HomeMy WebLinkAbout2647 asKV~ ~ LO giV~ the samP• toyrlher with the tenements. herrditaments and appurfe-
na?urs fhyrefo belonyiny, and fhy reefs, issues and pmfits thereof, unto the mortgagee. in fee simple.
the mortyagor co?•ynants with the morfyagee that the mortgagor is indefeasibly syized of said
land in fyy simply; that the mortgagor has good right and lau•(ul authority to convey said land as afore-
said: that thy mortyayor ?r•ill malre such further assonances tc perferf the fee simple title to said land in the
mortgagee as may reasonably be required: that the mortgagor hereby fully u~arranfs the title fo said Innd
and will dyfend the same against the Inu~ful claims of all persons u~homsoe~~er; and that said land is free
and CIPAI of all P/ICIlmbraRCPt except that certain first_ mortgage presently
of record and due First Federal S&L Assoc. of Ft. Pierce, Fl. and
that certain second mortgage presently of record and due Harris
Construction Corporation.
PROVIDED ALWAYS, that if said mortgagor shall pay unto said mortgag e•
the certain promissory note hereinafter copied or identified to-wit
s ~,aoo.oa - ~ 7za
>;arr Pienaa, Aorida Septewber 5 fq ~ 9
For value received, t, we, a either of us, promise to pay without defalcation to the order of
Harris Construction Corporation • ~ ~ office ~ ~
herein in Fact 4uU ~ ,~orida or at such other place as die payee herein I designate in writing, the
sum of = b , 4U uU~O with interest from date at the rate of~_96 per anrwm, payable
in monthly installments as follows, to-wit: -
- ~ 164.24 on ~ 10th day ~ October` fq~~ and a like wm
an the corresponding day of each like succeeding month thereafter untilpt3ld i11 full.
In the event any amounts turrerrtly due and/or past due under the terms of this mote are not paid
by the 25thday of the month, a late penalty of 5.06 of the aornbirred amounts currently due and/or
past due, will be added to and oolleded with whatever amounts are due for the month in question. if
currently due and/or past due pryments 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 m the amounts
coming due under the terms of this note far subsequent months for the purpose of calwlating subsequent
fate penalties. Amounts due under the terms of this rate are understood m be but not limited to.
(1) Regularly amortized interest srrd prirrapa! payments.
(2) City and/or county taxes when paid by the payee herein.
(3) insurance premiums when paid by the payee herein.
(4) Sen'ar mortgage paymerrfs when paid by the payee herein.
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-
an~e of the prindpai sum. if default is made in the payment of any installment when due, then at the
option of the holder, and without arty other notice, all the remaining installments shall be due snd 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 wbsequent installment. Neither forbearance, ray aooeptarroe 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 agnxs b arty extension of time of payment,
either before or after maturity, without notice to any of us; and to pay all costs of eoliection, inducting a
reasonable ettorne~s fee in the event of any default hereunder.
I
WITNESS THE HANDS AND SEAL OF EACH PARTY. ~s/ Anna J . Hurst '
(SEAL)
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