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~o itoue and to Mold the same, frxtelher wilh the tenements, lierotlitamenls ,and appurte ,
uauces thereto belonging, and the rents, Fsu?Pa and prof
ils thereoj, unto the mortgagee, in fee simple.
~i1Ni the mortgagor covenants u~ilh the mortgagee Ihaf the mortgagor is indefeasibly svixed of said
land in Jee simple; that the mortgagor has good`riph! oral lawful authority to convey said land as afore-
said: that the mortgagor ?vill make such Jurlher assurances to perfect the jee simple title to said land in the
mortgagee as may reasonably be required; tha! the mortgagor hereby fully warrants the title to said land
and will defend the same agninst the lawful claims of all persons whomsoever; and that said land is free
and clear aj al[ encumbrances except taxes accruing after December 31, J.979
PROVIDED ALWAYS, that if said mortgagor shall pay unto said
mortgagee the certain promissory note hereinafter substantially
copied or identified to-wit:
s8,1o0. oo ~ 727
Fort Pierce, Florids September 5th. 19
For value received 1, we, or either of us, promise to pay without defalcation to the order of
Harris Construet~lon Corporation , at the office of the payee
herein in Fort Pierce Fbrida or at such other place as ~e payee herein all designate in writing, the
sum oft 8.100. t30 with interest from date at the rate of 1~ • 0 96 per annum, payable
in monthly installments as folbws, to-wit:
t 225.00 on tl,e 10th day of October 197 and a like sum
on the corresponding day of each like succeeding mon#? thereafter until p8id in full.
t
i
In the event any amounts wrrently 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 5.096 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 temps 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 Ix,t not limited to.
(1) Regularly amortized interest and principal payments.
(2) City and/or county taxes when paid by the payee herein.
(3) tnsuranoe 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.
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Each installment 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 dve and payable at ~
once. Privilege is given to pay fwo of 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.
Esch maker, surety and endorser hereof, joinNy and severally, waives demand, presentment,
protest and notice of protest for ranpayment, 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. -a'S~RC~SA LEF bie!!:K (SEAL)
- ~ - - (SEAL)
~ (SERI)
315 P,~2,~4 (mot'