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~ ~o ~aue and to ~iold I~~P somr. fi»p~l~~rr wif~~ 1~~~~ IrnNm~nts. hrr.~i~ilun~Nnfs cen~~ oppur?r
~~nn~•rs f~~rrrla ~~r~on~~in~~. un~~ 1~~~ ?e?~ls. iuui~s nnt~ pro~ifs 1~~rrnu~. unfo 1~~r morlya~~rr. in ~Nr simp~r.
~n~ Ihv morf{~~~~or i•o~~~v~~e~ts u~i1h fhP mu?tl~at~ee !{~a! Ihp morf~a~~o? is in~~~~e~i6~y ~viz~~t~ o( saic~
~an~~ in (i~~ simp~v: Il~af f{ie morf{~aflur tias {~ooc~ ri~ht an~~ ~a~o~u~ aull~o?ily Io ~-um~~y sai~r I~uu~ .~s u~ore-
snid; Iha1 Ih~ murfqu~~or u~ill malce such ~urltier assurancrs to per(ect IhP /ep simple lille to said land in the ;
mo?t~~ai~ee as mo~ r~ason~~~~y 6e requirc~: eha~ ~h~~ mo~ffla,yor her~6y f u~~y u~arranls f{~e lil~p lo saic~ ~a??t~ ;
nnd ~rill dv/~~nd the snme apninst the lau~~ul claims o~ all pe?sons u~homsoea•er, nnd Il~at said land is (rre ~
~ ~,~,d ~I~~~~ ~U P~~~•~~mbrnn~'~s except that certain first mortgage of record ~
to First Federal S&L Assoc. of Fort Pierce, Florida.
PROVIDED ALWAYS , THAT IF SAID MORTGAGOR SHALL PAY UNTO SAID
MORTGAGEE THE CERTAIN PROMISSORY NOTE HEREINAFTER SUBSTANTIALLY COPIE
OR IDENTIFIED TO-WIT:
:
i ~
S 4,550.00 t~ 661 ~
- Forr P~eroe, Florida ~oember 22, 1~~T ~
For value reteived, I, we, or either of us, promise to pny without defalcation to the order of
Harrie Conatruotion Corporation , at the offiae of the payee ~
herein in e, ~da or at such other plaoe as the pnyee herein s#~all desiynate in writing, the :
~j ~ 1
sum of ~ with interest from date at the rate of 0- 96 per ennum, payable . '
in rr~onthly installments as foltows, to-wit:
~ 1~6.82 let day of Feb7~'~as'Y 19~ and a like sum
on the eorresponding day of ead~ like succeeding month thereaffer until P~d in rtlll ,
.
t
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~ In the event any amounts turrently due and/or past due under the terms of this note are not pbid
f by the 15th day of the montfi, a late penaly of 5.0% of the oombined amounts curre~tly due and/or
G paat due, will be added to and collected with whatever amouMs are due for the montfi in question. If
~ currently due and/or past due payments ot parts thereof under the terms of this rate remain unpaid
~ at the end of any month, then said unpaid smount will be carried forward and adde~i to the amou~ts
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 this note are understood to be but not limited to.
~ (1) Regularly amartized interest and principal payments..
(2) City end/or county taxes when paid by tfie payes herein.
(3) Insuranoe premiums when paid by the payee herein.
(4) Senior mortgage payments when paid by the payee herein.
Street, sewer and wate~ liens when paid by the payee herein.
E~ch installment firat shall be applied in the payment of the interest and then on ths unpaid bal-
ance of the principal sum. If default is made in the payment of any inatallment when due, then at the
option of the holder, and without any other notiae, all the remaining installmenh shall be due and payable at
once. Privileye.i~_given bp~y two or more installments_at_bny installment rr~turit~r_date,_but this shall _
not extend the time`off~n3~rity of any subsequent instailment. Neithe~ forbearance, nor acceptar~ae' by
the holder hereof afte~ any default in any payment hereon, shall be deemed extension.
~ Eath maker, surefy a~d endorsar hereof, jointly and severally, waives demand, presentment, ' j
~ protest and notice of protest for nonpayment, and further agrees to any extension of time of payment,
~ either before or after maturity, without notice to any of us; and to pay all costs of collection, including a
reasonable attorney's fee in the event of any default hereunde~.
~ WITNESS THE HANDS AND SEAL OF EACH PAR'f~s~ Carrie Denmark Donaldson ~~q~~
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