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~o ~iAUe and to ~iotd Ihr .unu•, lugr•Ilrrr ,urllr Ihr Irnemrnfs, hererlifume?,Is unrl appurlr
rut:+~',_ Iluvr•to hrlungi?ty, unrl tlrr• n•rrfs• tssurs and prv,(it. tl,r•n•ur. unfu the murlgnger. in err simple.
II fir ?norl~ ai ur cw•enu?rls will, the rnurfi a~ r r Ihuf the morl~ at or is ins r r asi ? v seixrv o snir
end 1 , , , r • . , , , r • 1 l , ~ 1
II lane! in (re simple; that Ihr murtguttur has yur?rl right untl luu•(ul authority fu cunrey sai?l lane! as uru?e
.girl; that Ihr murfrµrgor mill nu?~e such rurlher assurances lu per(ecf the see simple fille fo sai?l lane! in Ilse
nuntgagre us nurv reasorurhly he ?ertuirr?l: that the murt~,a~p,r hereby rally u•arranfs the tills to said haul
and will rlr(rnrl the same. ur,ainst the lau•(ul claims ur all persons u~homsaer•er: oral that said land is rree
..reel clr•rrr a( all r•?rr~un,l,rr,?rr-es except city and Ccunty taxes accruing after
December 31, 1978.
I
PROVIDED ALWAYS, that if said mortgagor .shall pay unto said
mortgagee the certain primissory note hereinafter substantially cops d
or identified, to wit:
S 11 ~,0 ~ Q . ~ tl No.
Fort Pierce, Florida D ct Q t e r Q, ~ q
For value received, I, we, or either of us, promise to pay without defalcation to the order of
Valerie ti'. isrris at the office of the payee
herein in Fort Pierce, Florida or at such other place as the payee herein shall designate in writing, the
sum of E _11, flOfl • 00 with interest from date at the rate of ~ 8 _ 0 % per annum, payable -
in monthly installments as follows, to-wit:
E on the day of 19 and a like sum
on the corresponding day of each like succeeding month thereafter until p ~.i j n- f u l l
In the event any amounts currently due and/or past due under the terms of this note are not paid
by the 2 ~t day of the month, a late penalty of 5.0% of the combined amounts currently due and/or
past due, wiii be added to and oaiiected 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 terms of this note for subsequent months for the purpose of calculating subsequent
E late penalties. Amounts due under the terms of this note are understood to be but not limited to.
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(1) Regularly amortized interest and principal payments.
(2) City and/or county taxes when paid by the payee herein.
(3) Insurance 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.
Each installment first shall be applied in the payment of the interest and then on the unpaid bal-
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 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.
Each maker, surety 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 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. /S,/ Evans E sort: hnn (SEAL)
(SEAL)
- (SEAI)
'319 4~ 103 - (SEAL,
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