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~~ 100.00
I.OCATION
Ft. P~erce. F?arida
DATE
F~bruary 4~ ta91
FOR VALUE RECEIVED. the undersigned. Ijointly and severally, if mo~e than one) promises to pay to
Williaa~ E. Rice 2197 S. E. Shippit~g RoBd
. ~ Port St. Lucie, Florida 33452
or order, in ths m~~ner he~einsfte~ specified, the principal sum of
Three Thousand One Hundred and No/100 ------------------------------- IS 3~100.pp1-
VUith interest from date st the ~sie of ~ ~~ OOOOPer cent, per annum on the balance from time to time remaining unpaid. The said principal
and interest shall bs paysble in lawtul mo~ey of the United States of America at
or at such place u msy heresfter be desiyns~ed by written notice i~om the holder to the maker hereof, o~ Me date and in the manner followiiq:
Principal and interest is payable Monthly in equal installments as follars: Beginning
on March 4~ 1g81, the s~ of ~187.62, and the same amount on the same day of each
a:onth, in each year thereafter, until the entire
principal su~o of a3100.00 together with interest~ aa herein provi~ed~ has~been paid
in full.
All payments are to be appliecl first t~t~ `~ at the rate specified herein upon the
principal sum of ~3100.00, or so ~eof, c-ay from time to tin~e remain unpaid
and the balance of eaeh payment ~,,b'~~~ a~~ied o priraipal.
This note is `~~~-" ~ ~
prepayable in vhole o p~ part at any time without penalty.
This note with interest is secured by a mortgage on real estate, of eve~ date herewith, made by the maker hereof in favor of thq
sa+d payee, and shall be construed and enforced according to the laws of the State of Florida The terms of said mortgage
are by this reference made a part hereof. .
If default be made in the payment of any of the sums or interest mentioned herein w in said mortgage, o~ in the performance
of any of the agreements contained herein or in said mortgage, then the enti~e p~incipal sum arad acc~ued interest shall at the option of the
holder hereof become at once due and collectible without notice, time being of the essence; and said principal wm and accrued interest shall
both bear intgrest from wch time until peid at the highest rate allowable under the iaws of the State of Floric!a Failure
to exercise this option shall not constitute a waiver of the right to exercise the same 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 costs, including a reasonable attorney's fee, vrhether wit be brought or not, if, after maturity of this note
or default he~eunder, or under said mortgage, counsel shall be employed to collect this note or to protect the security of said mortgaqe.
Wherever used here in the terms 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may
require or admiL
MAKER'S ADDRESS
~
-' rr F.~ Broran ~
< , a
W y~
N y
Lois E. Hro+~m
AND the mortgagor hereby further cuvenant~ <<nd agrees to paS• promptly when due the prin-
cipal and interest and other sums of moncy provided for in said note and this mortgage. or either;
to pa~ all and singular the taxes. assessments. levies, liabilities, obligations and eneum6ra~nces of
every nature un said property; to permit, commit ur suffer no ~•aste, impairment or deterioration
of said land or the impru~ements thereon at an~• time; tu keep the buildings now or hereafter oii
said land fully insured in a sum of not less than its full insurable ~•alue. but in no event less than the
amount secured by this mortgage. in a compan~• or rompanies acceptable to the mortgagee. the pol-
icy or policies to be held b3, and payable tb, said mortgagee, and in the event an~ sum of mone~•
becomes pa~~able b~• virtue of such insurance the mortgagee shall have the right to recei~e and a~~-
ply the same to the indebtedness hereby ~ecured. accounting to the murtgagor for an~• surplus; to
pay all costs, eharges, and expenses, including laH•~•er's fees and title searches, reasonabl~ incurred
or paid by the mortgagee because of the failure uf the mortgagor to promptl~• anil full~• compl5'
with the agreements, stipulations, conditions and cuvenants of said note and this mortgage, or
either; in the event the mortgagor fxils to pa~• ~~•hen due any tax. a~.~ex~rnent, insurance premium or
other sum of money pa~•able by virtue of said note ancl this mortgage, or either, the mortgagee ma~
pay the same, without H aiving or affecting the o~ition to foreclose or an~• other right hereunder, and
all such pa~ men~4 shall bear interest from date thereof at the highest law ful rate then allo~~•ed b~
the laws of the State of Florida.
IF an}• sum of money herein referred to be not promptl~• paid ~+ithin thirty daSs next after
the same becomes due, or if each and ever~ the agreements, stipulations, conditions and covenan~g
of said note and this mortgage. or either, are not fully performed, complied with and abided by.
then the entire sum mentioned in said note, and t his mortgage, or the entire balance unpaid there-
on, shall forthK ith or thereafter, at the option of t he mortgagee, become and be due and pa~•able,
anything in said note or herein to the contrar~ not~~•ithstanding. Failure b~ the mortgagee to exer=
cise anv of the rights or options herein provided ~ hall not constitute a waiver of anr rights or op-
tions under said note or this mortgage accrued or thereafter accruing.
s~3~8 Pac~ 5.39
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