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Home My WebLink About1412 ~n ~iaue nnd to ~lold Ihe samr, foy~ltier with Ihe fenemrnfs. herr~~ifumenls an~~ appiufe~ ri~nci•s f~~r~elo 6elun~in~~, n?u~ !~e renfs, issues anc~ proJils fhereo~, unto I~e mo~lgngee, in !Pp simplp. ~in~ f/ie morfpagor coi~t•nnnt: u~il~e fhe morfflagee ftia! fhe mortyngor is tn~v~easib~y spizc~ o( aaid ~on~ in ~ee simp~e: rh4t ihe mortgogor /~as good right anc~ ~aw~u~ auftio?ify !o co~~~ey s4i~ ~un~ as a~on- saic~: f/~at tf~e mori~aya~ will make :uc~ fu~lher assuranees to per~ec! Itie ~ee simp~e fil~e lo aa1~ ~and in !he mortgagee as mny reasonably 6e required: tl~ut the mortgago~ 6ere6y jully wamanls tl~e Ntle lo said land and will dejend tl~e same against t6e law/u~ claims o/ all persona whomsoever; nnd t6at said land is /ree ' ; a~d ~lear oJ al[ encum6ranceseXCept tl~ose first mortgages reeorded in O:R. Book 238 at pages 936 AND 940 respective~y of the Public Records s ofl St. Lucie County, Florida. PROVIDED ALWAY~: that if said Mortgagors shall pay unto said Mortgagee the certain promissory note hereinafter substantially copied or identified ; to-wit: } f i ! f ~ _ . _ _ - - F iS :f t ` ? . ~ 5,000.00 ~ - • . ~ Fort Pieroe, Florids ~ ~ , 19 ~ For vafue received, 1, we, or either of us, promise to pay without defalcation to'the order p(f ; Franit111~ ~iai~rla . at the offiae o~ the payee ; herein in Fort P~' r Elor or at such other plaoe as the payee herein s all designate in writing, fhe ~ sum of ~ ''~o'~~ with interast from date at the ~ate of •0 96 ~per snnum, payabls ~ in monthly installments as follows, to-wit: s 50.00 ~~e 24tb day of 19 75 and a like sum on the oorresponding day of each like succeeding month lhereafter until diiA~ 20 ~ Y 1980 at tihiah tiae t.M entir~ un,Qaid priaaipal balaaa~ plus at~ saoru~d int~s~st xill ao~s Qu~s aad p~y?abl~ lo lLll a~ t.hat dats . ~ rr I u a or st due under the terms of this note are not id ~ In tfie event any amounts w ent y d e nd/ pa pa by the2T~ day of the month, a late penalty of. 5.0% of the combined amounts currentty due and/or ~ past due, wiU 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 thereof urxler the terms of this note rema~n unpaid ~ a at tf~e end of any month, then said unpaid amount will be carried forward and -~dded ta the amounts ~ coming due under the terms of ffiis note for wbsequent months for the purpose of oalculating subsequent ~ late penalties. Amounts due u~der the terms of this note are understood to be but not limited to. ~ (1) Regularly amortized interest and principal payments. ~ f (2~ City and/ar oounty ta~ces when paid by the payee herein. $ (3) Insuranc~e premiums when paid by the payee herein. ~ (4) Senior mortgage payments when paid by the payee herein. ~ Street, sewer and water liens when paid by the payee.fierein. Each installment first shall be applied in the paymeM of the interest and then on the unpaid bal- ance of the principal sum. If default is made in the paymeM of any installment when due, then at the option of the holder, and without nny other notice, all the remaining iiutallments shall be due and payable at once. P~ivilege is give~ to pay two or more installments at any- instailment maturity date, but this shall not extend the time of maturity of any subsequent installmeM. Neither forbearance, nor atceptanoe by the holder hereof after any default in any pnyment hereon, shall be deerr~ed extens'wn. Each maker, surety and endorser hereof, jointly and severally, waives demarad, presentment, protest and notice of protest for nonpayment, and further agrees to any extension of time of payment, either before or after maturity, without notioe to any of us; and to pay all costs of aollection, including a reasonable attorney's fee in the event of any default hereunder. ~ WITNESS THE HANDS AND SEAL OF EACH PARTY.~s~Emma Lee Morris ~q~~ f s s ~ $7.50 in Florida State ~A~~ t Documentary stamps affixed to original not . (SEAI) ± ~ ~ (SEA~) ~ ` ~ ~ ' ~ ; P ~ ~ `r ~ Y n • 1 I ~ C. , Ja„Z X`- , ' ~ ~ . _t ~ ~.r~C _~t~~- , ' - vi' `~~~2`~¢'~3??'ay.~~.~~_ . 1 ~v.~ . .