HomeMy WebLinkAbout0968
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, ~ ~o ~laue and to ~~old snm~•. tuc et~er ~j«• ~,~r,..,,,,.~,~,.
J ~~rirtrifumvnls un,r uppuil~•
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euu~ri~s I~u~r~~lu ~i~~~u?u~~n~~. ~~n~~ I~~r ?anfs. iuurs ctn~~ nro~ils f~~~~n•uf. tu~fo 1~~~ murf{~uy~•r. in ~p~• si?np~~~.
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1 ~r nw?f~~a~~or cui•~•nonls u~il~i Ihe mo?t~~a~re f~~nt fhe morf~/~{~u? ~s ine~r~rasitily sri:~i~ o~ sQit~
~nn~~ in (~r simp~N; fh~t f~~~ mo?t~aflur ~~os E~o«I ri~ht an~~ ~a~v~u~ aufhorily fo convey sai~ ~un~~ as ulore ~
sairl: I?~a! tl~p murf~af~or u~i~l make such ~urfher assurances fo perjecf Il~e ~ee simp~e Ii1~e to said land in tl~e ;
morf~a~ee as may reasonati~y he reyuir~: Ihal 1{~e mortgagor herr~?y (u~~y u~arranls I~e fil~P !o ~aid lund
I and u~ill dN/end Ihe same aQainst tl~e Iaw~ul claims o/ all persons whomioever; ~~d ~hut suid lnnd ia jree
a~d clNar oJ all encum6?anrea except that certain first mortgage from First
~ Federal S&L Association, Ft. Pierce, Florida, recorded~in O.R. '
~ Book 19?, at Page 1373. ~ ~ `
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PROVIDED ALWAYS: that if said MORTGAGORS shall pay unto said y
r10RTGAGEE the certain promissory note herein- ~
~ after substantially copied or identified, to-
wit :
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s3,56o.00 ~ : : No 6oi
: . Fort Pierce, Flortda ~~r l~, 19 ~
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I For value received,~ 1, we, or either of_ ui, Ptolrke . to pay without defalcation to`tt~e'order of
` : $t?!1• CO0~41'{10Z10~ OaTpi~'~~.~1. , at fhe offioe of. t1~e PaYee
her4iA'in ~ ids oc at sucfi other plaoe .a;.tlN payee herei ~},au designate in,vjrriting, the
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s~irtt ef with interest irom date~ ~t the rate of ~v-'v '16 per annVm, psyable
in inpnthly installments ss •follows, to-wit: : •
. ~ 109 • 6~ on ~he 1~~' . da~i _of 'T~ 1q 7t ' and .1ike sum
s°~ on the ootr.e~popding dsy of eadt.like suaeeding month tfiereafter untilpal~ ~l ~t1~.1
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In the eveM any amiwnts currently due and/or pest due under the terms of this not6 ~tQynot psid
by'the lsbbday of the month, a late penalty of S.OIf. pf tfie combined amounts currently du~ and/ot t~;`
past due, will be added to an~ ~Ilected with witaievefr '-amounts are due for the monfh in qvestion. If ';~Y r,.
curre~ntly due and/or pns~ due payments or.P4rts tlp~eo~ under the terms of this note remain unpaid ',_~~r
at the end of any month, then said u~paid amo~M wil!'be cerried forward and added to the amouMs"
oo~ir~ due undef the terms of this note for sv~iten# ~npr?ths for the purpose af calculatin~ aubsequent
~ IatQ penalties. Amounts due under the terma of -this r~te~,are understood to be but not limit~d ta.
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~(1) Regularly amortized interest ar+d :principal paymeMs. ~ i
t2) Cty and/w oounty taxbs whed ~peid by the pavee herein. -
(3j insuranae premiums wtian Pa!d b'Y fhe PnYee i~erein. _ ~
morfgsge paYme~ts when ~d the ee herein. ~ ~
(4) Senior Pa~ bY PsY R
~ Street, sewer and watar lierts when paid by the pnyee herein.
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Each installmer?t first shall be applied in the payment of the interest a~d then on the- unpaid bal-
ance of the principa) sum. If default is made if~ fhe paymerrt of any installment when dve, then at ihe
opiwn of the holder, and withovt any other notiqe, sll the . romaining installmaMs shall be due and payable at
on~e. Privilege is given to psy two or more instsllmerrts~ at nny installment maturity date, but this shall
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not extend the time of maturity of arry subseque~t instatlment. Neither forbearonce, nor aoceptanoe by
the holder hereaf after any defeult in any payment hereon, shall be deemed extension. ~ r"~
Each maker, surety and endorser hereof, joinfty and severolly, waives ckmand, presentment,
protest and notioe of protest for nonpayment, and further agrees to eny extension of time of payment,
either before-or after maturity, without notice to any cf ~s; and to pay all costs of oollection, including a ='j ~
reasonable attorney's fee in fhe event of any defe~lt hereunder. ~
WITNESS THE HANDS AND SEAL OF EACH PARTY. ~s/ Lionel Johnson ~q~~
#5. 40 in Florida Documentary /s/ Mary Lee Johnson ~q~~ - c~':
Stamps affixed to oriQinal note. -
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