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Home My WebLink About1130 :1A10UNT S 7~ LOCATION ~ATE .~ i ~ . : FOR VALUE RECEIVED, the undersigned, ljointly and severally, if more than one) prom+ses to pav to Ralph J. Argen and Mary L. Argen, his Wife 168 LeBnn Road . Amherst. New Yark 14226 ur order, i~ the manner herei~atter specificd, the p~incipal sum of Twenty-Five Thousand and No/100 ------------------------------------- ~g 25~000.00~• Witn i~~te~est from date at tha rate of 12~0000 p@~ Cent, per ~nnum on the ba~ance from time to time remai~ing unpaid. Tho s~id nncipsl and intarest shall be payabie in lawful money of the tlnited Sta!es of Amcrica at ~ ~ ~~ a~8 or at s~~h place as may hereafter be dosignated by written notice from the holder ~to the m~ke here~of,o~the a-iT ~e and in the manner followinq: Principal and interest is payable Monthly in equal installme~ts as folla+s: Beginning on April 10, 1981, the suca of a300.05, and the same amount on the same day of each month, in each year thereafter, until the entire principal sum of =25000.00 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 principal sum of ~25000.00, 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 with interest is secured by a mortqage on real estate, of even date herewith, made by the maker hereof 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 mortgage a~e ty 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 performance of any of the agreements contained herein or in said mortgage, then the e~tire pr~ncipal sum and accrued interest shall at the option of the r: ~~der hereof become at once due and coltectible without notice, time being of the essence; a~d said principal sum and accrued interest shall ;~oth bear interest from wch time untii peid at the highest rate al{owable under the laws of the State of Florida Failure co exercise this option shall not constitute a waiver of the right to exercise the some in the event of any s~:bsequent default. Each person liable hereon whether maker or endorser, hereby waives presentment, protest, notice, notice of protest and notice of dishonor and agrees to pay all cosu, including a reasonable attorney's fee, whether suit be brought or not, if, afte: maturity of this note or detault hereunder, or under said mort~age, counsel shall be emptoyed 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 require or admit MAKER'S ADORESS ~ ~ % / W La , ugen, Emig I,~j-W Nr i h . _ _ Susan Jean Emig AND the mortgagor hrreb~• further cu~•enant~ und agrees tu pa~• prumptlS• ~vhen due the prin- cipal and interest and uther s«ms of mone~• pruvi~le~l fur in said note and this mortgagc, or either; . tu pa~- all and singular the taxes, assessments, le~~ie~, li~ibilities, obligations and encumbrancea of c~•er~• natur~ un said prupert~~; tu j~ermit, commit ur suffer no ~~•:~ste, impairment or deterioration of said land or the impro~~ements thereon at an~• temc ; tu keep the buitdings now or hereafter ou said land fully insured in a sum of nut less than its rull insurable ~•alue, but in no event less than the amuunt secured by this mortgxge, in a compan~~ ~,r cum~r.~nie:~ acceptable to the mortgagee, the pol- icy or Nulicies to be held b~•, and payable to, said murtgxgee, and in the c~~ent an~• sum of mone~• bec~mes pa~•able b.• ~~irtue uf such insurance the mortgagee sh:ill ha~•e the right to recei~e and ~tp- pl~• the same tu the indebtedness hereU~~ secured, .~crous~ting to the murtgxgor for an~- surplus: to pay all costs, charges, and expenses, including la~~•~•er's fees and title searches. reasonabl~• incurred or ~~aid bS the mortga~,-ee berause of the failure uf the murtgaKor to promptl~• and full~• compl~• with the agreements, stipulations, conditiuns and r„~~~~nants of said note and this mortgage, or either: in the e~•ent th~~ mortg.-K~,r fail~ to pa~- ~~•h~~n du~~ an~~ txx, as.,e~..ment, insurance premium or other sum of money pa~•able b~• virtue of sxid note :~nd this mortgage, or either, the mortgagee ma~• pa~• the same, ~rithout ~~•aiving or affecting th~ ~~~tion t~- f~,recl~~se or an~• other right hereunder, and all such pa~•ments 5hall bear interest from date ther~~of .~t the highe~t I:~~~~ful rate then allo~~~ecl b~- the la~ss of the~ State of Florida. IF an~• sum ~t mone~• hernin rrfE•rred to be n~-t ~-romptl~• j~aid ~~•ithin thirty da~~s next after the same beromes due. or if each and ever~ the agreements, stipulations, conditions and co~~enant~K of said note and this mortgage, or either, are not full~• perfurmed, com~iliecl ~~•ith and abided b~•, then the entire sum menti~-ned in xaid note, and t hi~ mortRage. or the entire balance unpaid there- on, shall forth~~•ith or thereafter, at the option ~f t h~ mortKa~ee, become and be due and pa}•able, an~•thing in said note or herein to the contrar~• n~-t~~•ithstandinR. Failure t,~~ the mortgagee to exer- cise ant~ of the rights or options herein pro~~ided ~hall n~~t c~-nstitute a~saiver of an~• righ~g or op- tions under said note or this mortgage accrued ~r ther~~after accruing. aa~~ 3~ P~cE 11~ ~ r __~ ~ti = :~ _ . . ; - . . _ - ~ - _-- -- ::~r