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~o ~lAUe And to ~lotd the same, fogellrer with the tenements, hereditamenls and appurte-
nances Iherefo belonging, and the rents, issues and profits fhereoJ. unto the mortgagee, in Jee simple.
the- mortgagor covenants with the mortgagee that the mortgagor is tndeJeasibly seized of said
land in fee simple; that the mortgagor has good right and law/uJ authority to convey said land as a/ore-
said; that the mortgagor will made such Jurfher assurances f'o'perfect the Jee simple title to said Iand in the
mortgagee as may reasonably be required; that the mwlgagor hereby Jully warrant! the title to said land
and will dejertd the same against Ihg lawful claims of all persons whomsoever, and that said land is free
and clear of all encumbrances except that certain first mortgage as recorded
in O.R. Book 309, at page 411, of the public records of St. Lucie
County, Florida. i
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PROVIDED ALWAYS, that if. said mortgagor shall pay unto said i
mortagee the certain promissory note hereinafter substantially copi d i
or identified, to-wit:
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Fort Pierce, Horide 19
- - -For value received, I, we, or either of us. promise to pay. without defalcation m the orde,` of _ -
i nnAA~~ u~t ~~~t~i - , st the office of the payee
t~'in8 F~'P~biTc~,~r~~r a~ s~ro p~soe as the payee herein sfiall designste in writing, the _
- sum of with interest from date -at the rate of~~.96 per annum, payable _
In monthly installments as fdkyws, to-wit:
~i Qe on the- n~_ day of 19~_ and~e[
on the corresQonding: day of each like suaoaeding month thereafter untiiNoVember'
- - 10, 1984 - at which time the unpaid principal. balance-- and - . ~
any accrued interest thereon trill come .due and payable.. _
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In the event any amounts currently due and/or past due under. the terms of this note are not paid
by the25th day of the month, a tale penalty of 5.0% of the combined-amounts currently due and/or _
past dr)e,'will 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 - _
of the end Of any month, then said unpaid amount -will be carried forward and added to the amounts
Doming due under the terms of this note for subsequent month: for the purpose of calculating wbsequent
Iate penalties. Amounts due under the terms of .this note are understood to be but not .limited to.
_ - (1) Regularly amortized .interest and prindpat paymerMs. _
(2) City and/or county taxes when paid by .the payee herein. _
(3) .Insurance premiums when paid by the payee herein.
(~1) 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 Cheri on the unpa'sd bal-
ance of the prindpal sum. If default is made in the payment of any installmer?t when due, then at the
option of the holder, and witi~out 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 forixaronoe, nor ao-reptanoe by
the holder hereof after any default to any payment hereon, :hail be deemed extension.
_ tads maker, surety-and endorser hereof, jointly and severally, waives demand, presentment,
protest and notice of protest-for nonpayment, and further sgrees m any extension of time of payment,
either before or after maturity, without notice to any of us; and to pay all costs of collection,. inducting a
reasonable attorney's fee in the event of any defauh hereunder:
WITNESS THE HANDS AND SEAL OF EACH PARTY. 1S/ Conniff
L- - ~ (SEA?~)
/3/ tlwendolyn L. King EAU "
_ _ - (SEAL)
gp0(<~~ t~~ ~ - (SQL)