HomeMy WebLinkAbout1386MORTGAGENOTE
AMOUNT
S 52.000.00
IOCATION
A- •--- -- -- DATE ~
Ft. t'ic~rc c;.,_!~'l~ric~-~__ ~tarcli 18, 19$1 t
FOR VALUE REC[I~ED, lh~' iii:~l~~tsiq.~erl, (ji~ir~tl•r :~n~l se•.r:raily i! inr;~e ih~n un~rl p~oinisec In ~~:~y tn
Paul S. Saiter and Audrey l.. Saiter, his wiCe ~
or nrder, in the manner hereinafter spec~ficd, the p~ incipal sum oi N i f ty 'Pwo 1~housand and No/ 1O0--------------
!S 52,000.00 ~
;'i~th i~~teiest from date at !he rate oi 12.0 pei c~nt, En~i ~nnum on the h,,ianc~~ t~r~m r,nnr~ to time ~emaininy unpa~d. The sa~d prinCipal
.i~,ci interest shaU be payable in la~vi~,11 mpuf•y ol thN Un~trd Sta:~rc i~f l~me~~~:a at jqQ N.F.. F~1ge~.~<tt~ t' I)C. , StutlCt, F1 . 3349b
~~r at such p!ace as may hereafter be:ies~gnatr~f by ~r~ ~t~en rwt~ce from the I,olde~ ~u tl:~~ ~n~ker hr~:~ul, un [he date and in th~~ manner fotlowing:
This Note is payable Monthly in equal installments as folloa~s: R~~innin~; on April 1, 198~
[he sum of $572.58, and a like sum payable o-~ the same day in eacli month, in eae~h year
thereafter, unril ttie entire principal sum rcmainin~ unp~~id, [~gether with ac~~rued in[erest
remaining unpaid, shall be due and payable on March 1, 1y84, which final paymen[ shall be
in the amount of $49,890.1b.
All payments are to be appli~d first to interest aE the rate specified her~in upon the
principal sum remaining, and the balance of each payment shall be applied to principal.
This Note is prepayablc in whol~_ or in par[ a[ a~iy tim~ withuut penalty.
This note ~vith ~~iterest ~s s~ccu~f:d by a niurtq,;y~~ on real estate, of evrrn cia?e he~e•nrith, rna~fe by the maker hereof ~n favor of the
-a ~f pay~e, ared shafl t~e const-ued and enforced ~ccord+Ag to the laws of the $tace ot F lor ida Th~ terms of said mortgage
are by this referenc? made a part hereof. +
tf default be made in the ~~aysr~r.r.t oi any of tlie sums or :nt~.r~.st n~~r~~r~~.ne•d hr~e~n ur i~ said mertqa~, or ~n the perfo~mance
~~f ~ny of the agreements containc~d hPrein or ~n s~~:~i mortya~~~. then tl~e er,*,;,~~ ~,. ~u,,;~;,~ ;,jm and accrued interest shall at the option of the
~-~ rfer hereof beCOme at once due and coll~rctibl.r ~,~thout nohce, t~me b~:~~~r~ ~it *,n~ ~r~.,:•e~ce, enc! taid principal sum and accrued interest shall
~~~.rth t,ear interest trom such ;ime until pai~i ar thPhighest rar~ allo•:rablc unrf~, ti~•~ I.,~•: : ~it th~ State of F1oY id~ Failure
~o exercise th~s option shall not const~tute a~~ai~!er of the right to exPrc~s~ ll~~t . nir ,~; th~r ~rvnnt ot any s~bsequen- defa~lt
Each pQrson tiable hereon vr+~ether maker ~~r endorser, herei,y ~;r~~v=•< ~~iese~!imcnt, protest, ~ohce, no~ico ot protest and notice
~f ri:shonor and agrees to pay all tosts, mc!uding a~casonable attorn~y's fC~•, ::h~•rhe~ suit I~e brauqi~t or not, ~f, after maturity ot this note
o default hereunder, or under sa~d mortqaqe, counsr.l shall he ~n~(TI(iyP(~ IO f_Ul~ect th~s note or to protect thv security of said mortgage.
Wherever used here in the termc 'holder', 'makr.r' and 'payea' Sh~lt be Cu~~stru~d ~n the sinqul3r or plural as the context may
~: r~~ire or admit_
MAKER'S ADDRESS ^
~ ~ ~`t-~~ ' ~-~ .
. - - --- -- ------- ---
14 Okanagan Drive i? Rohe:t P. Cowan = Q
Ottawa, Canada K2fi 7E8 ~ `~ _ ___ y ~
AND the murtgagur !~ere~~- further cu~•~~n.uit~ .u~cl <<grE~s tu pa~• ~,rump!I~• when due the ~,rin- ----
cipal and interest ~ind uther sums of mone~• ~-ro~~id~~~l f~,r in ~aid nute and this mortgage, or either;
t~~ pa~• all .tnd singular the taxes, ~i,sek~mE:nts. :e~~ie,, lial,ilities, ublig~-tions and encumbrances of
c~•er~• nature un said ~-rul,ert~~ ; tu permit, c~-mmit ur .ulFt•r nu ~~~a,te, impairment or deterior~tiun
uf suid I~~nd ur the im{±ru~~~•ment~ therew~ at an~• tin~e: tu kr~~~ the i,uildings nu«• or hereafter ou
,aid land fullS~ in~nrecl in x sum ~-f nut le~:~ th.u~ it~ full insurxt~le ~~.-iur, t~ut in nu e~~ent le~.~ than the
.imuwit serured L-~• this murtg.i~,-e, in .t cum~~xn~- ~-r cum~r.~nie, .irc~~ptai~ie tu the murtKagee, the pol-
ic~ ur ~~olicies tu i,e held i~~•, and pa~~xi~le tu. s~ii~i m~rrtg~~Kee, and i~i the e~•ent .u~~• sum „f mone~~
t,ecomes p.:~•at,le b~• ~•irtuE ~~f ~uch insuranc~~ ~i~e m~~rt~.ra~,~~•~• shall h.t~•e th~• right t~- recei~-~• and a~--
pl~• the same t~- the ind~~l,tedne~.ti herel,~• ~ecure~l, accuunting t~, the m~~rt~,•x~,-~~r for an~- •urf-lus; tu
~,a~• all cust~~, charges, .in~l t•xpense~. includin~,• l.i~~-ccr'~ ft•~~s and title .r.-rrhE~s. r~ :~snnaF~l~• incurre~d
nr p.iid t~~' the m~~rtKa~,•e~• b~•c:tu~e of the failure ~~f th~• m~~rt}!:iy,•ur t~~ ~-r„m~-tl~• :u~~i full}- ~•~-m{~I~•
~~~iih the xgreementa, .tipulati~,n~. c~~nciitiuns and ~•~~~•~•n:~~tt• ~~f s~!i~l n~-!:~ an~l this mort~,•:~~,-e. or
:~itht•r: in th~~ c~~•t~nt tht~ murt~,•:i~,<<~r f:iil, t~- p:t}• ~~-h •n elu+• :-n~• tax, :~;~e~~me~nt, in~ur:ince ~~remium ~,r
other sum of m~,ne~• ~r.~~-able U~• cirtue ~-f sai~l ~-ut~~ :ind thi5 m~~rtga~~~, ur cither, th~~ mortKagee m.i~-
~-a~- the ~ame. ~~•ith~,ut ~~~ai~~inK ~,r affectin~,- th~~ ~~~,ti~~n tn f~~rc~cl~~~r ~,r .~n~• ~-thf~r riKi~t hereundFr, and
all ~uch pa~•m~~nts ~hall f,ear interest fr„m dat~~'h~•r~~~~f at th~• hi}-h~~~( I:t~+•ful rate the~n all~~~~•~~~1 b~-
the la~~•ti ~-f th~• State ~,f FI~-rida.
IF an~- ~um ~f monr~• herc~in r~•fc~rred t~- t,~~ nut i-r~;m~-tl~- ~-xid ~~•ithin thirty da:~s ne>xt aftE~r
the same bec~~mc~s: due, or if each :ind f~~•er~• thc• a~,-r~~~~m~~nt•. ~ti~~ul.ttinn~, conditi~~n~ and co~•enants
~,f ~aid n~-t~~ and th;s m~~rtRage, or ~~ither, ar~• n~-t full~• {,~~rf~rrmed, c~~mi-li~~d ~~•ith and .'i~)1(~f~d b~•.
thc~n the c~ntir~~ sum ment:~~ned in s<~i~i nntc~, an~l t his mort~,~a},•e, ~~r the e-~tire halanre un~~aid there-
~-n, shall f~~i•th~-.-ith or thc~reafter, at the u~~ti~,n nf t h~~ m~rrty,.i~-e~c~, b~~c~mc~ :~nd be due and pa~•able,
an~•thin~,- in ~aid n„t~~ ~~r herein t~ the c~ntrar~• n~~i~~-ith.t:-n~lin~. F.~ilur~~ i-~• thc• m~-rt~-a~-~e t~, c~xer-
ci~e xn~- of the riKhts ~r ~-ptions h~rein prm•idc~d ~h:ill nnt ~•~~n•htute a~~~:~i~•~~r ~-f an~- ri}.~hts or ~~i--
ti~ns under ~aid notc~ or this mortgaRc accruF•~i nr th~~r~•aft~•r accruin~-.
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g~~x35~ ~~~~1382