time untit paid at the highest rate allowabte under tl~e la~vs of the State of Florida Faiture
to exercise this option shall not constitute a waiver of the right tu exercise the sanie in the event of any subsequent detault.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of p~otest and notiu
of dishonor and agrees to pay all costs, including a reasonable attorney's fee, whether suit be brqughLor not, if, after maturity of this note
or default hereunder, or under said mortgage, counsel shall be emplayed to collect this note or to protect the security of said mortgage.
Wherever used here in the terms 'holder', 'maker' and 'payce' shall be construed in the singular or plural as the context may
require or admit.
MAKER'S ADDRESS
. - ~- _ - _ r /~
~LL ~~~~ t~l~~ /
.
w . u aC s~eIYon ~ ~~-+
~~ ~/~l'~ ~ <<. ~ G ;~ <<E ~~,~y
~Clara Castellon
,
AND the mortgagor hereby further cuvenants and agrees to pay E-rumptly when due the prin-
cipal-and interest and other sums of money provided for in said note and this mortgage, or either;
tu pu~• all and singular the taXes, assessments. levie~, liabilities, obligations and encumbrances uf
every nature on said pruperty; to permit, commit ur suffer no «~aste, impairment or deterioration
of said land or the imj-ruvements thereon at an~• time; tu kcep the buildings now or hereafter on
~aid land fully insured in a sum of not less thxn its full insurable ~•xlue. but in no event lea4 than the
amuunt secured by this murtgage~ in a compan~• or cumpanies acceptaLle to the mortgagee, the pol-
icy or policies to be held by, and payable to. said mortgagee, and in the e~ent any sum of mone~~
becomes pa~~able b~• virtue of such insurance the mortgagee shall hare the right to recei~e and ap-
ply the same to the indebtedness hereb~• secured. xecounting to the mortgagor for an~ surplus: to
pay all costs. charges, and expenses, includinK la~~~~-er's fees and title searches, reasonxbly incurred
or paid by the mortgagee because of the failure uf the mortgagor to ~~romptl~• anci full~• ~~mpl~•
with the agreements, ~tipulations, conditiuns and co~•enants of said note and this mortgage. or
either: in the event the mortgagor fails to pa~• ~rhen due an}• tax, ~~~.~e~.~ment, in.urance premium or
other sum of money pa~•able by virtue of said note :incl this mortgage. or either, the mortgagee ma~•
pay the same. without H aiving or affecting the o~~tion to foreclose or an~~ other right hereunder, and
all such paymen~g shall bear interest from date th~~re~f at the highest la~vful rate then alloHed b~-
the la~~~~ of the State of Florida.
IF any sum of money herein referred to be not promptl~• ~~aid ~rithin thirty days next after
the same becomes due. or if each and evert• the agreemen~~, stipulations, conditions and covenan~~
of gaid note and this mortgage, or either, are not fully ~~erformed, complied ~vith and abided by.
then the entire ~um mentioned in said note, anci t his mortgage, or the entire balance unpaid there-
on, shall forthK ith or thereafter. at the option ~f t h~ mortgagee, become and be due and pa~•able,
anything in said note or herein to the contrar~• not~.•ithstanding. Failure b~ the mortgagee to exer-
cise an~- of the rights or options herein provided , hall not constitute a~vaiver of anr righ~4 or op-
tions under said note or this mortgage accrued or thereafter accruing.
6001(J`tV P~GE~,8~