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HomeMy WebLinkAbout2218 ~ ~1 . { ~ ~o ~ue and to ~iold Ihe same, logef~~er wilh the lenemenft, tie?edifamenls nnc~ appurle- nanre~ I~~p?eto 6elor~ging, an~ I~e r~nfs. ~ssues nnd pro(ifs Ihereo~. unlo Itie morfgnge~. in Jee simp~p. ~11~ Itip mortgaflor coi~enunts u~il~~ the morfgagee Iha! ftie mwfgagor is inrrr(~~ib~y spizecj oj said ~an~l in JPP Sl~/l/)~p: Ihaf fhe mortgagor tias good righ! nnd ~aw(u~ aulhority fo convey saic~ ~una as of o?t- soid: ~ha~ ~hP morl~agor wtll make such (urther assurances to perfect Ihe (ee simple till~ to :nid land in tl~e ~iorfgagee as may reasona6ly 6a requirec~; Itiaf the mortgagor heretiy (u~~y waRnnfs f~e tit~e fo a~id ~nnd ~ and u~i!! deJend tl~e same agninst t1~~ law(uI clnims o( al~ penon~ wl~onuoever:. and that satd land ia jree a~d clpa. oJ all encumbrances except that certain first mortgage due Citizens Federal S&L Asse~., of St. Lucie Co. and recorded in O.R. Book 201, ~ page 1694 ofthe ~pub].ic records of St . Lucie Co. ,Florida. ~ PROVIDED ALWAYS, that if the, ~~:w-d~~'1'~hGOR~j`shall pay unto the ~ herein MORTGAGEE ~qilirM~ Promissory note hereinafte~~t~~~~~~yt~~~~~T identified, t o-w i t : s ~ ~i.~ +1~~r ~'""+r'. „~~r`r? N,~,....s- ~ 'ti 1/...~ • ' ~ ~ ~,000.00 - . ~ 720 ~ . ~ Forr ~e~, por~d~ Julq 2, t9 79, ' For value received, I, we, or eitl~er of us, promi~ to pay w'ithout def~slcation to. the~vrd~r of _ ; Harri~ Conatructioa Corporation . ~ ~ ~ ~ ~ t~y~ ' n e herein in Fort Pieres Florida or at such olfier plaoe as ths p~yee he~ein I designate in writing; the ~ sum- of ~1- 000. 68 with inte~t from date at the ~ate of % per annum, payable in monthly installment= es follows, to-wit: : . ~ 177.7~ ~~elOth ~y of At~guet 1979 and a Ilke wm on the aorre~porxling dey of sach like suooeedin~ month tfiereafter untii p81d iTl ful . i NotMithstanding the belox msntioned right of prepaqment. thie note . I la not prep~,qabie until on or after the lOth day of Augvst, 1980. In tfis sveM sny amoun!s cuna~tly due ar~d/or past due under the ~ms of this nete are no1 peid by the 25th~ay of tfie month, a late penalty of 5.096 of the oombina~ amounts cufrently due and/or psst due, wiil be added to and aoilectet! with whalever amouMs am due ior ihe montl~ in question. If currentty due ancl/or past due paymenh or parta thereof under the terms of this note remain unpaid at the end of any month, then said unpsid amouM will be carried forward and added to the amounts coming due under the terms of this note for subsequent months fa' the PurPose of ca~culating subsequent late penaltias. AmovMs due under tfie terms of this note are under:tood to be but pot limited to: (1) Regularly amortiz~d interest and principal psyments. (2) City and/or aounty taxes wFten paid by the payee herein. (3) Inauranoe . premium.: when paid by d~e peyce herein• (4) Senior mort~a~e paYments when paid by the payee herein. SNeet, sewer and water liens when psid by. the peYee herein. Each inatallment fi~st =hall be epplied in the payment of the interest and then on the unpaid bal- ~ ance of ti~e principa) wm. If default it made in the paymeM of any instaliment when due, then at the ~ option of the holder, and witF~out any other notios, all the remaining i~utallments shali be due and psyaWe at onu. Privilege is given to psy two or more instsllments at any installment msturity date, but this shall not extend the time of mafurity of any wbsequent installmeM. Neither forbearanoe, nor eaeptanae by . the holder hereof aher any default in any payment hereon, shall ba deemad extension. EBCh maker, wrefy and endorsar hereof, jointly snd severolly, waives demand, presentment, . protest and notias of protest for nonpaymern, snd further a9ress to a~ry extension of time of payment, either before or after maturity, witJ~out notiae to any of ua; and to pay all cosfs of aei{ection, inciuding a reasonable attorne~/s fee in the event of sny default hereunde~. WITNESS THE HANDS AND SEAL OF EACH PARTY. ~s/ John R. Waller . ohn R. Waller - /s/ Dorothy R. Waller ~U BOOK V~~ PACf , ~ Dorothy R. Waller - _ ~ ~ -