HomeMy WebLinkAbout0946 _ 7 500.00 1 St ~?rt F'1nriria ~ - ~ '1~~'~~;~ ~
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fOR YA~UE RECEIVED, the unders~gr~ed, ~jo~nt~y and severaliy, it mare than one) prom~ses tu pey to ,
Jaa~s P. Jerrey, a si ngle person ;
;;r orde~, in the manner hereinaher specified, the princ~pal sum oi Seven `I'hatisand Five Hunclred-------- +
--------------------------------------------NO/100-------------•---- IS 7,500.OQ ?
Si':th interest fram date at the rate of 1~.OUQ~er cent, per annum on the balance irom time to time remain~ng unpa~d. The said principal
:anu interest shall be paya~le in la.vful money of the United States of Amer~ca at
~r ~t such place as may hereafter be designated by written notice from the holder t~ the mak~r hareot, an the date and in the manner followi~~g:
Principal arx~ intsrest is payable ss follows:
On August 5, 1985, the sum of ~7,526.65 is d~.je ~n full. Which is ;
princ:ipal sun oi $7,50Q.00 toge~her with interest, as her~~ in provided is ;
due in fuil. +
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This note with interest is secured by a martgage on rea! estate, of even date herewith, made by the maker hereof in favor of the ;
saici payee, and shait be construed and enforced accoiding to the laws of the State of Florida The terms of ;aid mortgage ;
are by this reference made a part hereot.
If default be made in the payment of any of the sums or interest mentioned herein or in said mortgage, or in tha performance ~j
of any of the agreements coneained herein or in said mortgage, then the entire princi~~al sum and accrued interest shall at the option of the
rolder hereof become at once due and collectible without notice, time being of the essence; an~ said principal sum ar,d accrued interest shafl ;
both bea~ interest from wch time until paid at the highest rate allo;ivable under the laws of the State of Florlda ~aiture
co exercise this option shall not constitute a waiver of the right to exercise the sa~ne in the eve~t of any subsequent defaulc.
Each person iiable hereon whethe~ maker or endorser, hereby waiv2s presentment, protest, notice, n~tice ot protest and notice
af d~shonor and ag~ees to pay afl costs, inclc:ding a reasonab~e aito~rtey's fee, whrther suit be 5rought or not, if, after maturity of this note
or defautt hereunder, or under said mortgage, counsel shall be employed to collect this note or to protec: the security of said mortgage.
Wherever used here in the terms 'hoider', 'maker' and 'payee' shall be construed in the singular or plural as the context may
require or admit. ~
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MAKER'S ADDRESS - ~ ~
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' ` S ~ . _ W~atr ~.'ia Zen ee (l Q .
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AND the mort~agor hereb~• further covenants and agrees to ~ay promptty when due th~ prin-
cipal and interest and other sums of money provided for in said note and this mortgage, or either;
.o pa3• all and singular the taxes, assessments, le~~ies, liabilities, obligations and encumbrances of
everS~ nature ~n said praperty ; to permit, commit or suffer no ~ti~aste, impairment or deterioration
. of said land or the improvements thereon at an~• time; to keep the buildings now or hereafter oii
~aid land fully insured in a sum of not less than its full insurab:e value, but in no ever.t less than the
amount secured b~• this r:~ortgage, in a company or companies acce{~table to the mortgagee, the pol-
icS• or palicies to be held by, and payaLle to, said r?iortgagee, and in the event an~• sum of mone~•
becomes payable b~~ ~~irtue of such insurance the mortgagee shall have the right to recei~~e and ap-
ply the same to the indebtedr,ess hereby secured, accounting to the mortgagor for an~~ surplus; to
pay all costs, charges, and expenses, including Ia«~~-er`s fees and titie searches, reasonabl~• incurred
or paid by the mortgagee h~cause of th~ failure of the mortgagor to }~,romptl~• and full~• compl~•
with the agreemen±s, sti~ulations, conditions and euvenants of said note and this mortgage, or
either; in the e~•ent the mortgagor fails ta pa~• ~;~hen due ar.~~ t~x, assessment, in~urance premium or
ather sum of money pay~able by virtue of sai~ note and this mortgage, or either, the martgagee ma~~
pay the same, without Kaiving or affecting the option to foreclose or any other right hereunder, anci
all such paymen~~ shall bear interegt from date thereof at the highest lawful rate then allo~~ed b~-
the la~vs of the State of Florida. o R 683 P~c;~~.~.7~
E~~K
IF any sum of money herein referred to be not prompti~• paid within ~~y days next after
the same becomes due, or if each and ever~~ the agreements, stipulations, conditions and covenan~5
of said note and this mortgage, ar either, ~re not fatly performed, complied with and abided b~~,
then the entire aum mentioned in said note, and this mortgage, or the entire balance unpaid t~ere-
on, shall forth~•ith or thereafter, at the option af ~ he mortgagee, bPCOme and be due and pa~•able,
anything in said note or herein to the contrar~• not~sithstanding. Failure by the mortgagee to ~xer-
cise an}• of the r~ghts or options herein provided ~ hai! n~t constitute a w aiver of an~ rights or ~p-
tions under said note or this mortgage accrued or thereafter accruing.
" 600X~~o PAGF
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