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Home My WebLink About1726 i ~ ~~o ~iAUe and to ~iold fhe snme, fugef~~er with !he tenemenfs, herediluments an~~ appurte~ ' I nan~•es fhe?efo ~e~or~ging, anc~ f~?e rents. ISSILP! anc~ projilt fhrreo(, unfo 1{~e morfgagee, in JPP simp~e. ; ~ the mortgagor covp~iants u~itti the mortgagee lhat t{~e morfgago~ i~ indP~easi6ly seized o~ suid ~ la?id in ~ee simple: thaf the mortgagor has good right und law(u~ authority to convey sat~ ~and ns a~ore- ` soid: that thp mortgaflor will make such (urther assurances to ber~ect !tie f ee simp~e lit~e to said ~and in ihe i mortgnyee as may ?easona6ly 6e requiret~: thal t{~e mortgago~ here6y f u~~y waRnnts the til~e to saic~ lancr ~ and u~i[l de%?id the same ngninst the IawJul clnims o~ aIl persons whomsoever: and tl~at ~aid laRd is (ree and clear o~ all e~cum6rances exeept those first and seeond mortgages owed by ~ the ~iortgagors herein to Security Federal S&L Association of Indian ~ River County, presently encumbering the land herein I l ~ PROVIDED ALWAYS, that if said mortgagor shall p~,y unto said mortgagee the certain promissory note hereinafter sub~tiantially ~ copied or identified to-wit: ! ~ i f - - - - - - - - - - - - _ ~ E 4,549.00 ~ No ~9? Fort Pierce, Florida Fe~~~'y 5 19 ~ For value received, I, we, or either of us, promise ~to pay without defalcation to the order of St . Lueie Mortgage Company , at the o#fice of the payee herein in o i c FToriaa or at such other place as the payee herein shall designate in writing, the sum of S~~~~~'~~ with interest from date at the rate of 10.0 % per annum, payable i~ manthly installments as follows, to-wit: - _ ; ~ l~{6.80 on the~ day of ~~Ch 19~- and a like sum j on the corresponding day of each like succeeding month thereafter until ! pald iu i't~ll. - ~ ~ S € In the event any amounts currently due and/or past due under the terms of this note are not paid ~ by the Tth day of the month, a late penalty of 5.09'0 of the combined amounts curre~tly due and/or past due, will be added to and collected with whatever amounts are due for the month in question. If ~ currently due and/or past due payments or parts thereot under the terms of this note remain unpaid ~ ~ at the end of any month, then said unpaid amount will be carried forward and added to the amounts coming due under the terms of this note for subsequent months for the purpose of calculating subsequent late penalties. Amounts due under the terms of this note ar~ understood to be but not limited to. (1) Regularly amortized interest and principal payments. ~ (2) City and/or munty 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. ~ ~s Each installment first shall be applied in the payment of the interest and then on the unpaid bal- ~ ance of the principal 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, all the remaining installments shat! be due and payable at once. Privilege is given to pay two or more installments at any installment maturiry date, but this shall not extend the tirne of maturiry of any subsequent instaliment. Neither forbearance, nor acceptance by the holder hereof aHer any default in any payment hereon, shall be deemed extension. Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment, " protest and notice of protest for nonpayment, and fu~ther 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 collection, including a _ _ reasonable attorney's fee in the event of any default hereunder. ~h WITNESS THE HANDS AND SEAL OF EACH PARTY. /sl I, s (SEAL) - ~SHe en . cas (SEqI) - ~SEA~~ ,,r~ ~ ioa~2~3 P~~.726