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~'o ~iaue and to ~iotd I~~e snmr. lu~el~~er tuilh I~~e li~ne?n~~uls. ~ien•~Gfumrnls un~~ apptulr
' r~unrrs I~~rrrfu ~~c~~un~~in~~. anr~ I~ir renf>. issui~s ani~ pru~ils f~~en~u~. tu~lo I~~P mu?f~aqPp, in j~~~• simp~~.
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I nn~ 1{u~ mo?lya~~or roi~iv~onls ~oif~~ 1{~e murf~~a4~e~~ f~ial 1~~e murl~agor is in~~~•~c~asiE?~y s~•i:~~~~ o~ s~i~
lan~l in (e~ simpl~~: fhnt the mortgapor hns ~oocl right an~l law~ul aulhorily Iu runi~Py said (un~l as u~ore-
saic~: that 11~e~ murl~a~~or u~ill make such jiuther assuranees fo per~ect Il~e f~e simple lille fo said land in the
morf~~aqee us mny rcasona6ly ~?e ?equirecl: Ihaf the mo?tflaflor Itere6y f ul~y u~arrants Ihe tille to said land
and ~oill d~fend the snme apainst the lawjul claims o( aII person~ wl~omsoerer: an~ fhat ~nic~ ~and is Jree
A~J ~IPa. oJ all encum6rnnces except that certain first Mortgage recorded
in O.R.Book 92 at Page 530 and that certain second Mortgage recorded
in O.R.Book 230 at Page 1978 both of the public records of St. Lucie
County, Florida.
PROVIDED ALWAYS, that if said Mortgagor shall pay unto.said
Mortg agee the certain promissory note hereinafter _
substantially copied or identified, to-~r~it:
= 1,12~.0o No 5~~
Fon Pierce, Florida ~rii 16, 19~-
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For value received, 1, we, or either of us, promise to pay without defalcation to the order of ~
$~rli CoAatruotio~ COlpO~tlOtf , at the office of the payee
herein. in FQ rt ce lorida or at such other plaoe as the payee herein ~Fj~llodesignate in writing, the
sum of S jj~~~'b~ with interest from date at the rate of % per annum, payable
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in monthly instat{ments as follows, to-wit:
S 28•51 on the 15tb day of ~ i975 and a like sum
on the mrresponding day of each like succeeding month the~eafter until paid -
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In the event any amounts currently due and/or past due under the terms of this note are not paid ~
' by the~-~ 22Yldday of the month, a late penalty of 5.0% of the combinecl amounts currently due and/or
' past dug, will be added to and collected with whatever amounts are due for tfie month in question. If
~ curren#~y due and/or past due payments or paris thereof under the terms of this note remain urtpaid
S 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 unde? the terms of this note are understood to be but not limited to.
(1) Regularly amortized interest and principal payments.
(2) City and/or oounty taxes when paid by the payee he~ein.
(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 here+n. ~
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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 shall be due and payable at
once. Privilege is given to pay two or more installments at any installment maturity date, but this shall !
~ not extend the time of maturity of any subsequent installment. Neither forbearance, nor acceptance by ~
the holder hereof after any default in any payment hereon, shall be deemed extension.
~ Each maker, surety 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 p~yment, ~
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~5 either before or after maturity, without notice to any of us; and to pay all costs of co0lection, including a
° reasonablQ attorney's fee in the event of any default hereunder.
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~ WITNESS THE HANDS AND SEAL OF EACIi PARTY.~s/Roy G. Osteen (SEAt)
y , d ~tri ~
$1.80 in Fla. state documentary a
stamps affix d to original ~s/Bett J. Osteen (SEAL)
note . y ~ ~n
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8001( ~.JD P~GE ~.6~ ;
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