HomeMy WebLinkAbout2348 ~o due and to ~iotd the some, IrH/efl~er wild the tenements. he?etltlumenls anti pppurfP
uances tltPrefu helunf/ing. anti the rents, issues anti praJifs IherPOJ, tu)to the mortgagee, in JPP simple.
~IN{ IhP morfga{fur e•ot~Pnanta wily the mart}ta~feP Iha! the mu?Iga{/ur is inrlrJPUSi6Iy sai-Pr1 of said
land in /eP simple: that tl)e mortgagor hoe 4/ood ?iglet and lawful authority to fonney said land as ufurP-
said: Ihat the murf~ragor will make such further assuranfes to pe?Jeft the fee simple Lille to said land in the
mortgagee as moy reasonn6ly I)e reyuiretl: that the mortgagor hereby fully wa?raMs the title to said land
and will clPJet)d the same agai?)s! the lau~Jttl claims of all persons u~homsoPVer: and that said land is free
atld flPar OJ all Pnr'l/ml)rQ?!fP!
1 ~ v~
t 1 s 500.00 ~ 711
Fort Pierce, Florida APrll 10 19 79
For value received, I, we, a either of u:, promise to pay without defalcation to the order of
Narria Construction Corpo ation , at the office of the payee
herein in Fort ~~cebFOorida or at such other place as payee herein ~,~11 Odesignab in writing, the
sum oft 1 a with inbrest from dab at the rab of 11V~ • % per annum, payable
in monthly instaJlmenb as follows, to-wit:
~ 25.00 ~ 10th day of 19.~Q_._ and a like sum
on the corresponding day of each Ilke succeeding month thereafter untilpald in Rill.
i
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 5.09f. of the combined amounts currently due and/or
past due, will be added to and collected with whatever emouMs are due for the month in question. If
currently due end/or past due payments or parts thereof under the terms of this note remain unpaid
at the end of arty 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 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) Insurance premiums when paid by the payee herein.
~ (4) Senior mortgage payments when paid by the payee herein.
(S) Street, sewer and water liens when paid by the payee herein.
3 Each installment first shall be applied in the payment of the interest and then on the unpaid bal-
ante 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,
protest end 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, induding a
~ reasonable attorney's fee in the event of arty default hereunder.
WITNESS THE HANDS AND SEAL OF EACH PARTY. /s/Inman Gordon Jr. ~A~)
(SEi4L)
(SEAL)
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