HomeMy WebLinkAbout2357 ~0 ~ W the same. together with the fenemenfs. heredifamenls and appurle- ~
/Ia11CPt thereto bPlOltging, and~the rents, issffes and profits thereof, unto IhP mortgagee. in fee simple.
the mortgagor covenants u?1fh-the morf ague Ihai the mortgagor is tndrfeasibly seized of said
land in f
PP simple: thnf the mortgagor ties good rig~t and lawful nufhority to rnnuey said land as af
on-
said; that the mortgagor will make such further wsurances fo perfect the fee simple title to said land in the
mortgagee as may reasonably be required : that the mortgagor hereby fully warrant: the tills to said land
and will defend the same against the lawful claims of all persons whomsoever: and that said land is free
and clear of all encumbrances except city and county taxes accruing after
December 31, 1978. ~ ,
PROVIDED ALWAYS: that if said mortgagor shall pay unto said
mortgagee the certain promissory note herein-
after substantially copied or identified, to-wit:
X3,250.00 - - ~ ?lg -
_ <
Fort Pierce, Florida August 15 19 79
For value received, 1, we, or either of us, promise to pay without defalcation to the order of -
Harris=Construatlon QorporatisK? ~ ~ ~1° of the payee .
herein 1n fort Pierce, Florida or at such other place as the payee herein shall designate- in vomiting, the_
sum of ~ 33, 250 ._00 with interest from date at the raro of~._% per annum, payable
in monthly installmenb as follows, to-wits
: 536. ~4 on ~ 10th day. ~ September 19 T9 end a .like sum
_
on the oorrssponding day of sods like suaeedirtg month thereafter until p81d lA- tpll
' -
Nott+ithst8nding the belotr stated ri tot
gh prepayment this herein
promiaf3ory note can .not be paid otf before the date of that 13tfi -
sahedule monthlypaynunt. ~ - -
In the event any amounts currently due and/or past due under the terms of this, note aro nat paid
by the 25thday of the- month, a late penalty of 5.096 •of the mmbTned amounts currently due ansJ/or
past due, will be added b 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 temns of this note remain unpaid
at the end of oily month, then said unpaid amount wit! be carried forward and added to the amounts
coming-due under the terms of this note for subsequent months for the purpose of oslculating wbsequent
tale penalties. Amounts due under the terms of this noro are understood to be but not limited to.
• (1) Regularly amortized interest and prindpaf payments. -
(2) .City and/or county taxes when paid by the payee herein.
(3) lnsuranoa premiums -when paid by the payee herein.
(4) Senior mortgage payments when paid by the payee herein.
- (S~ Street, sewer and water liens when paid by the payee herein.'
Each installmQrrt first shall be applied in the payment of the interest and then on the unpaid bat-
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 ir?stallmerrt: at. any installment maturity date, but this shall
not extend the time of maturity of any subsequent installment. Neither .forbearance, rwt acceptance by
the holder hereof after any default in any payment hereon, shall be deemed extension.
Each maker, wrety 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 beforo or sfier maturity, without notice to any of us; and to pay -ell costs of collection, including a
reasonable attorney's fee in the event of any default hereunder. -
snv-oN-svRPZ,vs zxc.
WITNESS THE HANDS AND SEAL OF EACH PARTY. ' (SEAL)
HY: /s/ - Vir ie M. Everett - (~A(a
rg a verett
President-
(BEAU
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