HomeMy WebLinkAbout0961 .i?,tpUNT IOCATION DATE
Ls~%,OU0.00 Fort Pierce, Florida September 26, 1984
FOR VALUE RECEIVED, the undersig,~ed, (jointly and severally, i( more than one) prornises to pay to
i.~: cia T. Lennard
~ order, in the manner hereinafter speci(ied, the principal sum of !'HIRTY SEVE~] THOUSAND AND NO/100---------------
- ------------------------------------------------------------------------~~37,000.00 ~
,:•th i~iterest from date at the rate of 10 per cent, per annum on the balance from time to time remaining unpaid. The said principal
:,d interest shall be payable in lawful money of the United States of Amer~ca at
~:r at such place as may hereafter t~e desigr.ated by written notice from tt~e holder to the maker hereof, on the date and in the manner tollowing:
.,~is note is payable as follows:
~u ~1ctober 26, 19$4, the sum of $857.41 sl~all be due and payable. ,
i~i a~dition to the payment provided for above, Principal and Interest is payable
in 4U consecutive quarterly payments of $1,474.07 each, until tl~e entire principal sum,
t:~geCher witli interest, as provided herein has been paid in full.
:;~is note sliall have a grace period of ten days after which time a late cfiarge o~
:~?0.00 will be incurred.
ii~is note is pa~•able in whole or in part at a~iy tim~ wittiout penalty.
Thit note with interest is secured by a mortgage on real estate, of even date hereNith, made by the maker hereof in favor of the
sald payee, and shall be construed and enforced according to the faws of the State of r lorida The terms of said mortg~ge
a~e by this reference made a part her~of.
If defautt be made in the payment of any of the sums o~ interest mentioned herein or in said mortgage, or in the performance
~-~t any of the ag?eements contained hereir~ or in said mortgage, then the entire prir,ci~~al sum and accrued interest shall at the option of the
~ clder hereof become at once due and collectible without notice, t'sme being of the essence; and said p~incipal sum and accrued interest shall
:~o!i~ bear interest from such time until paid at the highest rate allowable under the laws of the State of Florida Fa:lure
'c exercise this option shall not constitute a waiver of the right to exercise the sa~ne 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
dishonor and agrees to pay atl costs, including a reasonab(e attorney's fee, whether suit be brought or not, if, after maturity of this note
default hereunder, or under said mortgage, counsel shall be employed to collect this note or to proteci the secu~ity of said mortgage.
Wherever used here +n the terms 'holder', 'maker' and 'payee' shall be construed in the singular or plural as the context may
= qu+re or admii.
MAKER'S AODRESS ~ . /f ~c~~
1..~~
..___rt _~^^e~P enr e a accese ~
a
~
AND the Rwrtgagur hiret~~~ further cu~~enant~ ~inci agree~ tu ~~x~- ~~rum{~tl~~ «•hen due the prin-
ci~~~il anci i~~terest and uther sunis of mone~~ pru~-iciE~ci fur in saia nut~ and this mortgage, or eithei~;
tu ~?1! and ~ingufar the iaxcs, ~lJSf'SSft1E11~~. I(~'It'~, li~il~i!?t~!~~, ~~hligation, and encumbrances of
u~er~~ nature un ~aic~ ~roE~e:t}•; tu ~~ermii, c~~mmit ur sufCer no ~s~~~te, impairment or deterior~ition
ut sxicl !a?icl vr the im~lr~~~~eme?its thereon at .,n~- tim~~; tv keep the i~uilding~ no~s or hereafter ot~
~aicl lanc! full~~ i?~~ured in ~i ~um uf nut less thun it~ full in`urable ~~alue, but in no e~•ent less than the
<imuunt secured l~~• this murtg~ige, in a cumpan~~ ur cum~~<<t~ies acceE~t<it,le tv the mortg~gee, the pol-
ic~- or policies tu I,e hel~l l?~~, and pa~-al>le t~~, ,~u~l n~~~rt~,~xgee, xnci in the e~~ent an~• sum uf mc~ne~-
I~ecume~ p<<~~~?ble ~•irtuE~ uf surh insuranc~~ the m~~rt~,~a~<<•e shall hx~~e the right t~~ recei~~e and aE~-
pl~• the sxme tu the~ indebtedness hereL~• secured, acc~~u»ting t~~ th~ murt~~a~,ror for an~- ~ur~~lus: to
~~a~• ail costs, charg~:~, an~t c•xpen~e~, includin~,~ I~i«~~-er', fres xnd title ~t~urches, r~~.i.~n~ibl~- inc~~rred
or p«id b~• the mortgagef~ becat~~e of the failure ~~f the m~~rt~,<i~,rOr tu j~rc,m~~tl}~ ancl fti2lt• c~~m~~l~-
«'itP? the agreement~, ~tipulation~, e~~ndition. and c•ut•E~n,ir:t: of .aiii n~~tc~ antl this mort~,~age, or
either; in the e~~ent tht~ me~rt~,~:~~,rc~r fail~ tc, i~~t~~ ~~-h •n ~1~~~~ ~ilt~' Iax, a.:e~~~mt~nt, in~urance premium ur
other sum of m~~ne~- ~iat-~tble t~~• ~~irt!te ~~f sai~l nr~tt~ :u~~l thi~ mnrt~,~.i~e, or either, the mortgagee ma~•
pa~- the ~ame, ~~~ith~ut ~rai~•inK r~r affecting tht~ ~~E~ti~~n t~~ f~rrc~ct~~s~ or ~:n`~ ~ther rifiht hereundc:r, and
a11 such pa~•ment~ .hall t~ear interest frnm d<?tc~ th~~rt~~~t at ±he hi~,~ht~~t l~i~~•ful rtite then all~~«•ed b~~
the la«•~ nf th~~ State ~,f Fl~~ricla.
IF <in~- ~um ~f m~~nc~~• herein rt~fe~n•ed t~~ h~~ r~nt pr~~m~~tl}~ ~~aici :~~ithin ten da~'s next after
the same bec~~mc~~ due, or if each and E~~•er~- the~ a~,rr~~e~llPittti, sti~~ulxti~ns, Cn11(~Iti(~11~ anc} co~•enant~
uf ~aid n~tt~ and this mc~rt~a~e, or either, arc r~~,t fuil~- ~~erfi,rmed, e~~m~~lic~~i »~ith and abided b~•,
then the entirc~ ~um tnenti~~ried in .aicl n~tf~, r~nc3 f hi~ mnrt~,~age. ~r the entire halance unpaid there-
on, sha{I f~~rth~~~ith or thereaffc~r, at the oi~ti~,n nf th~~ m~>rtga~;c~e, t,E~c~me .ind he due and Pa~-able.
an}•thin~ in caid n~tc~ ~r herein t~ the c~ntrar~~ »c~t~~-i;h~tanding. Failurt~ 1,~- the mortQa~ee t~ e~er-
ci~e an~• of the ri~,*ht: ~~r opti~ns herein pm~•+'cit~cl = h:+ll i~~~; cr,n•tittrtc~ a~~~ai~~er ~f an~• rights or np-
ti~n~ under saic'~ nr~te ~r thi~ mort~,~age accruf~cl ~~r th~~rt~~ift~~r accruing.
g~~ ~4~ ~f 95~