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~o ~iaue and to ~iold the sam~~. lu4~el~~e~ wifh I~~e lenem~•nfs. {~M~vlifumi~nls un~~ uppiuiN
r~an~•rs I~uvetu ~~~~~on~~inc~. un~~ 1~~r ~~•nfs, issurs nn~~ p?o~ils I~~e?eo~! Lnlo I~~~ murlflogeP. in ~~r simp~P.
T1n~ 1~ii~ mor~~a~~or coi~i~nanh ioil~~ Ihe morlga~ee I~ial Ihe mo~t~agor is in~~r(~•osi~?~y sri:~~~~ o~ sai~
~an~ in ~ee simp~r: fhat Ihe morfflaflo~ has f~ood righ! an~ ~aw~u~ aulho?ily to cuni~ey sai~~ ~unc~ as ujore• -
. saic~: Ihaf ItiP motlc~a~~or u•i~~ make such jurttier assurances fo per~ecf !he jee simple fil~e fo sai~ ~mi~ in fhe
morlgu~ee as mny reasona6ly be requirea: thal Ihe mo~tflago~ hereby ~u~~y u~ar~ants Il~e fitle fo said land
and ~vill de(end ttie same aflainst the lau~(ul claims oj all persona u~l~omsoever: and Il~al aaid land is j?ee
A~d ~[par o~ al! encum6ronces except those specified in that certain warranty
deed dated March 8, 1974 from the Mortgagors herein to the Mortgagor
herein for the same land. '
PROVIDED ALWAYS, that if said mortgagors shall pay unto said
Mortagee the certain promissory note hereinafter
substantiaZly copied or identified toz-wit:
.
=3,693 • 98 ~ No 482
Fo~t Pierae, Fiorida ~ah 7 19 ~
For value received, 1, we, or either of us, promise to pay without defalcation to the order of
Harris Conatruation Corporation , at the office of the payee
herein in 3 rt~93~e4~lorida or at such other plaoe as the payee herein ~h~l designate in w~iting, the
sum of ~ ~ • with interest from date at the ~ate of • % per ennum, payable
in monthly installme~ts as follows, to-wit:
= 37•00 on thel5ttl day of ~='ll 19~ and a like sum
on the corresponding day of each like succeeding month the~eafter until
May 15, 197~ at ~rhiob tlme the sntirs unpaid
prinaipal balans• plus acarued interest rill
aoar dw srld p~yrable in lull at tt~at ti~e. -
!n the evertt any amounts currently due and/or past due under the terms of this note are not paid
; by the Z2~ day of the month, a late penalfy of 5.0% of the oombined amounts currently due and/or
~ past due, will be adde~! to and collected with whatever amounts are due for tfie month in question. If
~ cur~ently 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 will be carried forward and added to the amounts
coming due under the terms of this note for subsequent months fo~ the purpose of calculating subsequent
late penalties. Amounts due under the terms of this noter,ir,~.uad~rstood to be but not limited to.
(1) Regularly amortized interest and principa) payments.
(2) City and/or munty taxes when paid by the payee herein.
(3) Insuronce premiums when paid by the payee herein.
(4) Senior mortgage payments when paid by the payee herein.
(5) Street, sewer and water liens hen~pa±d by the payee herein.
Each installment first shall be applied in the payment of the interest and then on the 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, all the remaining irutallments shall be due and payable at
once. Privilege is given to pay two or more installments at any installmeM maturity date, but this shall
not extend the time of maturiy of any subsequent installment. Neitfier forbearance, nor acceptano~ by
~ the holder hereof after any default in any payment hereon, shall be deemed extension.
~ Each maker, surety and endorsa~ 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 aHer 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.
WITNESS THE HANDS AND SEAL OF EACH PARTY. /s (SE~?L)
.
~ 5• S 5 uoc. a-C' s ~o (SFAI)
"'to ottg~n~ ~~a''ie /s/ Bett J. James
~ Betty J. Ja~ea
(sE~°?~)
_ ~ S~~ 225
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