HomeMy WebLinkAbout2773 i
~o ~isue and to Mold fhr xamr. Irxlrll?rr with Ihr trnrmrIlls, 11r/r111I11a1rf11S and uppu?le
?~nnr•rs Ihrrrlo hrlu?~ging, and Ihr rrnls, issues and pro(ils Ihrn•oJ, unto Ihr mortgagrr. in Jrr simplr.
1~INi fhr morlllagor cu~~ruanls with Ihr morl{lagre Thal fhr mortgagor is indr1rasihly seised of said
land in (rr simplr: That the n;artgagor has good right and lau,(ul authority to cunt~ry said land as afore
said: Iha1 Ihr mortgagor will make such Jurlher assurances to perfect the Jee simple title to said land in the
n?n?tgagrr as may rrasonahly he required; Ihal the mortgagor he?ehy /ally warrants the title Io said land
and will dr(wul IhP same against the lau~f ul claims of all persons u~homsoener, and Ihal said land is Jrre
and clear of all enc??mbrnncrs except that certain first mortgage owed to
Citizens Federal S&L Assoc of St. Lucie County, Fla. -
PROVIDED ALWAYS: that if said mortgagors shall pay unto said
- mortgagee the certain promissory note here-
inafter substantially copied or identified,
to-wit:
- - - _ - 1
X15, 000.00 ~ 712
Fort Pierce, Florida April 13 19 - 79
For value received, I, we, or either of us, promise b pay without defalcatan to the order of -
Hascel J. Harris , at the office of the payee
~m ~ ~F~, ~c4: OlQrida or at such other plane as the payee herein ~ha~ designate in writing, the
U ~U1 with interest from data at the rate of lu 96 per annum, payable
in monthly installments as follows, to-wit:
15,000.00 a, ~,is 16th day ~ June 19.79 x~
at the rats of lO.Ox par annum until the date ofpp~y-olfe~6
In the event any amounts currently due and/or past due under the terms of this note are not paid
by the 26thday of the month, a late penalty of 5.096 of the combined amounts currently due and/or -
past due, will be added b and aolledsd with whatever amounts are due for the month in question. If
currently due and/or past dun payments or parts thereof under the terms of this note remain unpaid
i at the end of any month, then said unpaid amount will be carried forward and added to the amounts
Doming due under the terms of this note for subsequent months for the purpose of oala?lating subsequent
j late penalties. Amounh dos under the terms of this rate are understood b be but not limited to.
s -
' (1) Regularly amortized interest and prirxipal payments.
~ (2) City and/or county taxes when paid by the payee herein.
s t3) Insurance premiums when paid by the payee herein.
~ (4) - Senior mortgage payments when paid by the payee herein.
E Street, sewer and water liens when paid by the payee herein.
Each installment first :hall be applied in the payment of the interest end 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, shell be deemed extension.
Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment,
protest and notice of protest for nonpayment, and further agree: b 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
s reasonable attorney's fee in the event of any default hereunder.
E WITNESS THE HANDS AND SEAL CtF EACH PARTY. /s/ D. J .Tzimenatos SAL)
- /s/ Sophie S. Tzimenatos
(SEAL)
(BEAU
(SEAL)
F
a~
R
k ~ 2769
5~G! vVU PACE
~
S