HomeMy WebLinkAbout2923LOCATION ~ATE
Fort Picrce. Floti~ cxtQb~•.r 15~ 19
FOR VAIUE NECEIVED, thr undeisi,ynud, (l~intly .-n~l severally, ~f m~~~u Ih,~n onel {-~t-~-~~Ses tu ~~ay to
MARY W. 11-iA'1'(}II:R
or order, in the manner hereinatter specifie~i, the piir~cipal sum ot
Fifty-Six Tho~,~sand, Eight liundred and no/100-------------------------~S56,800.00------- -
With interest from date at the ~ate of 10.00 per cem, ~i annum on the bal~r.ci~ 1rom hme to timc rema~n~ng unpaid. The said principal
and inte~est shall be payahle in lawful m~ney o1 the United States of America at ~rt Pi erce ~ Floricia
or at such plaCe as may hereafte~ be designated by written notice trom tlie hc~lder to the maker hereof, on the date and in the manner following:
Principal and interest is to be paid in equal monthly installments. 17~e first payment
shall be due on IVovember 15, 1980 in the amount of s750.61 and~the same :~nount shall
be due on the lStli day of each calendar month thereafter until October 15, 1990 at
~fiich time a final payment in tlie amount of s7~4,21 shall be made, and at which time
the entire principal swn of s56,800.00 together with interest as herein provided shall
have been paid in full.
Al1 payments are to be applieci first to interest at the race specified herein upon
the principul suon of ~56,800.U0, or so mtch thereof, as may from time to time remain
unpaid and the balance of each payment shall be applied to principal. .
This note is prepayable in whole oi• in part at ~r-y time M~ithout penalty.
This note ~vith interest is secured by a rnortgage on real estate, af even date herewith, made Cy the makei hereof in favor of the
said payee, and shall be construed and entorce~l acco~cling to the laws of ihe State ot Florida The terms of said mortgage
,
are by this refere~ce made a part hereoi. .
~ If default be made in the payment of any of the sums or interest mentioned tierem or in said mortgagr, or in the performance
of any of the agreements contained herein or i~ said mo~tgagr_, then the r.ntirrr ~;r ~~~c~i,.J siim and accrued interest shall at the option of the
holder hereof become at once due and collectible ~vithout notice, time beinq ~f the ~•~s~.nce; and said p-incipal sum and accrued interest shall
both bear interest from wch time until paid at the highest rate allowable un~ier th~• I,:v , ot thc State of Florida Failure
to exercise this option shall not const~tute a~+aiver of the right to exercise tti~: >.,mc in th~ event of any s~bseyuent default.
Each person liable herron whether maker or endo~ser, hereby waives presentment, protest, notice, notice of protest an~ notice
of dishonor and agrees to pay all costs, including a reasonable attornay's fee, whether suit be brought or r-ot, if, after maturity of this note
or default hereunder, or under said mortgage, counsel shall be employed to collect ihis note or to protect the security of said mortgage.
Whe~ever used here i~ the terms 'holder', 'maker' and 'payee' shall t~ construed in the singular or pturat as the context may
require or admit. PORT PIERCE FOOD MART, INC.
MAKER'S ADDRESS -
• S/ Elsie Meier
--------- ------ - - --- - - - Q--Elsie-1°fe3er~/~ce ~I r s~en~Q
~S/Robert Meier N
--- ------------ - - - -- - -- - Rober~Me ier -5ec~f~i`Y_'-
AND the mortgagur hereby further covenant~ :~nd ugree~ tu pa~• j-rumptly when due the prin-
cipal and interest anc~ other sums of money pru~ ided fur in tiaid note and this mottgage, or either;
to N~~~• all and singul.ir the taxes, aase~ments, levic~, liabilities, obligations and encumbrances of
every nxture un said property ; tu ~ermit, commit ur ,utFer no ~~-aste, impairment or deteriuration
of said land or the impru~•ements thereun at an~• timc ; to keep the building:~ now or hereafter o~i
said land fuUy insured in a sum uf nut less than its full insurable ~~xlue, but in no event le~.~ than the
amuunt secured b~• this murtgage, in a compxn~• or com~r.u~ieY aicce~,table to the mortgagee, the pol-
ic~• or policies to Le held b~•. and payable tu. sxid murtgagee. and in the event an~• sum ~~f mone~•
becomes pa~•~iLle b~• ~•irtue uf such insuranre the m~~rtgagee.shall ha~•e thc~.right to recei~e and ap-
ply the same tu the indeLtedness hereb~• secured, acrounting to the mortgagor for an}• surplus; to
pay all costs, charges, and expenses, includin~ la~~•~•er's fees .uid title scurches, reasonablt~ incurred
or paid b~ the mortgagee because of the failure uf the murt~;agor to prumptl~• and full~• compl~•
with the agreements, stipulations, cvnditiun~ and cuven~nt. of said note and this mort~age. or
either; in the c:~•ent thi• murtgs~gor fails to pa~• ~~•h~~n due .u~~~ tax, a~.e~.~ment, in.urance premium or
other sum of mone~• pa~•able by virtuc of said n~~te :ind this mortgage, or either, the mortgagce ma~•
pa~• the same. without ~~•aiving or affecting the ~,~-ti~,n to foreclose or an~• other right hereunder, and
all such pa~•men~g ahall hear interest from date th~•r~~~-f at thc highest la~~•ful rate then alln«~ed b~•
the la~~s of thc~ State of Florida.
IF am• sum of money herein referred to I,e n~,t prumptl~• paid ~~ithin fifteen da~~s next after
the same bec~mes due, or if each and ever~• the agrE~ements, sti~-ulati~ns, conditions and co~~enanL~
~,f said note and this mortgage, or either; arc: not full~• performed, c~-mplied «~ith and abided by.
then the entirc• sum mentioned in s~id notc~, and 1 his mortKaKe, or the entire balance unpaid there-
~,n, shall f~~rth«•ith or thereafter, at the opti~,n of t hc~ mortKaKee, bec•ome and be due and pa~~able.
an~•thing in said note or herein t~ the contrar~• n~-hrith~ctan~linK. Failure i,~• thc mortAagee to exer-
cise am• of the rights or ~ptions herein prn~~ided ~ hall n~~t r~mtit~tute a waiver of an~• riRh~g or op-
tions under said note or this mortga~e accruE~d ~-r t he~r~~aft~~r accruinK.
!
s
Fg
3 ~
~?'~ ~-. ~ ~t.:~-'*' _ . „~_ _. ._ . : ~
~~~x 348 FdGE2~~1
A~
-. a e u~