HomeMy WebLinkAbout0891 ~o ~iaue and to ~lAtd Ih~ sam~•, luyelher wil~t Ihe te?~em~•nls. he?r~~IIUhIPflIS an~~ appu?t~
nani•es I~~pmlo ~u~~~~nf~ir~{~. nn~( 1~~~ mnfs. issu~s ~n~~ p?oJifs Ihe~eo~. unlo Ihp morlga,yPe. in jPr simp~P.
~ ~ ~nd f~~e mwl~a~~or cui~enanls u~il~~ Ihc morfc~a{~re Itiaf Ihe morfgu{~a~ is incjv~~asi~~y sNix~~ o( said
~ana ir~ (ee simp~e: lhnt tl~o mo?fflago~ I~as flood ripht and ~aw~u~ null?ority fo cuni~ey sai~ ~un~ as a~ore-
sai~: !/~n! I~iN murt~u~~or u~i~~ make su~•h furfher assurances tu p~vject IRe jee simp~e fif~e !o saic~ ~anJ in fke
mortgagee as may ?easonal~?y be required; Ihat the mortgagor hereby (ully warrnnts tl~e tille to said land ,
and u~ill deJend Ihe same apainst the law/u1 claimt of all perso?u whomsoe~~er; and tha! said land is Jree
a~d clea? oJ QI! encumbmnces exeept that first mortgage reeorded in O.R.Book
238, at page 938 of the public records of St. Lucie County, Florida.
PROVIDED ALWAYS: That if said MORTGAGORS shall pay unto said
MORTGAGEE the certain promissory note herein-
after suvstantially copied or identified to-wit:
7 Ac
~ No
Fo~t Pierce, Florida ~Dt@~ber 20, ~q7~
For value receivad, I, we, or either of us, promise to pay without defalcation to the order of
~r~i~If~n A. 'aarc3i , at the oifice of ti~e payee
herein in Fort Pierce, Florida or at such other plaoe as the payee herein shall designate in writing, the
sum of = 2 a~~ 3• 95 with interest from date at the rate of 9• ~ % per ennum, payable
in monthly installments as foltows, to-wit:
s 25.00 ~~e 20i%b day of 4CtOber ~q~ arid a like sum
on ihe oorresponding day of each like succeeding month tfiereafter until O~tobsr 20~
1980 at ~hich tis~ tb~ entirs unpsid prinaipal balanoe plua
ar.y aacrued interest rill oo~e aad payabl~ in tull on
thet flate.
In the event any amounts currently due and/or past due under the terms of this note are not Raid
by the 27th day of the month, a late penalty of 5.096 of lt~e combined amounts currently due and/or
past due, will be added to and mllected witfi wha~ever amouMs are due for the month in question. If
' currently due and/or past due payments or parts, thereof under the terms of this note remain unpaid
II at the end o~ any mo~th, then said unpaid amount will be carried forward and added to the amounts
'i coming due under the terms of this note for subsequent months for the purpose of calculating subsequent
late penalties. Amounts due un~er the t~rms of this note are understood to be but not limited to.
(1) Regularly amortized interest and principal payments.
(2) City and/or munty taxes when paid by the payee herein.
(3) Insurance 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 herein.
:
~ ~ 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 fhe
~ option of the fiolder, and without any other notice, all the remaining installments shall be due and payable at
~ once. Privilege is given to pay two or more instaliments at any installment maturity date, but this shall
~ not extend the time of maturity of any subsequent installment. Neither forbearance, nor acceptanoe by
a the holder hereof after any default in any payment hereon, shall be deerned extension.
r
~ Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment,
~ protest and notice of protest for nonpayment, and further agrees to any extension of time of paymenf,
~ either before or after maturity,~without notice to any of us; and to pay all costs of ~Ilection, including a
reasonable attorney`s fee in ,tfie event of any default hereunder.
~
~ WI_TNESS THE HANDS AND SEAL OF EACN PARTY. ~S/ Samuel MePhall
~ $4.G5 in Florida State Doc. sa~el K~Phall
~ Stamps affixed to original note.
~ (~E~?U
~ (SEAI)
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