HomeMy WebLinkAbout0034 ~o ~iaue and tn ~old !{~P sam~~. luyrf~~er wil~ Ihe le?~emrnfs. I~r.e~~ifumenls nn~~ upp~ufp-
~ianci>s I~~~relo he~un{~inn. anr~ I~i~ renh. issues an~~ pro~i/s IhernoJ. unlo i~~e murfflagee. in jPP simplp. ;
f
~n~ 1~~e mortpa~or co~~i~nanfs u~il~~ Ihe mortf~a~~ee I~iaf Ihe mo~tga~ur is in~~e~~easi~~y srizec~ oj said ~
land ir~ (ee simpl~; ~h~t rha mortga~o~ has pood ?igl~t and lawjul aulhorily to con~~ey snid Iund as aJore- ;
sai~: ~h~~ ~hP mu~l~a~~or u~i~~ make such jurll~er assurances to perfect Ihe jee simp~e fil~e to said ~and in tl~e `
mortya~~ee as m~y reasonably be required: Itiat fhe morfgapor herehy ~ully u~arrnnls fhe litle 1o said lund
and u~ill dp(end tl~e same against tl~e IawJul claims o~ all pe?sons whomsoever: and Ihat said land is jree
anJ rlpa. oJ al[ enrum6rances except those specified in that certain warranty ~
deed dated April 26, 197~ from the Mortgagors herein to the Mortgag s i
':erein for thP ~ame land.
. ~
PROVIDED ALWAYS, that if said mortgagors shall pay unto said
hlortgagee the certain promissory note hereinafter
substantially copied or identified to-wit: '
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; f¢h value received, -I, we, or eithe~ of us, promise to• Ray without defalcation to'the a.rdei :of
, at the offio~ qf ihi. p,yee
~ .~wt.~r.M~lt~. ~ ~ , f:
~ t:ort Pierce, Rori a or at such other plaoe as the payee: herein 1 designate iA~~~irti~A~;i ~e -
~k~ ~
4~f"~i... - with interest from date at the rate o+' - 96 per ar?tluf»;'pciyOQle
~`~,'mbi?tf~ly installments as ~folbws, to-wit: ~ ~ ~ ~ . .
, , _ s ~ _ . :
~ ' ,~2,~
~.~i ~M - ~on. the day of~' 19~ and 'a Klct ~bm ~w
A.: on tfie correspotu~i{~?g day of each like su«e~ding ~~artth ~reafter unti! .<:>i~+ a
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:~:'~?•tA:f~}e event any amounts currently due and/or past due uhde'~ the terms of this note are ~'id t
t~y~lhe~~. day of the rrionth, a• lat~e penalty of 5.0% of tfie bornbined ~mounts currently du~ ar~or
f p~;t~~~ierill be added to end collected wi~ whatever amounts .are di?e ~qr the month in';tjus~i~:~lf ~
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~~n~l~ '=due and/or past due. payments or parts thereof undet 'tfie terms of this note reir?airi _•t~i~id
~ e~ f1t~ ~~of any month, then said unpaid amount will be carriat~ for~ivard and added td=~ie'-sii~ottnts
t~iOM~n~_due under the terms of this iate for subsequent months fo1 fhe:purpose of calculatii~ tub~~t i,
~n~~iss. Amounts due under the terms of this note are unc~etsl~oo~_ i~ be but not limited td~:r -~c
. _ . •i.~ j. . L•~~t.~~ .
' ~ ~ - . . • ~ ' . _ " ' . ~ _ ~
~ . (1) Regularly amortized interest and principal payme[~ts.
: (2) City and/or o~unty taxes when paid by the payee herein. • ' 4' `s
~
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(3) Insurence premiums when paid by the psyQe• hefein. _t_. ~
; (4) Senior mortgage payments when paid by~ t
h e payee herein. ~
(5) Sheet; sewer and water liens when paid by fF~e payee herein. > ~
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~ ;Eed1 installment first shall be applied in the payment of the fnteiesf~ and then on the un~tsid #bl-
S.•,
at~Ge:of'Nie.principal sum. If default is made in the payment of 8ny insiallment when due~ tF~e~lei~,t(~e _
optioe of ihe holder, and without any other notice, all the remaining instaHments shal! be due a~nd ~~~bl~at -
onaa:: Pcivilege is given to pay two or more installments at any lrutallmertt maturity date, ~u~:~:~111
no~ e~ctend the time of maturity of any subsequent installment. Neither forbearance, nor ~ooe~~;by
tbe hotdet bereof after any default in any payment hereon, shall I~e de~med extension.
~ f.ad~ maker, surety and endorsar hereof, jointly and severally, waives demand, presert~hfi~t, ;
` p~ates~•and ~notice of protest for nonpayment, and further agrees b any extension of time bf_ pbyiY'i~At, ~
eltflee~#~efore or after maturify, witho~t notiee fo any of us; and te=}~py all tbsts of mllectioA, I~t~.a ~
rea~able attorney's fee in the event of any default hereunder. '
. , . , ; i; ~x: •
WIT'N~SS 7HE HANDS AND SEAL OF EACH PARTY. /S/ Noe l J. Hens le y:~~~ ~
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~ ` ~ /S/ Sandr ~ . Hens le :.iSF;~t)
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. f . 60~~I PAGE v J
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