HomeMy WebLinkAbout1493 ~o ~ue nnd to ~iold t{~e same. lug~ltie~ wilk 1~• Ior?Qmenfs, he?ecllfainenls anc~ appurfp•
nances I~~erefo be~onging, an~ Ihe renfs, issues nnd prof Ils Ihe?eo~, unto Itie 111WI9Q~PP, In (ve JIIIIPIP.
t?~e mo~fpago~ coi~enanl~ wilh Ihe mwt~agee Ihat the morlgagor i~ indrjna~i6ly spized oj soid
~an~ In (ee timple: ftiat !tie moNgagor 1~as good rigtil nnd ~aw~u~ aut~orify to convey snid ~anc~ as oforo-
sotc~: f/~a! Ihe mort~agor w1~~ make iuch jurther assurances fo per~ecf Itie ~ee simpl+r fitl~ fo saiel lpnd in fhe
mortgagee as may reaaona6ly 6Q requtred; ~ha~ ~h. mortgagor here6y /ully wananta the tttle fo ~atd land
and will dejend thQ same againsf !hv law/u~ cIa!?ns o~ aR penw~s whomsoev~r: ~d thar suid land is ~rea
a~d ~l~r o/ aIl encumbmnces except that certain first Mortgage to First
Federal S&L ASsociation of Fort Pierce, Fla., recorded in
O.RBook244 page 2688 Public records of St. Lucie County, Fla:
PROVIDED ALWAYS: that if said Mortgagors shall pay unto said
Mortgagee the certain promissory note
hereinafter substanti811y copied or identified
to-wit•
i~.~~~~ ~ No ~ ~
~ Fort Pierae, Florids OOtOb~1R ~ y 19 7~ -
for value received, 1 we. or either of us, promise to pay witF~out defalcstio+n tu the ader of
~r1~ CBHitl'i~t?fol~ CO~qoi~itl0~ , at the offke of tfis payee
herein in ~e~" ~d~ or at such othar pisoe as the payes herein ~all des~yr~ste in writin~, the
wm of ~j~ i~'` . with interest from date at ths rate af~sQ...._9L per annum, psyabis
in monthly instalima?ts as foliowa, to-wit:
~
~j^00 20tt1 day of ~~~~1' 19~_ and a like wm
on the oorresponding dsy of ead~ like wooeeding moMh thereafter until DiO~~i1' '
20, ~98o ati w'hiab tir. t~he u~Q Pr~ie~ai~a~ Dalaa~~ p~+~s
an~y aa~xved in~ere~t ~ri~7. bs ¢~t ~ Dyabl~t in l~tll.
in the eveM eny amounts currenNy due and/or past due unde~ the terms of this nota aro not paid
by the day of the montfi, a late penalty of 5.096 of the oornl~+ned amounts currently due and/or -
past due, will be sdded to and a~ilected with whatever amoun~s are due for the moMfi in queation. if -
~ currenNy duo and/or past due payments or parts thereof under the tem~s of thi: nate remain unppid
i at the end of s~y month, tfien said unpald amount will be csrried forwa~d and added to the aawunts
~ coming due under the terms of this note for subsequent months for the purpose of calcu{ating wbseguent ~
~ iste penalties. Amounts +due us~der the terms of this note are understood to be bvt not limited to.
~ -
~ (1) Regularly amortized interest and prindpal payments.
(2) City and/or oounty taxes whan paid by the psyee herein.
(3) insuranca premiums when peid by the payee herein.
(4) Senior mort'9~ PsYments when paid by ihe payee herein.
Street, sewer and water liens wt~ paid by fhe paYee herein.
Each installmeM first shail be applied in the payment of the intafest and then on the unpaid bal-
ance of the principal sum. If default i: made in the paymeM of a~ry installment when due, then at the
~ option of the fiolder, and without any other rwtiae, all the ~emaining installments shali be due and paysble at
once. Privileye is given to pay two or more inatallments at any installment maturiy date, but this shall
not extend the time of maturity of any subsequent instaliment. Neither forbeara~oe, nor aoceptanae by
the holder hereof after any default in any p~ayme~t hereon, shall be deemed extension.
z Each maker, surety and endorsar hereof, (ointiy and severally, waives demand, presentme?rt,
~ i prWest and notice of protest for nor?payment, and furthe~ agrees ro any extension of time of payment,
~ either before or afler maRurity, wi~hout notioe to any of us; and to pay sll a~sts of o~l{ection, induding s
~ reasonable attorney's fee in fhe event of any de~fault hereunder.
~ WiTNESS THE HANDS AND SEAL OF FACH PARTY.IB/ O A ~q~~
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