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~o ~iaue and to {old the sam?•, frup•Ilrer with !hr tenements, I?eredilumenls and uppurte
uaurrs Ihen•lu belonging, and the rents, issues and profits thereof, unto Ilre mortgagee, in fee simple.
11n~ the morfryattor cur?•nanls roill? the mwtttatwe Ihal Ihp morttta{tar is inlrfrasil?ly sri~?•?I of said
land in lee simple: that the moric~agor has flood ?iglrt and lawful authority to coneey swirl lung as afore
~ snid: that the mortgagor mill matte such further assurances fo perfer•1 the fee simple Lille to said land in fire
1 mortgagee as muy n•asonu ? ?e rer uiret ; Ihat fire mort a or here ? ~arranis the title to said land
' l ly I t 1 g g I y Jrrlly a
and will defend the same against the lawful claims of all persons u~homsoeeer: and that said tan{ is free
and clear of all encu?nhmnr'es except that certain first mortgage as recorded
in O, R.Sook 300, page 322 of the public records of St. Lucie Co. ,Fla
~'ROVIDED ALir'aYS: that if said mortgagors shall pay unto said
mortgagee herein the ,,Certain promissory note
hereinafter substantial?l:y copied or idet:tified,
to-Wit : ~
. ~ - ~a~aa~"
3-4,203.55 No. 699
Fort Pierce, Florida 1Kay 29 19 79
For value received, I, we, or either of us, promise b pay without defalcation to the order of
Harris Construction Corporation , at the office of the payee
herein in rf Pierce, Florida or at such other place as the payee herein shall designate in writing, the
sum of S ~ ~ 203.55 with interest from date at the rate of 10.0 y(, p~ annum, payable
in monthly installments as follows, to-wit:
117.37 10th June 79 =41.00
S on the day of 19 and Z*iltiACtVOn
on the rnrresponding day of each like succeeding month thereafter until July 10,19 84
at which time any unpaid principal balance plus any accrued
interest will come due and payable.
In the event any amounts currently due and/or past due under the terms of this note are not paid
by the 25th day of the month, a late penalty of 5.09b of the combined amounts currently due and/or
l past due, will be added to and collected with whatever amounts are due for the month in question. !f
currently due and/or past due payments or parts 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.
I
I (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.
(5) Street, sewer and water liens when paid by the payee herein.
Each installment 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, 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
I 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 and 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, including a
reasonable attorney's fee in the event of any default hereunder.
5
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WITNESS THE HANDS AND SEAL OF EACH PARTY. /s/ Ernestine Sheppard (SEAS)
(SEAL)
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