HomeMy WebLinkAbout0931 YOR'f~I?GE NOTE
A~1ptM1T ` LOCATIOq + • OATE .
• 95 800.00 F!. Pierce Florida A uat 26
FOR VALUE AEC~IVED, th~ untNr:ipn~d, ~jointly ~nd sev~rsliy, if more thsn one) p?omis~s ta psy to ~
Robert W. Ne~tt~erford and Nellie M. MeatherPord,~his Wif$
or orde~, in th~ ~?~ann~r h~ninah~? spscifi~d, tM prir~cip~l wm af lii
~'ifteen Thousand Sight Hundred and No/100 IS 15~800.00 1
With intarest from d~0e st ths rst~ of ~0.0000 Ptr cent, pu annum on tt~ balance from time to tin~e r~mai~in9 unp2id. The said princiRsl
and int~rest sh~ll b~ psysble i~ Iswful mon~y of the UnitW States of Am~rics at
or ac wch place ss msy h~reafter be desipna~ed by written notice from the holder to the maksr hareof, on the date and in the msnner fo~lowinp: i
This Note is payrable Monthly in equal install~ents as Pollows: Beginning
on September 26th, 1981 the sum of =152.~i9, and a like sum payable on the same ~ay in each
month, in each year thereafter, until the eatire
principal sum of t15800.00 together With interest, as herein provided, has been paid
in t1.i11.
In addition to tt,a pa~yments provided Por above, the entire principal sum remaining un-
paid~ together With accrued interest remaining unpaid, shall be due and ayable on
~9uSust.26..1A$6.....Which final p$yrment shall be in the amount of ~.~4:~~Q,Q~.........,
All pa~yctents are to be applied first to interest at the rate specified herein upon the
principal sum oP ~15800.00, or s~ aiuch thereof, as may from time to time remain unpaid
and the balance of eaeh pay ment shall be applied to principal.
This note is prep~y able in irhole or in part at any time ~ithout penalty .
This note wiih interest is secure~ by a martg3pe on real estate, of even date herewith, made by the maker hereof in favor of the
said payee, and shall be construed snd enforced according to the laws of the Stats of Fl~rida The terms of ssid mortgage
are by this reference made a psrt hereof.
If default be msde in the psyment of any of the wms or intgrest mentionsd herein or in said mortgage, or in the performance
of any of the agreements conUined herein or in said mott~aage, then the entire principal sum and axrurd interest shall at the option of the
holder hereof become st once due and collectible without notice, time being of the essence; and sa;d principal wm and aocrued interest shall
both bear interest from wch time until paid at the highest rote allowable under the laws of the State of Florida Failure
io exercise this aption shall not tonstitute s waiverof the ri~ht to exercise the same in the event of any wbsequent default.
Eadi person lishk hereon whether maker or endorser, heraby waives presencment, protest, notica, notice of protest and notice
of disi~o~or and agrees to pay all costt, including a reasonsble attorney's fee, whether suit be brought or not, if, after maturity of this nots
or default hereu~der, or under said mortya~e, counsel shall be employed to collect this note or to prouct the secwiiy of said mortgage.
Wherever used here in the terms 'hold4r', 'maker' and 'payee' shall be construed in the singular ar plural as d~e eontext mry
requin or admit
_ . .
'i AND the mortgagor hereby further covenanty and agrees to pay promptly when due the prin-
cipal and interest and other sums of money provided for in said note and this mortgage, or either;
~ to pay all and singular the taxes, asaessments. lev:e~, liabilities, obligations and encumbrancea of
every nature on said property; to permit, commit or suffer no waste, impairment or deterioration
~ of aaid land or ihe improvements thereon at any time ; to keep the buildings nuw or hereafter on
i said land fuily insured in a sum of not lesa than its ful! insurable value, but in no event less than the
amount secured by thia mortgage, in a company or companies accep±able to the mortgagee, the pol-
icy or policiea to be held by, and payable to, said mortgagee, and in the event any sum of mone}•
becomes payable by virtue of such inaurance the mortgagee shall have the right to receive and ap-
ply the same to the indebtedness hereby secured, accou~ting to the mortgagor for any surplus; to
pay all costs, charges, and expenses, including lawyer's fees and t;tle searches, reasonably incurred
or p:.id by the mortgagee because of the failure of the mortgagor to promptlS• and fully comply
with the agreements, stipulations, conditions and cuvenan~s of said note and this mortgage, or
either; in the event the mortgagor fails to pa~~ ~vh~n due any tax, asse~,gment, inQurance pr2mium or
( other sum of money payable by virtue of said note and this mortgage, or either~ the mortgagee may
pay the same, without waiving or affecting the option to foreclose or any other right hereunder, and
all such paymen~g shal) bear interest from date thereof at the highest lawful rate then allowed by
the laws of th~ Statp of Fl~rida.
i ~
~ th irt
~ jF any sum of money herein referred to b2 not promptly paid withit~ y days next after
the same becomes due~ or if each and every the agreement~~, stipulations, ~onditions and covenants
M of said n~te and this mortgage, or either, are not fully performed, complied with xnd abide~I by.
then the entire sum mentioned in said note, xnd this mortgage, or the entire balance unpaid there-
~ an~ shsll forthwith or thereafter, at the option of the mortgagee, become and be dae and payable.
E anything in said note or herein to the contrary :~ot~~ithstandine. Failure bv tlie mortgagee to exer-
~ cise any of the rights or options herein provided ~hall not constitute a waiver af any rights or op- ~
~ tions under said note o: this mortgage accrued or thereafter accruing.
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~ P~ 931
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