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I~u• sunu•. fu}~~•i~u~~ wil~~ I~te frnamrnf~. ~~rn~~~ifumrnls uni! u~ipu~ir ~
; ~o ~iaue and to ~iold ~ ~
niuirrs I~~~r~fu ~~~~~unying. onr~ 1~~~ mnls. issu~s an~~ pro~Ns t~ierruJ. tu~fu I~~v morlgndee. in JPP simp~e.
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lln~ f~u• n~o~f{~agor ~ov~nanls wif~~ 1~~~ morfguflo~ I~~al I~e mort~udur is inc~eJrasi~~y seizec~ oj saic~
lun~1 in /i•v simpl~~: fhat tl~n morl~a~or I~ns pocK~ right ~nd lawful autf~orlty to convey snid land w afore
.ni~~: I~~nl f~~w mo~l~uf~or ~oi~~ ma~e su~~~ JurfJ~er assura~~ces lo pe~~rcl !he lee simp~e ftl~e fo saiJ ~ana in t~e
i morf{1~~f1~'~ as moy reasona~,(y requir~<~: Iha! f~~ morlgagor {~ere~y ~u~~y wurrnnls f~~e lit~p !o saitj ~an~ i
a~ui ~oill def~•n~l 11~~ sam~ af~ainst the law~ul clain~s o~ a~~ ~rsons whomsoeaer; and Il~at oid land is )rre '
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a 3~ I4? . 2U No.-
Fort Pieroe, Ftorida A~t 19
For value. received, 1, we, or eifihe~ of us, promise to pay without defalcation to the order of
~~obcr'~ P. Pot~elcit a~cl Carola E. Povn~lQif~ , at the office of the Pay~e
herein in FQ~P,~ ~c~e,,~Q nda or at such other place as the payee herein shall designate in writing, the
sum of ~"ij~ t~y" • with interest from date at the rate of ~~0 %per annum, payable
in monthly installmenta as follows, to-wit:
s 73~3~ on the 20th day of September tq 78 and a like sum
on the corresponding day of each like succeeding month thereafter until P~~a in Pt.il •
I In the event any amounts currently due and/or past due under the terms of this note are not paid
by the day of the month, a late penalty of 5.0% of tfie combined amounts current~y due and %or
past due, w~ll be added to and collected with whatever amounts are due for the month in question. If
~ currently due and/or past due payments or paris 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
~ 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.
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(1) Regularly amortized interest and principal payme~ts.
€ (2) City and/or munty 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.
c (5) Street, sewer and water liens when paid by the payee herein.
~ Each installment firat shall be applied i~ 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 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, 6ut this shall
r not extend the time of maturity of any subsequent installment. Neither forbearance, nor acceptance by
~ the holder hereof affer any default in any payment hereon, shal) be deemed extension.
~ Each maker, surey and endorser hereof, jointly and severally, waives demand, prese~tment,
~ protest and notice of protest for nonpnyment, and further agrees to any extension of time of payment,
either before or aher 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. .
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