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Home My WebLink About0949 i AMUUN~ ~ ~wr.. ~v~ . . . . I ~ [ 1 _ ~ ~S lU.C~CQ.Q4 Sr~~-~,-ry filnrida---- - ~ .1«~~?4 ) F~R VALUE RECEIVED, the undersigned, Ijointly and srverafiy, ~f more tnan onei From~s~s to pay to James P. Jervey, a single person ur ~rder, in the manner hereinaher specifie. , the pnncipal sum of Ten ThOUSdI1C~------------~---------- -------------------------------------------------N(7/100----------- (S 10,000.0~ 1 11~~th interest from date at the rate of 10.000 per cent, per annum on the balance from tirne to tirne rema~n~ng unpaid. The said principal and interest shall ?~e payable in lawful mor~ey of the United States of Amenca at or at such place as may hereafter be designated by written notice from the 't?ulder to the makcr hareof, on the ciate and in tt~e man~er icllowing: Principal and interest is payable as follows; On Dec~r 1, 1986, the sun of $10,358.94, is due in full. Which is principal sun of $10,000.00 toge+~her with interest, as here in prov.ided is due in fuii. 1 ~J~ ( `~lr This note with interest is secured by a mortgage on real estate, of even date herewith, made by the maker hereof in favor of the ;a;d payee, and shall be construed and enforced according to the laws of the Stace of Florid3 The terms of said mortgage are by this reference rnade a pan hereQf. If defa~J~t be made in the payment of any of the sums or interest mentioned herein or in said mortgage, or in the {~erformance ef any of the agreements contained herein or in said mortgage, then the entire principa! sum and accrued in*,erest shall at the option of the ; holder hereof become at onr.e due and collectible without notice, time being of the essence; and said principal sum and accrued interest shall ~ both bear interest from such *.ime untif peid at the highest rate allowable under the laws of the State of Florida Failure to exercise this option shall not constitute a ~.aiver of the right to exercisa the sa~ne in the evr.^.t of any subsequent default. Each person liable hereon wh~t:ier m~ker or endorser, heraby waives preseniment, protest, notice, not+ce of protest and not~ce of dishonor and agrees to pay al: costs, includin9 a ~easonable attorney's fee, whether suit be brought or not, if, after matur+ty of this note or default hereunder, or under said mortgage, counsel shall be employed to collect this nute or to protect the security of said mortgage. Wherever used here in the terms 'holder', 'maker' and 'payee' shall~be construed in the singular or plural as the context may reyuire or admit. ~ MAKER'S ADDRESS ~ . ~ ~ , ~ . r,. ~ .~,~l.t _ %r~ tu . a ee ~ rici.a . zen w w N N AND rhe murtgagor hereby further covenants and agrees to pa~• promptly when due the prin- cipal and interest and other sums of mone~• pro~•icled for in said note and this mortgage, or eithet•; ~ to pu~• alf and singular the taxes, assessments, levie~, liabilities, ubligations and encumbrances of i ' e~~ery nature on said property~; to permiL, cornmit ur suffer no «•aste, impairment or deterioration ~ of said land or the impro~•ements thereon at an~• time ; to keep the buiidings now or hereafter on said land fully insured in a sum of not less than its full insurable ~•xlue, but in no event less than the amuunt secured b~• this murtgage, in a compan~• or companies acceptable to the mortgagee, the pol- :cy or policies to be held by, and payable to, sxid mortgagee, and in the e~~ent an~• sum of mone~• ~ ~ becomes payable b~• ~~irtue of such insurance the mortgagee shall ha~e the right to recei~~e and ap- ~ ~ ply the same to the indebtedness hereby secured, accounting to the mortgagor for an;~ surplus; to ~ ~ pay all costs, charges, and expenses, including la~ti~~-~r's fees and title searches, reasonabl~• incurred ~ or paid by the m~~rtgagee because of the failure uf the mortgagor to promptl~• and full~• compl~~ ~ with the agreements, stipulations, conditio?~s and cu~~ena~~ts of said note and this mortgage, or i either; in the es~ent the mortgagor fails to pa~- «•hen due an~~ tax, a~,e~sment, ir~surance premium or ~ other sum of money payable by ~irtue of said note and this mortgage, or either, the mortgagee ma~• . ~ pay the same, without «~aiving or affecting the option to foreclose or an~~ other right hereunder, and all such pa~~men~g ~hall bear interest from date thereof at the highest la~vful rate then allo~sed b~- _ the laws of thc~ State of Florida. ~ R 683 F~cF4181 ' ~4V~ ~ ~ `N. iF an~• sum of money herein referred to be not promptl}• paid w°ithin FIF'TEF.N days next after ~ ~ the same becomes due, or if each and eeer~~ the agreement~s, stipulations, conditions and covenan~s ~ ~ of said note and this mortgage, or either, are not fully~ perf«rmed, compiied ~~ith and abided b~~, ~ then the entire sum mentioned in said note, and this mortgage, or the entire balance unpaid there- ~ on, shall forthw~ith or therea~fter, at the option of the mortgagee, become and be due and payable, ; ~ anything in said note or herein to the contrar~• n~tH~ithstanding. F'ailure by the mortgagee to exer- : ~ cise any of the rights or options herein provided ~hall not canstitute a w~aiver of an~• rights or op- ~ tions under said note or this mortgage accrued or thereafter accruing. ~ ~ ~ ~ _ ~ ~ aoo~ 510 FACE 949 ~ . . . ---s-- - ..s ~ r.a::K ~ - - - t_~w _ . ~ r~ ',r