HomeMy WebLinkAbout2043 ~
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of St. Lucie County, Florida.
The holder m~y collect a"late chx ge"
not to exceed an amount equal to four percent (4 96) of any
installment which is not paid within fifteen (15) days of the
due date thereof, to cover the extra expense involved in handling
delinquent payments.
Additional payments on account of principal
may be made on any installment due date provided at least thirty
(30) days written notice of intention to make such payment has
been given and provided any additional payment is equal to the
total principal to become due in one or more installments next
succeeding the day of payment; provided always, however, that if
additional payments on account of principal are made prior to the
fifth (5th) anniversary date of the loan, there shall be paid a
prepayment charge of four percent (496) of the amount of such ad-
ditional payments, and if additional payments be made on or after
the fifth (Sth) anniversary date and prior to the tenth (lOth)
aruliversary date of the loan, a prepayment charge of three percent
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(396) of the amount of such additional payments shall be paid.
Additional payments on or after the tenth (lOth) anniversary date
may be made without prepayment charge. All additional payments
shall accelerate final maturity but shall not affect the amount
or time of payment of the required installments prior to final -
maturity. Prepayment on this loan shall reguire a like prepayment .
on the loans referred to in Paragraph 6, and such prepayment shall
be proportionate to each loan.
Installments shall be due and payable
on the first day of each month.
AND TA'S SAID MORTGAGOR, for itself,
its successors and assigns, does hereby covenant and agree:
1. To pay all and singular the
principal, the interest and other sums of money payable by
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