HomeMy WebLinkAbout0935 , L~25 . 500. 00 , ~P~o~rt ~ St . Lucie ~ ~Lorida ~ ~~r~ ~ ~4
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FOR VALUE RECEIVED, ths und~rel~ned, (lointly ~~d stw~ally~ if mo~e th~n one) promis~: to pay to ~ ~
Jantes V. Casey and Larraine C. Cssey, his wife
or order, in the rtwnne~ h~nin~her sp~cifi~d, the p~tncipsl wm of ~
Taenty-five tt»usand fiv+e hur~dr~ad dollars and No/100---------~---------------~5 23,500.00 1
With inpnst from date ~t the r~u of 10 Mr o~nt, psr snnum on tM b~la~cs from time to tims rem~tninq unp~id. The said p~incipei
and intenst shNl bt p~y~ble in I~wful money of th~ Unfted St~tes of America ~t ~~~iF~~rB~W. M 49690
or at wch pl~ce ~s m~y heresftsr be d~si~nated by written notice from tht holda~ to the maker ht~odf; on ths d~te snd in the manner fotlowinq:
Principal and interest is payable F~bnthly in equal instalLrents as foll,aws: Beginnin9
on July 29, 1987, the sun of $274.03, and the same arount on the same c~a?y of each m4nth, ~
in each year thereafter, until the entire grincipnl sun afS25,500.Q0 tc~gether with
interest, as herein pronrid~d, has been psid in full.
All payme~ts ar~ to be applied first to interest at the rate specifi,ed herein upon the
principal sun of$25,500.00, or so much thareof, as may fran time to time remain unpaid
and the balanoe of each payment shall be applied to principal.
Zfiis note is PrePaYable in whole or in part at any time without penalty.
Tt~is note with interest is secured by a mortgage on re~l estate, of even date herewith, mede by the makor hereof in favor of the
said payee, ~~d shall be construed ~nd enforced according to the laws of tha State of ~pr~g The terms of said mortgage
are by this reference made s pa~t hereof.
If defauit be made in the paymant of any of the wms or interest mentioned herein or in ssid mortgage, or in the perform,nce -
of any of the agreements contained herein or in said mortqage, then the entire principal sum and acc~ued interest shall at tho option of tha
holder heroof become at once due and collectible without notics, time being of the ertence; and said principal wm and aacrued interest shall
both tse,r interest f~om wch time until paid at the highest rate allo~rabls unsler the laws of the SUte of gl,p,r~ F~ilurs
to exercise this option shall not constitute a waivar of the ripht to exarcise the same in the event af any wbsequent def~ult.
Each person liable hereon whethar mslur or tndorset, hereby waives pressntment, p~otest, notios, notice of protest snd notice
of dishonor and agreas to psy all oosts, includinq a rsasonsble attorney's fee, whether wit be brou~ht or noY, if, sfter maturity of this note
or default hereunder, or under said mortpa~e, counsel ~all be amployed to oo!!ect this ~ote or td protect ths se,curity of said mortgage.
Wherever used here in the terms 'holder', 'maker' ~nd 'payee' shall be construed in ths sinyular or plural as the context may
require or ~dmit
. MAKER'S ADDRESS
J ~ q 'J
• N iWi.'
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J P. Mf~ilYyat~?
AND the mortgagor hereby further covenants :?nd agrees to pay promptly when due the prin-
cipal and interest and other sums of money provided for in said note and this mortgage, or either;
to pa~• all and singular the taxes, assessments, levie,, liabilities, obiigations and encumbrances of
every nature on said property; to permit, cummit ur suffer no ~~•aste, impairment or deterioration
of said land or the impruvements thereon at an~~ time; to keep the buildings now or hereafter on
said land fully insured in a sum of not less than its t'ull intiurable ~~xlue. but in no event less than the
amount secured by this mortgage, in a compxn~• or companies acceptable to the mortgagee, the pol-
icy or policies to be held by, and payable to, said mortgxgee, and in the event an~• sum°of money
becomes pa~•able Uy virtue of such insurance the mortgagee shall have the right to recei~e and ap-
ply the same to the indebtedness hereb~• secured, accounting to the mortgagor for an~• sw•plus; to
pay all costs, charges, and expenses, including la~~•~•er's fees and title searches, reasonaLly incurred _
or paid by the mortgagee because of the failure uf the mortgagor to promptl>• :~nci full~• compi~• -
with the agreements, stipulations, conditions and co~•enant~ of said note and this mortgage. or ~
either; in the e~•ent the mortgxgor faiis to pa~~ ~~•h~~n due an~• tax, atisessment, insurance premium or ~
other sum of m~ney pa~•aUle by virtue of said note su~d this mortgage, or either, the mortgagee ma~• ~
pay the same, without ~~~aiving or affecting the o~?tion to foreclose or an~• other right hereun~ler, and ~
ali such pa~•ments shall bear interest from date thereof at the highest lawful ~rate then allo~~•ed bS•
the laws of the State of Florida. ~
.
IF an~• sum of money herein referred to be not promptl~~ paid ~•ithin 3~ ~~~~1ays next after ' ~
the same becomes due, or if each and every the agreements, stipulations, conditions and covenan~ti ~
of said note and this mortgage, or either, are not full~• performed, complicd ~vith and abided bS~, ~
then the entire sum mentioned irr said note, and t his mort~age, or the entire balance unpaid there- ~
i on, shali forth~~~ith or thereafter, at the option of the mortgagee, become and be due and pa~•able,
- anything in said note or herein to the contrar~• noh.•ithstandinfi. Failure b~• the mortgagee to exer-
cise any of the rights or options herein provided -hall n~~t conxtitute a~~•aiver of an~ righ~s or op-
tions under said note or this mortgage accrued or there•:tftc~r accruing.
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600K548 Pr,GE 93
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