HomeMy WebLinkAbout0895 ~o ~laue and to ~lotd IRe samr, fuv~ltier euilh Ihe fenemE~nfs. he?rdilumPnfs an~~ app~ufe~
nunc•rs I~~ert•fu tir~on~~in~~. nn~~ I~ie n>nfs. issues anc~ pro~ils fhe?~ol. unio fhP mo~fga,yee, in (pr simp~e.
T1n~ t~~e mu~l~al~or co~~enants u~ifl~ Ihe mort~a~ee 1{~at Itie Morlgagor is inc~r~easibly sNizec~ of said
~anc~ in ~ee simp~e: ftiat ftie morlfla~or has goocl ~tfl~t and law~u~ aul{~ority to convey saic~ ~una as a~orr•
sai~: that IhP murtgar~or u~ill make sucl~ ~urlher assurances to pe~Jecl tl~e /ee simple title to said land in the
mo?Igagee us m~y reasonably be reyui?ed: ?hat the mort~agor hereby jully warranls tl~e tifle fo said land
und will de~end if~e same aflainst tbe law~u~ clnims o~ aII persoru wl~omsoever; and that ~a~d. ta?~d is Jree
a~d fIPp/ o/ all encum6mncea EXCept that eertain first mortgage as reeorded
~in O.R.Book 238 at page 942, St. Lucie Cour.ty, Florida.
PROVIDED ALWAYS: tMat if said Mortgagors shall pay unto said
Mortgagee the certain promissory note
hereinafter substantially copied or identified
~ to-wit:
;~3,500.0o No
For~ Pierce. Elorida September 26, 19 75
~ f~ vaiva r~eiveci, i, we, or either of us, promise .to pay without defalcation to tfie orcler of
Josepriine I3~tclcey , at the office of the payee
herein in Fort ieroe Florida or at such other plaoe as the psyee herein shall desig~ate in w~iting, the
sum of ; ~~50~ .OQ with interest from date at tfie rote of 9• 96 per ennum, payable
in monthly installments as follows, to-wit: .
; 2rj.00 20th day of ~tiaber 19__Z2~___ and a like sum
on the oorresponding day of each like succeeding month thereafter unti{ OCtObCY'
20, 1980 at rhich time the entire unpaiQ pMnaipal balance
comea due and peyable in ft~.tl plua any aocrued intereat.
In the event any amounts currently due and/or past due under the terms of this note are not psid
by the 27th day of the month, a late penalty of 5.0% of the combined amounts cur~ently due and; or
past du~, wi{I be addeci to and coltected with whatever amouMs are due for the month in question. ~f
currently due and/or past due payments or parts thereof uncier the terms of this note remain unpaid
at the end of any month, then said unpaid amouns wi{I be carried forward arxi added to ihe amounts
coming due under the terms of this note for subsequent months for the purpose of calculating subsequent
late penalties. Amounts due under the terms of ihis note.are understood to be but not limited to. ,i
,
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(1) Regularly amortized interest and priR~ipal payments.
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I (2) City andlor couniy taxes when paid by the payee herein.
j (3) {nsuronce premiums when paid by the payee herein.
~ (4) Se~ior mortgage payments when paid by the pay+ee herein.
E Street, sewer and water liens when paid by the payee herein.
~
; Each installment first shall be applied in the paymerrt of the interest and then on the unpaid bal-
a?xe of the principal sum. If default is made in the payment of any installment when due, then at the
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4 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 installments at any instelimeM matu~ity date, but this sfial)
E not extend the time of maturity of any subsequent installment. Neither forbearance, nor acceptance by
the holder hereof after any default in any payment he~eon, shall be c~eemed extension.
° Each maker, surety and endorser hereof, jointly and severatly, waives demand, presentment,
protest and notice of protest fo~ ~wnpayment, and further agrees to any extension of time of payment,
either before or after maturity, without notice io any of us; and to pay all costs of coNecsion, inctuding a
~ reasonable a»orney's fee in the event of any default hereunder.
WITNESS THE HANDS AND SEAL OF EACH PARTY~S/ GwendOlyn Mathis (SEAt)
Qwendolyn Mathie #
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~ ~ /S/ Judy M. Mathis
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