HomeMy WebLinkAbout0884AMOUNT IOCATION REVISF.D rJ~IE DATE
3 20,OOU.UO l~c~rt Picr~c, I~I~ri~l~~ tk~cud~c~r 1G~ 1~)RO
FOR VALUE RECEIVED, thr undersigned, (jomlly and seve~ally, i1 more than onC) promises to pey to
Betty S. 1l~omas, a single person; anJ F.~u~ice ht. Smith, a singlc person
or order, in the manne~ herei~after sPecitied, the principal sum of
11,renty Thousand and 00/100 -----------------------------------------------~s20,000.00 1
With interest from date at the rate of 12,n per cent, per annum on the balance irom Ume to time ~emaining unpaid. The said principal
a~d interest shall be payable in lawful money ot the United States of Amenca at $12f1 5{1i 81st. 1'err. ,~~1~11111 , F~. 33143
or at such place as may hereatter be des~gnatad by written nutite t~om the holder to the maker heieot, on the date and in the manne~ following:
Quarterly interest payments of ~fi(.K).00 earh shall be clue ~~„a rayable be~;i~~ning ~L~rch 1G,
1981, w~ith like interest ~unow~t due Jtnie l6, Se~~teml~er iG oC l~Rl. 71~e enLirc principal
balance plus remiining intere~t shall be dsie ~~,~a nayz~~l~ l~cember 16, 1981.
lhis note is prepayable in whole or in j~ar~at airy time ~,ithout penalty.
This note with inte-est is secured by a mortgage on -eal estate, of even datP here~vith, made by the maker hereof in favor of the
said payee, and shall be construed and entorced according to the ~aws of the State of I~1 ori cla The te~ms of said mortgage
are by this reference made a part hereof. ,
If default be made in the paymcnt of any of the sums o~ 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 ~-~iru~~t+;i1 sum and accrued interest shall at the option of the
holder hereof betome at once due and collectible ~wthout not~ce, time be~ng of tt~e cr~sence: and said principat sum and accrued interest shall
both bear interest from such time until paid at the highest rate allowable under th~r la~~ of the State of 1~lorida Failure
to exereise this option shall not constitute a waiver of the right to exe~cise the :JIIIf! ~n the event of any s~bseyuent default.
~ Each person liable hereon whether maker or e~dorser, i~ereby ~va~ves present~nent, protest, notice, notice of protest and notice
.~.. . ..
of dishondj and agtees to pay all costs, including a reasonable attorney's fee,.+l~etl~er suit 1~e brought or not, if, after matu~ity o th~s note
or c~efauJt-'~'iereuride~, or under said mortgage, counset shall be employed to collect this note or to protect the security of said mortgage.
~~~ Whe~evei~.used here in the terms 'holder', 'maker' and "payee' shall be const~ued in the singular or plural as the context may
requ~sre br adr~a,~L ~ , ~
: ~ 7= MAKER'S ADD~iESS ~~. •~. ~~ Z~~ I~OUR SI~ ~'~ r v'4':ArI- ...rl' CC~RP.
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~/~.' • ' 4 i, r ~., -
• ~ . _ ..-~'- - Lake H.unilton, AItK 71J51 --~,-BY - ------ - N
CORYO~A'I'~ SEAL - - - -
AND the mortgagor hereby further cuaen~~nt~ :tn~i agrce, to ~ia~• promptly when due the pnn-
cipal and interest and other sums of monc~• pro~•ick~l fur in ~xid noie and this mortgage~ or either;
to pa~ all and singulxr the taxes~ assessments. Ievie~, liabi}ities, ubligalions and encumbrances of
«~er~• nature un said prupert~• ; tu permit, conimit ur sulTer no ~saste, impairment or deterioration
of said land or the im~-ru~•rments thercon at an~• tin~~ ; tu kecp the buildings nuw ur hereafter on
said land fully insured in a sum of not less th.u~ its full insur~ble ~•alue, but in no event les.ti than the
amuunt secured b~- this murtgaige. in a companc or cumpanies acce}~txble tu the mortgagee, the pol-
ic~~ or pulicies tu Ue hcld b~, and payuble tu, said murtgagce, an~i in the e~•ent an~• Sum of mone~-
becomes payaLle b~• rirtue uf such insurance the murt~,~agee shall ha~•e th~• right tu recei~e and xp-
pl~• the same t~, the indebteclne~ hereL~• ~ecured, accountin~; tu the m~~rtgagor for an~- surplus: to
pap aU cos~s, charges, and expen~es, includin~; la~~~~~er's fecs and title ~earches, r~-as~nxbl~' incurred
or pxid b~• the mortgagec because of the failure uf the murt~,-a~;or to ~~romptl~• and fullc comj~l~•
~+~ith the agreements, stipulations, conditiuns and r~n•en.ints of said note and thi~ mortKage, or
either: in the c~•ent th~~ mortg:-}~~~r f<<ilx to p.+~' ~~~h~.•n d:i~~ .u~}' t.ix, .~~~essm~•nt, in.i~rance premium or
other sum of mone~~_ p<+~~able b~• ~•irtue of sai~l not~~ :u~d thiG mortga~e. or either, the mortgagee m1~-
pa~ the same, «~ithout ~~•aiving or affecting thE~ o~~ti~-n t~~ f~rrecl~-se or an~• other right hereunder, and
all such pa~•ments shall bear interest fr~m datc th~~r~•nf at th~~ hi~,-h~•~t la~~•ful rate then alln«•ed b~-
the la~cs of thc• State of Florida.
IF an~• sum of mone~ herein ref~•rred to b~ n~-t ~-r~,mutl~- paicl ~~•ithin thirty da~s next after
the same becomes due, or if each and ever~• the afi~'eements, sti~-ulatinns, condition~ and co~enant~
of said note and this mortgage, or either, are not full~• ~~erfurmed, c~m~lied ~~•ith and abided b~•,
then the entire ~um menti~,ned in ~aid note, and t his mortKa~e, nr the entire balance unpaid there-
on, shall forth~~•ith or thereafter, at the option ~-f t h~~ m~~rtKa~ee, become and be due 1nd pa~•able.
anything in said note or herein to the contrar~• n~~t~~•ith~t.u~din~-. Failurc~ b~• the mortRagee tu exer-
cise an~• of the ri~ht~ or aptions herein pm~•ided ~h:ill n~-t c~-n,titutc~ a«•ai~~er of an~• riRhts or op-
tions irnder said note or this mortgage accrued ~-r ther~~aft~r accruin~.
8~345 P~ 8?'4 ~~~347 Q~ 881
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