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Home My WebLink About1449 ~o ~iaue and to ~totd I~~e samr, fugrl{~er wif~ I~e fenemNUfs. here~~ifumenls an~~ appurfv nunri~s t~~Prelo 6r~unpinQ, ~n~I fiir ienfs, issu~•s anc~ profifs f~~ereu~, unfo IhP morfpageP, tn JPP simp~p. ~ln~ Ihe morlpa~~or cu~~enanfs u~il~~ Ihe morff~apee ttiaf Ihe morlga~or is inc~r~~asib~y SP12P~ oJ sait~ Iand in Jee simple: ~h~t ~he mo?fflngor has go«l rtght nnd Inw~ul nulhority to con~~ey said lund as u/ore- saiir; !/~at I~e murfgac~or u~i~~ mnke such ~urf~er assurances fo per~ec! ttie Jee simp~e fil~e lo sai~ ~and tn !he mo?lgagee as may reasonab~y be ?equt~; fhal f~e morlgago~ tiere~y lu~~y warrunfs ftie til~e fo said ~ond and ~uill deJend Ihe same against the lawju~ clalms o/ all penons whomsoe~e~: and Ihat said lund is free and clpo. oj nit encumbmnces exeept that eertain first mortgage as reeorded in O.R.Book 229, at page 10, of the Public records of~st. Lucie County, Florida, which presently has an unpaid principal balance of $75,394,40 PROVIDED ALWAYS: that if said Mortgagors shall pay unto said Mortgagee the certain promissory note hereinafter substantially copied or identified ' to-wit: ~ 27,500.00 No 553 Fo~t Pieree; ~lorida October l, ~q_~~ ~w value received, 1, we, or either of us, promise to pay without defalcation to the order of Harris Construction Corporation ; at the offiae of the payee herein in Fort P'er~.e ~ a or at such other aoe as the ee herein II esi nate in writi the P~ PaY 9 ~9. sum of 2~~ 7~~ with interest from date at the rote of % per annum, peyabie in monthly instatiments as follows, to-wit: = 1,269 .00 ~ the lOth day of November ~9~`.- and a~like sum on the corresponding day of each like succeeding mor~th #~ereaNer until paid i21 full . In tfie event any amounts currently due and/or past due under the terms of this note are not paid by the 17th day of the month, a late penalfy of 5.0% of the combined amounts currently due and/or ~ past due, will be added to and eoliected with whatever amounts are due for the month in question. If currenNy due and/or past due payments or parts thereof under the terrr?s of this note remain unpaid ~ at the end of any month, then said unpaid amount will be carried fo?ward and added to the amounts ' coming due under the terms of this note for subsequent months for the purpose of calculating subsequent late penalties. Amounh due under 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 tfie payee herein. (3) Insurance premiums when paid by the payee herein: (4) Senior mortgage paymeMs when paid by the payee herein. - - - Sheet, sewer and water liens when paid by the payee herein. Each insiallment first shall be applied in the payment of the interest and then on the unpaid bal- ance of the principa) sum. If default is made in the paymeM 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 ai once. Privilege is given to pay two or more installments~ at any installment maturity date, but this shall not extend the time of maturiry of any subsequent installment. Neitfier forbearanoe, nor acceptanoe by the holder hereof after any default in any payment hereon, shal) be deemed extension. Each maker, surety and endorsa~ hereo#, jointly and severolly, waives demand, presentment, ~ protest and notice of protest for nonpayment, and further agrees to any extension of time of payment, ~ either before or after maturity, without notice ta any of us; and to pny all costs of collection, including a ~ reasonable attorney's fee in fhe event of any default hereunder. , ~ WITNESS THE HANDS AND SEAL OF EACH PART1f.~S/Neil S. Burd ~ e i . I3urd ~ $41.25 in Florida State Doc. ~ Stamps affixed to ori ote. • ~ /S/Russell K. Burd II • Russell K. Burd II ~ /S/Nancy S . Burd ~q~~ Nancy S. Burd ~ eaoK 244 PacE~45Q , - _ . ~ - - ~ ~ c'~,:s. ~w.-~ ~7,. _ . ~ ~y__ .