HomeMy WebLinkAbout0991 ~ow+T loe~ro+i
~ 30.000.00 Post 8t. Luci~. ?larida Jaauarp 30. 1985
FOR VA~UE RECEIVED, tM und~niqr»d, ( jointiy ~nd awr~lly, ii mon than pn~? prpmis~t to p~Y tc
FRED COWELL AND JEAN CUWEI.L. hie vife
or ord~r, in th~ manrnr heninah~~ sp~cifi~d, tM W~~Pa~ wm of
TEN THOUSAND At~ID 00/100a---------------------------------------- tt 10,000.00 i i
W~th inOtntt from da0~ at IM nq of 12. 50 pK pnt, p~r anrwm on dk balanct lrom tim~ to tim+ nmaininQ unp~id. Tb?ssid prineipyl ~
and inm~st sh~ll b~ paysbN in lawful morry of tM Unind Staw of /?m~ric~ at 15920 Kingemoor Wey. Miami, FL 33014
a st uui~ plaa as may htn~fLer b~ dtsiqnaqd by writt~rt notia from tM hoWa to tM m~ic~r hKeot, on tlr dats and in tlw m~ru?~~ followir~: i
Payments ehall be made in MONTm.Y installments in the aaount of $104.17. vhich sum is ~
INTEREST ONLY~ beginning February 28, 1985 for eleven consecutive months, at which time
the entire principal su~, together with any and a22 intereat remaining unpaid~ ahall
become due and payeble. Said final payment shall be $10,104.17 and due one year froo ~
the date of thia Note.
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The purchaser hereby reservea the right to prepay the ipdebtedness in part or vhole '
at any time prior to maLurity vithout penalty. ~
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THIS IS A BALLOON NOTE. ~ ~
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3
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This noU with inqrtst is saund by ~ monpip~ on n~l ttUt~, of wen dat~ her~with, mad~ by tlN mak~r Mnof in f~vor of th~
said p+ya~, and shall b~ constrwd and ~nforpd sccordinp to tM laws of tM SUte of FloT ida The t~rm~ ot iaid mortpa~
an by this nhr~nce mad~ s put h~.wf. ~
If d~tault be msd~ in the paym~nt of any ot tht wrr?t w int~nct me~tioned hertin or in tsid mortpp~, or in th~ p~rformsnq
of aMr of th~ a9n~mana contsined Mr~in or in said mortp~p~, tMn tht ~ntire principal sum snd aeawd inunst shall ~t tM option of de~ ~
Aold~r h~rcof bKOme at ona dw and eolbctible wid~out notia, tim~ b~inp of the sssence: and said principal wm snd aarued inqrsst shMl ~
both bsu intsrest from wch tim~ until piid st tM hiyf?~st nt~ allow~bh under Me laws of tM Sut~ of Florida F~~~~
W sx~rds~ tAis oAtion sf?alt not constitute a wsiva of th~ ripht to ~x~rcisr the syne in the event of sny wbs~qu~nt dsiwlt.
Esch p~rwn liaDb Mr~on wA~tht~ rrqlur ot ~ncfat~r, h~r~by waives pr~s~ntm~nt, protett, notia, notia ot protest snd notiot
of dishonor and sprees to psy ~II costt, indudirp ~ nasonabb attornty's tee, whetMr wit b~ brou~t or not, if, aft~r m~turity of thit noe~ a
or d~tault he~w~der, or unda aid mortpaq, eou~sN shalt b~ ~mpby~d co collect this note or to prauct tM securlty of sa;d mortqsM. ~
Wh~rev~r ustd htn in tM Urms 'hold~r', 'rrwk~r' snd 'p~yN' shall be construed in tM unpular w plur~l as tM canUxt may ;
rpuir~ or admit
MAKER'S AOORESS N/A '
i
N/A < Q ai
~ ~ N
Mia P. Hassig
AND the mortgagor hereby~ further covenants and agrees tu pa~- promptly when due the prin-
cipal and interest and other sums of mone}• provided for in said note and this mortgage, or either;
to pa~• all and singular the taxes, assessments, levie~, liabilities, obligations and encumbrances of i
every nature on said property; to permit, commit ur suffer no ~~~aste, impairment or deterioration
of said land or the improvements thereon at an}• time; to keep the buildings notiv or hereafter oii
sxid land fully insured in a sum of not less than its full insurable vxlue, but in no event less than the
amount secured by~ this mortgage, in a companS• or companies acceptable to the mortgagee, the pol-
icy or policies to be held b~~, and payable to, said mortgagee, and iii the event any sum of mone~~
becomes pa~•able b~• virtue of such insurance the mortgagee shall have the right to receive and ap- .
ply the same to the indebtedness hereb~~ secured, accounting to the mortgagor for an~• surplus; to
pay all costs, charges, and expenses, including la~s~~er's fees and title searches, reasonably incurred
or paid by the mortgagee because of the failure of the mortgagor to promptl~• and fullr compi~•
with the agreements, stipulations, conditions and covenants of said note and this mortgage, or -
either; in the e~•ent the mortgagor f~ils to pa~• «~h~n due a?i~• tax, assessment, in~urance premium or
other sum of money pa~•able by virtue of said note and 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
alt such pa~•ment~5 shall bear interest from date thereof at the highest la~vful rate then allowed b~- -
the laws of the State of Florida.
IF an~• sum of money herein referred to be not promptl~• paid ~ti~ithin 3o days next after f
the same becomes due, or if each and ever~~ the agreements, stipulations, conditions and covenants
of said note and this mortgage, or either, are not full~• performed, complied with and abided b~~,
then the entire sum mentioned in said note, and t his mortgage, or the entire balance unpaid there-
on, shall forth«•ith or thereafter, at the option of t?~e mortgagee, become and be due and pa~~able,
anything in said note or herein to the contrar~~ not~?•ithstanc3ing. Failure by the mortgagee to exer- ~
cise any of the rights or options herein provided ~ hall not constitute a~vaiver of an~~ rights or op-
tions under said note or this mortgage accrued or thereafter accruing.
BOrdK ~vv PJGE ~
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