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~o ~iaue and to Mold 1hr snmr. Iwp•lluv le.•Ilh 1hP frfuvnrnls hl•rl•rlifunll•nls onrl uppurfl• '
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end Ihl• uulrf~~ailur I orl•?uulls u'illl IhP mutt}~al1PI• Ihnl 1hP nu,rlgnflor is iurlv~l•asihly s/•i.r/l o~ sai(1
land in (rP simllh•: that Ihr mortga{~u? has ~~o«I ?inht an<I lawful auf{gorily to 1`un!'/•y sai(1 luful as u~urP
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swirl: Ihu1 Ihl• narrlgaryor will mu~P sorb lurlher ussu?an1~PS to pPrfP1•f 1hP f1•r simple fillP fo said lnn(1 in f{ge
mo?Iya~IrP ns ?nuv r/•asonnhly bP ?Pyuire(1; thal fhP morff1a~1Or herl•hy fully warrants the fi11P to said lan(1
Ull(1 11'ill (IPf(•II(1 IIIP ~(InIP a(~al/lSt 1{IP 1a 11•f 11l l'Ia1mS Of all pPfSOn3 Url1OmSOP1'Pr; al1~ Ihal Sal(1 1a11(1 IS f IPP
and ch•a. all 1•n(~glnlhranl•PS except that certain first mortgage as recorded
in O. R.Book'294, at page 1592 of the public records of S_t. Lucie
County, Florida.
PROVIDED ALWAYS: That if said mortgagors herein shall pay
unto said mortgagee herein the certain
promissory note hereinafter substantially -
copied or identified, to-wit: !
s 3:868.8 No 707
Fort Pierce, Florida January 8 1979
- For value received, I, we, or either of us, promise to pay without defalcation to the order of
Harris Construction Corporation , at the office of the payee
fierein in ~ lorida or at such other plaoa~ as the peyas herein shall designate in writing, the
sum of ~ • with interest from date at the rate of 10.0 % per annum, payable
in monthly installments as follows, to wit:
i 38.00 on the 10th day of February 19 79 and a like sum
on the oorrespondiny day of each like succeeding month thereafter until the 10th
day oP March, 198q at which date any unpaid principal
balance and any accrued interest Mill come dot and payable.
In the event any amounts currently due and/or past due under the terms of this note are not paid
by the25th day 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 question. If
currently due and/or past due payments or parts thereof under the terms of this note .remain unpaid
j at the end of any month, 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 under the terms of this note ase .understood to be but not limited to.
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~ Regularly amortized interest and principal payments. ~ -
(2) City and/or county taxes when paid by the payee herein.
(3) Insurance premiums when .paid by the 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.applig3d in the payment of the interest and then on the unpaid bal-
ance of the principal sum. If default is made in the payment of any installment when due, then at the '
option of the holder, and without any other notice, all the remaining installments shall be due and payable at
once. Privilege is given to pay two or more installments at any installment maturity date, but this shall
not extend the time of maturity of any subsequent installment. Neither forbearance, nor acceptance by
the holder hereof after any default in any payment hereon, shall be deemed extension.
Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment,
j protest and notice of protest for rwnpayment, 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 hereunder.
WITNESS THE HANDS AND SEAL OF EACH PARTY. /s/ John W. McMillan Jr. ~A~)
/s/ .Dorothy M. Millan (SEAS)
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BACK ~ PA6f 2859
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