HomeMy WebLinkAbout2399 ~ ~o }iaue and to -~{otd
~ I~~r .nm~•. fuc~~•I~~rr euif~~ f~~e (rnemrnis. ~i~•r~•~~ilum~nls ani~ uppwir
~ nnnr~~s f~u~r~~tu ~~r~unyi~u~. iuu~ I~u• ri~nfs. issu~•s on~~ p?o~ils 1~~~~?~•u~. unfo I~~p morlguy~~~~. in ~~P simp~i•.
~ fj~r n~urfi~a~lur ~~ur~•na?~Is u~it~~ f~~~~ mu?f~~ayr~ 1~~af I~~v morfgnryor is iru~~~~~•~si~lY ~~'i:~•~~ o~ sqitr
~ ~un~~ in (i•~~ si~rip~r: f/~al f~u~ murl~~ngor ~as f~oW~ rig~~f aru~ luu~~ul auf~oriry lo i•onr~•y sai~l lun~~ ns u~ure
f ~ni~l: 1/~nf Il~~~ mo~t~~u~~or u•ill m~~kr such ~urtl~er assu-~.•,~es fo pi~rjM•t fh~ fPP simple lifle fo snid land in fl~e
nu~r(~~ay~~r ~es muy n~asonably be r~quirc~l: fl~af tl~r murfgagor I~er~by fu11y u~arrcer+ft fhe tit~r fo saed jai~d
~~+~r «'i~~ <<<'(~'i«1 .Rme a~tai+~st Il~e laa~)ul i-laems oJ all pP~sons u~homsoPrp~: nn~~ tl~al snid land is f ree
anrl c~e~ar oJ o11 ~•nruml~rnnrrs except ~hose 8S specified~ ~n that certain
warranty deed dated December 1, 1973 from the Ntortgagee herein to
the Mortgagor herein.
Provided always; that if said Mortgagor herein shall pay unto said
Mortgagee herein the certain promissory note
hereinafter substantially copied or identified,
to-wit:
ii,965.84++ No_ ~y6
Fort Pierce, Florida~CembeY' l, ~q 73•
For value received, I, we, or either of us, pror.~iss to pay without defalcation to the order of
Flarris Construetion Corporation , at the office of the payee
herein in ~qrt ~~r~e,~~orida or at such other plaee as the payee hereinl~all designafe in writing, the
sum of ~ 11 ~ ' with interest from date at the rate of ~ 96 per ar?num, payable
in monthly installments as foilows, to-wit:
~ 110 . QO on thP Znd day of J~~?='Y 19i ~ and a like sum
on the corresponding da of each like succeeding month thereafter until J~~='y 2 s
?97~ 8t wh~oh t~me the entire unpa3d principal ~alancE
i~l.us accx•ued ~ntere~ct cotr,e~ ci4~r and payable in full at
that t~~te.
In the event a~y amounts currently due and/or pds; due under the lerms of this note are not paid
by ihe y t j~ day of the month, a late penalty of .5.0% of tfie combined amounts currently due and/or
past due, wiN be added to and collerfed with whatever amounts are due for the month in question. If
currently due and; or past due payments or parts thereof under the terms of this note remain unpaid
at the end of any month, then said unpaid amount ,vill be carried forward and added to the amounts
coming due under the terms of this note for subsequent months for the purpose of calcutating subsequent
late penalties. Amou~ts due under the terms of this note are understood to be bvt not limited to.
(1) Regula~ly amortized interest and principa) payments.
(2) City and/or couny taxes when paid by the payee herein.
(3) Insurance premiums when paid by the payee herein.
(4) Senior mortgage payments when paid by the payee herein.
(5) Street, sewer and water liens when paid by the payee herein. .
Each insta(tment first shall be applied in the payment of the interest and then on ihe unpaid bal-
ance of the principa) sum. If default is made in the payment of any installment when due, then at the
option of the holder, and without any other notice, afl the remaining irutallments shall be due and paya6le at
once. Privilege is given to pay two or more installments at any installment maturity date, but this shall
not extend the time of maturiry of any subsequent instatlment. Neitfier forbearance, nor acceptance by
the holder hereof after any default in any payment hereon, shall be deemed extension.
Each maker, surefy and endorsar hereof, jointly and severally, waives demand, presentment,
protest and notice of protest for nonpayment, and further agrees to any extension of time of payment,
either before or after maturity, without notice to any of us; and to pay all costs of mllection, including a
reasonable attorney's fee in the event of any default hereunder.
WITNESS THE HANDS AND SEA! OF EACH PARTY. ~s/ Robert H. Lethery
;tobert d. 'ti.ery
tSEA~)
QO~OXl.~~ PAtif ~J~
t~?~)
11 !