HomeMy WebLinkAbout2108MORTGAGENOTE
S~~~Ob0.00 ~~ATION ~rt Pierce, Cloricla
OATE
.Ianuary 1~81
FOR VALUE RECEIVEO, the unciers~gned, (jointly and seve~ally, if more than one) promises to pay to '
William J. Dircks and Rosemarie B. Dircks, his wife ~
Of Ofdlf. in the manne- he~einafter specified. the principal sum of 'Iw-enty 'Ihousand alld 00~100 - - - - - - - - - - - - - - - - - - - ~ ~
~S 20 , 000 . 00 ~
With inte~est from date at the rate of 12 • 0 per cent, pe~ annum on the balance trom time to time remaining unpaid. The said principal "
ar~d interest shall be payable in lawful maney oi the United States of America at 5104 Ba1taI1 R08d, Washington, D.C. 2~016 ~.
or at such plaoe as may hereatter be desiqnated by written notice trom the holder to the make~ hereof~ on the date and in the manner following: ,
'lfie swn of ~10,000.00 is due and payable January 30, 1982, as payment of part of the
principal, with the remaining ~1Q,000.00 principal payable January 30, 1983.
~Interest payments on the principal amount rc~n~zining due shall be paid in Quarterly
i~istallments, beginning April 30, 1981, and continuing quarterly interest payments
u~on the remaining principal balance shall be paid each July 30, October 30 and
January 30 thereafter until the entire principal balance and any remaining i~terest
due thereon is paid in full January 30, 1983.
Zhis note may be prepaid in part or in full at any time witliout penalty.
This note with interest is securecl by a mortgage on reat estate, oi evei~ date hcrewith, made by the maker hereof in favor of the
sa~d payee, enJ shall be construed and enfwceJ 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 payme~t of any of the sums or interest mentioned herein or in said mortgage, or in ihe performance
of any of the agreements contained herein or in said mortgage, then the entire p-mci~,al sum and accrued interest shall at the option of the
t~older hereof become at once due and collectible without notice, time bemg of the essence; and said principal sum and accrued interest shall
t~oth bear interest from wch time until paid at the highest rate allowable under tf~P laws of the State of Florida - Failure
to exercise this option shall not co~stitute a waiver of the right to exercise the same in the event of any subsequent 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, whether suit be brought or not, if, after maturity of this not~
or default hereunder, or under said mortgage, counsel shall be employed to collect this note or to protect the security of said mortgage.
Wherever used here in ihe terms 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may
,
require or admit.
MAKER'S AODRESS / ~~ ~,{ r A .1 .'
Suite 940, 414 1Valnut Street ~pha~~2~ ~v ~~ Q
Cincin~ti, Ohio 45202 . _ ~_
AND the mortgagor hereby further covenants xnd agrees tu pa~ j~romptly when due the prin-
cipal and interest and other sums of money provided fur in said note and this mortgage, or either;
to pay all and singular the taxes, assessments, levie,, liabilities, obligations and encumbrances of
every naturc on said pruperty ; to permit, commit or suffer no ~~ aste, impairment or deterioration
of said land or the im~~ruvements thereon at any time; tu keep the buildings now or hereafter on
~aid land fully insured in a sum uf not less than its fult insurable value, but in no event less than the
amount secured by this murtgage~ in a tompan~~ ur compxnies acceptable to the mortgagee, the pol-
icS or policies to be held b~•, and payable to, said mortgagee, and in the event an~• sum of monet•
becomes payable b~• ~irtue of surh insurance the mortgagee shall ha~~e the right to receive and ap-
ply the same to the indebtedness hereby secured, accounting to the mortgagor for an~ surplus; to
pay all costs~ charges, and expenses, including lawcer's fees and title searches, reasonabl~~ incurred
or paid by the mortgagee because of the failure of 1he mortgagor to >>romptl~• and full~• compl~
with the agreements, :stipulatio~s, conditiuns and coven:int~ of said n~te and this mortgage, or
either: in the event the mort~agor fxil. to pa}• ~rh~m due an~• tax. a~.~c~.~ment, in~urance premium or
other sum of money pa~•aUle by virtue of saicl note :ind this mortgage, or either. the mortgagee ma~•
pay the same. without waiving or_affecting the o~-tion to foreclose or an~• other right hereunder, and
all such payments shall bear interest from date thereof at the highest la~vful rate then alloH•ed b~-
the laws of the State of Florida.
!F any sum of money herein referred to i,e not promptl~• paid H ithin thirty days next after
the same becomes due, or if each and every the agreemen~g. ~tipulations, conditions and covenan~~c
of said note and thts mortgage, or either, are not full~• 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 any of the rights or options herein provided ~hall nat constitute a waiver uf any rights or op-
tions under said note or this mortgage accrued or thert~after accruing.
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8~ 348 P~~E ~'106
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