HomeMy WebLinkAbout2002 7~fWt ~ W 1W'~ the same, together with the tenements! heredifumenls and upprr?tt
nances Iherelo helonying, amt the rents, issues and pro(ilt thereof, unto the mortgagee, in fee simple.
tl~e mortgagor covenants with the mortgagee that the mortgagor is indefeasibly seized of said
larrrl ire fee simple: that the mortgagor has good right and lawful authority to convey said fund as afore-
said; that the mortgagor mill make such further assurances to perfect the fee simple tills to said land in the
mortgagee as may reasonably 6e required: that the mortgagor hereby fully u~nrrants the title to said land
and will defend the same against the lawful claims of all persons whomsoever: and that said land is free
and clear of all encumbrances except the certain first mortgage as recorded
in O.R.Book •~t~~age 21 of the public records of St. Lucie Co.
Fla. ~ ,
PROVIDED ALWAY_S_: THcT if the said mortgagors herein shall pay
unto said mortgagee herein the certain
promissory note hereinafter substantially
copied or identifed, to-wit: -
~ 4,237.05 - No - ~0$
Fort Pierce, Florida January 16 tq - 79
For value received, 1, we, or either of us, promise to pay without defalcation to the order of
- Harris Construction Corporation , ~ ~ office of the payee -
herein in Pierce, Florida or at suds other place ss the payee herein :flail designate in writing, the t
wm of ~ 2 •0.~---- with interest from date at the rate of 3.4.. n `X. per annum, payable
in monthly installments as follows, to-wit: - 41.00
137.05 - on the 10th day of February lq T9 • and ~txQ~litxn -
on the corresponding day of each like succeeding month thereafter untH March 10, -
1984 at which time any unpaid principal balance plus arty ;
accrued interest will come due and payable.
In the event arty amounts currently due end/or past due under the -terms of this note are not paid
by the 25thday of the m_ onth, a late penalty of 5.Q% of the ccxnbined amounts currently due and/or
past due, will be added to and collected with whatever amounts are due for the mor?th in question. It -
currently due end/or past. due payments or parts thereof under the terms of this note remain unpaid '
at the end of any month, then said unpaid amoun# will be carried forward and added to the amounts
coming due under the terms of this note for wbsequent months for the purpose of calculating subsequent
E late penalties. Amounts due under the terms of this note are understood to be but not limited to.
I - (1) Regularly amortized .interest and principal payments. -
(2) - City and/or county taxes when paid by -she payee herein.
_ (3) Insurance premiums when plaid by-the payee herein.
(4) Senior mortgage payments when paid by the payee herein. '
Street, sewer and water liens when paid by the payee herein.
Each installment first. shall be applied in .the payment of the interest anti then on the unpaid bat-
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 sny other notice, all the remaining instaNmertts 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 instatlmerrt. Neither forbearance, nor acceptance by
the holder hereof after any default- in any payment hereon, shall be deemed extension. -
r
Each maker, surety and endorser hereof, jointly -and severally, waives demand, presentment, #
protest and notice of protest -for nonpayment, and further agrees to any extension of lima of payment,
either before or after maturity, without notice- to stty of us; and to pay all costs of oolledion, including a
reasonable attorney's fee in the event of any default hereunder.
WITNESS THE HANDS AND SEAL OF EACH PARTY. /s/ nary N . Bohannon (SEAL) -
/s/ Cheryl J . Bohannon - (SEAL)
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(SEAL) i
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