HomeMy WebLinkAbout0945 MORTGAGENOTE
q~,~p~Y LOCATION OATE
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FOR VALUE RECEIVED. the unti~rsi~ntd, (loindy and ~ewreNy. if more thsn one) prom'ss~s to p~y to
Y
George S.~Pitcher
or ordar, in the rr~n~ htninaiter tpecifi~d, the p~incipal wm of .
'Ihree thoi~sand nine h~dred and no/10U---------------------------- ~s 3,900.00 a '
With intertst from dat~ at tht rsU of 9. S ptr c~nt, p~r snnum on tht bsl~np from timt to time rtmainin~ unpsid. TM said principal
and innnst shall bs psysbla in I~wful monty of th~ Unit~d Suus of Amt?ica at
Ot at wch plsoe ss maY heraafLe~ be ~esiqnabd by writu~ notic~ from th~ holder to tM maker Mreof, on the dat~ and in tf~ msnne~ followinq:
'Ihis note is payable as follows:
The entire principal suon of s3,900.00 together with accn~ed interest shall
be due and payable on July 9, 1986. Said payment to b~ u: the anawit af ~4,085.25.
This ~ote wiM interast is sscured by a mortgpe o~ nd estau, of even date herswith, msrle by the maker Mreof in fsvor ot th~ ~
said payee, and shall be construed and enforced sccordin~ to the laws of the State of Fl orida Ths term: of ~id mortp~ye
: are by this referenca made a part hereof. !
~ If defwlt be made i~ the paYmsnt of sny of the wms or int~nst mentior?ed heroin or in said mortspe, or in the perfo~mana
` of any of the ay~eemenu conUined herein or in ssid mort~qe, th~n the sntire principaf sum snd scc~wd int~rat shsll st the option of th~
holder hereof become at once due and colfectible without notioe, timt b~in~ of the euenu; and ssid principsl wm and sccrued inurest shall
E both bear interest from wch time until piid at the hi~st ratt sllowable under the laws of ttu Stats of Florida Fi~~~~
' to exercise this option shsll not constitute s waivK of th~ ri~ht to ~xtrci~ the sa~ne in the evsnt of sny wbsequsnt defsult.
~ Each person IiabOe he~~on wheth~r maktr or endorser, heraby waives prrsentment, protsst. notice, notice of protest and notia
~ of dishonor and a~mes to psy all costs, includiny s naor~sbl~ attornsy's fee, wheth~r wit be brouyht or not, if, after maturity of this not~
' or def~ult heteunder, or under said mort4apt, counssl shsll ba ~mploy~d to coll~ct this nots or to protsct the se,curity of said mortssqe.
~ Whtrever used here in tha terms 'holder', 'msker' and 'payet' shsll bs construed in du sin9ular or plur~l ss the cont~xt may
~ require o~ admit
MAKER'S ADDRESS I
Ge~~y_- J ~ J J _
AND the mortgagor hereby further covenants and s~rees to psy 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 taaes, assessments, levies, liabilities~ obligations and encumbrances of
every nature on said property; to permit, commit or suffer no waste, impairment or deterioration
of said land or the improvements thereon at any time; to keep the buildings now or hereafter ou ,
said land fulf~? inaured in a sum of not lesa than its full insurable value~ but in no event less than the '
amount secured by this mortgage~ in a company or companies acceptable to the mortgagee, the pol-
icy or policies to be held by, and payable to. said mortgagee, and in the event any sum of money
becomes payable by virtue of such insurance the mortgagee shall have the right to receive and ap-
ply the s$me to the indebtedness hereby secured, accounting to the mortgagor for any surplus; to
i pay all costs, charges, and expenses, including lawyer's fees and title searches~ reasonably incurred
or paid by the mortgagee because of the failure of the mortgagor to promptly and fully comply
with the agr~eements~ atipulations, conditions and covenants of said note and this mortgage, or
E either; in the event the mortgagor fails to pay wh~n due any tax, assessment, insuran~e premium or
other sum of money payabie 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 payments shaU hear interest from date thereuf at the highest lawfut rate then allowed by
~ ~ the lawa of the State of Florida.
IF any sum of money hereir? referred to be not promptly paid within 30 days next after
the same becomes due~ or if each and every the agreements, stipulations, conditions and covenants
of said note and thia mortgage, or either. are not fully performed, complied with and abided by,
then the entire sum mentioned in said note, and this mortgage~ or the entire balance unpaid there-
on, shall forthwith or thereafter, at the option of the mortgagee, become and be due and payable,
w' anything in said note or herein to the contrary notwithstanding. Failure by the mortgagee to exer-
cise any of the rights or options kerein provided e hall not constitute a waiver of any rights or op-
tiona under said note or this mortgage acerued or thereafter accruing.
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