HomeMy WebLinkAbout2870 ~o ~iaue and to ~iotd the sanu•, luyelher wily the 1?v?eme+ifs, herrdilumrnls and uppurle
ponces fhendu belon~~intf, and Ilse rents, issues and profits Thereof, unto the mu?Igayee, in fee simple.
~n~ the ma?I~fa~for cwv~n?u~ls u~ilh /he morlga4tee Thal the mwlgagor is inihfeosibly sri:ed of said
land in Jee simple: fhof Ilu~ mortgagor has good right and lawful authority fn convey said lu?ul as afore-
said; that the morl~µufor ieill malre such further assunuu-es to perfect the Jee simple title fo said land in the
mu?tyagee as may reasonably be required; that the mortgagor hereby fully u~arrantt the fills to said land
and will defend the same against the lawful claims of all persons u~homsoerer; and that said land is free
and dear of all encumbrances except that certain first mortgage as recorded
in O.R.Book 300 at page 21 of the public records of St. Lucie Co,Fl.
FROVIDF.D ALWAYS: THAT if the said mortgagors herein shall pay
unto said mortgagee herein the certain
promissory note hereinafter substantially
copied or identified, to-wit:
~ 708
s 4,237.05
Fort Pierce, Florida January 16 fq 79
For value rsoeived, 1, we, or either of us, promise to pay without defalcation to the order of
Harris Construction Corporation , at the office of the payee
herein in rt orida or et such other place as the payee herein shall designate in writing, the
sum of e ~ i ~~~b~ ~ with interest from date at the rate of 10.0 ajl. per annum, payable
in monthly installments as follows, to-wit:
= 137.0 on the 10th day of February 19 79 a X41.00
on the corresponding day of each like succeeding month thereafter until March 10,
1984 at which time any unpaid principal balance plus any
accrued interest will come due and payable.
In the event any amounts currently due and/or past due under the terms of this note are not paid
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 eolfected 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
at the end of any month, then said unpaid amount will be carried forward and added to the amounts
ofsming due under the terms of this note for wbsequent months for the purpose of calculating wbsequent
late penalties. Amounts due under the terms of this note are understood to be but not limited to.
(1) Regularly amortized interest and -principal payments.
(2) City and/or county taxes when paid by the payee herein.
- (3) tniurance premiums when paid by the payee herein.
I (4) Senior mortgage payments when paid by the payee herein.
(5) Street, sewer and water liens when paid by the payee herein.
1
Each installment first shall be applied 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 « more installments at any installment maturity date, but thin 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 endorsar hereof, jointly and severally, waives demand, presentment,
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 hereunder.
WITNESS THE HANDS AND SEAL OF EACH PARTY. /s/Gary Bohannon (~Af)
/s/Cheryl J . Bohannon (SEAS)
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(SEAL)
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