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~o ~taue and to Mold the sonu•, fuge•fher with the tellenlP/lti. h~'relhtllnll>IIt3 and uppurle
nau~•rs Ilu•n>tu helungi?ur. and the rents, issu?>s and pro~ifs thereo~, unto the mortgagee, in ~ee simple.
~n~ the mar/gagor ror?>na??ts u•ilh Il?e murfyagre Iha! the murfgagar is ind?•~easihly s?•ize of said
land in ~?•e simph•: that the mortganor has good right as?~ lain/ul authority fo cun~•ey said land as more
~ .ai?l: that the mortgagor will malre such ~urlher assurances to perfect the ~ee simple title fo said land in the
mortgagee (IS ??IIIY rPQSOnahly he require: that the mortgagor hereby ~?Illy u•arranfs t11P title t0 Said lafld
and will defe?ul the same against the lau~(ul claims o~ all persons u•homsoerer: and that said land is Jree
??.?1 .tear all ea?-??mb.m~?-es EkCEPT that certain first mortgage as recorded
in O.R.Book 307 at page 1635 of the public records of St. Lucie
~,oufity,Florida.
~:a-vlt ±r' a.'a
FRCS, yDED AL~•1AYS: that if said mortgagors shd1l ~•pa~ •~ytu~ said
mortgagee herein the certain p~Dmis"~'~Yty mote
hereinafter substantially copied or~id~entified,
~ to-wit:
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s4s?9?.l2ttt?
No 702
Fort Pierce, Florida NIBy 18, 1979 •
For value received, 1, we, or either of us, promise to pay without defalcation to the order of
Harris construction corporation , at the office of the payee
herein in f~rt~97
ei~lorida o< at such other place as the payee herein ~hall0designpeate in wnt,~y the
sum of ; with interest from date at the rate of 1 • UU % r annum able
in monthly installments as follows, to-wit:
227.35 10th June 146.00
S on the day of 197 and Z~e[slooc
on the corresponding day of each like succeeding month thereafter until July 10,198$
at which time any unpaid principal balance plus any accrued
interest Mill 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 5.0% of the combined amounts currently due and/or
past due, wilt 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 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.
(1) Regularly amortized interest and principal payments.
(2) City and/or county fazes 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-
E 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.
s 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.
WITNESS THE HANDS AND SEAL OF EACH PARTY. ~s~ Alberta C. Hair (SEAS)
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(SEAL)
(SEAL)
(SEAL)
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