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AMOUNT LOCATION
s 42,000.00 Hort Yierce, Fl~~ri~la
OATE
February 26, 1981
FOR VAWE RECEIVED, th~: u~de~sig~~rd, (j~~~~tt~ and sevcrally, ~t mu~e than ~~na) pronuses to pdY to
George R. Landsaw and Kathryn Lands~~w, his wife
or orda, in the manne~ hereinafter specifieci, the principal sum ot Forty lwro Thousattd and No/ 100 -----------------~-
IS 42,000.00 1
~Y~th interest from date at the rate of 11 .0 per cent. ~~er annum on the balancr. from tirne to time remaining unpaid. The said princ~pal
and interest shall be Payable in lawtul money ot +he Un~ted Stat~s of A~nenca at
or at such place as may hereafter be designate~i by w~ ~tten not~ce frum thc hi~lder to the maker hereof, nn the date and in the manner tollowing:
For sixty (60) months from date mortgagor st~atl pay interest of eleven (11X) percent ~p~~
per annum only in form of monthly payments of three hundred eighty-five (385) Dollars ~
L~~~ 1 ~S ~~~ <(i.,~~
to be paid the first day of each month. ~~ k'~~"
~e
No principal shall be paid to mortgagee for the peri~d of sixty (60) months from datew
On the first da of the montii followin~ the 60t1~ payment of interest, the entire amount~~
Y
of the principal of tis note as set forth in tl~e amount of S42,000.00 shall be due and
payable fn full pius one months interest of $385.00.
Should the mortgagor he deliquent in monthly Interest paymc~nts for t•hree (3) ~nth ,
[hen the entire principal_shall_become due_ancl pay:-ble. Any deliquency of payments
due the mortgagor shall pay to the mortgagee interest at the rate of eighteen (18)y
per annum_on said deliquent amounts.
The first payment of interest in the amount of $385.00 shall be payable on this date.
This note is prepayable in whole at any time without penalty.
This note with interest is secured by a mortqage on real estate, of ev~rn ~i~tc hrrewilh, macle by the maker hereof in favor of the
sa;d payee, and shall be construed and enforceci according to the laws oi the Siate of Florida The terms of said mortgage
are by this -eference made a part herPof.
It default be made in the payment of any ot the sums o~ ~nterest rnet~t~~~ned herein or in said mortgagr., or in the performance
nf any of the agreements contained herein or in sa~d mortgage, then the eritire ~~~ ~nc ~~ t~ ~.um and accrued interest sha~l at the option of the
h~lde~ hereof become at once due and collectible without notir.e, time befnq r~f U~e e;~ence; and said principal sum and accrued interest shall
h~~h t~ear interest from such t~me until pa~d at ihe highest rate allowaLle urn:e~ !h~~ I~~v; of the State of Florida Failure
t~, exercise this option shall not constitute a waiver of the right to exerc~se tti.: ~.,.+r~~~ ~r~ the e~~ent of any s~bsequent default.
Each person liable he-eon whether maker or endorser, hereby warvas presentment, protest, notice, notice of prot~~t .~•~~~ •.••[~-^
ot dishonor and agrees to pay al) costs, includinq a reasonable attomey's tee, ~vhed~e~ suit be brou9ht or not, if, aiter matur~tti -~t •'~ '~~ '
or default hereunde~, or under sa+d mortgage, coun~el shall be employed to collect th~s note or to protect the secur~ty of said mortgage.
Wherever used here in the terms 'holder', 'maker' and 'pay~e" shatl bc~ cunstrued in the s~ngular or plurat as the context may
require or admit. •
MAKER'S ADDRESS -
fi s-~.--~e se-~:)r:- - ---- ~~acqueline D. eese ~ Q
! ~-I! -! ! `~~ ~ _ ~ , _ , J - - - -`n - - \~ ~ ~:~ ''~/,~~ 96~6b"~,-' .
_ f ~ - - 1 ~~
AND the murtgagur hereb~• further cuvenant~ .uid ~tgrec, tv },x~~ ~-rumptly ~vhen due the prin-
cipal and interest and other sums of mune~• pro~ide~l fur in said notc and this mortgage, or either;
to ~~a~• all and 3ingular the taxes, assessments, le~•ies, lial~ilitie,, nbligations and encumbrances of
e~er~• natur~ un said ~,ropert~~; to permit. c~-mmit ~,r .utF~~r no ~+•aste, impairment or deterioration
uf said land or the i~npro~•ements thereon at an~• time; tu keeN the buildings now or hereafter oii
s.-id land full~• insur~d in a sum of not less th.~n it~ (ull insurxble ~•xlue, but in no event les.ti than the
amuunt secured Ly t~hi~ murtgxge, in x compxn~~ or cumE-anie~ acceptable t~ the mortgagee. the pol-
ic~• or policies to I~e held b~•, and payable to. sai~l m~~rtgagee. :~nd in the e~•ent ~u~~• sum uf mone~•
becumes p.i~~able b.~ ~•irtue of such insur~tnce lhe m~,rt~-agee shall ha~•e th~• right tu recei•.•e and a~--
ply the same tu the indc~btedness hereb~• secured. .~cc~-unting tu the mortga~;-or for <-n~• surpius; to
~~a~• all costs, charges, and expenses, includin~,• la~~->-er's fees and title s~.irches, r~~xs~nabl~• incurred
or paid b~• thc mortgagee because of the faiiure ~-f th~ mortga}~or to promptl~• and full~• r~-mpl~~
with the agreements, ~tipulations, c~-nditi~,ns and cu~•enants ~,f ~aicl uute and this mortgage, or
either; in the e~~ent th~~ mort~,-:-~-or f.iil, to p~i}' ~~'h~•n ~lu~• an~' t:ix, a~..e~.~m~~nt, imurance premium ~r
other sum- of mone~• pa~•able by ~ irtue of sai~l n~,t~• :+nd tfii~'mortga~e, or either, the mortgagee ma~-
pa~• the same, ~~•ithnut ~~•:-iving or affecting thc• ~-~~ti~~n t~- f„reclose or an~• other right hereunder, and
a~l such pa}•ments shafl bear interest fr~~m date th~~rt~~-f :~t the highest la~~•ful rate then all~~~•ed b~-
the la~~•~ of th~~ State of Florida.
IF an~• sum of mone~• herein referred to he n~,t pr~,mptl}• paid ~.•ithin ninety aays ne~ct after
the same becomE•s due, or if each and ever~• the afireement~, stipulati~ns, c~nditions anci co~•enant~~
uf said note and this mortgage, or either, are not full~• performed, c~mplied ~~•ith and abided b~•.
th~n the entirc~ sum mentinned in said note, <<nd t his mort~age, or the entire balance unpaid there-
un, shall f~rth~~•ith or thereafter, at the option ~f t h~~ mortKaKee, bccome and be due and pa~•able.
ar~ything in said notF or herein to the contrar~• n~-h~•ithstandinQ. Failure b~• the mortRafiee to exer-
cise am• of the riAhts or options herein provided ; hall not constitute a waiver of am• righ~s or op-
tions under said note or this mortgage accru~~d ~-r therc~:ifter accruing.
gn~K 349 PlGE144~
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