HomeMy WebLinkAbout1310;+'.tOUNT IOCATION
`_ 5~000.00 Vero Beach~ Florida I OATE
Mareh 31, t98t
FOR VALUE RECEIVEp, the unders~yr~ed, (jo~ntly and severalty, ~} ,n~:e ti~an one) pruin~ses to pay to
i;EORGE J. LI PARQ,1 and IRENE M. LI PARF.Lj ~ his Wi fe
• urde~, in the manner hereinafter specified, the prinapal sum oi
Five Thousand and No/100 _______________________________ IS 5,000.001
.'..ch intrrest from date at the rate of 12,0000 PQ- cent, per annum on the bafance from t~me to time remaining unpaid. The said princ~pal
~-~d ~nterest shall be payable in lawiul money of the United States oi America at Vero Beach, Florida
~,~ at such place as may hereafter be designated by written notice i~om the holder to the maker hereot, on the date and in the manner tollow,ng:
Frincipal and interest is payable Monthly in eq~~al installments as fo2lows: Beginning
on May t, 1981, the sum of ~166.08, and the same amount on the same day of each
month~ in each year thereaf~er, until the entire
principal sum of ~5000.00 together uith interest, as herein provided, has been paid
in full.
A21 payments are to b~ applied first to interest at the rate specified herein upon the
principal sum of ~5000.00~ or so much thereof, as may from time to ti:ne remain unpaid
and the balance of each payment shall be applied to principal.
This note is prepayable in whole or in part at any time without penalty.
~
V
This note with interest is secured by a mortgage on real estate, ot eoE~n d'ote herEwi!h, m~de by ihr rnaker hereof in favor of the
~~i :fayee, and shall be cor~strued and erforced accordir.g to the laws of the State of
Flor2da The terms of sa~d mortga~e
-•:~y this reterence made a part he:eof.
If detault be made in the payment of any of ih~ sums or interest r^er,!,oned herein or in said murtgage, or in the s~ertorrr:ance
~'~y of the oyreEmer.ts contained herrin or ~n said morigage, then the eni;rf~ t~"'~c.;~e~ s~m and accrued inlerest shall at the opt+on ot the
-~.•r hereot became at once due and coilect~ble without notice, time being of tt e~•~.~.•r:ce, and said principal sum and eccrued :nterest shall
~~~ t,ea- interest trom s~_,ch t~me until paid at the h:yhest rate atlo~~able under th:• I~,L•:; ~f the State of
~ ~ercise th~s op;iun shal~ not constitute a Kaiver of the right to exercise the z~~r,~• ir, ;he event of eny s~bs,~q ~ n~t defaault. F°'~ure
Each person liable hereon whether maker or endorser, hereby ~:a;;ES (itESErtrnent, protest, ratice, notice of ~rotest and not~ce
`~' shonor a~d agrees to pay all costs, including a reaso:iat,le attorney's tEe, ~:he;her suit t~e bfought or not, if, aiter maturity of this note
'~ `a~lt hereunder, or under said mortgage, counsel shall bc employed to cull~•ct th~s r.ote or to protect t~~e security of said mortyage_
1Vherever used here in the terms 'holder', 'mokar' and 'payee' shall t}e cunstrued in the s~rgu{ar or plural as the context may
~ . . •r or admit.
MAKE R'S ADDR[SS ~ ~
~ ~ ~
- :' =~ 6nth Avc~nue - - ---
-- - -- - J ~~. ~,_ ~~~,,.~;
r-~~ Reach, Fl 32960 N~ J0~ DOWLIKC w
~ N
AND the mortgag~,r hE•rel,~• further ru~•enant~ and a~r~~e~ t„ ~,.i~~ Err„mptl~- ~~~hen due the ~,rin-
ri~~xl an~i interest and uther sums of mone}• pru~-i~lc~~l fur i~i ~aid nute snd this mortgage, ur either;
tu p~i~• .ill and singular the taxes, assek5ments, 1~~•ie•, li<il~ilitir~, obligations and encuml,rances uf
c~~er~• nature u~i said pru~,ert~~; tu ~,ermit, cumn~it ur wtFer nu ~~~~iste, imp.tirment or deteriuration
of said land or the impru~~cment~~ thereun ut ~-n~- tim~r; ~u ke~p the t,uildings nu~~- or hereafter oii
~aid land full~• insured in .i sum ~~f not less th.u~ it~ Cull in,urat~le ~~~iluc, t~ut in no e~ent le~.~ than the
xmount ~ecured i,~• thi, murtg~ige, en x cumpan~~ ~,r cumE,:inies urc~•l,t.it,le tu the mortgagec:, the pul-
ic~• ur pvlicies to t,e hel~ ~S•, and pa~•al~le tu. sai~l m~~rt~,•~,K~e. ancl in the ~~•ent an~• ~um ~,f m~>ne~•
t~ecumes pa~•.ible 1~~- ~•irtu~• of sueh insuranc~• the murt~,~aKr~• ~hall ha~~~~ th~• riKht tu recei~~e and aE,-
plt~ lhe same to the ind~~l~tedness hereb~• secured, acc~~~nitin~; t~~ the m~-rtg.t~ur f„r an~• sur~,!us: tu
pa~• all cos~ti, charges, .-n~1 expenses, includin~,- la~~•~~~•r'. te~~~ and title ~~•.-rrh~•., r~~as~-r~aLl~- incurre~d
~~r paid b~• the murtga~,-e~• because of th~• failurt~ ~-f th~• m~~rtg:igor tr- ~,rvm~,tl}- :ind full~- c~-m~~i~•
~sith the agreements, ,ti~,ulalions, c~~nditions and cu~•~•nant. ~-f s;tiil n~~t~~ an~l this morty,•:i~,-e, ~~r
either: in thE~ e~-~~nt th~• murtg:i}~~ur tail~ t~~ ~r~~• ~~•h•~n ~1~~~• an~• t~tx, .~s:E~~.m~•nt. in:urance premium ~~r
other sum nf m~~net• pa~•able b~• ~•irtue ~~f saici not~~ and th~s m~~rtKa~,-e~, or cither, the mort~agee ma~•
P~~' the same, ~~•ithout ~~~aiti•inR ur affectin~,- th~• ~~~~ti~~n t~~ f~~re~clu.e ~~r an~- ~thc~r riRht hc~reunder, :ind
~all ~uch pa~•ments sh:~ll I-ear intc~rest fr~~m datE~ th~~r~•nf .it th~~ hiy.-h~~:t I:-~sful r.~te th~n all~~~+-~•~1 bz-
the la~~•s ~f the• State ~-f Flnrida. ~
IF an~• ~um ~f mont~~• herein ref~~rred t~- i~~~ n~tit ~-r~-m~-tl~- ~~.iicl ~~~ithin tfiirty dat•s next aftc~r
the samt~ becc,mc~. due, or if each and e~•cr}• the z~,-rt~em~•nt,, sti~~ulati~ns, c~n~liti~~ns and co~•er.ant~
~-f said nn±e and this mortgage, ~,r eithe~r, are n~~t full}• ~-t~rfvrmed, c~-mj~lie~l ~~•ith and abided bt•,
thc~n thc~ entirt~ ~um mc~nti~~ned in said n~t~, and t hi. mr,ri~,<<i~,•e, ~-r the c~ntire halance unpaid there-
~,n, shall f~,rth~~-ith or thereaftc~r, at the u~,ti~,n nf t h~• mort~,-a~~~~c~, bec~,me and be due and pa~-able.
an~•thin~r in ~aid n~-tc~ ~-r herein to the c~ntrar}- ~u~t~~~ith.tan~linK. F'ailur~~ t-~~ the mnrtRa~c~e t~~ exer-
cise an~• nf the ri~ht~ ~r options herein prnt•id~~~l ~~h.~ll n~~t ~•~~n~t~tute a~~•:ii~•er ~f an}• riRhts or ~-p-
ti~ns under said note or this mortKa~e accru~•d ~-r t hrr~~xft~•r accruin~%.
~:~'~351 ~~E1307