HomeMy WebLinkAbout1416 r -
~o ~inue and'; to ~iotd f
tti~ same, tugell~er with Ihe Irnem~rits, herre~ifuntenls an~I appurfe
nances 1~~~refo he~unflin~ nnrl II~e renfs, issues nncl pro~ils I~~ereo~, unfo I~~e murlgayee, in (pe simp~p.
Iin~ Ihe ~fp~gor co~~~nanfs u~il~~ ftie mortgagee fhaf fhe ~nortgago? is in~r~PO:~bly srized o~ said
land in Jee simplp: Il~at Ihe mortgago? has good ripht and Iaw~ul authority fo coni~ey said Iund as aJore-
said: fl~at t~e mur ago~ u~ill make such Ju?tlter assurances fo perject tl~e jee simple title to said lnnd ~n the
mo?tgagee as may reasonably 6e required: tl~at t{~e mor~gagor hereby ~ully u•arranfs Il~e litle lo suid land
a~d will de%nd t' same against f1~e IawJul claims o/ all persons u~honuoevrr; nnd Il~at said land is Jree
and clear of all encumbrances except th8t first mortgage recorded in O.R.
Book 238, Page 1032, Public Records St. Lucie-~ County, Florida.
PROVIDED ALWAYS: that if said Idortgagors shall pay unto said
Mortgagee the certain promissory r.ote
hereinafter substantially copied or identified
to-wit :
t Z s340~.00
tvo
Fort Pieroe, Florida ~ 6~ ~ 9 75
For value received, I, we, or either of us, promise to pay without defaication to the order of
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rraiisian w• aa='t10 , at ihe ofiioe of the payee ~
herein in Fwt pieLcg _Flo~ a or at such other plaoe as the payee herein hali designate in writing, the ~
sum of ¢ Z s9~ • with interest from date at the rote of ~0 96 per annum, payable
in monthly installments as follows, to-wit: ~
! `a
2rj.00 20th day of M~ 19~_ and a like sum
on the cor~esponding day of ead~ like suoceeding month f4~ereafter until .T1~! 20 ~
1980 at trhich tiar tbe ~Atis~ tWpaid priuoipal balattof
. plns as~ aaorwd iat~rsat ~rill oo~t Qw and ~abl~ in
tull at that date: ~
~ In the event any amounts currently due and/or past due under the terms of tfiis note are not paid i
by the 2'j~day of the month, a late penalty of 5.0% of the oombined amounts cur~ently due and/or
past due, will be added to and oollected with whatever amouMs are due for the month in question. If
currently due and/or past due payments or parts tf~ereof urxler the terms of this rwte remain unpaid
at the end of any rrbnth, then said unpaid amount will be carriec! forward and added to the amounts
: coming due under the terms of this note ior subsequent months for the purpose af calculating subsequent
late penalties. Amounts due under the terms of this note are undent~~e but not limited to.
~ (1) Regularly amortized interest and principal payments. ;
; (2) City and/or county taxes when paid by the payee herein.
~ (3) .Insuranoe prerttiums when paid by the payee herein.
> .(4) Senior mortg~ge payments when paid by ihe payee herein.
f (5) Street, sewer and water (iens when paid by the payee herein.
~
~ Each insiallment first shall be applied in the payment of the interest and then on ihe unpaid bal-
~ ance of the principal sum. If default is made in the paymeM of any instailmer?t when due, then at the {
f
opfion of the holder, and without any other rwtice, all the remaining installments shall be due and pnyable at
z onte. Privilege is give~ to pay two or more instaltments at any installment maturity date, but this shall
not extend the time of maturity of any subsequent installment. Neither forbearance, nor acceptanoe by ?
~ the holder hereof after any defauit in any payment hereon, shall be deemed extension. ;
Eacfi maker, surety and endorsar hereof, jointly and severally, waives demand, presentment,
: protest and notioe of protest for nonpayment, and further agrees to any extension of time of payment,
t either before or aher maturity, without rwtioe to any of us; and b pay all costs of oollection, including a
- reasonable attorney's fee in the event of any de~fault hereunder.
~
~ WITNESS THE HANDS AND SEAL OF EACH PARTY. ~s/Alfred Davis
?1!'r~a Dst?is
~ #3 • 75 in Florida State documentary (SEAI)
~ Stamps affixe to original note. ~B~Martha Lee Steven
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BOOK ~.eh~ PACf
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