HomeMy WebLinkAbout1136AMOUNT LOCATIOPI OATE
s 15,000.00 Nort Pierce, Flor:dz January 23, 1981
FOR YALUE RECEIVEO, the u~td+:rsiyaed, (j~~int:y ancl severally, it murc than a-e) p~om~sps to pay to
Jon Ohlheiser
1800 Lincoln Street Anderson, Indiana 46011 '
or orde-, in the rr~nner hereinaher Specified, the principal sum of
Fifteen Thousand and No/100 ------------------------------------------ IS 15,000.00 !
'.~'ith interest from date at the ~ate of per cent, pe~ annum on ~he I~ala~ce from tone to time remaining u~paid. The said principal
and inte~est shall be paYable in lawfu) money of the United Statss of America at Fort Pierce, Florida
or at such place as may hereafter be desiynated by written notice froin the -~ulder to tlie maker hereof, on the date and in the manner following:
This Note is payable Quarterly in equal installments as follows: Beginning
on April 23rd, 1981 the sum of S648.90 and a like sum payable on the same day in each
July, October, January and April, in each year thereafter, unCil January 23, 1983
when the final payment shall be due in the amount of $13,880.22
This note is payable in whole or in part at any time without penalty.
This note with interest is secured by a mortgage on real estate, ot even clate herewith, made by the maker hereof in favor of the
said payee, and shall be construed and enforced according to the laivs of the State oi Florida The terms of said mortgage
are by this reference made a part hereof,
(f default be made in the payme~t oi any of the sums or interest mentioned herein or ir~ said mortgage, or in the performance
;~f any of the agreements contained herein or in said mortgage, then the entire ~~~ ~~~.:~~~:~~ sum and accrued interest shall at tha option of the
holder hereof become at onte due and collectibie without notice, time being of tl~.~ estence: and said principal sum and accrued interest shall
i~oth bear interest from such time until paid at the h~ghesi rate a!lowable under tha I~v:s of the State of Florida Failure
to exercise this option shall not constitute a waiver of the right to exercise the s~~~~.~ i~- the event of any s~bsequent default. -
Eaeh person liable hereon whether maker or endorser, hereby wa~ves {~resentment, protest, notice, notice of protest and notice
of dishonor and agrees to pay all costs, including a reasonable attorney's fee, wt~ether suit be brought or not, if, after maturity of this note
or default hereunder, or under said mortga9e, counsel shall be employed to co~lect this note or to protect cfie security of said martgage.
Wherever used here in the terms 'holder', 'maker' a~d 'payee' shatl be const~ued in the singutar or plural as the coniext may
require or admit. •
MAKER'S ADDRESS
--------- ---- - -----Q -Jody Truhan d
--- - - --- - - ---y-Nal~~.-HaJ.~strom as mortg_a~##'s
attorney in fact
-~- ~AND the murtgagur hereby further cvvenants and agrees to pa~• ~-rumptly when due the prin- _
eipai and interest and uther sum~ of mune~ proviae~! for in ~aid note and this mortgage, or either;
to pa~~ xll and singular the taxes, asse~ments, levie,, liabilities, obligations and encumbrances of
e~~er~• nature un ~aid pruperty; to permit, commit or sutTer no ~saste, impairment or deterioration
of said land or the im~fru~ements thereun at an~• time; tu keep the building5 now or hereafter on
said land fully insured in a sum of not less than its full insurable ~~alue, but in no event les.s than the
amuunt serured b~ this murtgage, in a compan, ur comE~anies arcepta3~le to the morLgagee. the pol-
icS• or pulicies to be held b~•, and pay-ai,te to, said muttgagee, and in the e~ent an~ sum of mone~~
becomes p~-~•able by virtue of such insurance the mortgagee shall ha~•e the right to recei~e and ap-
ply the same to the indebtedness hereb~• secured, accounting tR the murtga~or for an~- surplus: to
pa3 ali costs, charges, and expenses, including la~+•~-er's fees and title se<lrches, reasonabl~~ incurred
or paid by the mortgagee because of the failure uf the mortRagor to promptl~• and full~• comply
with the agreements, stipulations. conditions and co~enant~ of said n~~te and this mortgage, or
either: in the erent the mortgag~-r fail. to p.i~• ~~•h~-n duf• a~n~• tax. a~.,e~.timent, in~urance premium or
other sum of money pa~•aUle by virtue of said note .~nd thi~ mortgage, or either, the mortgagee ma~•
pay the same. H•ithout H•aiving or affecting the o~-tic-n t~- foreclosc or anti• other right hereunder, and
all such pa~~ments shall bear interest from date th~•rc~~f at t~e highest la~rful rate then allo~red b~-
the laws of th~ State of Fiorida.
IF an}• sum of mone~• herein referred to bc not prumptl~• paid ~~~ithin thirty days next after
the same becomes due, or if each and ever~• the agreements, stipulations, conditions and co~•enan~~c
of' said note and this mortgage. or either, are not full}• ~ferfurmed. c~~mplied with and abided br,
then the entire sum mentioned in said notc, and t hi~ mort~age, or the entire balance unpaid there-
on, shall forth~sith or thereafter, at the option ~f the mortgagee. b~come and be due and pa~•able.
anything in said notc or herein to the contrar~~ n~rt~i•iihstandin~. Fail~arc b~• the mortgagee to exer-
cise an~ of the right~ or options herein provided ~hall n~-t constitute a«ai~er of an~ righ~4 or op•
tiuns under said note or this mortgage accrued ~r ther~aft~r accruing.
g~~ 347 ~~GE 1~.3~
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