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~o ~iaue and to ~old f~~r .unu•. lu~~~•1~~i~r ~uil~~ I~~i• 1~•u~~~n~•nfs. ~u•~i•~~ffunu•nls un~r u?~pu?1~•
n~u~rrs I~u~mfu ~i~•~ue~ying. rui~~ t~ir mnh. issurs iuu~ p?u~ih I~irn•o~. unfo I~u• murigu~~~•~•. ir~ j~v~ ~i~np~~•
, ~nd i~~~• ~nurfpu~?r~cur~~t~o?~fs u~if~~ I~~t~ ?nurf~~n~~~•~• I~iul I~~i• mu?f~~i~,ryur ~s in~~r~~•oci~~~V •r~_~•~~ u~ sui~~
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.ui~~: f~~af f~~~~ murlguyur u~i~~ mo~r~ su~•{~ ~url~~i~r ussu?nnci~s fo ?t•r erf fI~P ~•r sim ~ P fil~P fo sai~
i nw?lyng~•i~ as ma~~ rrcuu~~a~i~y ~,e r~quir~~~: I~~af I~u~ morf,ya,ryor ~u•r~l~y Ju~~y u~arranls I~u• til~i• 1~. s~i~~ ~~ui~
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IIIU~ 11'1~~ fIPrP11(~ ~~IP S(IRIP Q(~QIIIS~ ~1IP ~(111~r11' 1'~IIIRIS Ur (1~~ ~)P~SO/IS U~~IOOISOP!•Pr: A?Il~ ~~Q~ S/~l(~ ~(111~ IS 'IPP
~,~~d ~~I~~~,. ~,ll i~nt~umh.~~~~•~s except that certain first n~ortoage a~ recordE~d
in O.R.Book 3G1 at page 238~1 of the public records ol' St. Lucie
County, Florida.
F'ROVIDED ALl•tAYS: that if said mortgago~ st~~7~1 pay unto said
r;.ortgagee that cert~i,~i~..~om? ssory note
here~nafter substar~~i~ll,~,s copied or identif? ed,
to-wit : • . ...:..a,~• ' ..t f -
:.~ar.~...• .,_~.ti
~__2 ~ 79 T .12 No. 704
Fort Pierce, Florida MSy 1? ~q79
For value received, I, we, or either of us, promise to pay without defalcation to the order of
Narris Construetion Corporation , at the office of the payee
herein in FQrt ierce Florida or at such other plate as the payee herein shall designate in writing, the
sum of a L ~~97 • i2 with interest from date at the rate of 10. 0 y6 p~r annum, payable
in monthly installments as follows, to-wit:
~ 214.?5 lOth June 326.00
a on the day of 19~- and ~7i0.~e~~
on the corresponding day of each like succeeding month thereafter until July 10~198~
at rrhieh time any unpaid principal balance plus any accrued
interest will come due and payahle-.
In the event any amounts currently due and/or past due under the terms of this note are not paid
by ihe 25thday of the month, a(ate penalry of 5.0% of the combined amounts currently due and/or
past due, will be added to and collected with whatever amounts are due for the month in question. If
currently due and/or past due payments or parts thereof urxJer the terms of this noie remain unpaid
at the end of any month, then said unpaid amount will be carried forward and added to the amounts
j 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.
1
(1) Regularly amortized interest and principal payments.
~ (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.
~ (5) Street, sewer and water liens when paid by the payee herein.
~
a Each instatlment 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, a~d 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 h~reon, shall be deemed extension.
~ Each maker, surety and endorser hereof, jointly and severally, waives demand, presentment,
~ protest and notice of protest for nonpayment, and funher 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/ John L. Rosher (SEAL)
~ /s/ Alberta Rosher
P (SEAL)
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