HomeMy WebLinkAbout1631 ~o ~aue nnd to ~totd f{~e same, toyelher wilh ihe lenemenis, tie?e~ifame~~ls an~~ oppurle- ;
~IA~ICPS I~~prefo 6e~ongirifl, an~ Ihe rents, ISSUPS ~?ld Pfp~ils fhereoj, u~fo Itie mo?lgage~. iq ~PP simp~a. :
I ? ' . ~
~n~ fhe morlga~o~ coi~Pnanta u~il~~ Itie morfgagee t~af fhs morfgago~ is incle~eo~i6ly spised o~ said ~
~an~ in jee simp~e; fhat the mortpagor has good ?igtit ond lawf u~ aul~orIly lo convey snic~ ~ancr as a~o~+e- ~
sai~: that f1~e morf~agor u~ill ma~re such (urfher as:umneet to perjec! fhe ~eQ timp~t til~~ to sai~I Iencl in th~ i
mortgagee as may reasonably 6Q requirec~; t~af 11~e mortgogor hereby )uUy warranfs !tie tit~s fo sald ~and
nnd wil! de%nd the same agninst Ihe law/ut clai?ni oj al1 penons w~ionuoever: and that :ntd innd t: fre~
and clea~ o( alI encumbrance: _
PROVIDED ALWAYS, tha~ if said mortgagor shall pay unto said mortgag e
the certain promissory note hereinafter substantially copied or
identif~~d, to-wit:
- - - - - - - - - - . - _ _ - - - - _ _ . _ - - - ~
t ...-T s6~.~~ ~ ' . . ~ .ri -
Foirt Pieroe, Horida OOtoDel' ~i 19 .
For valua - received. we, or either of us, promise b Pay w'~thout defalcstion to ifie order of .
~1s 4oastlliot3,o~b C~'pol'atioit . at the offiae of the payee
herein in ~e F ida or at sud~ other pleoe as 1l~e payee he+reir~ ~a j designab in writirg, fhe
wm of with interest .from date at tfie rate of lv•v 96 per snnum, PaYable
in nwr~thly installmer?ts as folfaws, to-wit:
= ZZ.OQ cn the l~~ day of 19~ ar~d a like sum
un the oorresponding dsy of aach like sticoeecling monifi ~ereaftet until ~
1II lY11.
in tfie eveM any amounis cunently due and/or past due under ihe ~erms of this nete a~e not paid
by the~TtD day 4f a late penally- of 5.096 of tfie oornbined amounts cur~ently due and/or
! past due, will be added to and o~llected with whatever amounts are due for ~?e month in question. If
~ wrrently due and/or past due payments or parts thereof ur~der th~ ~Tre~ms of fhis note remain unpaid
at t}~e end of ar~y month, then said unpnid amount will be carried forward a~d added to the atnouMs
~ aoming due under the terms of ihis note ~ subsequent months for the purpose of calculating subsequent
late penatties. Amounri due under the terms~ of fhis rwte are underst+ood to be but not limited to. .
(1) Regularly amortized interest and principal paYments•
(2) City and/or aounty taxes when pald by the payee herein. _
(3) Insuranoe premiums when paid by the payee herein.
(4) Senior mor~age paymeMs when paid by the payee herein.
(5~ Street, sewer and water liens when paid by the paYee herein.
Each installment first shail be applied in the payment of the interest and then on the unpaid bal-
anoe of the principal sum. If default is made in ihe pnymeM of any installment when due, then at the
opticn cf the holder, and without any other notioe, al! the remaining ir?stallments shail be due and payable at
o~oe. Privilege is given to pa~y fwo or more installmems at any instsllmeM meturify date, but this sfiall
not extend the time of maturity of any subsequent instaltment. Neither forbearance, nor aoceptanae by
the holder hereof after arry clefault in anY payment hereon, shall be deerr~ed extension,
Each maker, swaty and endorsar hereof, (ointly and severally, waiyes demand, presentment,
~ protest and notioe of protest for nonpayment, and furthet agrees to any extensioM of time of payment,
either before or after ma?urity, without notioe to any of us: and to pay all oosts of oolledion, including a
reasonable attorney's fee in ihe event of any default hereundet.
WITMESS THE HANDS AN~ SEAL OF EACH PARTY.
.
$11.55 in fla. state Doc. Stamps (SEAtJ
. afPixed & cancelled
/g/Franklin A. Harris
ts~U
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