HomeMy WebLinkAbout1125MORTGAGE NOTE
.
aNOUNt ~ocnt ioN . _
s 50,000.00 Fort Ficxce, Florici;-
DATE
March _S 1981
F~R VALU~ iiECEiVED, the uncle~s~gned, f~o~~~liy anu sevc~a~iy, ii mur~• tiian txiel P~onuses to pay to
Werner Jungmann
i
~ or o~de~, in the ma~ner he~einafte~ specified, the princ~pal su~n ot FIF'PY TIiUUSAND ANU 00/100 ----------------------
' fS 50, OOU. 00 1~
• Mar. 16, 1981
With inte~est from ~( at the rate of 15.00 Pef cent, ~wr annum un t!~r bal~n~:e from hmt• to ~ime remaining unpaid. The said principal
and interest shatl be paYable in lawful mi~ney ot the Unitcil Sta!Ns :,! A~n!~~ u:a at the address shown below
o~ at such plaee as may hereafter be designated by wr~tten notice I~o~n the hulder !~~ th~ maMer he~eol, on the date and in the manne~ following
Interest only payments st~all begin on June 16, 1981, and si~all be payable quarterly thereafter
(September 16, December 16, 1981 and March 16, 1982), until .lune 16,'1982, at which time the
entire principal balance of $SO,OOO.QO togett~er with any remaining interest due thereon, shall
. be due and payable.
~ This note may be prepaid in wl~ole or in part at anv tim~ wirhout penalty. ~
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. ~ S~LU~~•i ~y a n,nr tq,~g+~ on ~~al ~~e~!F, ni ~•vc~~ ~I~,t~ h•:~~•.vith, made by the make~ hercoi in favor of the
~ said pay~e, and shall br c~nstru~~} and enlorc~~d ~!CO~~l~nq to lhe I~~vs Ut lhr St~!r ot Floiid~l The terms af said matgage
are by this +ef~~ence maclr a t~art he-eof.
If deiault bc made in tl~e payment ot any of the su~n; or ir.teres: rrn_nho~ud here~n or in said mortgagc, or in the performanCe
of any o( the agreements contained herein or i~ said mo+tqa~, then the ~~n!i~~~ i•~ ~n~ ~~~ ,1 ;um and accrued interest shall at the option of the
h~lder hereof become at once due and coltr.ctble w~thout notice, U-t~? bruly nf the e~.~nce, and said principal sum and acuued interest shall
~ both bear interest from wch time until peid at the highest rate altowai~le uncinr t1~~ laws of the State of Florida Failure
, to exercise this option shall not constitute a waiver of the right to exe~cise the s~~nr. ~~i the event of any subsequent detault.
, Each perwn liable hereon whether maker or endorsPr, h~reby waives presentment, protest, notice, notice of protest and notice
' of dishonor and agrees to pay all costs, including a reasonable attorney's fr_e, ::t~«~ther s~~t be brought or not, if, after maturity of this note
'; or default hereunder, or u~der said mortgage, counsel shall be employ^d to coUect this note or to protect the security of said mortgage.
• Wherever used here in the terms 'holder', 'maker' and 'payee' shall t~ construed in the singular or plura~ as the context may
~ require or admit. ' '
MAKER'S ADDRESS
Main Road ~~t f_ _~-'1- ~`\(~,uc•l 1• r~ ~` -'~
Chesterfield, Mass. 01012 Donald E. Fobes Q Nancy~C:~Fobes Q
W y/
~ N
AND the mortgagor hereb~• further cuvenants and agrees tu pa?• prumptly when due the pr~n-r
cipal and interest anc~ uther sums of mane~• pro~eded for in ~aid note and this mortgage, or either;
tu pa~- all and singular the taxes, assessments, levie,, liabilities, obligations and encumbrances of
ever~• nature un said property; tu }~ermit. cummit ur sutTer no ~~•aste. impairment or deterioration
of said land or the im~~ru~•ements thereon at an~• tim~ : tu ke~p the buildings now or hereafter o~-
said land fully insured in a sum of not less th.in its full insurable ~•alue, but in no event less than the
amuunt secured b~• this murtgage~ in a cornpan~• ur cump~inies acceptable to the mortgagee, the pol-
ic~• or policies to be held b~•, and payai,le to, said murtgagee, and in the e~ ent am• sum of mone~•
becumes pa~•able b~• ~irtue of surh insurance the mortgxgee shalt ha~•e the right to recei~•e and ap-
p}~ the same to the indebtedness hereL~ secured. accounting to the m~,rtgxgor for anr surplus: to
pay all costs, charges. and expenses, including la~~•~~er's fees and title se.irches, reasonabl~• incurred
or paid by the mortgagee because of the failure uf the mortgagor to ~-romptl~~ :~nd full~• compl~•
K ith the agreements, stipulations, conditions and c„~•enant~ uf ~aid note and this mortgage, or
either; in the e~ent thc~ mvrtKxgor fail:~ to pa~• ~~•h~~n ~I~s:• ~~n~• tax, a,.e..~ment, insurance premium or
other sum of m~ne~• pa~•aLle b~~ ~•irtue of sai~i note and this mortgaRe, or either, the mortgagee ma~-
pa~ the same, H~ithout ~~•aiving or affecting the o~-tion t~, foreclose or an~• other right hereunder, and
all such pa~•ments shall bear interest from date there~f at the highest la~~ ful rate then allo~~•ed bt-
the la~vs of thc• State of Florida.
IF an}- sum of mone~~ herein referred to be n~t promptl~• paid ~~•ithin thirty da~•s next after
the same becomes due. or if each and ever}• the lgreements, sti~-ulati~-ns, conditions and cot~enant~K
of said note and this mortgage, or either, are not full~• performed, complied ~~~ith and abided b~~,
then the entire sum mentioned in saici note, and f hi~ m~rtgage, or the entire balance unpaid there-
on, shall forth~~•ith or thereafter. at the option of the mortRaRPe, become and be due and pa~•able.
an~•thin~ in said note or herein to the contrar~• nnt~+•ith.tanding. Failure b~~ the mortgagee to exer-
cise an}• of the rights or options herein provided ~hall n~~t constitute a~+•ai~er of an}• righ~~ or op-
tions under said note or this mortgage accrued or ther~~aftc~r accruing.
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