HomeMy WebLinkAbout1605...'JU~:T LOCATION
,~~ 12~75.00 Ft. Pierce, Florida
OATE
.ianuary 12i 1981
FOR VALUE RECEIVED, the undersigned, (jointly and severally~ it more than one) promises to pay to
Joseph Jer~nings and Ann Jennings, his Nife 583 Oleander Can~t
Port St. Lucie. Florida 33452
,r ordsr, in the manne~ heroinaher specified, the principal sum of
Taelve Thousand~ Three Hundred Seventy-Five and No/100 -------------- ~s 12,3T~•00)
t:~'~th i~terett from d~L~ ~t th~ nt~ of ~q~000Q~ar cfnt, pec ~nnum on the b~lanp from tima to time ramaininy unpaid. Th~ ss~d pr~~cipal
and i~ite~est shall be psysble in lawful money of the United States of America at
or at such place as may he~eafter be desigr-ated by written notice from the ho~der to the maker h~reof, on the dste and in the msnne~ followirq:
Principal and interest is payable Quarterly in equal installments as Pollows: Beginning
on March 12~ 1981, the sum of = 870.72, and the same amount on the same day of each
June~ September~ December, and March, in each year thereafter, until the entire -
prineipal swn of s12375.00 together With interest, as herein prnvided, has been paid
in full.
Al1 payments are to be applied Pirst to interest at the rate specified herein upon the
principal s_uan of =12375.00, 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~~ at any~time without penalty.
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This note with interest is secured by a rnort9age on real estate, of even date herewith, made by the maker hereof in favor of :r,e
~a d payee, and shall be construed and enforced according to the la~vs of the State of Florida The te~ms of said matgege •
s~e by this reference made a part hereof. •
If default be made in the payment of any of the sums or interest mentioned herein or in said mortgage, or in the pertormance
c` any of the agreements contained herein or in said mortqage, then the entire pr~ncipal sum and aocrl~ed interest shall at the option of the
~; ~ der hereof become at once due and collectible without notice, time being of the essence; and said principal sum and aocrued interest shall
;»th bear interest from wch time until peid at the highest ~ate allowable u~der the laws of the State of Florida . Failure
to exercise this option shall not constitute a waiver of the ri~t to exercise the some in the event of any si:bsequent default.
Each oerson liable hereon whether maker or endorser, he~eby waives presentment, p~otest, notice, notice of protest and notice
of d~shonor and agress to pay all cosu, including a reasonable attorney's fee, whether wit be brought or not, if, after maturity of this note
or default hereunder, ar unde~ 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
rEGuire or admiL '
h~AKER'S ADORESS ~ ~ ` ~ ~ .
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AND the mortgagor hereby further cuvendnts xnd agrees tu pa~• promptly when~ due the prin-
cipal and interest and uther sums of monc~ provided fur in xaid nute and this mortgage. or either;
to pa3 ail and singular the taxes. a~sessments. levie,, liabilities, ubligations and encumbrancea of
every nature on said prupert~•; to permit. commit or sufier no H•aste. impairment or deterioration
of said land or the im{~ruvements thereon at an~• time: to keep the buildings now or heresfter on
said land fully insured in a sum of not less than its full insurable ~•alue, but in no event les.g than the
amount secured by this murtgage, in a cumpan~• or cumpanies acceptable to the mortgagee. the pol-
icy or policies to be held b~•, and pay~able to, said mortgagee. and in the evenf xn~ sum of mone~-
becomes payable by.virtue of such insurance the mortgdgee shall haee the right to recei~e and ap-
ply the same to the indeUtedness hereb~~ secured. :tccounting to the mortgagor for an~• surplus: to
i,ay all costs, charges, and expenses, including la~~ ~•er's fees and title ~earches. reason:ibly incurred
or paid by the mortgagee because of thc• failure u[ the mortKagor to promptl~- and full~• compl~
with the agreements, xtipulations. conditiuns and ro~enant~ of ~aid n~,te and this mortgage, or
either; in the e~ent the mortgagor failti to px~• ~~•h~~n due <<n~• tax. a~.~ex~ment, in~urance premium or
other sum of money pa~•able bl virtue of saici note :-ncl thi4 mortgage, or either, the mortgagee ma~
pay the same, without H•aiving or wffecting the option to toreclose or an~• other right hereunder. and
all such pa~•ment,g shall bear interest from date thereof at the highe.t la~~ ful rate then allo~~•ed b~•
the la~vs of the State of Florida.
IF an~• sum of money herein referred to be not promptl~• paid H•ithin thirty da~•s next after
the same becomes due, or if each and ever~ the agreemenLs, stipulations, conditions and co~enant~v
of said note and this mortgage, or either. are not full~ performed, complied ~ith and abicled by.
then the entire sum mentioned in said note, and this mort~age,.or the entire balance unpaid there-
on. shall forthwith or thereafter, at the option ~f the mortgagee, become and be due and pa~ able,
anything in said note or herein to the contrar~• n~rt~rithstanding. Railure br the mortgagee to exer-
cise any of the rights or optiong herein provided ~hall not c•onstitute a~+aiver of an~• rights or op-
tions under said note or this mortgage accrued or thereafter accruing.
g~~34? p~~1599
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