HomeMy WebLinkAbout1851AMOUNT
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IOCATION
~ OATE
Fl~~~ Icla .lanuary l, 1981
r-~rc I'ierce,
FOR VALUE RECEIVED. U~e undc~s~yued, (jo~nUy ~nd seve~ally, II IllUfft than une) prc~m~ses to pay to
Claude H. Combs and l.ouise G. Combs, his wife
or order, in the manner hereinafter specif~ed, the pri~icipal sum of
One Thousand Seven Hundred and No/100 --------------------------------- 15 1,700.00 ~
With inte~est f~om date at the rate of 12 per cent, ~rer annum on the balance from time to hme rem0ining unpai~l. The said p~inCipel
and interest shall be payable in lawful money af the United States of Ainerica at 1902 South 8th Street Fort Pierce, Florid~l
or at such place as may hereafter be designated l~y written notice f~om the holcier to tl-r maker hereot, on the date and in the manner tollowing:
Monthly iaterest payments of $17.00 each shall be due and payable Ueginning February 1, 1981,
with like interest amuunt du~ on the tst day of each monCl~ followin~. The entire principal
balance plus remaing interest shall be due and payable September 1, 1985.
S;~ Pre-Paymant Penalty for carly payoff.
This note with inte-est is securecl by a mortyaye on real estate, of even ci~te herewith, made by the maker hereoi in favor of the
said payee, a~d shall be construed and eniorced acco-ding 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 thc payment ot any ot the sums o~ interest rnentir~ned herein or in said mortgage, or in the performance
of any of the agreements contained herein o~ i~ said mo~tgage, then the entirc ~~~„~c;;,:,1 sum and accrued +nterest shall at the option of the
holder he~eof become at once due and collectible ~vithout notice, timP being of t~~e es;ence: and said principaf sum and accrued interest shall
both bear interest from such time until paid at the hiyliest rate allowable u~~cie~ t1~~~ i,,v:s of the State of Florida Failu~e
to exercise this option shall not constitute a waiver of the right to exercise the ~::r~l~~ in the e~ent oi any subsequent default. '
Each person liable hereon whether maker ar endorser, hereby waives presentment, protest, notice, notice of protest and notice
of dishonor and agrees to pay all costs, including a reasonable attorney's fee, whether suit be brought or not, if, afte~ maturity of this note
or default hereunder, or under said mortgage, counsel shall ue 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 singutar or plural as the context may
require or admit • .
MAKER'S ADDRESS
'__-____ J.~!\~ V l.l Y l[1 ~l1LL~l:a~ J
Q Q
W W
N N
AND the murtgagur hereby further covenants and agrees tu px~• ~~rumptly when due the prin-
cipal and interest and uther sums of money provided for in said nute and this mortgage~ or either;
tu pa~• xll and singul~ir the taxes. assessments, levie~, liabilities, obligations and encumbrances of
every nature on said pruperty ; to permit, commit ur sufier no ~~•aste, impairment or deterioration
of ~aid land or the impru~•ements thereon at an~• time ; tu kcep the buildings now or hereafter on
s:~id land fully insured in x sum of not less than it:c full insurable ~•alue, but in no event less than the
amuunt secured b~ this mortgage, in a cumpxn~• ur rompanies acceptable to the mortgagee. the pol-
icy or policies tu be held by, and payable to, said murtgagee, and in the e~ent an~• sum of mone~•
becomes payxble b}~ ~•irtue of such insurance the mortgagee shall have the right t~2 receice and ap-
ply the same to the indebtedness hereL~• secured, accounting to the mortgagor fur an~ surplus; to
pay all costs, charges, and expenses, including la~~~~•er's fees and title se~trches, reasonabl~~ incurred
or paid by the mortgagee because of the failure of the mortgagor to promptl~• and full~• compl~~
with the agreements, stipulatians, conditiuns and cu~•enan~5 of said note anci this mortgage. or
either; in the e~~ent the mortgagor fails to pa~~ ~~•hen ~lue an~~ tax, assessment, in~urance premium or
other sum of money pa~~able by virtue of said n~~te and thi4 mortgage, or either, the mottgagee ma~-
pay the same. H ithout ~~~aiving or affecting the optinn to foreclose or 1n~• other right hereunder, and
all such pa~•ments shall bear interest from date tht•reof at the highest _ la~vful rate then allo~~•ed by-
the la~.-:c of th~• State of Florida. ~
IF an~• sum of money herein referred to be not pr~~mptl~• paid ~~ ithin thirty days next after
the same becomes due. or if each and ever~ the agreement~, stipulations, conditions and covenan~~
of said note and this mortgage, or either, are not full~ pcrformed, complied ~sith and abided b~~.
then the entire sum mentioned in said note, and t hi~ mortgage, or the entire balance unpaid there-
on. shall forthwith or thereafter, at the ol~tion of t he mortgagee, become and be due and pa~•able.
anything in said note or herein to the contrar~• n~rt~sithstanding. Failurc i~~• the mortgagee to exer-
cise an~• of the rights or options herein provided ~hall n~-t c~,nstitute a~vai~~er of any righ~4 or op-
tions under said note or this mortgage accrued or thereaft~•r accruing.
BooK ~~S PaGE 1~4 7
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