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HomeMy WebLinkAbout1706AMOUNT IOCATION OATE IS ~.000.00 Ft. Pierc~. Florida D~cembe~ 19. Q FOR VALUE RECEIVED, the undersigned, ljointly and seve~ally, if more than one) p~omises to pay to Anthony S. Dolozik and Imogene R. Dolozik, his wife 6700 Deland Avenue Fort Pierce, Florida 33450 or order, i~ the ma~ner hereinahe~ specified. the principal sum of Three Thousand and No/100 ------------------------------------------- ~a 3,000.00~ With interest from date at the rate of 12~500ppe~ cent, pe~ annum on the bala~ce from time to time remaining unpaid. The said principal and inte~eit shall be payable in lawiul mone~ of the United States of America at Ft. Pieree, Florida or at such place as may he~eaiter be designated by written notice from the holde~ to the maker hereof, on the date and in the manner follpwing: Principal and interest is payable Monthly in equal installments as folla+s: Beginning on January 19, 1981, the swo of 367.50, and the same amount on the same day of each month, in each year thereafter, until the entire principal sudi of 33000.00 together With interest, as herein provided~ has been paid in full. All payments are to be appli.ed first to interest at the rate specified herein upon the principal sum of ~3000.00, or so much thereof, as may from time to time remain unpaid and the balance of each payment shall be applied to principal. This note is prepayable in Whole or in part at any time without penalty. ~ r 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 said payee, and shall be construed and eniorced according to the laws of the State of Flor`ida 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 inteiest mentioned herein or in said mortgage, or in the performance of any of the agreeme~ts contained herein or in said mortgage, then the entire pi inci~~a~ sum and accrued interest shall at the option of the holder hereof become at once due and collectible without notice, time being of the essence; and said principal sum and accrued interest shall both bear interest from such time until peid 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 s~sne in the event of any subsequent defauit. , Each perwn liable hereon whether maker or endaser, hereby waives prese~tment, protest, notice, notice of protest and notice of dishonor and agrees to pay all cosu, 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 terms 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may require or admiL MAKER'S ADDRESS / Q Thomas M. White, Jr. Q y ~ y Ruth E. White ~ -~~~`~AN-D~~ffie morfgagor ere y f'-urt~r covenants and agrees to pa~• promptly when due the prin- cipal and interest and other sums of money provided for in said notc and this mortgage. or either; to pa~ all and singular the taxes, assessmen~s, levies, liabilities. obligations and encumbrances of every nature un said ~roperty; to permit, commit ur ~ufter no ~~~xste. impairment or deterioration of said land or the impro~ements thereon at an~• timc; tu ke~p the buildings no~ or hereafter o~i said land fully insured in a sum of not less than its full insurable ~•xlue, but in no event leag than the amount secured b~ this murtgage, in a compan~• or companies acc~ptable to the mortgagee. the pol- icy or pvlicies to be held bs•, and payaLle to, saicl murtgagee. and in the e~ent an~• sum of mone~• becumes payable by virtue of such insurance the mortgagee shall have the right to recei~e and ap- ply the same to the indebtedness herebS• secured. .~ccounting to the mortgagor for any surplus; to pay all costs, chai~ges~ and expenses, including la~~•~•er's fees and title searches, reason.ibl~• incurred or paid by the mortgagee because of the failure ~f the mortgagor to promgtl~• and full~• compl~• with the agreements, stipulations, conditions and ro~enants of said note and this mortgage, or either: in the event the mortgagor fails to pa~• ~~•h~~n due an~• tax, asse~.~ment, insurxnce premium or other sum of money pa~•able by virtue of s~ici note :ind this mortgage, or either, the mortgagee ma~ pay the same, without ~~•aiving or affecting the o{-tion to foreclose or an~• other right hereunder, and all such pay~menGg shall bear interest from date thcreof at the highest la~vful rate then allo~~•ed b~- the laws of the State of Florida. IF any sum of monet herein referred to Le nat promptl~ paid H•ithin thirty days next after the same becomes due, or if each and everc the agreement~~, stipulations, conditions and corenan~~ of said note and this mortgage, or either, are not full~~ ~~erformed. complieci ~vith and abided by. then the entire sum mentioned in said note, anci t his mortRage, or the entire balance unpaid there• on, shall forth~~ ith or thereafter, at the option of t he mortgagee, become and be due and pa~~able, anything in said note or herein to the contrar~• n~-h~•ithstanding. Failure b~• the mortgagee to exer- cise an~ of the rights or options herein provided ~ hall n~~t constitute a~ti•aiver of am• rights or op- tions under said note or this mortgage acerued or thereafter accruing. 6~K~4~ P~GE17UiG i -~:~r~_;__w:.