HomeMy WebLinkAbout1614AA~OUNT
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LOCATION
Ft. Pier~e. F~Qri~a
DATE
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FOR VALUE RECEIVED. the u~ders~gned. (jointly snd severally, if mo-e tha~ one) promises to pay to
Joseph Jennings and Ann Jennings, his wife 583 Ole~nder Covrt
. Port St. Iucie, Florida 33452
or order, in the manner hereinafter specified, the principat sum of
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Eleven Thousand T~ro Hundred Fifty and !to/100 ------------------------ ~g 11,?50.00~
~:~'~ th interest fram date at the r~t~ of 1y ~~Q~er cont, per annum on the balaoce from time to time remai~ing unpaid. The said principal
a'td ~nterest shall be payable i~ lawful money oi the United States of Ame~ica at
or at such place as may hereafter be designated by writte~ notice from the holder to the maker hereof, on the~date and i~ the manner following:
Principal and interest is payable Quarterly in equal installments as follo~.rs: BeRinning
on March 12, 1981, the sua- of ~791.5?• and the same amount on the saa~e day of each
June. September, December, and Mar~h, in each year thereafter, until the entire .
principal sum of a11250.00 together with interest, as herein provided, has been paid '
in full.
All payments are to be applied first to interest at the rate specified herein upon the
priacipal sum'of #11250.OQ, or so wuch thereof, as may from time to time remain unpaid
and the balance of each payment shall be plied to principal.
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This note is prepayable in whole or~~i.`pa at any time Without penalty.
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This note with i~terest is secured by a mo~tgage on real estate, of even date herewith, made by the maker hereot in favor of the
s~:d payee, and shall be construed and enforced according to the laws of the State of FlOrida The terms of said martqage
are by ihis 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 'sn the performance
o' any of the agreements contai~ed he~ein or in said mortgage, then the entire p~ incipal sum and aocrued 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 acerued interest shatl
~~~ch bear interest from wch time until paid at the highest r~te allowable under the lar~s of the State of Floric~a Failure
to exercise this option shall not constitute a waiver of the right to exercise the same in the event of any subsequent defauli.
Each person liable hereon whether maker or endorser, hereby waives presentment, protest, ~otice, notice of protest and notice ,
o` dishonor and agrees to pay all costs. including a reasonable attwney's fee, whether suit be brought or not, if, after maturity of this note
o~ default hereunder, or under said mortgage, counse) shall be emptoyed to collect this note or to protect the security of said mortgage.
Whereyer used here in the terms 'holder', 'maker' a~d 'payee' shall be construed in th ~ngular or pl~ral as the context may
require or admit -
MAKER'S ADDRESS ~, ~
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aul Liggi ' J Frank Liggie _ Q
AND the mortgagur hrreby further covenants und agrees tu pa~• ~,romptly when due the prin- y
cipal and interest and other sums of mone~~ provicled for in said note and this mortgage, or either;
to pd~• a11 and singular the taxes, assessments, levie,, liat,ilitie:~, obfigations and encumbrances of
e~er~~ nature un said pruperty ; to permit, commil ur suf}'er no ~~-aste. impairment or deterioration
of said land or the improvements thereon at an~• time ; tu keep the buildings now or hereafter ou
~aid land fully insured in a sum of not Icss than its full insurable ~•alue, but in no event less than the
amuunt serured by this murtgage. in a cumpan~• or rumpaniex acceptat,le to the mortgagee. the pol-
icy or poGcies to be hetd by, and payable to, sxid moMgdgee, ~nd in the e~•cnt xn~• sum of monPy
becomes pa~~able b~• virtue of surh insurance the murtgagce shall have the right to recei~~e xnd ap-
ply the same to the indebtedness hereby secured. ~iccounting to the mortg~igor for an~ surplus; to
pay aU costs. charges~ and expenses~ including 1a~~•~•er's fees xnd title searches, reasonaLl~ incurred
or paid by the mortgagee because of the failure uf the mortgagor to promptl~• and full~• compl~•
with the agreements, :~tipulations. conditions and cuven.~nt~ of said n~,te ancl this mortgage. or
either.; in the e~•ent the m~rtgagor fails to p~i~• ~~•h~m due aui~• t.~x, a~.tie~.~ment, insurance premium or
other sum of money pa~•able by virtue ot saicl note :ind this mortgaRe, or either, the mortgagee ma~• -
pay the same, ~•ithout ~saiving or affecting the option to foreclose or an~• other right hereunder, and
a~l such pa~•men~g shall bear interest from date th~~rc•of at the hiqhest la~~•ful rate then allo~+•ed b~-
the laws of thc~ State of Florida. `
thirty
IF an~• sum of money herein referred to l,e not promptl~- E~aid K•ithin days next after
the same become4 due, or if eaeh and ever~• the agreements, stipulations, conditions and co~•enant~~
of qaid note and this martgage, or either, are not full~• performed. complied with and abided b~,
then the entire sum mentioned in said note, and f his mortgage, or the entire balance unpaid there-
on, ghall forth«~ith or thereafter, at the option of t h~• mortgaRee. becorne and be due and pa~•able,
anything in said note or herein to the contrarti• not~+•ith~tandinR. F'ailure by the mortgagee to exer-
cise any of the rightg or options herein provided -hxll n~-t c~nstitute a~vaiver of an}~ righ~g or op-
tions under said note or this mortgage accrued or there~after accruing.
B~~K~47 P~~F16pg
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