HomeMy WebLinkAbout2108MORTGAGE NOTE
.~,__ ------ ------------ -------- -----
i AMOUNT ~ucnr~oru onrt.
; 5 50,000.00 FuCt 1'i~~r~~r, Fl~~rid.~ ------ ----- -- .'1:~r~~t- ' i 1~!fil
FOR VALUE RECEIVED, thi• un~l,,~~~yn,t~l, Il~~,nti~ .~~Ni,rver,ilty, ,I n~~,~,• ~ii,~n „~~el p~ur~~~•,.•, r~i{~.+y t~~
1'heodore P. Crabiak and Arlen.~ K. ~:rabi:ik, l~is wifc•
~x order, in the manner he~e~nafter spec~fied, the ~~~~nc~{~al sum of r I H fY 'fHOUSAI3U :1nd 00/ 100 ----------------------
(S 50,1)OO.0~ -
s'r~th interest from ~1ale at th~ •~ie o) ~ j. SQ ,~er GEnI. l;r.~ ~~~r.uni r:n th~~ V»lanc~• fro~n turn° t~~ time ieniaininq uu~ia'r1. Thn St~id pr~nCip01
~ ~~; i~~ietesi zhall be p~y~bt~ in !a::!:;! rr.c:r.c~, a:f ±-~,. ~ ~,~~t~~+ ~~:.~!•~c ~1 Aro~~~;c ~.~t 21 ~) (?u.~v t\ss 1 S 1, hc•w Smyt'n:t lie~lch, F1 . 321)i
u~ at such place as may hereaiter be des~gnat~d hV tivr~tt~r~ nurce i~on, tt~e hoitlr~~ ~~~ ll~~r inak^r ht~i ~>~~f, on lhc datr. and in the manner foilo:ving'
Beginning April 23, 1981 and c~ntinuin}; munthly CIIE~rc•alCer, ~~yuai iiitc~rest p:iymi•nt~ ~si
$562. 50 shall he due and payahle c~n tli~ 23rd ~~F c~.ich m~~nti~, ~~~t i l t•farch 23, L9H2, :~t
which time the entire principal halance oC ~SO,Q00.00 together with any remainin}; interest,
stiall be due and payable .
This N~te may be prepaid in part or in wi~ole at an4 time wi~hout p~~nalty.
Th~s note ~v~th interest iz seci:red !iy a mortga~~~ un rea' ~ttate, ~t ~sv~rn ~1ate herew~th, macle !~y the make~ hereo~ in favor of the
-~~d payee, and shall be c~~nstrued and r.nforced accordinq tu the la.~~s ot thN Stat•r o` Florida •The terms ot said mortgage
a~~ by this refierence made a pa~t herec:f.
If default t~e made in the pa•Jmerit of a~~y of thn sums or ~nt~~~~:~t n,:,r•?",;,~:ct hr•rein o~ ~n sai~i mortqaqe, ar in the performa~ce
,,f any of the agreements contained he~e,n or in ~3id mortga,?, then thr~ ~r~+±~~e ;• {~~ ~~ +' '~um and dcc~uecl interest sh~l! at ihe opt~on of the
'~~~'der he~eof become at once iiu~ and Co~leCtible -v~th~ui nc~hce, time bNinq nt t:~~~ ~r~ .~ •~~~~; ~~~~1 sa~d ~~r«ncipa! cum and accrued interest Shell
!-,~?t: bear ir~terest from such time untii paid at the highest rate allowa':If~ u~~~'~~r t!~• I:~:. , r,f il,e State of F1 c~r ida Fai~ure
tc Qxercise this option shall not constitute a~~ai~?r af the right to exerc~t~~ ;!~~: -:~~ ~~ ~'t:•' ~;~~"~~t oi an•; sL'~sequent default.
r__.. .. . ~:.,.,~., ti ......... ...:....-.~, ..,~~o. .,. ~•nrli.~c..f hr~r~~hv ~~ r~~~.~c nre;~~ritn~ent. orotest. notice. not~ce ot pro!est an~i notice
LU1.11's4iJili~ riu.~~.. ..a..a.,~ .. ....... .. .. .. . - ~ . . '
of dfshonor and agrees to pay all costs, induding a reasonablF> att~me~~'s iec, :tih~rthe~ 5ui[ tx~ tucuqlit or not, tf, aEter matuiity of this note
o• defau{t hereunder, or under said mortgaqe, counsei ~halt he eniployod tn cull~~ct ~h~s nrTC or to :~ro[~Ct ihe ser_u~i?y of said mortgage.
Wherever used he-e in the te~ms 'hot~er', 'ma~er' and 'payee' shall t:~~ con;trued ~n the singular or plural as the context may
require or admit.
MAKER'S AD~RESS ' ~ 1 ~
~~ L ~ ,,,_ ~: J ~_ ~ a :~ _ _. _ - --
~~ 1 4 Faher Avenue } , , ~..~ - - -- - - J z
JoH ~ , ..•~rtz ~ ~
. t . Pierce, Fla . 33'~ 50 ~ • - ~ , , ~.i , , r'/: :~ ~ ~ - - -- --- "
~7_ /J1J , ._ : _ -
J~ q~;:linc~ A. ~~..:rtz =""
AND the murtga~•ur h~•reU~- furthcr cu~•enant~ .~n~l .i~;rEr> t~~ {~x~~ ~-r~,m~~tl~• ~:~het~ du~ the prin- -
cipal and interest and uthcr sums ot mo~ie~- i-ro~-i~l~~~) fur in said nutc ana this mcrtgage, or either;
tu ~,.~~- all ~-ni~ singul.ir the taxes, assessments, lecit~:, lia},ilities, ul,ligati„n, xr~d encuml,rances of
e~•~r~• nature un sai~f j-r„~~crt~• ; tu ~~erm~t, c~~mmit nr ~utTrr n~~ ~~ x,te, im~riirment ~-r deteri„r~itiun
uf s~iid lan~l ur the im~~rv~~eme~~ts therew~ at .t~-~- tinu•: tu krc{, tt:e t,uilding, nu~~~ ur hereafter uu
~aid land fuliy- insure~ in <t sum uf not less th:u~ it~ full it~~ur.il~le ~~.~lue, but in no event les.~ than the
.-muunt secured 1~~• thi, m„rtgage, i~j a cum~r-n~•.~~r rumj~.tnie, acce~~tal,le t~; the m~~rt~,•a~,•ee, thc: }~ol-
ic~• or ~~ulicies tu i,e hel~! i,~•. ar.d pa}-al,le tu. s.~i~l murt~,•:~~,•e~:, ~inci in ihe ~~~•ent an~- •um „f m~~n~~~-
},ecumE•s p:-~~.:I,Ic if~• ~-irtu~~ uf suc•h insurane•~~ th~• m~~rty,~.i~,~~•c~ shall ha~~e the~ right t~~ recei~-~• and ~~{~-
pl~• the ~.ime to lh~• indt~btednea5 hereb~- ~ecured. :~cc~~untin~ i~~ the m~~rt~;a},-ur f~-r :u~~• ~~n~{~iu~: tn
E,at• all cost,~, charg~•,, .in~l ~•xpenses, includin},- lx~~'~~•r'. fe~~rs and titl~ s~•are•h~~s. rt~as~~nal~l}• inrurred
or p:~id I»• the m~-rtKay,•e~~ I~E•rause~ of th~~ failur~~ nf ih~~ m~~rt~.-.~~,~ur tu ~-rnm{-tl~- an~l full~- cum{-I~-
~sith the agreement~, ~tipul.~tinn~, c~rnditiuns and ru~•~~n.int; ~-f .ai~! n~-t~• an~l thi, mortK:i~,-e. ~r
~~itlier: in the t~:c~nt thr m~n•t~,.~},•~~r tail. tu p:i~~ ~~-h •n ~lu~• an~- tax. :~•:~~~:m~•nt. in~in-.uice preniium ~~r
~,ther sum uf m~me~• p:i~-al~le b~- ~~irtue uf sai~l n~-te~ :-nc) thi~ m~~rt~,-:~~,~~~, ur t•ither, the m~rtRaget~ ma}•
pa~• the ~ame, ~~•ith~-ut ~~•xiving or affecting th~~ ~~}~ti~~n t~~ f~,r~•cl~~~~~ „r as>>~ ~~th~~r right hereund~~r. :tnd
all such pa}•mE~nt~ .h.~ll hc~ar int~re~t fr~~m datc• th~•r~~~~f at th~~ hi~,-h~~.t la~~•Cul rate ihc~n all~~~~-c•~i h}~
the la~~•ti ~~f th~~ State ~~f Fl~,rida.
IF an~• ~um ~f n~rn~~~~• herein refc~rred t~~ I-~~ n~,t E-r„m~-tl~~ ~-:{i~! ~~~ithin th~ rty dxcs ne~t aft~•r
the same becumt~s due, or if each and e~~er~• th~~ a~,~r~•em~~nt~. ~ti{~ul.~ti~-n~, c~~nciit~~~n~. and co~•enant~
~-f ;aid n~~t~~ and this m~~rtKage, or either. s~r~• n~-t full}• ~~rrf~~rmc~d. c~~mj~li~~~l ~~•ith and ahided b~-.
thrn the c~ntir~• ~um menti~~ned in sai~l n~te•, an~1 t hi. m~irt},~.~~,-c•. ~~r the c~ntire }~alance unpaid there-
nn, shall f~~rth~cith ~r thc•reafter, at the opti~,n ~~f th~~ mr-rtKa~-~~~~, h~•~•~,me xr~d 1,~ due and pa~~ahle.
:ir~~~thin~,- in ~aid nntc~ ~-r herein t~ the c~ntrar~• n~~t«~ith~t:indin~. E'.~ilur~~ h~~ th~~ m~~rt~,-afi~~e tn ~xer-
cise an}• of the ri~ht~ nr options h~rein pr~~•i~li~~l ~ ii.-II n~~t ~•~~n;t~tut~~ .- ~~-ai~-e~r ~,f an~• riRht~ ~r ~-p-
tions unde: said n~~t~ or this mortKa~e accru~•~l nr th~~r~•aft~~r accruing.
Et~'.~351 Y~~~?~ nd
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