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~o ~iaue and to ~io[d ~~B SAMI', t~r~her Wl~n ~@lIHMp11~1, hN?r~iifumrnfs Al11~ A~1plt/IP~
nani•rs I~~en~fo tir un ing. ~n~ 1~~e rrnfs, issurs nni w ~Is f~~preo , u~lo f{~e mo~! a rr. ~n p~r.
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f~e murlpa~or co~~i~~~anls u~il~~ Ihe mo?fgapPe f{~al fhe morlgagor is inc~r~eati~~y. srizrd o~ aaia
~an~ irt ~eP simp~P; 1{~nt Ihe mo~tpago? has gooc~ rtg~l ont~ ~aw~u~ aulho?ity to convey sui~ ~une~ as ajon• ~
saic~: I~tnt 11~N morf~a~o? u~I~~ ma~e such ju?ther ossuroncea fo pe?~ec! Itie fee simp~e tif~e lo sal~ ~and in t~?~
' morlgagee as may reasonably 6~ requirec~; ftial f~~ mo?fpagor ~eretiy (u~~y woRanfs ttie til~e fo aaid land
and will dejend tl~e same apainst t6e Iawjul clnima o~ nl1 penona whoma~e~~e~: nnd ~I~nl antd Innd is ~ree
~ anJ ~Ipn~ o/ all encumbronces except that certain first mortgage to First
Federal S&L Association of Fort Pierce and recorded in O.R. Book
181, at page 1450 Public Records of St. Lucie Caunty, Fla.
. PROVIDED ALWAYS: that if said Mortgagors shall pay unto said
t~ORTGAGEE the certa~.rt promissory note herei.n-
after substantially copied or iaentified to-wit:
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3.669.00 ~ . S '
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Port Pieroe, ~iorida y~Druarr iT 19 -T6 ~
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for value teoQived, i, we, or either of us;,promise to pay without defalcation 1o fhe pr~r of y= '
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Ha~'!'1i: Mli~l'11 ~~ds ~ f fuch fier 1 ~ , st the Offioe o~f t~1s~~syee
hemin in P' oe~~` on or a ot p aae as ths :P ee herein shall designate in wri_1in~ the
,;um of i~ 6~~•~" with interest from date- at: t h e rate of Z d 9G per annum, paya b le ~
in monthly installments as follbws, fo-wit: . ' - _ - : .
, . 9 3.06 - 15t~ : .~lareb T~ ~
. s .r on the day of 19 and a iik~' sum id?
. on the oorresponding day of each likt; suaoQqding month thereafter until p~1~;,~! ~ '
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~ In the evens any amounts currently dve ar:,~/or past due under the terms of this note are nOt: paid
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by f~ 22ndday of ~the mooth, a late penalty of ~.096 of the aombined amounts cur~ently due a~d/or
past due, wilt be aac;.~ ro and collecied with whatevF' amounts are due fof fhe mas~tfi in questio~. If
currenNy due and/or past due payments or paris _ tneseof vnder the terms of this note remain unpaid
at the end of an month then saEd un id amount will be carried forward and added to tF~a emounts _ =
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awning due under the terms of this note for subsequent monfhs for ihe purpose of calculating -subsequent t;. T,
late penalties. f+mounts due u~det the terms of this r~o.te are understood to be but not limited to. -
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- (1) Regularly amortized intcrest and principnl payments. , : ;
(2) Ciry andjo- oounty taxes when paid by the payee herein.
(3) Insuranoe premiuma when paid by ~he pay~e herein: _ ,~,,f
~ (4) Senior mor?9~ PaYments when poid by the peyee herei~. .
Street, sewer and water liens when peid by the pnyee herein.
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fach installment first shall be applied in tfie payment of the interest and ther. on the unpeic~ bal- s`
ance of the principaf sum. If defavlt i: made in the payment of any instailmeM when due, then` bt the
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option of the holder, and withouY any other notice, all the rer.~ainirg installments shall be due,and payable at
once. Privilege is given to pay fwo or more installmenis at any installment maturity date, but this .shall
noi exter~d the time of ma of a su uent installment. " Neither forbearance, nor tanqe b s=
tu~tY ^Y ~9 ~P Y 3; ~
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the holder hereof after any default in any payment hereon; shap be deemed extension. '
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Each maker, surety and erxbrser hereof, joinNy a~d severolly, waives demand, preser~tment; L:
protest and notioe of protest for nonpayment, snd further agrees to any extension of time of payfient, ~s';"=L
either before or aher maturiry, without r~otice to an~? of us; and to pay sll costs of oollection, including s _
reaso~abte attorne~r's fee in tfie event of any default hereunder. ; 3
WITNESS THE HANDS AND SEAL OF EACH PARTY. (SEAL)
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