HomeMy WebLinkAbout0996 AMOUNT IOCATtON OATE
s 9,375.00 t~ort 1'icrcc, I~lorid:t Junc J, 1981
FOR VALUE RECEIVED. the u~ders~gned, ~joinNv and severatly, if more than o~~c) prom~ses to pey to
ttutchinson Island I.imited, Inc.
or orde~, in the manne~ herei~after specitied, the principal sum of N111C 7~lOtl~.llld •rn~~ ~i~~a~~a s~~~nty-1~1vC ~illd
no/100-------------------------------------------------------------IS ~,375.00 ?
With inte~est f~om date at the rate of 15. Q pe~ cent, pe~ annum on the I~atance from time to time remaining unpaid. The said principal
and interest shall be payable in lawtul money ot the Unitecl States of America at I~ort 1'iercc', 1~101'lc~~
or at such place as may he~eaiter be designated by written notice frum the hotder to the maker t~ereoi, on the date a~~d in the manner following:
The entire pt•incipal indebtedness, together xith accrued interest thereon, at
the rate described herein, shall be due and payable on or before 60 days from
the datz herein.
This note with interest is secu?ed by a mortgage on real~estate, of ever. riate here~yith, made by the maker hereot in favo~ of the
said payee, and shall be construed a~d enforced according to the ~aws of the State ot I~lorida The terms of said mortgage {
are by this reference made a part hereof. . 1
If default be made in the payment of any of the sums or interest mentioned hQrein or in said mortgage, or in the performance I'
of any of the aqreements contained herein or in said mortgage, then the entire i,; ;r~c~;~at sum and acc~ued interest shall at the option of the
holder hereof become at once due and collectible without notice, time being of dse essenr_e; and said pri~cipal sum and accrued interest shall
both bear interest from wch time until paid at the highest rate allowable u~xie~ th~ !a~•:s of ihe State of Florida Failure
to exercise this option shall ~ot constitute a waiver of the right to exercise tl~c ;e,~~e in tlie event of any subsequent default_
Each person liable hereon whether make? or endorser, hereby ~va~ves presentment, protest, notice, notice of protest and notice
of dishonor and agrees to pay all costs, including a reasonable attorney's fe~, whetF~er suit be brought or not, if, after maturity of this note
o~ default hereunder, or under said mortgage, counsel shatl be employed to collect this note or to protect the security of said mortgage.
Whereve~ used here in the terms 'hoEder', 'maker' and 'payce' shall be construed in the singular er plural as the context may
require or admit.
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AND the mortgagor hereb~• further cuvenxnl~ and agrees to pa~• ~~rumptly when due the pru~-
~ ci~al and interest and other sums of moue~• pro~ided fur in said note and this mortgage. ur either;
~ tu pa~• :~tl and singular the taxes~ assessments, le~~ies, liabilities, obligations and encumbrances of
e~•ery n~ture un said 1?ropert~~ ; tu permit, commit ur sulFer no ~?-a~5te, impairment or deterioration
of said land ur the impru~~emcnts thereon at an~• time: tu keep the buildings nuH• or hereafter o~~
said land fully insured in a sum of not Iess than its Cull insurable ~~xluc, but in no event le~.~ than the
umount serured by this mortgage, in a compan}- or rompanies arce~rtable to the mortgagee, the pol-
~ ic~• or policies tu bc held by-, and payable to, s~iid mortgagee. and in the e~•e•nt :~n~• sum of mone~-
becomes pa~•able b~• cirtue o( surh insurance the mortgagee shall ha~•e th~~ right tv recei~•e.xnd ap-
~ ply the same to the indebtedness hereb~• securecl, .~ccuunting to the murtgagur for an~• surplus; tu
E,a~~ all costs, charges, and expenses, includin~? la~+•~•er's fees .ind title se.~rches, r~~.isonabl~• incurred
~ or paid b~• the mortgage~~ because of the failure uf the m~?rt~?agur to ~rr~,mptl~• :~nd fullr compl~•
~ ~~•ith the agreements, stipulations, cunditio~~ti and co~•enants of ~aid n~~te and this mortgage, or
either; in the c~•rnt th~• mortg.?~ur f:iils tu pa~• ~~•h~~n ~lu~~ an~• tax, assessment, in~urance premium or
~ other sum of monet• p.i~•aLle b~ virtue of saici n~rte and this m~~rtga~c, or either, the mortgagee ma~•
~ pa~~ the same, ~~•ithout ~~~aiving or afTecting the o~~ti~?n t~? f~jrecl~,se or an~- other right hereunder, and ~
all such pa~~ments shail bear interest from date th~•rt~~~f at the hiKhest 1:1«~ful rate then allmred b~-
the la~~•s of thr State of Florida.
~ IF an~• sum ot monc~ herein referred to i?e n~,t ~fr~~mi?tl~• paici ~sithin thirty da~•s nert after '
~ the same becomes due. or if each and everr the aKreement~, stipiilations, conditions and co~•enants
~ ~~f said note and this mortgage, or either, arc not full~• performed, complicd ~~•ith and abided b~•.
~ then the entire sum mentioned in said note, and f hi. mortKaKe, or the entire balance unpaid there-
; on, shall fr,rth~cith or thercafter, at the option ~?f t h~~ mortKa~ce, bccome and be due and pa~•able. ;
; anything in said note or herein to the contrar~- n~~h~•ithtitandin~. Failure h~• the mort~agee to exer- '
k cise anp of the rights or ~ptions herein providc~d ~hs~ll n.?t ~~~~n.titut~~ a~raicer of an~• riRhts or op-
tions under said note or this mortgage accrued ~~rther~•afler.iccruing.
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