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; Pf-.NINSUl.A2 MORTGIIGE C~h1P/1NY ~
' OF FURT PIERCE
~ ~ 3£;O1 U. S. N1
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~ Fort Piercc, F1o1^1da 33q52
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f ~ 1~;.•} , i:~ , ~
( $ 9,OU0.00 ' ~ l
, . . , . 3 . PQRT ~ST. LUCI~FLU~tIDR
~ ' Nov~mber 1, ; 19a2
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j FOR VALUE RGCEIVED, the unders~gned, (jointly and sevsrally, if mc~re than
j une), proiuises to pay to PENINSULAR MORTGAGE COMPANY QF FORT PIERCE, or:.prder,
i in the n~anner hereinafter specified, the princiR~l sum of NINE TNOUSAND AND
, NU/10U------------------.-.._______ 9,U00.00 ~ wit~i interest
! froin date at the rate oF ~ IG~t'1`t~'1T'r~~ ~
, per cent 18.Q per annum
~ oi~ the balance from time to tin~e remainin~ unpaid.
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; 7he said principal and interest shall be payable 1n lawful naney of the
; United States of Mierica at 3801 U.S, ~l, Fort Pierce, Florida 33q52, or at
~ such place as may hereafter be des~ignated by written notice from the halder to
r the mak~~• hereof, on the date and in the manner following:FIFTY-NINE
' installments of TWO HUNDRED TWENTY-EIGHT ancT55/100---------
~ T~2'~8 . 55 ~
~ beginning a month.from~the date hereof and one last
' payment of 228.55 due and payable on October 1, 19t37. - ~ , ~
- Payments are due on the lst day of each month following the _
date-of closing and are payable on or before the lOtfi day.following the due date.
Uebtors may anytin~e prepay the balance of the principal amount together -
wi th any other amounts then due, h~ccbc~~yx~d~x~a~nc~a;cucaa~iabixi~ua~x~x~rurx~~x
R.ou x~c ~ax~utfuxxufx~awb~xx~bcxxia~cot~exDcxubc~exxxutx~cx~fx ~i xI '~c ~e~c~~ixi~r~cDc~awcx
~tia~c i~:tulawit~ex xcfx ~c~cnixvoi~x ~ioutubcad~c~cvcxtcxx .~~~Y~i~~~
~ Ti~e debtors can not be substituted in their place by third parties except . ~
- upon the w ritten appro~~31 by PENI~lSULAR MORTGAGE COMPANY OF FORT PJERCE, or its
assigns and successors.
This note with interes~ is secur d b1 a rnortgage on rea? property of even
date herewith, made by the e~ake~,hPr~f~i favor of the sald payee, and shall ,
be construed and enforced accor~'n ;tn~the laws of the State of Florida. The ~
terms of said mortgage are y th referen e, made a p~rt hereof. ~
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_ [f default be rr~de in ~he pa~yr~~ent of a of the sums or interest mentioned ~
herein or in said mo`rtgage~o~ i the perfor ~nce of any of Lhe agreements
contai ned hgrei n or ~~L,s`ai~d mort~age then th en ti re pri nci pal sum and accrued =
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111tE~T'~St 51:.:~~ , dt tllt' nntinn r~f tltir~ h•:1r1n~ l;Lrnr~F ti~.-~..,., a. :.a ~
~ callectible without notice, tin~ beiny of~the essence; and^saidVprincipal swn ~
. ~nd accrued interest shall both t~ear interest from such tin~e until paid at the ~
. highest rate-allowable under th~ laws of the State of Florida. Failure to ~
exerc~se this option shall not c~nstitute a waiver of the right to exercise the ~
san~ in the ev~nt of any subseque~~*_ defcjult. ~
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No sale of the remises hereb mort a~d nor forbearance on the #
P Y 9 9 part of {
the mortga~ees or its assigns, and no extension of the tin~e for payment of - ~
the debt hereby 5ecured, given by tiie mortgagee or its assigns shall o~erate ~
_ ~o release, discharge, n~odify, change or affec~: the original liability of the ~ ~
. ioortga~or herein ~ither in ~hole or in part, nor shall the full furce and effect j
of this instrument be altered the~-~by. . - E`
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My person, fi r~n or corpor: tion taking a junior u~ortgage, or other 1 ien,
- u~~on said real es~cate, si~a11 take the said lien subject ta the rights of the .
mortga~ee herein to extenci the maturity~of the indebtedness hereby secured . i`
without obtaining the conser~t to the ho~der o~ said junior lien ar~d without
the lien of this mortgage losing its priority over any such junior lien.
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- In the event thQ property pledged by this instrun~ent is sold under fore- .
clos'ure and the proceeds are insufficiert to pay the total indebtedness evidenced -
. ar~d secured by this instrument the mortgagee will be entitled to a deficiency
judgment. ~ _
Each person liable hereon whether maker or endorser, hereby waives
presentment, pratest, notice, notice of protest and notic~ of dishonor and
agr-ees to pay.all costs, including a reasonable attorney's fee, whether suit
t~e brought or ~ot, if, after maturity of this note or default hereunder, or ~
• under said nbrtgage, counsel shall be employcd to collect this note or to ~
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- OR *~r ~ -
- ~ BOOK ~8 l PAGE ~~6 :
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