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HomeMy WebLinkAbout0004 i ~ ~o ~iaue and to ~iotd f~~~ sum~•. fug~•I~~~v u:if~~ I~~i~ Ir•nrmrnfs. ~i~~n•~~ifumi~nh um~ u~~~~~ul~~ nn~~r~~s I~i~~rrlo ~~r~ungirig. ~uu~ I~~i• mnfs. issu~~s an~~ pro~ils I~~F~rro~, unfo I~iv murf~ai~r~~. in JPr sim~?~~~ I ~ ~nd f~u~ mu?It~a~~or t'oi~rnanls ~ril~~ 1~ie murli~agN~ fhaf fhM morfy~~jo? ~s e?u~~•~~~mihly ~~•t_~•~~ o~ sai~~ ~ I~n~l in simpl~: Ihaf Ihe morfgaflor has <~cwd righl and la~o(ul aullw?ity ta co?u~~y sai~~ lun~l ns u~ure scii~l: Ihuf Ilu• n~urfgayo? ~o~l~ m~ke sucl~ (ulfl~er os~urnncPS 1o p~r/PfI (~P ~eN simple Iil~e to sai~{ lnnd in the mnrt4~9pp as m~~ ~Pasunab~y be require~~; thal t~e mort~a,yor 1?~?eby ~u~ly u~arrants the tille tu said ~a~u~ ~nd u~il[ d~(v?i~l the snme against the lau~f ul claims o~ all persons u~homsoet•pr: nncl Ihot said land is ~?ee . ~?~d ~lP~. o( Pnc-umhrances except that certain first mortgage ~to First Federal S&L Assoc. recorded in O.R.Book 281, page 1~03 public records of St. i,ucie county, Fla. (2) taxes accruing after April 21 1978 PROVIDED ALtJAYS: that if said mortgagor shall pay~unto said mort- gagee Lra* certain promissory note hereinafter substantially copied or identified to-wit: 6,ooa.vo No ~ ~5q t Fort Pierce, Florida Apri 1 21 ~ q~ For value received, 1, we, or eitfier of us, promise to pay without defalcation to the order of Harris Construction Corporation , ar rhe offioe of ihe Payee herein in Fort Pierce, Florida or at such other plaoe as the payee herein sii~ll ~esignate in writing, the sum of a 6 OQO 00 with interest from date at the rate of ' % per ennum, payable in monthly installment as. foltows, to-wit: • $ 55•00 ~ the 10~ day of May 19~_ and a like sum on the mrresponding day of each like succeeding month ifiereafter until May l0 ,19 83 . at xh3ch time any ulnpaid balanee of principal and interest r+ill come due ar~d be payable in full. I In the eveM any amounts currently due and/or past due under the terms of this note are not paid j by the 25thday of the month, a late penalty of 5.0% of the combined amounts currently due and/or ~ past due, will be added to and collected with whatever amounts are due for the month in quesiion. If ` currently due and/or past due payments or parts thereof under the terms of this ~ote remain unpaid # at the end of any mo~th, then said unpaid amount will be carried forward and added to the amounts ~ coming due under the terms of this note for subsequent months for the purpose of calculating subsequent ¢ late penalties. Amounts due ~nder the terms of this note are understood to be but noi limited to. 9 ~ ~ (1) Regularly amortized interest and principal payments. ~ (2) City and/or oounty taxes when paid by the payee herein. ~ (3) Insuronce premiums when paid by tf~e payee herein. ~ (4) Senior mortgage payments when paid by the payee herein. - ~ (5) Street, sewer and water liens when paid by the payee herein. ~ Each installment first shall be applied in the paymeriT of the interest and then on the u~paid bal- ~ ~ ance of the principal sum. If default is made in the payment of any installment when due, then at the ~ option of tfie holder, and without any other notice, al! the remaining installments shall be due and payable at ~ once. Privilege is given to pay two or more installments at any installment maturiry date, but this shall riot extend the time of maturity of any subsequent instal~ment. Neither fwbearance, nor acceptance by . ~ the holder hereof after any default in any payment hereon, shall be deerr~ed extension. ~ ~ Each maker, surety and endorsar hereof, jointly and severally, waives demand, presentment, ~j protest and notice of protest for nonpayment, and further agrees to any extet~sion of time of payment, either before or after maturity, withouf notice to any of us; and to pay all costs of collection, including a reasonable attorney's fee in the event of any default hereunder. ~ WITNESS THE HANDS AND SEAL OF EACH PARTY. /s/ Gloria J. Wilson ~,EAL) _ (SEAL) (s~?~) ~ ~b ~ n.~ Z ~ ~ :t~ :~y ,